Abstract
We study the link between university rankings and economic growth in Sub Saharan African Countries (SSA)? By applying the panel data analysis method and the system GMM technique used on a sample of 43 SSA countries during the period 1996-2015. Our results indicate that academic research exerts a positive and significant effect on the level of economic growth for both fixed and random effect. However, this relation seems to be insignificant when we run GMM in system regression. Also, findings show that domestic investment (INVES) and gross domestic savings (GDSAV) are considered as key factors for boosting economic growth in the SSA region. Contrary, the effect of foreign direct investment (FDI) is positive but not significant for fixed and random effect regressions.
Highlights
We study the link between university rankings and economic growth in Sub Saharan African Countries (SSA) by applying the panel data analysis method and the system GMM technique used on a sample of 43 SSA countries during the period 19962015
Motivated by the necessity to increase the level of growth in the African continent and to benefit from the results of academic research, this paper aims to test the linkage between academic research and economic growth in
What is happening? Why does research output not contribute to enhance economic growth? It is a question of the quality of the research
Summary
We study the link between university rankings and economic growth in Sub Saharan African Countries (SSA) by applying the panel data analysis method and the system GMM technique used on a sample of 43 SSA countries during the period 19962015. Our results indicate that academic research exerts a positive and significant effect on the level of economic growth for both fixed and random effect. This relation seems to be insignificant when we run GMM in system regression. Nuestros resultados indican que la investigación académica ejerce un efecto significativo y positivo sobre el nivel de crecimiento económico tanto para los efectos fijos como para los aleatorios. Los resultados muestran que la inversión doméstica (INVES) y los ahorros domésticos brutos (GDSAV) se consideran factores clave para el crecimiento económico en la región. Palabras clave: resultados de la investigación, cuantitativo y cualitativo, crecimiento económico, datos de panel de países de SSA, GMM en sistema. The role of human capital is discussed in Nelson and Phelps (1966), and further confirmed in the model of endogenous growth found in Romer (1986, 1990), Lucas (1988), and Becker et al (1990)
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