A Comparative Analysis of Effects of Education on Sub-Saharan Africa’s Economic Growth

This study aims to analyze and to compare the effects of various levels of education on the economic growth of some selected countries in Sub-Saharan Africa (SSA) between 1980 and 2015.It is hypothesized in the study that various levels of education have significant positive impacts on the economic growth of some selected sub-Saharan Africa countries over the stated period. Fixed effect Least Square Dummy Variable (LSDV) and a robust version of System Generalized Methods of Moment (SYSGMM) are adopted as model estimating techniques. Results from the LSDV model indicate increasing positive impacts of various levels of education on the economic growth of the thirty selected SSA countries. This trend of significance is corrected in the dynamic model, but with negative effects on the lower levels of education on growth while higher education output which negatively impacted on growth is reversed. The study systematically compares the effects of education on growth when higher education is included and when it is excluded both at the enrolment and output level in the regression model. We found different results at each instance for the various levels. Therefore, the major conclusion of this study is that higher education human capital at the output level appears to be the most significant of all the levels of education. However, this advantage enjoyed by higher education could have been as a result of cumulative effects from other levels of education over time. We, therefore, conclude that higher education should be supported with strong education policy implementation, as this could have a positive impact on SSA economic growth.

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Higher Education and Economic Growth in Africa

International Journal of African Higher Education ◽

10.6017/ijahe.v1i1.5643 ◽

2014 ◽

Vol 1 (1) ◽

Cited By ~ 26

Author(s):

David E. Bloom ◽

David Canning ◽

Kevin Chan ◽

Dara Lee Luca

Keyword(s):

Higher Education ◽

Economic Growth ◽

International Development ◽

Poverty Reduction ◽

Tertiary Education ◽

Sub Saharan Africa ◽

Public And Private ◽

Sub Saharan ◽

Développement Économique ◽

Education And Economic Growth

Enrollment rates for higher education in Sub-Saharan Africa are by far the lowest in the world at 6%. Yet because of conventional beliefs that tertiary education is less important for poverty reduction, the international development community has encouraged African governments’ relative neglect of higher education. This article challenges beliefs that tertiary education has little role in promoting economic growth and alleviating poverty. First, we review recent evidence that higher education can produce significant public and private benefits. Next, we analyze the relationship between tertiary education and economic growth. We find evidence that tertiary education improves technological catch-up and, in doing so, may help to maximize Africa’s potential to achieve more rapid economic growth given current constraints. Investing in tertiary education in Africa may accelerate technological diffusion, which would in turn decrease knowledge gaps and help reduce poverty in the region. We also review new developments and trends in the higher education scene in Africa. Le taux d’inscription dans l’enseignement supérieur en Afrique sub-saharienne est de loin le plus faible du monde, atteignant seulement 6%. Pourtant, parce que l’enseignement supérieur est perçu comme moins important que les enseignements primaire et secondaire pour lutter contre la pauvreté, la communauté internationale a encouragé les gouvernements africains à moins y prêter attention. Cet article conteste l’idée que l’enseignement supérieur joue un rôle peu important dans le développement économique et la lutte contre la pauvreté. Tout d’abord, nous nous intéressons à de récents résultats qui montrent que l’enseignement supérieur crée des bénéfices publics et privés. Ensuite, nous analysons la relation entre l’enseignement supérieur et la croissance économique. Nous montrons que l’enseignement supérieur permet de rattraper le retard technologique et, ce faisant, pourrait aider l’Afrique à maximiser sa capacité à accélérer sa croissance économique dans les conditions actuelles. Investir dans l’enseignement supérieur en Afrique pourrait permettre une diffusion plus rapide des avancées technologiques, qui pourrait à son tour réduire la disparité de savoir et participer à la réduction de la pauvreté dans la région. Nous passons aussi en revue les nouveautés et tendances dans l’enseignement supérieur africain.

