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The Comparative Economics of Globalisation and Governance in Sub-Saharan Africa

Author

Listed:
  • Simplice A. Asongu

    (Yaounde, Cameroon)

  • Nicholas M. Odhiambo

    (Pretoria, South Africa)

Abstract

This study investigates the effect of globalisation on governance in 40 Sub-Saharan African countries for the period 2000-2019, with particular emphasis on income levels (low income versus middle income), legal origins (English common law versus French civil law), landlockedness (landlocked versus unlandlocked), resource wealth (oil-rich versus oil-poor) and political stability (stable versus unstable). The empirical evidence is based on Fixed Effects in order to control for the unobserved heterogeneity. Political, economic, social, and general globalisation variables are used, while three bundled governance indicators are also employed to assess five main hypotheses. From baseline findings, while all globalization dynamics negatively affect political governance, only political and social globalisation have a negative incidence on economic governance. Social and general globalisation dynamics positively affect institutional governance. The hypotheses that higher income, English common law, unlandlocked, oil poor, and politically-stable countries are associated with higher levels of globalisation-driven governance, are valid, invalid, and partially valid contingent on the globalisation and governance dynamics.

Suggested Citation

  • Simplice A. Asongu & Nicholas M. Odhiambo, 2022. "The Comparative Economics of Globalisation and Governance in Sub-Saharan Africa," Working Papers 22/050, European Xtramile Centre of African Studies (EXCAS).
    • Handle: RePEc:exs:wpaper:22/050
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    More about this item

    Keywords

    Africa; Governance; Globalization; Panel; Fixed Effects;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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