Understanding Sub-Saharan Africa's Extreme Poverty Tragedy

International Journal of Public Administration, 42(6), pp. 457-467 (March, 2019).

21 Pages Posted: 18 Apr 2018 Last revised: 7 Mar 2019

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Sara le Roux

Oxford Brookes University - Department of Economics

Date Written: January 1, 2018

Abstract

Motivated by a recent World Bank report on achieving of Millennium Development Goals which shows that poverty has been declining in all regions of the world with the exception of sub-Saharan Africa (SSA), this study puts some empirical structure to theoretical and qualitative studies on the reconciliation of the Beijing Model with the Washington Consensus. It tests the hypothesis that compared to middle income countries, low income countries would achieve more inclusive development by focusing on economic governance as opposed to political governance. The empirical evidence is based on interactive and non-interactive fixed effects regressions and 49 countries in SSA for the period 2000-2012. The findings confirm the investigated hypothesis. As the main policy implication, in order to address inclusive development challenges in the post-2015 development agenda in SSA, it would benefit low income countries in the sub-region to prioritise economic governance. Other theoretical and practical contributions are also discussed.

Keywords: Inclusive Development; Middle Class; Governance; Sub-Saharan Africa; Beijing Model; Washington Consensus

JEL Classification: D31; I10; I32; K40; O55

Suggested Citation

Asongu, Simplice and le Roux, Sara, Understanding Sub-Saharan Africa's Extreme Poverty Tragedy (January 1, 2018). International Journal of Public Administration, 42(6), pp. 457-467 (March, 2019). . Available at SSRN: https://ssrn.com/abstract=3163309 or http://dx.doi.org/10.2139/ssrn.3163309

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Sara Le Roux

Oxford Brookes University - Department of Economics ( email )

Oxford Brookes Business School
Headington Campus
Oxford, OX3 0BP
United Kingdom

HOME PAGE: http://saraleroux.weebly.com/

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