Steering Sustainable Economic Growth: Entrepreneurial Ecosystem Approach

2021 ◽  
pp. 239395752110243
Author(s):  
Abdullah Promise Opute ◽  
Kalu Ibe Kalu ◽  
Ogechi Adeola ◽  
Chux Gervase Iwu
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Ecosystem Approach ◽  
The Body ◽  
Sub Saharan Africa ◽  
Future Research ◽  
Entrepreneurial Ecosystem ◽  
Sub Saharan ◽  
Critical Policy ◽  
Sustainable Economic Growth

The importance of entrepreneurship in steering sustained economic growth and improved well-being has been re-echoed over the past decade. Regrettably, the sub-Saharan Africa setting lags behind from the point of harnessing the economic development impact of entrepreneurship, and the obvious implication is ever increasing unemployment and poverty. Utilising a systematic review approach, this article draws from the body of knowledge to shed light on critical strategies towards achieving productive entrepreneurship. Specifically, we forward an entrepreneurial ecosystem framework that underlines the importance of institutional level and enterprise level attributes in achieving effective entrepreneurial ecosystem and maximising economic growth gains. We highlight strategic and pro-active initiatives for ensuring active and ambitious entrepreneurial orientation that will contribute to economic growth and create employment. Towards achieving these targets, we also flag critical policy guides, drawing attention to the facilitating role that governments can play in ensuring an effective and economic growth impacting entrepreneurial ecosystem. Directions for future research have been flag.

scholarly journals Financial Inclusion, Income Inequality and Sustainable Economic Growth in Sub-Saharan African Countries

2021 ◽  
Vol 13 (4) ◽  
pp. 1780
Author(s):  
Chima M. Menyelim ◽  
Abiola A. Babajide ◽  
Alexander E. Omankhanlen ◽  
Benjamin I. Ehikioya
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Financial Services ◽  
Sub Saharan Africa ◽  
Kuznets Curve ◽  
African Countries ◽  
Financial Access ◽  
Sub Saharan ◽  
Sustainable Economic Growth ◽  
The Impact

This study evaluates the relevance of inclusive financial access in moderating the effect of income inequality on economic growth in 48 countries in Sub-Saharan Africa (SSA) for the period 1995 to 2017. The findings using the Generalised Method of Moments (sys-GMM) technique show that inclusive financial access contributes to reducing inequality in the short run, contrary to the Kuznets curve. The result reveals a negative effect of financial access on the relationship between income inequality and economic growth. There is a positive net effect of inclusive financial access in moderating the impact of income inequality on economic growth. Given the need to achieve the Sustainable Development Targets in the sub-region, policymakers and other stakeholders of the economy must design policies and programmes that would enhance access to financial services as an essential mechanism to reduce income disparity and enhance sustainable economic growth.

scholarly journals Exploring economic structure and drivers of economic growth in Botswana

2015 ◽  
Vol 4 (4) ◽  
pp. 673-678
Author(s):  
Patricia Lindelwa Makoni
Keyword(s):  
Economic Growth ◽  
Commodity Prices ◽  
Economic Structure ◽  
Sub Saharan Africa ◽  
International Capital ◽  
Private Sector Investment ◽  
Sub Saharan ◽  
The Government ◽  
Small Economy ◽  
Sustainable Economic Growth

This article set out to analyse the economic structure and main economic drivers in Botswana. Botswana, a country in sub-Saharan Africa, is a relatively small economy, hugely dependent on its diamond mineral wealth. Concerns have arisen in recent years that the diamond deposits will soon be depleted and the country therefore needs to embark on a diversification programme to broaden its economic base. In order to understand the Botswana economy, its economic structure and current domestic sectorial performance were evaluated, as well as its trends in imports and exports. An analysis of the data shows that, regardless of the awareness of the sensitivity to external shocks of commodity prices, as well as the obvious future depletion of diamond reserves, the Botswana economy continues to rely on diamonds, at the expense of attracting international capital flows to enhance and maintain sustainable economic growth, through investments in agriculture, manufacturing and tourism. It is therefore recommended that the Government of Botswana becomes proactive and implements recommended policies to diversify its economy, so that it can sustain or improve its economic growth by becoming a prime destination of international capital and domestic private sector investment, thereby increasing employment and trade opportunities.

