The Impact Private Investments On Economic Growth In Sub Sahara Africa: Is Corruption A Factor? (2002-2020)
- Author
- MULILIMA SHARON VIMBAINASHE
- Title
- The Impact Private Investments On Economic Growth In Sub Sahara Africa: Is Corruption A Factor? (2002-2020)
- Abstract
- This study investigates the relationship between private investments, economic growth, and corruption in Sub-Saharan Africa (SSA). The study utilizes panel data from 30 SSA countries spanning the period from 2002 to 2020. Panel regression models, including fixed and random effects models, are employed to analyse the data. The empirical findings demonstrate a positive impact of private investments on GDP growth in SSA countries. The results indicate that increased private investments contribute to higher economic growth rates in the region. However, the study also reveals that corruption plays a significant role in shaping the relationship between private investments and economic growth. The analysis suggests that corruption negatively affects the relationship between private investments and economic growth in Sub-Saharan Africa. This finding implies that the presence of corruption undermines the positive effects of private investments on GDP growth. The study highlights the importance of addressing corruption as a critical factor that hampers the potential benefits of private investments in SSA countries. These findings have important implications for policymakers and stakeholders in Sub-Saharan Africa. Efforts to promote economic growth through private investments need to be accompanied by effective anti-corruption measures. Addressing corruption and improving governance can create an environment conducive to attracting more private investments and unlocking the region's economic potential.
- Date
- 2024
- Publisher
- BUSE
- Keywords
- Private Investments
- Economic Growth
- Supervisor
- Dr. Kairiza
- Item sets
- Department of Economics
