Inclusive growth, human capital development and natural resource rent in SSA
Ibrahim Raheem,
Kazeem Isah and
Abdulfatai Adedeji
Economic Change and Restructuring, 2018, vol. 51, issue 1, No 2, 29-48
Abstract:
Abstract This paper seeks to achieve two objectives. First, we argued for the increase in government expenditure on education and health to examine the possibility of achieving inclusive growth. Second, financing gap model was employed to estimate the potential growth in GDP per capita that is accruable to the economy if government use natural resource rent to finance increase in expenditure of education and health. Relying on dataset for 18 SSA countries, among the results obtained showed that both government expenditures are found to be significant for explaining growth in SSA. However, augmenting health expenditure with natural resource appears to be more significant for making growth process inclusive. Also, the results of the simulation exercise indicate that increasing government expenditure on health would increase GDP per capita growth by over 3.1 %. The policy implication of this is drawn based upon the results obtained.
Keywords: Inclusive growth; Education and health expenditures; Natural resource rents; Financing gap model and Sub Saharan Africa (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (48)
Downloads: (external link)
http://link.springer.com/10.1007/s10644-016-9193-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:ecopln:v:51:y:2018:i:1:d:10.1007_s10644-016-9193-y
Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2
DOI: 10.1007/s10644-016-9193-y
Access Statistics for this article
Economic Change and Restructuring is currently edited by George Hondroyiannis
More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().