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A Governance Dividend for Sub-Saharan Africa?

Author: Amine Hammadi; Marshall Mills; Nelson Sobrinho
Publisher: Washington, D. C. : International Monetary Fund, 2019.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives. It thus stands to reason that SSA countries could strengthen their economic performance by improving governance and reducing  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Hammadi, Amine
A Governance Dividend for Sub-Saharan Africa?
Washington, D. C. : International Monetary Fund,c2019
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Amine Hammadi; Marshall Mills; Nelson Sobrinho
ISBN: 9781484393475 1484393473
OCLC Number: 1085164291
Notes: Description based upon print version of record.
Description: 1 online resource (44 p.)
Contents: Cover; Contents; I. Introduction; II. Brief Literature Review; III. Stylized Facts; IV. Empirical Analysis; V. Unbundling Governance; VI. Non-Linearity; VII. Concluding Remarks; Appendix; References; FIGURES; 1. Corruption Perceptions and Governance in SSA and the World; 2. Governance and Corruption Perceptions and Level of Development; 3. Governance and Corruption Perceptions and Growth; 4. Corruption Perceptions and Fiscal Outcomes; 5. Sample Distribution of Governance and Corruption Perceptions; 6. SSA Sample Attributes; 7. Overall Effect of Governance on Growth in SSA 8. Overall Effect of Governance on Growth in SSA Controlling for Endogeneity9. Overall Effect of Governance on Growth Across Regions; 10. Overall Effect of Governance on Growth Across Country Groups; 11. Overall Effect of Governance on Growth in SSA Controlling for Other Factors; 12. Overall Effect of Governance on Growth Using 3-Year and 1-Year Averages; 13. Overall Effect of Governance and Corruption Perceptions on Growth; TABLES; 1. Correlation Between Governance and Corruption Perceptions in SSA, 1995-2015; 2. Summary of Variables and Data Sources 3. Summary Statistics of Main Variables Used in the Regressions4. Governance and Growth in SSA: OLS Regressions; 5. Governance and Growth in SSA: Baseline System GMM Regressions; 6. Alternative Measures of Governance: System GMM Regressions; 7. Governance Channels and Growth: System GMM Regressions; 8. Corruption Perceptions and Growth in SSA: System GMM Regressions; 9. Governance and Corruption Perceptions: Non-linear Models

Abstract:

Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives. It thus stands to reason that SSA countries could strengthen their economic performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating corruption in the region could be associated with large growth dividends in the long run. While the process would take considerable time and effort, moving the average SSA country governance level to the global average could increase the region's GDP per capita growth by about 1-2 percentage points.

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