scholarly journals Adolescent Well-Being Gap Maps: What We Know and Opportunities for Future Research

2021 ◽  
Vol 16 (2-3) ◽  
pp. 124-158
Author(s):  
Prerna Banati ◽  
Christina Bacalso
Keyword(s):  
Youth Development ◽  
Research Policy ◽  
Emotional Health ◽  
Research Priorities ◽  
Well Being ◽  
Sub Saharan Africa ◽  
Future Research ◽  
Policy And Practice ◽  
Middle Income ◽  
Sub Saharan

Designing and delivering effective programs for adolescents and youth requires high-quality evidence that is easily available to decision makers. Yet while adolescence as a unique development period has gained policy attention in recent years, and there has been a growth in research, priorities for research investment remain unclear. This paper provides a panoramic view of adolescent development research to review what evidence exists and how evidence is mapped. Our approach interrogated studies mapped by evidence maps (including the subset evidence gap maps or EGMs). Our findings have implications for future directions of research on positive youth development (PYD) in low- and middle-income countries (LMICs): The analysis showed that while most evidence maps exist in the adolescent protection, safety, and security domain, most studies focus on outcomes related to well-being and social and emotional health. There are gaps in demographic groupings and contexts studied. For example, while gender and sex inequities were the most prevalent in the studies identified, though seen in less than 1/5 of the studies analyzed, disability appears in only 3%. Housing, participation, and information communication technologies are researched relatively rarely. Rigorous research in conflict or humanitarian settings is absent. Additionally, while most impact evaluations are conducted in sub-Saharan Africa, followed by Latin America, the Middle East and North America were poorly represented regions. This article reflects on the state of the evidence, argues for a more thoughtful approach to equity in adolescent research, and calls for a stronger link between research, policy, and practice in LMICs.

scholarly journals Macro-level drivers of multidimensional poverty in sub-Saharan Africa: Explaining change in the Human Poverty Index

2014 ◽  
Vol 2 (1) ◽  
Author(s):  
Heath Prince
Keyword(s):  
Economic Growth ◽  
Multidimensional Poverty ◽  
Well Being ◽  
Sub Saharan Africa ◽  
Poverty Index ◽  
Development Policies ◽  
Per Capita ◽  
Sub Saharan ◽  
Development Literature ◽  
The Relationship

Poverty is increasingly recognised as a multidimensional phenomenon in the development literature, encompassing not only income, but also a range of factors related to broadening an individual’s freedoms to live a life of their own choosing. Poverty so understood suggests that alternative approaches to poverty measurement reflecting this multidimensionality may point towards alternative policies for poverty alleviation. The imperative to reinforce pro-poor policy development in sub-Saharan Africa with evaluation findings that reflect improvements in well-being, rather than solely improvements in national economies, has become self-evident as, despite decades of market-led development policies, much of the subcontinent remains mired in deprivation. As recognised by the 2014 African Evaluation Association’s biannual conference, fresh thinking and new evaluation metrics are required in order to create policies that more effectively increase well-being. This article explores the factors that may account for changes in one metric of multidimensional poverty in developing countries, the United Nation Development Program’s Human Poverty Index (HPI), and will be primarily concerned with measuring the effects on the HPI of policies and activities that relate to, or are explicitly meant to encourage, economic growth, increased literacy and improved health. The study focuses on the outcomes of a panel data set, created for the purpose of this study, of HPI scores for a set of 47 sub-Saharan countries, between 1990 and 2010, and a range of indicators that the development literature and theory suggest should have an effect on income poverty, asking, what is the relationship between these indicators and multidimensional poverty? A parallel set of models has been developed to measure the response of household consumption expenditure to changes in economic growth and human capabilities indicators. All models are estimated using fixed effects estimators and cluster robust standard errors in Stata 12. Consistent with the development literature, household expenditure appears to be significantly and positively related to changes in gross domestic product (GDP) per capita. However, when the HPI is regressed on GDP per capita, no statistically significant relationshipis observed, even when controlling for a range of other indicators, calling into question the relationship between economic growth and well-being in much of sub-Saharan Africa. This finding suggests that development policies that focus primarily on economic growth as a means to addressing multidimensional deprivation may be misplaced.

