Gross Capital Formation, Institutions and Poverty in Sub-Saharan Africa

Eric Akobeng ()

Journal of Economic Policy Reform, 2017, vol. 20, issue 2, 136-164

Abstract: The conventional wisdom is that rapid economic growth is driven by investment. Paying particular attention to the state of gross fixed capital formation (gfcf), poverty and institutions in sub-Saharan Africa, this paper investigates the effect of gfcf on poverty and explores whether the gfcf and poverty relationship can be strengthened by institutions. Using the panel data-set of 41 sub-Saharan African countries over the period 1981–2010 and dynamic two-step system generalised method of moment estimator, it is found that gfcf reduces poverty and institutions reinforce the gfcf and poverty link.

Date: 2017
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Citations: View citations in EconPapers (12)

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DOI: 10.1080/17487870.2015.1128833

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