Work

State capacity and growth in Sub-Saharan Africa: a dynamic panel examination of the pillars of prosperity

Year: 2025
Type: article
Abstract: This paper investigates Smith's triumvirate hypothesis that peace, easy taxes, and a tolerable administration of justice inclusively constitute what a state requires to attain the highest degree of economic prosperity. First, the paper constructed a single index of Smith's triumvirate through a principal component analysis (PCA). Then, data analysis using a two-step difference GMM technique was conducted, with results confirming the hypothesis in Sub-Saharan Africa.
Language: English
Open Access status: gold
Estimated APC paid: $1,418
OpenAlex ID: W4408057871
FWCI: 10.64
Cites: 61
Cited by: 6
Related to: 10