Does Globalization Promote Good Governance in Africa? An Empirical Study Across 51 Countries

World Affairs, 180(2), pp. 105–141(October, 2017).

32 Pages Posted: 19 Jul 2017 Last revised: 11 Oct 2017

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: January 13, 2017

Abstract

This study investigates the effect of globalisation on governance in 51 African countries for the period 1996-2011. Four bundled governance indicators and four globalisation (political, economic, social and general) variables are used. The empirical evidence is based on Instrumental Variable Quantile Regressions. The motivation for the estimation technique is that blanket governance-globalisation policies are not likely to succeed unless they are contingent on initial levels of governance and tailored differently across countries with low, intermediate and high levels of governance. The following findings are established. First, globalisation promotes good governance. Second, for the most part, the effect of globalisation is higher in terms of magnitude in the bottom quantiles of the political, institutional and general governance distributions. Third, the impact of globalisation is overwhelmingly higher in terms of magnitude in the top quantiles of the economic governance distribution.

Keywords: Africa; Governance; Globalization

JEL Classification: F10; F30; I30; O10; O55

Suggested Citation

Asongu, Simplice, Does Globalization Promote Good Governance in Africa? An Empirical Study Across 51 Countries (January 13, 2017). World Affairs, 180(2), pp. 105–141(October, 2017). . Available at SSRN: https://ssrn.com/abstract=3002185 or http://dx.doi.org/10.2139/ssrn.3002185

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
16
Abstract Views
160
PlumX Metrics