Globalization and Inclusive Human Development in Africa

Asongu, Simplice and Nwachukwu, Jacinta Chikaodi orcid iconORCID: 0000-0003-2987-9242 (2017) Globalization and Inclusive Human Development in Africa. Man and the Economy, 4 (1). ISSN 2017-0001

[thumbnail of Author Accepted Manuscript] PDF (Author Accepted Manuscript) - Accepted Version
Restricted to Repository staff only
Available under License Creative Commons Attribution Non-commercial No Derivatives.

477kB

Official URL: https://doi.org/10.1515/me-2017-0001

Abstract

This study extents the literature on responses to a recent World Bank report on the African poverty tragedy by assessing the effect of globalisation on inclusive human development in 51 African countries for the period 1996–2011. Political, economic, social and general globalisation variables are used. The empirical evidence is based on Generalised Method of Moments (GMM) and Instrumental Quantile Regressions (IQR). While estimated coefficients are not significant in GMM results, for IQR, globalisation positively affects inclusive human development and the favourable effect is higher in countries with high initial levels of inclusive development. The main economic implication is that in the post-2015 development agenda, countries would benefit more from globalisation by increasing their levels of inclusive development.


Repository Staff Only: item control page