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Impact of Governance Indicators on Inclusive Growth and the Achievement of the Sustainable Development Goals in Africa

In: Fostering Recovery Through Metaverse Business Modelling

Author

Listed:
  • Aomar Ibourk

    (Laboratory of Social and Solidarity Economy Governance and Development (LARESSGD), Department of Economics, Faculty of Law Economics and Social Sciences, Cadi Ayyad University)

  • Soukaina Raoui

    (Laboratory of Social and Solidarity Economy Governance and Development (LARESSGD), Department of Economics, Faculty of Law Economics and Social Sciences, Cadi Ayyad University)

Abstract

This study aims to assess the impact of good governance on inclusive growth in Africa. In a sustainable insight, this study explores the widely debated relationship between governance indicators and economic growth rate over time and from a sustainable and inclusive perception. Indeed, from a methodological perspective, the empirical material is compiled from a panel database of 49 African countries. After profiling the state of governance in Africa, a test of the exploratory relationship between governance indicators and the growth rate from 2007 to 2020. We choose the β-convergence test to assess the process of convergence and inclusion of economic growth in African countries. The results of this study indicate the positive effect of governance on economic growth in Africa. Then, the less developed countries of the continent are improving faster than the more developed countries because they have improved their governance rate over time. Therefore, promoting inclusive and sustainable growth in Africa requires a good governance foundation as a perfect stepping stone to achieving the Sustainable Development Goals.

Suggested Citation

  • Aomar Ibourk & Soukaina Raoui, 2023. "Impact of Governance Indicators on Inclusive Growth and the Achievement of the Sustainable Development Goals in Africa," Springer Proceedings in Business and Economics, in: Alina Mihaela Dima & Elena Rodica Danescu (ed.), Fostering Recovery Through Metaverse Business Modelling, pages 77-87, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-28255-3_6
    DOI: 10.1007/978-3-031-28255-3_6
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