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Globalization and Inclusive Human Development in Africa

Author

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  • Simplice Asongu

    (Yaoundé/Cameroun)

  • Jacinta C. Nwachukwu

    (Coventry University, UK)

Abstract

This study extents the literature on responses to a recent World Bank report on the African poverty tragedy by assessing the effect of globalisation on inclusive human development in 51 African countries for the period 1996-2011. Political, economic, social and general globalisation variables are used. The empirical evidence is based on Generalised Method of Moments (GMM) and Instrumental Quantile Regressions (IQR). While estimated coefficients are not significant in GMM results, for IQR, globalisation positively affects inclusive human development and the beneficial effect is higher in countries with high initial levels of inclusive development. The main economic implication is that in the post-2015 development agenda, countries would benefit more from globalisation by increasing their levels of inclusive development.

Suggested Citation

  • Simplice Asongu & Jacinta C. Nwachukwu, 2016. "Globalization and Inclusive Human Development in Africa," Working Papers of the African Governance and Development Institute. 16/049, African Governance and Development Institute..
  • Handle: RePEc:agd:wpaper:16/049
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    Cited by:

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    2. Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2020. "On the simultaneous openness hypothesis: FDI, trade and TFP dynamics in Sub-Saharan Africa," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 9(1), pages 1-27, December.
    3. Tolulope T. Osinubi & Simplice A. Asongu, 2020. "Globalization and Female Economic Participation in MINT and BRICS countries," Working Papers of the African Governance and Development Institute. 20/058, African Governance and Development Institute..
    4. Bil, Mariana & Barna, Marta & Zbarska, Anna, 2021. "Migration and human development in Ukraine: features of interaction and priorities of state regulation," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(3), September.
    5. Simplice A. Asongu & Joseph Nnanna & Paul N. Acha-Anyi, 2021. "The Openness Hypothesis in the Context of Economic Development in Sub-Saharan Africa: The Moderating Role of Trade Dynamics on FDI," The International Trade Journal, Taylor & Francis Journals, vol. 35(4), pages 336-359, July.
    6. Sodiq Arogundade & Mduduzi Biyase & Hinaunye Eita, 2021. "Foreign Direct Investment and poverty in Sub-Saharan African countries: the role of host absorptive capacity," Economic Development and Well-being Research Group Working Paper Series edwrg-04-2021, University of Johannesburg, College of Business and Economics, revised 2021.

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    More about this item

    Keywords

    Globalisation; inequality; inclusive development; Africa;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • D60 - Microeconomics - - Welfare Economics - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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