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
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
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