TY - JOUR
T1 - Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa
AU - Akobeng, Eric
N1 - Publisher Copyright:
© 2016 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2017/4/3
Y1 - 2017/4/3
N2 - The conventional wisdom is that rapid economic growth is driven by investment. Paying particular attention to the state of gross fixed capital formation (gfcf), poverty and institutions in sub-Saharan Africa, this paper investigates the effect of gfcf on poverty and explores whether the gfcf and poverty relationship can be strengthened by institutions. Using the panel data-set of 41 sub-Saharan African countries over the period 1981–2010 and dynamic two-step system generalised method of moment estimator, it is found that gfcf reduces poverty and institutions reinforce the gfcf and poverty link.
AB - The conventional wisdom is that rapid economic growth is driven by investment. Paying particular attention to the state of gross fixed capital formation (gfcf), poverty and institutions in sub-Saharan Africa, this paper investigates the effect of gfcf on poverty and explores whether the gfcf and poverty relationship can be strengthened by institutions. Using the panel data-set of 41 sub-Saharan African countries over the period 1981–2010 and dynamic two-step system generalised method of moment estimator, it is found that gfcf reduces poverty and institutions reinforce the gfcf and poverty link.
KW - fixed capital formation
KW - institutions
KW - poverty
UR - http://www.scopus.com/inward/record.url?scp=84958552635&partnerID=8YFLogxK
U2 - 10.1080/17487870.2015.1128833
DO - 10.1080/17487870.2015.1128833
M3 - Article
AN - SCOPUS:84958552635
SN - 1748-7870
VL - 20
SP - 136
EP - 164
JO - Journal of Economic Policy Reform
JF - Journal of Economic Policy Reform
IS - 2
ER -
