INSTITUTIONAL SYSTEMS AND QUALITY OF LIFE IN SUB-SAHARAN AFRICA

Peter Tobi Awe and Abdulganiyu Idris Abdulrahman (agrahman@unilorin.edu.ng)
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Peter Tobi Awe: PG student, Department of Economics, Postal: Faculty of Social Sciences, University of Ilorin,, https://www.ijep.org/
Abdulganiyu Idris Abdulrahman: Department of Economics, Postal: Faculty of Social Sciences, University of Ilorin, Ilorin, Nigeria, https://www.ijep.org/

Ilorin Journal of Economic Policy, 2024, vol. 11, issue 1, 57-68

Abstract: This study examined the impact of institutional systems drawn from economic and political institutions on the quality of life in Sub-Saharan Africa. A panel data of thirty-seven Sub-Saharan African countries over the period 2007 to 2021 sourced from the World Bank database and Heritage Foundation. A two-step system-Generalised Method of Movement (GMM) technique was employed to estimate the model. The Sargan test for over-identification restriction and the Arellano-Bond test for second-order serial correlation were conducted. The study reveals that there is a positive relationship between the institutional systems and the quality of life in Sub-Saharan Africa. The study concluded that, for the quality of life in Sub-Saharan Africa to improve, the government in Sub-Saharan Africa should implement laws and policies that will strengthen the existing institutions to improve the quality of life of the people.

Keywords: Political institution; Economic institution; Quality of life; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: E02 I31 I38 O43 (search for similar items in EconPapers)
Date: 2024
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