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Governance Quality and Growth Performance in Sub-Sahara Africa: Dynamic Panel Systems Generalized Methods of Moments

机译:撒哈拉非洲治理质量和增长性能:动态面板系统的推广方法

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The objective of this paper is to examine the effect of governance quality on growth performance of Sub-Sahara African Countries. The data were obtained from World Bank database over the period 2002-2018 for a sample 22 countries. The method of dynamic panel systems generalized methods of moments (SYS-GMM) was applied to estimate the model. The overall finding reveals that governance quality plays significant role in economic growth performance of the countries. The aggregate (composite governance index) has positive significant effect, where a unit improvement in composite governance index increases economic growth (GDP) by about 3.4 percent. The disaggregated result also reveals that corruption and political stability do have negative and statistically significant effect on growth performance, whereas rule of law, voice and accountability and government effectiveness have positive significant effect on growth. The effect of regulatory quality index even if positive, it is not significant. The paper recommends consistent and strong policy interventions by respective governments in order to improve governance quality emphasizing on areas where the problems are especially serious such as problems of political stability, lack proper implementation of the rule of law and corruption control.
机译:本文的目的是探讨治理质量对撒哈拉非洲国家增长绩效的影响。该数据是从世界银行数据库获得的,于2002 - 2018年期间为22个国家的示例。动态面板系统的方法广义矩阵(SYS-GMM)的方法估计模型。整体发现揭示了治理质量在国家的经济增长绩效中发挥着重要作用。综合(综合治理指数)具有积极的显着效果,其中综合治理指数的单位改善将经济增长(GDP)增加约3.4%。分类结果还揭示了腐败和政治稳定确实对增长表现产生了负面和统计学的显着影响,而法治,语音和问责制和政府效率对增长具有积极的显着影响。监管质量指数的影响即使是积极的,它也不重要。本文建议各国政府建议一致和强大的政策干预措施,以提高治理质量强调问题尤为严重的区域,例如政治稳定性问题,缺乏正确执行法治和腐败控制。

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