Governance for Inclusive Growth

Ivanyna, Maksym; Salerno, Andrea

doi:10.5089/9781513582467.001

Cited by 16 publications

(10 citation statements)

References 49 publications

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“…It measures the level of governance effectiveness in terms of control of corruption, rule of law, voice, accountability, and regulatory quality (Mutiiria et al, 2020). Ivanyna and Salerno (2021) suggest that policymakers' ability to provide inclusive growth depends on governance quality. This determines the effectiveness of the anti-corruption framework of the government machinery in making decisions in the best interests of citizens.…”

Section: A Model Specifications and Datamentioning

confidence: 99%

Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

Ajide

Osinubi

Dada

2021

Journal of Economic Integration

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An increasing number of studies are examining the relationship between entrepreneurship and growth. This relationship is controversial, especially for developing countries. Recent improvements in economic growth have led to a focus on growth inclusiveness, which spreads economic opportunities throughout a society. However, studies that focus on the role of entrepreneurship in inclusive growth remain scarce. To fill that gap, this study investigates the dynamic relationship between economic globalization, entrepreneurship, and inclusive growth in 21 African countries using panel econometrics to examine data covering 2006 to 2018. The results reveal that the impact of economic globalization and entrepreneurship on inclusive growth is positive and significant. We find that economic globalization enhances entrepreneurial development, and causality tests show that economic globalization drives inclusive growth. We also find a unidirectional causality from entrepreneurship to inclusive growth. Finally, we observe no direction of causality between economic globalization and entrepreneurship but observe a bidirectional causality between governance and entrepreneurship. We discuss the implications of these results.

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Section: A Model Specifications and Datamentioning

confidence: 99%

Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

Ajide

Osinubi

Dada

2021

Journal of Economic Integration

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“…In the remit of SES, prior contributions in Asongu and Kodila-Tedika (2016) and Doumbia (2019) also stress the relevance of prudent economic governance for business freedom and support for the private sector to take advantage of incentives such as EG to contribute to shared growth. Besides, Ivanyna and Salerno (2021) and Acemoglu and Robbinson (2019) point out that robust institutional governance is essential for sharing the gains from EG and eliminating burdensome frameworks that impede firm performance.…”

Section: Introductionmentioning

confidence: 99%

“…In the remit of SES, prior contributions in Asongu and Kodila-Tedika (2018) and Doumbia (2019) also stress the relevance of prudent economic governance for business freedom and support for the private sector to take advantage of incentives such as EG to contribute to shared growth. Besides, Ivanyna and Salerno (2021) and Acemoglu and Robinson (2019) point out that robust institutional governance is essential for sharing the gains from EG and eliminating burdensome frameworks that impede firm performance. Moreover, as Asongu and Nwachukwu (2016) and Khan (2012) argue, sound political governance is also imperative for building social cohesion and a safer business climate for attracting and sustaining foreign investors to contribute to decent work and economic growth.…”

mentioning

confidence: 99%

Economic globalisation and inclusive green growth in Africa: Contingencies and policy‐relevant thresholds of governance

Ofori

Figari

2022

Sustainable Development

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This study employs macrodata for 23 African countries to examine whether good governance interacts with economic globalisation (EG) to foster inclusive green growth (IGG). First, the study finds that EG hampers IGG in Africa. Second, although unconditionally good governance promotes IGG, only government effectiveness interacts with EG to foster IGG. Across the social and environmental sustainability dimensions of IGG, however, the effects differ substantially. Notably, while the EG-governance pathways yield remarkable environmental sustainability net gains, a modest harmful effect was observed for socioeconomic sustainability. Evidence from our threshold analyses also suggests that while government effectiveness is critical for propelling EG to promote IGG, across the social and environmental perspectives of IGG, it is investments in building frameworks and structures for corruption control and the rule of law that are crucial. Our results shed new light on IGG and have several implications for Agenda 2030 and Agenda 2063.

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“…The quality of governance plays a key role in the provision of public services and goods, and in promoting inclusiveness. As highlighted by Ivanyna and Salerno (2021), poor governance harms growth by undermining the business climate, creating distrust in institutions, and limiting revenue collection as well as distorting expenditure (see also IMF 2016;North and others 2008). Advanced economies that rank in the top quartile of the corruption index estimated by IMF (2019) collect on average 4.5 percent of GDP more in tax revenues than those in the bottom quartile.…”

Section: Empowerment In Social and Political Lifementioning

confidence: 99%

Promoting Inclusive Growth in the Middle East and North Africa

2022

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The views expressed in this book are those of the authors and do not necessarily represent the views of the IMF's Executive Directors, its management, or any of its members. The boundaries, colors, denominations, and any other information shown on the maps do not imply, on the part of the International Monetary Fund, any judgment on the legal status of any territory or any endorsement or acceptance of such boundaries. All information presented herein is accurate as of press date.

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Governance for Inclusive Growth

Cited by 16 publications

References 49 publications

Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

Economic globalisation and inclusive green growth in Africa: Contingencies and policy‐relevant thresholds of governance

Promoting Inclusive Growth in the Middle East and North Africa

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