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Globalization and Economic Growth in Developing Countries: Evidence from Sub-Saharan Africa

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  • Pam Zahonogo

Abstract

This article investigates how globalization affects economic growth in developing countries. We use a dynamic growth model with data from 42 Sub-Saharan African (SSA) countries, covering the period from 1980 to 2012. The evidence indicates an inverted U curve type response, robust to changes in globalization measures and to alternative model specifications. Our findings are promising and support the view that the relationship between globalization and economic growth is not linear for SSA. Accordingly, SSA countries have control of trade openness, particularly for the import level of consumption goods to boost their economic growth through international trade.

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  • Pam Zahonogo, 2018. "Globalization and Economic Growth in Developing Countries: Evidence from Sub-Saharan Africa," The International Trade Journal, Taylor & Francis Journals, vol. 32(2), pages 189-208, March.
    • Handle: RePEc:taf:uitjxx:v:32:y:2018:i:2:p:189-208
    DOI: 10.1080/08853908.2017.1333933
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    Cited by:

    1. Liu Haiyun & Yassin Elshain Yahia & Md Ismail Hossain & Sayyed Sadaqat Hussain Shah, 2023. "The effect of integration processes of the Common Market for Eastern and Southern Africa on the economic growth of the member states," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 93-111, January.
    2. Hamza CESTEPE & Havanur Ergun Tatar & Serdar Erdogan, 2023. "The Impact of Globalization with its Different Aspects on Economic Growth: The Case of Turkey," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 73(73-2), pages 717-743, December.
    3. Bandana Gurung & Hou Junjun & Raksha Gurung Shrestha & Wahib Ali Musleh Elayah, 2024. "Exploring the Impact of Foreign Loans, and Foreign Aid on Economic Performance: Evidence from Nepal," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 907-914.
    4. Liang, Xuefang & Qianqian, Ding & Tanai, Breshna & Shinwari, Riazullah, 2023. "On the conflict of natural resources hypothesis in Pakistan," Resources Policy, Elsevier, vol. 85(PA).
    5. Ngo Thai Hung, 2023. "Causal relationship between globalization, economic growth and CO2 emissions in Vietnam using Wavelet analysis," Energy & Environment, , vol. 34(7), pages 2386-2412, November.

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