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Growth and Institutions: A Potential Medicine for the Poor in Sub-Saharan Africa

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  • Eric Akobeng

Abstract

type="main" xml:lang="en"> The conventional wisdom is that growth is a precondition for poverty reduction. Paying particular attention to the level of growth, poverty and institutions in sub-Saharan Africa (SSA), this paper investigates the effect of GDP per capita growth and sectoral growth on poverty and explores whether the growth-poverty link can be strengthened by institutions. Using the panel dataset of 41 SSA countries over the period 1981–2010 and dynamic two-step system generalized method of moment (GMM) estimator; it is found that GDP per capita growth is an important instrument for poverty reduction. Also, the growth of agriculture and the service sectors have direct poverty-reducing effects. The paper further reveals that good and accountable government, bureaucratic quality and sound policies and regulations are important ingredients in sustaining the growth-poverty link in SSA.

Suggested Citation

  • Eric Akobeng, 2016. "Growth and Institutions: A Potential Medicine for the Poor in Sub-Saharan Africa," African Development Review, African Development Bank, vol. 28(1), pages 1-17, March.
    • Handle: RePEc:bla:afrdev:v:28:y:2016:i:1:p:1-17
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    Cited by:

    1. Jonathan E. Ogbuabor & Anthony Orji & Charles O. Manasseh & Onyinye I. Anthony-Orji, 2020. "Institutional Quality and Growth in West Africa: What Happened after the Great Recession?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(4), pages 343-361, November.
    2. Isaac K. Ofori & Camara K. Obeng & Simplice A. Asongu, 2024. "What Really Drives Economic Growth in Sub-Saharan Africa? Evidence from the Lasso Regularization and Inferential Techniques," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 144-179, March.
    3. Christopher Malikane & Prosper Chitambara, 2017. "Foreign Direct Investment, Democracy and Economic Growth in Southern Africa," African Development Review, African Development Bank, vol. 29(1), pages 92-102, March.
    4. Arcade Ndoricimpa, 2017. "Threshold Effects of Debt on Economic Growth in Africa," African Development Review, African Development Bank, vol. 29(3), pages 471-484, September.
    5. Mohammed TOUITOU & Ahmed BOUDEGHDEGH, 2021. "Estimating the relationship between governance, economic growth, inequality and poverty," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(628), A), pages 115-128, Autumn.
    6. Ben Hamouda, Abderrazek, 2018. "La qualité de gouvernance et le triangle croissance-inégalité-pauvreté [The relationship between growth-inequality-poverty triangle and governance]," MPRA Paper 92207, University Library of Munich, Germany.
    7. Gameli Adika, 2020. "Economic growth dynamics between resource‐rich and resource‐poor countries in sub‐Saharan Africa: The role of politics and institutions," African Development Review, African Development Bank, vol. 32(3), pages 303-315, September.
    8. Adams, Samuel & Akobeng, Eric, 2021. "ICT, governance and inequality in Africa," Telecommunications Policy, Elsevier, vol. 45(10).
    9. Cuenca-García, Eduardo & Sánchez, Angeles & Navarro-Pabsdorf, Margarita, 2019. "Assessing the performance of the least developed countries in terms of the Millennium Development Goals," Evaluation and Program Planning, Elsevier, vol. 72(C), pages 54-66.
    10. Anatole Goundan, 2018. "Colonial Legacy and Economic Efficiency across Africa: A Metafrontier Approach," African Development Review, African Development Bank, vol. 30(2), pages 187-199, June.
    11. Steve Yaw Sarpong & Murad A. Bein, 2021. "Effects of good governance, sustainable development and aid on quality of life: Evidence from sub‐saharan Africa," African Development Review, African Development Bank, vol. 33(1), pages 25-37, March.
    12. Sydney Chikalipah, 2017. "Institutional Environment and Microfinance Performance in Sub-Saharan Africa," African Development Review, African Development Bank, vol. 29(1), pages 16-27, March.
    13. Charles O. Manasseh & Timothy E. Mathew & Jonathan E. Ogbuabor, 2017. "Investigating the Nexus between Institutional Quality and Stock Market Development in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach," African Development Review, African Development Bank, vol. 29(2), pages 272-292, June.
    14. Ingutia, Rose & Rezitis, Anthony N. & Sumelius, John, 2020. "Child poverty, status of rural women and education in sub Saharan Africa," Children and Youth Services Review, Elsevier, vol. 111(C).

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