The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries

Ferede Mengistie Alemeu

doi:doi:10.11648/j.jwer.20221101.12

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The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries

Ferede Mengistie Alemeu

Published in Journal of World Economic Research (Volume 11, Issue 1)

Received: 24 November 2021 Accepted: 25 January 2022 Published: 9 February 2022

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Abstract

Economic Growth rate in Sub Saharan Africa has been unimpressive as compared to other developing regions like East Asian. This unstable economic growth exists in Africa compel from deprived political institution and unskilled human capital. To conduct this study panel data from 2005-2017 with Arellano-Bond dynamic panel data two step estimation technique has been used. The study attempted to answer the research questions such as examining the effect of political institution indicators and human capital indicators on economic growth of Sub- Saharan African countries. Results convey that the variables like foreign direct investment, gross fixed capital formation, GDP and per capital, secondary school attainment, political stability &absence of violence and voice & accountability are statistically significant and positively affiliated with GDP growth rate in Sub-Saharan African countries. The result concludes that, human capital and good governance have a positive effect on economic growth. Given the results, governments of Sub-Saharan African countries ought to be;-formulate sound institutions that enable to increase the extent of stability via dispelling violence, anarchy, and related problems which abolished human’s life; should promote degree of respecting the right of a country' citizens to participate in voice of their government, freedom of expression, freedom of association, and a free media, and finally formulating strategies that enable to increase the education level of peoples.

Published in	Journal of World Economic Research (Volume 11, Issue 1)
DOI	10.11648/j.jwer.20221101.12
Page(s)	11-18
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Economic Growth, Human Capital, Political Institution, Arellano-Bond Dynamic Panel Model, Sub-Saharan African Countries

References

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Ferede Mengistie Alemeu. (2022). The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. Journal of World Economic Research, 11(1), 11-18. https://doi.org/10.11648/j.jwer.20221101.12

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Ferede Mengistie Alemeu. The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. J. World Econ. Res. 2022, 11(1), 11-18. doi: 10.11648/j.jwer.20221101.12

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AMA Style

Ferede Mengistie Alemeu. The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. J World Econ Res. 2022;11(1):11-18. doi: 10.11648/j.jwer.20221101.12

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@article{10.11648/j.jwer.20221101.12,
  author = {Ferede Mengistie Alemeu},
  title = {The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries},
  journal = {Journal of World Economic Research},
  volume = {11},
  number = {1},
  pages = {11-18},
  doi = {10.11648/j.jwer.20221101.12},
  url = {https://doi.org/10.11648/j.jwer.20221101.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20221101.12},
  abstract = {Economic Growth rate in Sub Saharan Africa has been unimpressive as compared to other developing regions like East Asian. This unstable economic growth exists in Africa compel from deprived political institution and unskilled human capital. To conduct this study panel data from 2005-2017 with Arellano-Bond dynamic panel data two step estimation technique has been used. The study attempted to answer the research questions such as examining the effect of political institution indicators and human capital indicators on economic growth of Sub- Saharan African countries. Results convey that the variables like foreign direct investment, gross fixed capital formation, GDP and per capital, secondary school attainment, political stability &absence of violence and voice & accountability are statistically significant and positively affiliated with GDP growth rate in Sub-Saharan African countries. The result concludes that, human capital and good governance have a positive effect on economic growth. Given the results, governments of Sub-Saharan African countries ought to be;-formulate sound institutions that enable to increase the extent of stability via dispelling violence, anarchy, and related problems which abolished human’s life; should promote degree of respecting the right of a country' citizens to participate in voice of their government, freedom of expression, freedom of association, and a free media, and finally formulating strategies that enable to increase the education level of peoples.},
 year = {2022}
}