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Impact of Stock Market Development on Economic Growth: Evidence from Selected Sub‑Saharan African Countries

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis ◽

10.11118/actaun201967041071 ◽

2019 ◽

Vol 67 (4) ◽

pp. 1071-1083

Author(s):

Daniel Kwabena Twerefou ◽

Emmanuel Abbey ◽

Emmanuel A. Codjoe ◽

Peter Saitoti Ngotho

Keyword(s):

Economic Growth ◽

Foreign Direct Investment ◽

Stock Market ◽

Direct Investment ◽

Positive Impact ◽

Sub Saharan Africa ◽

Market Development ◽

Stock Market Development ◽

Sub Saharan ◽

The Impact

This paper examines the impact of stock market development on economic growth in Sub‑Saharan Africa using a balanced panel data of five selected countries over the period 1993 – 2013 and the system generalised method of moments dynamic panel estimation framework. The paper finds a positive impact of stock market development proxied by the turnover ratio of domestic shares and market capitalization on economic growth though minimal. Furthermore, investment, lagged gross domestic product and human capital were found to have a significantly positive impact on growth while trade and foreign direct investment negatively impacted on growth, even though the results for foreign direct investment is not significant in all the models and consequently, not very robust. There should be policy measures aimed at enhancing economic growth using the development of the stocks market as a channel. Such policies should focus on developing the appropriate mix of taxation of investors as well as the development of requisite technology, institutional and regulatory framework that will facilitate an increase in the size and liquidity of the market in the sub‑region.

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The Impact of HIV on Economic Growth in Sub-Saharan Africa: Evidence of Spatial Externalities

SSRN Electronic Journal ◽

10.2139/ssrn.2257696 ◽

2012 ◽

Author(s):

Enrico Lovasz

Keyword(s):

Economic Growth ◽

Sub Saharan Africa ◽

Spatial Externalities ◽

Sub Saharan ◽

The Impact

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Managing African Urbanization in the Context of Environmental Change

INTERdisciplina ◽

10.22201/ceiich.24485705e.2014.2.46528 ◽

2014 ◽

Vol 2 (2) ◽

Cited By ~ 13

Author(s):

Shuaib Lwasa

Keyword(s):

Climate Change ◽

Economic Growth ◽

Social Services ◽

Urban Areas ◽

Urban Governance ◽

Sub Saharan Africa ◽

African Countries ◽

Sub Saharan ◽

Urbanization Rate ◽

Development And Management

Africa’s urbanization rate has increased steadily over the past three decades and is reported to be faster than in any other region in the world . It is estimated that by 2030, over half of the African population will be living in urban areas . But the nature of Africa’s urbanization and subsequent form of cities is yet to be critically analyzed in the context of city authorities’ readiness to address the challenges . Evidence is also suggesting that urbanization in African countries is increasingly associated with the high economic growth that has been observed in the last two decades . Both underlying and proximate drivers are responsible for the urbanization, and these include population dynamics, economic growth, legislative designation, increasing densities in rural centers, as well as the growth of mega cities such as Lagos, Cairo and Kinshasa, that are extending to form urban corridors . With the opportunities of urbanization in Sub–Saharan Africa, there are also challenges in the development and management of these cities . Those challenges include provision of social services, sustainable economic development, housing development, urban governance, spatial development guidance and environmental management, climate change adaptation, mitigation and disaster risk reduction . The challenge involves dealing with the development and infrastructure deficit, in addition to required adaption to and mitigation of climate change . This paper examines the current state of urban management in Africa .

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Beyond the Pandemic: COVID-19 Pandemic Changed the Face of Life

International Journal of Environmental Research and Public Health ◽

10.3390/ijerph18115645 ◽

2021 ◽

Vol 18 (11) ◽

pp. 5645

Author(s):

Shaden A. M. Khalifa ◽

Mahmoud M. Swilam ◽

Aida A. Abd El-Wahed ◽

Ming Du ◽

Haged H. R. El-Seedi ◽

...

Keyword(s):

Human Activities ◽

Social Life ◽

Positive Impact ◽

Mental Wellbeing ◽

Negative Effects ◽

Population Movements ◽

Social Distancing ◽

The Face ◽

The Impact ◽

Positive Impacts

The COVID-19 pandemic is a serious challenge for societies around the globe as entire populations have fallen victim to the infectious spread and have taken up social distancing. In many countries, people have had to self-isolate and to be confined to their homes for several weeks to months to prevent the spread of the virus. Social distancing measures have had both negative and positive impacts on various aspects of economies, lifestyles, education, transportation, food supply, health, social life, and mental wellbeing. On other hands, due to reduced population movements and the decline in human activities, gas emissions decreased and the ozone layer improved; this had a positive impact on Earth’s weather and environment. Overall, the COVID-19 pandemic has negative effects on human activities and positive impacts on nature. This study discusses the impact of the COVID-19 pandemic on different life aspects including the economy, social life, health, education, and the environment.

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

Sustainability ◽

10.3390/su13041780 ◽

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.

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