Work

Effect of Economic Growth on Well-Being in Sub-Saharan Africa: Does Institutional Quality Matter?

Year: 2025

Type: article

Abstract: This study analyzes the role of institutional quality in the relationship between economic growth and improved well-being in Sub-Saharan Africa over the period 2007-2021. This study collected data from the World Bank and Legatum Prosperity Index websites for 35 Sub-Saharan African countries. Methodologically, the study uses the generalized method of moments (GMM) in a two-stage system. The results reveal that economic growth reduces the well-being of populations, while institutional quality improves it. Furthermore, institutional quality mitigates the negative effect of economic growth on the well-being of populations. However, this effect is more pronounced in Anglo-Saxon countries than in French-speaking countries. Similarly, there are minimum thresholds of institutional quality beyond which economic growth contributes to improving the well-being of populations in Sub-Saharan Africa.

Source: International Journal of Economics and Financial Issues

DOI: 10.32479/ijefi.20921

Authors: Prao Yao Séraphin, Koffi Mounoufié Valery

Institution: Université Alassane Ouattara

Language: English

Topic: Economic Growth and Development

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDG: Decent work and economic growth

Open Access status: gold

Estimated APC paid: $300