The Comparative Inclusive Human Development of Globalisation in Africa

Social Indicators Research. 134 (3), pp. 1027–1050 (2017).

27 Pages Posted: 4 Oct 2016 Last revised: 15 Nov 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Jacinta Nwachukwu

Coventry University

Date Written: March 1, 2016

Abstract

This study examines the impact of globalisation on inclusive human development in 51 African countries for the period 1996-2011 with particular emphasis on income levels (low income versus middle income), legal origins (English common law versus French civil law), resource wealth (oil-rich versus oil-poor), landlockedness (landlocked versus unlandlocked), religious domination (Christianity versus Islam) and political stability (stable versus unstable). The empirical evidence is based on instrumental variable panel Fixed effects and Tobit regressions in order to control for the unobserved heteroegeneity and limited range in the dependent variable. Political, economic, social and general globalisation variables are used. Six main hypotheses are investigated. The findings broadly show that middle income, English common law, oil-poor, unlandlocked, Christian-oriented and politically-stable countries are associated with comparatively higher levels of globalisation-driven inclusive human development. Puzzling findings are elucidated and policy implications discussed.

Keywords: Globalisation; Inequality; Inclusive Development; Africa

JEL Classification: E60; F40; F59; D60; O55

Suggested Citation

Asongu, Simplice and Nwachukwu, Jacinta, The Comparative Inclusive Human Development of Globalisation in Africa (March 1, 2016). Social Indicators Research. 134 (3), pp. 1027–1050 (2017). . Available at SSRN: https://ssrn.com/abstract=2846872 or http://dx.doi.org/10.2139/ssrn.2846872

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Jacinta Nwachukwu

Coventry University ( email )

Priory Street
Coventry, CV1 5FB
United Kingdom

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