Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Eric Akobeng

doi:10.1080/17487870.2015.1128833

Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Eric Akobeng

University of Leicester

Research output: Contribution to journal › Article › peer-review

38 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	136-164
Number of pages	29
Journal	Journal of Economic Policy Reform
Volume	20
Issue number	2
DOIs	https://doi.org/10.1080/17487870.2015.1128833
Publication status	Published - 3 Apr 2017
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

fixed capital formation
institutions
poverty

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10.1080/17487870.2015.1128833

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abstract = "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.",

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Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Abstract

UN SDGs

Keywords

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