Effectiveness of Inclusive Growth Strategies on Poverty Reduction in Sub-Saharan Africa

Ibrahim Odusanya and Anu Toriola

South-Eastern Europe Journal of Economics, 2024, vol. 22, issue 1, 47-66

Abstract: This paper examines the efficacy of inclusive growth strategies in reducing poverty in SSA. The study specifically analyses the effect of economic, social, and institutional inclusiveness on poverty level from 2000 to 2022 for a panel of eighteen (18) lower middle-income countries in SSA. Data were analysed using the Differenced Generalised Method of Moments. Results revealed that inclusive growth leads to reduction of poverty level in the case of higher inclusive growth, suggesting the potency of inclusiveness economic growth may well contribute towards stemming poverty. However, the potential of inclusive growth strategies is yet to be fully realised in SSA.

Keywords: Inclusive Growth; Social Inclusion; Economic Inclusion; Institutional Inclusion; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: I31 I38 O43 O55 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:22:y:2024:i:1:p:47-66

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