Does FDI Promote Economic Growth and Development? Evidence from Latin America and Sub-Saharan Africa.

2013 ◽  
Author(s):  
Mohammed Seid Hussen
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Growth And Development ◽  
Sub Saharan Africa ◽  
Economic Growth And Development ◽  
Sub Saharan

scholarly journals Effect of Energy Consumption on GDP Evidence from (Ten) Sub-Saharan Africa Countries

2017 ◽  
Vol 3 (5) ◽  
pp. 3 ◽  
Author(s):  
Muhammad Maimuna Yakubu ◽  
Gylych Jelilov
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Energy Consumption ◽  
Growth And Development ◽  
Sub Saharan Africa ◽  
Data Set ◽  
Economic Growth And Development ◽  
Augmented Dickey Fuller ◽  
Causality Tests ◽  
Sub Saharan

<p>There is no uncertainty that Energy plays a very important part in economic growth and development of any country and increasing access to modernized systems of energy is vital to unlocking rapid economic and social development in sub Saharan Africa. Therefore, this paper has empirically examined the causality between energy and economic growth using a consistent data set and methodology for 10 sub-Saharan Africa countries for the period 1990-2012. By applying Augmented Dickey Fuller, co-integration and causality tests the study finds causality running from GDP to energy consumption in Nigeria, in Ghana causality runs from energy consumption to GDP, for Namibia causality runs from GDP to energy consumption but not vice versa and for Cote d’ivore causality runs from gross capital formation to GDP. And no evidence of causality found in Togo, Cameroon, Botswana, Ethiopia, South Africa and Benin.</p>

Democracy and Economic Growth: How Regional Context Influences Regime Effects

2006 ◽  
Vol 36 (2) ◽  
pp. 317-340 ◽  
Author(s):  
JONATHAN KRIECKHAUS
Keyword(s):  
Economic Growth ◽  
Latin America ◽  
Social Groups ◽  
Democratic Governance ◽  
Sub Saharan Africa ◽  
Sensitivity Analyses ◽  
Political Democracy ◽  
National Economic ◽  
Rapid Industrialization ◽  
Sub Saharan

There is ongoing controversy as to whether political democracy inhibits or facilitates national economic growth. It is argued here that the answer to this question depends greatly on the regional political context within which democracy functions. In regions where social groups clamour for redistribution, as in Latin America, democracy may lead to populism and poor economic performance. Similarly, in regions where state elites are generally committed to promoting rapid industrialization, as in parts of Asia, democratic pressures may impede effective economic policy. However, in regions where patrimonialism is chronic, as in Sub-Saharan Africa, democracy may provide a useful mechanism for evicting grossly corrupt politicians and may therefore facilitate higher rates of economic growth. These regional arguments are tested statistically here and show that democratic governance constrains growth in Latin America and Asia yet facilitates growth in Africa. Sensitivity analyses indicate that these findings are fairly robust.

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