Globalization and Inclusive Human Development in Africa

Man and the Economy, Forthcoming

African Governance and Development Institute, WP/16/049

22 Pages Posted: 16 Feb 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Jacinta Nwachukwu

Coventry University

Date Written: November 2016

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 beneficial 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.

Keywords: Globalisation; inequality; inclusive development; Africa

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

Suggested Citation

Asongu, Simplice and Nwachukwu, Jacinta, Globalization and Inclusive Human Development in Africa (November 2016). Man and the Economy, Forthcoming; African Governance and Development Institute, WP/16/049. Available at SSRN: https://ssrn.com/abstract=2918712 or http://dx.doi.org/10.2139/ssrn.2918712

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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