Governance and Economic Growth in Selected Sub-Saharan African Countries

Abstract

The variation in economic growth among nations has brought the issue of economic growth to the forefront. Growth in an economy is key for economic development. When "the country's total earnings increase", its population benefits. Economic growth is significant because it promote the competitiveness of any nation. One of the most striking challenges of economic growth in Sub-Saharan African (SSA) countries is poor governance, decline in the living conditions of the population, with the specter of widespread hunger plaguing people's perceptions. The objective of the study is to examine the effect of governance on economic growth in the selected Sub-Saharan African (SSA) countries. The technique adopted for this study is the Panel Corrected Standard Error Method. This method was employed because it controls for heteroscedasticity. The result shows that there exist a direct relationship between control of corruption, voice and accountability, political stability and absence of violence on real gross domestic product in SSA respectively, while regulatory quality and government effectiveness has a negative effect on real gross domestic product (RGDP) respectively. The study recommends that SSA government as well as stakeholders in the region needs to improve the quality of their regulations and also endeavor to improve on their effectiveness and efficiency.