scholarly journals Critical Analysis of Governance, Economic Freedom, and Human Capital Implications on Sustainable Economic Growth: Evidence from Sub-Saharan Africa

2021 ◽  
Vol 7 (08) ◽  
Author(s):  
Yusuf Ayotunde Ayodeji
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Causal Relationship ◽  
Economic Freedom ◽  
Sub Saharan Africa ◽  
Pooled Mean Group ◽  
Long Run ◽  
Short Run ◽  
Sub Saharan ◽  
Sustainable Economic Growth

In the recent time, the attention of scholars have shifted towards deeper understanding of factors that drives the achievement of sustainable economic growth, but yet factors such as governance, economic freedom, and human capital have not been exhaustively investigated, especially within the context of Sub-Saharan Africa (SSA). Thus, this study investigates the implications of governance, economic freedom, and human capital on the sustainability of economic growth in the SSA, usingpanel data that spanned between 1996 and 2018, and employed a Pooled Mean Group (PMG) estimator for the analysis. This study found governance, economic, and human capital to have a positive and significant causal relationship with economic growth in the long-run, while only economic freedom was found to have a negative and significant causal relationship with economic growth in the short-run. In addition, this study found that in case of disequilibrium, the model has a convergent speed of adjustment of about 10.8%. The study implications were discussed in the study.

scholarly journals The Impact of social infrastructures on economic growth of Sub-Saharan Africa: implications for sustainable economic growth

2019 ◽  
Vol 33 (2) ◽  
Author(s):  
Ezebuilo R Ukwueze ◽  
Oliver E Ogbonna ◽  
Ozoemena S Nwodo ◽  
Chinasa E Urama ◽  
Anthony C Ajah
Keyword(s):  
Economic Growth ◽  
Sub Saharan Africa ◽  
Sub Saharan ◽  
Sustainable Economic Growth ◽  
The Impact

Developing Countries, Economic Development, and Markets

2019 ◽  
pp. 3-8
Author(s):  
Eleanor M. Fox ◽  
Mor Bakhoum
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Poverty Line ◽  
State Ownership ◽  
Sub Saharan Africa ◽  
The People ◽  
Vested Interests ◽  
Sub Saharan ◽  
Sustainable Economic Growth

This chapter discusses economic development and markets in developing countries, with a focus on sub-Saharan Africa. Developing countries, especially lower-income developing countries with low rates of growth, share key characteristics and challenges. Huge portions of their populations live below the poverty line. The markets are generally highly concentrated with high barriers to entry, and state ownership—with privileges granted by the state—is pervasive. In order to provide the people with the necessities of life, developing countries need economic growth; in order to provide equity and spur development, they need inclusive, sustainable economic growth, consistent with equity. The chapter then describes two forms of market policy: antitrust law, which prohibits and removes restraints by market actors who engage in harmful conduct such as conspiracies to raise prices and bar entry by competitors, and surrounding restraints that are not violations of law but do the same thing: raise prices, barricade entry, and favor vested interests.

scholarly journals Mapping adolescent sexual and reproductive health research in sub-Saharan Africa: protocol for a scoping review

BMJ Open ◽  
2020 ◽  
Vol 10 (7) ◽  
pp. e035335
Author(s):  
Anthony Idowu Ajayi ◽  
Boniface Ayanbekongshie Ushie ◽  
Meggie Mwoka ◽  
Emmy Kageha Igonya ◽  
Ramatou Ouedraogo ◽  
...  
Keyword(s):  
Reproductive Health ◽  
Scoping Review ◽  
Sexual And Reproductive Health ◽  
Grey Literature ◽  
The Body ◽  
Sub Saharan Africa ◽  
Future Research ◽  
Scoping Reviews ◽  
Sub Saharan ◽  
Full Search

