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Growth and Institutions: A Potential Medicine for the Poor in Sub-Saharan Africa.
- Source :
- African Development Review / Revue Africaine de Développement; Mar2016, Vol. 28 Issue 1, p1-17, 17p
- Publication Year :
- 2016
-
Abstract
- 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. [ABSTRACT FROM AUTHOR]
- Subjects :
- POOR people
POVERTY reduction
GROSS domestic product
POVERTY
AGRICULTURE
Subjects
Details
- Language :
- English
- ISSN :
- 10176772
- Volume :
- 28
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- African Development Review / Revue Africaine de Développement
- Publication Type :
- Academic Journal
- Accession number :
- 113444608
- Full Text :
- https://doi.org/10.1111/1467-8268.12163