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TY  - JOUR
T1  - The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries
AU  - Ferede Mengistie Alemeu
Y1  - 2022/02/09
PY  - 2022
N1  - https://doi.org/10.11648/j.jwer.20221101.12
DO  - 10.11648/j.jwer.20221101.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 11
EP  - 18
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20221101.12
AB  - Economic Growth rate in Sub Saharan Africa has been unimpressive as compared to other developing regions like East Asian. This unstable economic growth exists in Africa compel from deprived political institution and unskilled human capital. To conduct this study panel data from 2005-2017 with Arellano-Bond dynamic panel data two step estimation technique has been used. The study attempted to answer the research questions such as examining the effect of political institution indicators and human capital indicators on economic growth of Sub- Saharan African countries. Results convey that the variables like foreign direct investment, gross fixed capital formation, GDP and per capital, secondary school attainment, political stability &absence of violence and voice & accountability are statistically significant and positively affiliated with GDP growth rate in Sub-Saharan African countries. The result concludes that, human capital and good governance have a positive effect on economic growth. Given the results, governments of Sub-Saharan African countries ought to be;-formulate sound institutions that enable to increase the extent of stability via dispelling violence, anarchy, and related problems which abolished human’s life; should promote degree of respecting the right of a country' citizens to participate in voice of their government, freedom of expression, freedom of association, and a free media, and finally formulating strategies that enable to increase the education level of peoples.
VL  - 11
IS  - 1
ER  -

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Author Information

Ferede Mengistie Alemeu

Department of Economics, College of Business and Economics, Debre Tabor University, Debre Tabor, Ethiopia

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APA Style

Ferede Mengistie Alemeu. (2022). The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. Journal of World Economic Research, 11(1), 11-18. https://doi.org/10.11648/j.jwer.20221101.12

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ACS Style

Ferede Mengistie Alemeu. The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. J. World Econ. Res. 2022, 11(1), 11-18. doi: 10.11648/j.jwer.20221101.12

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AMA Style

Ferede Mengistie Alemeu. The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries. J World Econ Res. 2022;11(1):11-18. doi: 10.11648/j.jwer.20221101.12

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@article{10.11648/j.jwer.20221101.12,
  author = {Ferede Mengistie Alemeu},
  title = {The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries},
  journal = {Journal of World Economic Research},
  volume = {11},
  number = {1},
  pages = {11-18},
  doi = {10.11648/j.jwer.20221101.12},
  url = {https://doi.org/10.11648/j.jwer.20221101.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20221101.12},
  abstract = {Economic Growth rate in Sub Saharan Africa has been unimpressive as compared to other developing regions like East Asian. This unstable economic growth exists in Africa compel from deprived political institution and unskilled human capital. To conduct this study panel data from 2005-2017 with Arellano-Bond dynamic panel data two step estimation technique has been used. The study attempted to answer the research questions such as examining the effect of political institution indicators and human capital indicators on economic growth of Sub- Saharan African countries. Results convey that the variables like foreign direct investment, gross fixed capital formation, GDP and per capital, secondary school attainment, political stability &absence of violence and voice & accountability are statistically significant and positively affiliated with GDP growth rate in Sub-Saharan African countries. The result concludes that, human capital and good governance have a positive effect on economic growth. Given the results, governments of Sub-Saharan African countries ought to be;-formulate sound institutions that enable to increase the extent of stability via dispelling violence, anarchy, and related problems which abolished human’s life; should promote degree of respecting the right of a country' citizens to participate in voice of their government, freedom of expression, freedom of association, and a free media, and finally formulating strategies that enable to increase the education level of peoples.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Effect of Political Institution and Human Capital on Economic Growth of Sub Saharan African Countries
AU  - Ferede Mengistie Alemeu
Y1  - 2022/02/09
PY  - 2022
N1  - https://doi.org/10.11648/j.jwer.20221101.12
DO  - 10.11648/j.jwer.20221101.12
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 11
EP  - 18
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20221101.12
AB  - Economic Growth rate in Sub Saharan Africa has been unimpressive as compared to other developing regions like East Asian. This unstable economic growth exists in Africa compel from deprived political institution and unskilled human capital. To conduct this study panel data from 2005-2017 with Arellano-Bond dynamic panel data two step estimation technique has been used. The study attempted to answer the research questions such as examining the effect of political institution indicators and human capital indicators on economic growth of Sub- Saharan African countries. Results convey that the variables like foreign direct investment, gross fixed capital formation, GDP and per capital, secondary school attainment, political stability &absence of violence and voice & accountability are statistically significant and positively affiliated with GDP growth rate in Sub-Saharan African countries. The result concludes that, human capital and good governance have a positive effect on economic growth. Given the results, governments of Sub-Saharan African countries ought to be;-formulate sound institutions that enable to increase the extent of stability via dispelling violence, anarchy, and related problems which abolished human’s life; should promote degree of respecting the right of a country' citizens to participate in voice of their government, freedom of expression, freedom of association, and a free media, and finally formulating strategies that enable to increase the education level of peoples.
VL  - 11
IS  - 1
ER  -

Copy | Download