Globalization, governance, and the economic performance of Sub-Saharan Africa

Voxi Heinrich Amavilah

MPRA Paper from University Library of Munich, Germany

Abstract: I estimate and compare the effects of globalization, governance, and conventional factors and forces on the economic performance of Sub-Saharan African countries. The analysis finds that both physical and human capita as well as unexplained technical residuals affect economic performance, although human capital and technical change do not always have statistically significant impacts. The policy implication of these results calls for improvement of all three variables. Economic performance also varies with measures of globalization, suggesting that globalization is good for economic performance, but it is social globalization rather than economic globalization that is most beneficial. On average the quality of institutions are important to economic performance, but, when disaggregated, different measures of institutional quality have different effects on performance. The results are reasonable, even as there remains a need to improve them.

Keywords: Globaliztion; governance; economic performance; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: F43 O43 O47 O55 (search for similar items in EconPapers)
Date: 2009-06-06
New Economics Papers: this item is included in nep-afr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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