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Analyzing Economic Growth and Its impact on Poverty Reduction in Africa Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah

Analyzing Economic Growth and Its impact on Poverty Reduction in Africa

Author (s)

Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah

Abstract

­This study currently examines some economic growth variables that interact to reduce poverty in West, East, South, Central, and North African.  The review uses panel data from 1998 to 2017 based on the unit root, co-integration, fully modified ordinarily least squares (FMOLS), and granger causality to effect estimations. The study examines the association between these variables of economic Growth received and how they affect poverty. The results find economic growth promotes certain aspects of poverty reduction with the size of population and employment has been a significant factor. The granger result shows the uniqueness of the variables with bi-direction running between gross domestic product and poverty, gross capital formation and broad money, population, and broad money, and population and poverty do not Granger cause each other in the long run.  It was in-line with most studies by other researchers that state these main variables has been very significant when it comes to poverty reduction in most developed countries. The study emphasized that, in the contest of Africa, these main variables helps to reduce poverty but at a minimal level.

 Keywords: Economic Growth, Poverty reduction, Population, Employment, Africa.

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Title: Analyzing Economic Growth and Its impact on Poverty Reduction in Africa
Author: Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4277360
Media: Online
Volume: 4
Issue: 12
Acceptance Date: 15/11/2020
Date of Publication: 17/11/2020
PDF URL: https://ijsab.com/wp-content/uploads/628.pdf
Free download: Available
Page: 93-105
First Page: 93
Last Page: 105
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Benjamin Korankye, Xuezhou Wen, Appiah Michael & Easmond Baah-Nketiah (2020). Analyzing Economic Growth and Its impact on Poverty Reduction in Africa. International Journal of Science and Business, 4(12), 93-105. doi: https://doi.org/10.5281/zenodo.4277360

Retrieved from https://ijsab.com/wp-content/uploads/628.pdf

 

About Author (s)

Benjamin Korankye (corresponding author), School of Management, Jiangsu University, Zhenjiang 212013, China. Email:benjamin.korankye@yahoo.com

Xuezhou Wen (corresponding author), School of Business, Jiangnan University, Wuxi 214122, China. Email: xzhwen@jiangnan.edu.cn

Michael Appiah, School of Finance Jiangsu University, Zhenjiang 212013, China.

Easmond Baah-Nketiah, School of Finance Jiangsu University, Zhenjiang 212013, China.

 

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DOI: https://doi.org/10.5281/zenodo.4277360

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Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis

Author (s)

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Abstract

Many African countries are still being faced with basic welfare issues such as hunger and extreme poverty, sparking debates among researchers and policy makers on whether the continent can endogenously leverage its agricultural potentials to address these challenges. To contribute to these debates, this study employs a panel data spanning 26 year (1990-2015) and including 13 ECOWAS countries to analyze the impact of production factors on agricultural productivity and examine the question of whether and how agriculture can serve as a tool for growth and poverty alleviation in the region. By linearizing the Cobb-Douglas production function and using fixed effects (FE) with country dummies, we find positive and significant relationship between lands cultivated, physical and financial capitals, as opposed to labor employed on agricultural productivity. Next, by using 2SLS/IV and GMM/IV methods, we show that agricultural productivity can be a pro-growth and counter-poverty tool. Furthermore we find that non-agricultural productivity interacts significantly with agricultural productivity and that agricultural productivity gap (APG) decreases both growth and poverty index. Following these results, we chart the transmission mechanisms for policy makers that will allow them to understand the linkages and pathways through which agricultural productivity affects the entire economy.

Key words: Agricultural productivity, agricultural productivity gap (APG), production factors, economic growth, poverty reduction, ECOWAS, SSA, Africa.

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Title: Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis
Author:

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo

Journal Name: Journal of Scientific Reports
Website: https://ijsab.com/jsr
Publisher IJSAB-International
DOI: https://doi.org/10.5281/zenodo.3935367
Media: Online
Volume: 2
Issue: 1
Acceptance Date: 07/07/2020
Date of Publication: 08/07/2020
PDF URL: https://ijsab.com/wp-content/uploads/1013.pdf
Free download: Available
Page: 97-125
First Page: 97
Last Page: 125
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Mouayadi Said Ali Madi, Jiong Gong, & Kokou Wotodjo Tozo (2020). Impact of Agricultural Productivity on Economic Growth and Poverty Alleviation in ECOWAS Countries: An Empirical Analysis. Journal of Scientific Reports, 2(1), 97-125. doi: https://doi.org/10.5281/zenodo.3935367

Retrieved from https://ijsab.com/wp-content/uploads/1013.pdf

 

About Author (s)

Mouayadi Said Ali Madi, PhD, Industrial Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

Jiong Gong, Professor of Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

Kokou Wotodjo Tozo (Corresponding Author), PhD, International Economics, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing-China.

 

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DOI: https://doi.org/10.5281/zenodo.3935367