Human Capital, Institutions and Innovation in Sub-Saharan Africa

Stephen Oluwatobi, Oluyomi Ola-David, Isaiah Olurinola, Philip Alege and Adeyemi Ogundipe
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Stephen Oluwatobi: Department of Economics and Development Studies, Covenant University, Nigeria
Isaiah Olurinola: Department of Economics and Development Studies, Covenant University, Nigeria,
Philip Alege: Department of Economics and Development Studies, Covenant University, Nigeria,
Adeyemi Ogundipe: Department of Economics and Development Studies, Covenant University, Nigeria.

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 4, 1507-1514

Abstract: This study examined the impact of human capital and institutions on innovation in Sub-Saharan Africa (SSA) and clearly highlighted the relevance of the human factor in determining innovation outcomes in the Sub-Saharan African region. Using the system generalized method of moments, coupled with some descriptive analyses, it was found out that human capital, as well as an enabling institutional environment, affects innovation outcomes in SSA. On the contrary, innovation outcomes in the region did not benefit from foreign investment. The study, therefore, recommends that human capital capacity be cultivated and given the enabling environment to contribute to innovation outcomes. This is expected to attract innovation-centred investments into the region.

Keywords: Human Capital; Institutions; Innovation; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: I25 O15 O31 O32 O43 O55 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2016-04-30

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