Moses Orshio Adasu University, Makurdi

Estimating Inclusiveness of Growth in Sub-Sahara African Countries:An ARDL Approach

Kehinde Kabir Agbatogun (Ph.D.)

Abstract

Using the poverty-growth-inequality triangle (PGIT) hypothesis as the framework, the study examined the responsiveness of poverty to growth and inequality with a view of assessing the extent of inclusiveness of growth in the selected African countries. Using a dataset from World Development Indicators (WDI) and Standardized World Income Inequality Dataset (SWIID), and International Country Risk Guide (ICRG), the study adopted Panel Autoregressive Distributed Lag (ARDL) method in its econometric analysis. Its findings show that only “On Track” African countries exhibit traits of inclusiveness of growth, as there is a positive significant impact on poverty level due to increased growth. Thus, the study recommends the need for investment in public infrastructure which will reinvigorate growth and consequently create significant employment opportunities as well as the implementation of distributional and growth-oriented macroeconomic policies under a sound and people=oriented democratic government, to trickle-down the increased growth to all in African countries.

DOWNLOAD COMPLETE ARTICLE HERE (CLICK)