IntroductionPrevious studies have attempted to review the vast body of evidence on adolescent sexual and reproductive health (ASRH), but none has focused on a complete mapping and synthesis of the body of inquiry and evidence on ASRH in sub-Saharan Africa (SSA). Such a comprehensive scoping is needed, however, to offer direction to policy, programming and future research. We aim to undertake a scoping review of studies on ASRH in SSA to capture the landscape of extant research and findings and identify gaps for future research.Methods and analysisThis protocol is designed using the framework for scoping reviews developed by the Joanna Briggs Institute. We will include English and French language peer-reviewed publications and grey literature on ASRH (aged 10–19) in SSA published between January 2010 and June 2019. A three-step search strategy involving an initial search of three databases to refine the keywords, a full search of all databases and screening of references of previous review studies for relevant articles missing from our full search will be employed. We will search AJOL, JSTOR, HINARI, Scopus, Science Direct, Google Scholar and the websites for the WHO, UNICEF, UNFPA, UNESCO and Guttmacher Institute. Two reviewers will screen the titles, abstracts and full texts of publications for eligibility and inclusion—using Covidence (an online software). We will then extract relevant information from studies that meet the inclusion criteria using a tailored extraction frame and template. Extracted data will be analysed using descriptive statistics and thematic analysis. Results will be presented using tables and charts and summaries of key themes arising from available research findings.Ethics and disseminationEthical approval is not required for a scoping review as it synthesises publicly available publications. Dissemination will be through publication in a peer-review journal and presentation at relevant conferences and convening of policymakers and civil society organisations working on ASRH in SSA.

REVISITING CHINA'S DEVELOPMENTAL STATE: LESSONS FOR AFRICA

2020 ◽  
Vol 38 (1) ◽  
Author(s):  
Khwezi Mabasa ◽  
Zukiswa Mqolomba
Keyword(s):  
Economic Growth ◽  
Developmental State ◽  
Sub Saharan Africa ◽  
State Institutions ◽  
Developmental States ◽  
Power Shift ◽  
Rapid Economic Growth ◽  
Development Institutions ◽  
Sub Saharan ◽  
Sustainable Economic Growth

Prominent development institutions and researchers have documented the ascendance of China in the global political economy and mainly explored how the global balance of power is affected by China's growing economic expansion. Political economists have argued that it is part of the generic economic power shift from the global north to south whilst security studies place emphasis on Chinese national geopolitical interests in several regions. This article discusses what lessons can be drawn from China's developmental state experience and how these can inform Sub-Saharan African developmental strategies. We argue that China's rise has been driven by both market and non-market institutions and show how peculiar contextual historical and socio-political factors have been integral to building the Chinese developmental state. This demonstrates the importance of building effective state institutions to support sustainable economic growth and human development. We highlight the principles shaping institutional mechanisms relating to the rapid economic growth and argue that African governments should apply these in their attempts to rebuild state capacity. However, we also point out that negative trends such as authoritarianism and persistent inequality should not be replicated. Rather, Sub-Saharan Africa should build democratic developmental states characterised by pro-poor sustainable inclusive growth.

scholarly journals Perspectives of adolescent and young adults on poverty-related stressors: a qualitative study in Ghana, Malawi and Tanzania

BMJ Open ◽  
2019 ◽  
Vol 9 (10) ◽  
pp. e027047 ◽  
Author(s):  
Brian J Hall ◽  
Melissa R Garabiles ◽  
Jacobus de Hoop ◽  
Audrey Pereira ◽  
Leah Prencipe ◽  
...  
Keyword(s):  
Young Adults ◽  
Qualitative Study ◽  
Well Being ◽  
Sub Saharan Africa ◽  
Future Research ◽  
Gender Based Violence ◽  
Sub Saharan ◽  
Related Stress ◽  
Gender Based ◽  
Coping Behaviours

ObjectivesTo define key stressors experienced and coping behaviours within poor agrarian communities in sub-Saharan Africa.DesignDescriptive qualitative study incorporating inductive thematic analysis.Participants81 participants purposely sampled, stratified by age (adolescents and young adults) and sexSettingThe study was conducted in villages in Ghana, Malawi, and Tanzania.ResultsStressors were thematically grouped into those directly related to poverty and the lack of basic necessities (eg, food insecurity), and additional stressors (eg, drought) that worsen poverty-related stress. Impacts on functioning, health and well-being and key coping behaviours, both positive and negative, were identified. The findings together inform a more nuanced view of stress within these contexts.ConclusionAlthough participants were asked to provide general reflections about stress in their community, the salience of poverty-related stressors was ubiquitously reflected in respondents’ responses. Poverty-related stressors affect development, well-being and gender-based violence. Future research should focus on interventions to alleviate poverty-related stress to achieve the United Nations Sustainable Development Goals.

Sign in / Sign up

Export Citation Format

Share Document