155
Views
1
CrossRef citations to date
0
Altmetric
Research Article

Revisiting the Role of Institutional Structures in the Relationship Between Trade Openness and Poverty Reduction in Sub-Saharan Africa

, &

References

  • Acheampong, Alex O., Isaac Appiah-Otoo, Janet Dzator, and Kwabena Koforobour Agyemang. 2021. “Remittances, Financial Development and Poverty Reduction in Sub-Saharan Africa: Implications for Post-COVID-19 Macroeconomic Policies.” Journal of Policy Modeling 43 (6): 1365–1387. https://doi.org/10.1016/j.jpolmod.2021.09.005.
  • Adela, Vincent, Samuel Kwaku Agyei, and James Atta Peprah. 2023. “Antecedents of Tax Aggressiveness of Listed Non-Financial Firms: Evidence from an Emerging Economy.” Scientific African 20:e01654. https://doi.org/10.1016/j.sciaf.2023.e01654.
  • African Union. 2015. “Agenda 2063 Report of the Commission on the African Union Agenda 2063: The Africa We Want in 2063.” African Union, Addis Ababa, Ethiopia. http://archives.au.int/handle/123456789/4631.
  • Agyei, Samuel Kwaku, and Godwin Adolf Idan. 2022. “Trade Openness, Institutions, and Inclusive Growth in Sub-Saharan Africa.” SAGE Open 12 (2): 21582440221099008. https://doi.org/10.1177/21582440221099008.
  • Agyemang, Otuo Serebour, Christopher Gbettey, John Gartchie Gatsi, and Innocent Senyo Kwasi Acquah. 2019. “Country-Level Corporate Governance and Foreign Direct Investment in Africa.” Corporate Governance the International Journal of Business in Society 19 (5): 1133–1152. https://doi.org/10.1108/CG-07-2018-0259.
  • Aikins, Enoch Randy, and Jacobus Du Toit McLachlan. 2022. “Africa is Losing the Battle Against Extreme Poverty.” ISS Today, Institute for Security Studies, July 13. https://issafrica.org/iss-today/africa-is-losing-the-battle-against-extreme-poverty#:~:text=Within%20Africa%2C%20most%20poverty%20is,36.8%25%20and%2033.8%25%20.
  • Aloui, Zouhaier. 2019. “The Impact of Governance on Poverty Reduction: Are There Regional Differences in Sub-Saharan Africa?” MPRA Paper No. 94716. Munich Personal RePEc Archive. https://mpra.ub.uni-muenchen.de/94716/1/MPRA_paper_94716.pdf.
  • Anetor, Friday Osemenshan, Ebes Esho, Grietjie Verhoef, and C. Nsiah. 2020. “The Impact of Foreign Direct Investment, Foreign Aid and Trade on Poverty Reduction: Evidence from Sub-Saharan African Countries.” Cogent Economics & Finance 8 (1): 1737347. https://doi.org/10.1080/23322039.2020.1737347.
  • Asongu, Simplice A., and Oasis Kodila-Tedika. 2018. “Institutions and Poverty: A Critical Comment Based on Evolving Currents and Debates.” Social Indicators Research 139 (1): 99–117. https://doi.org/10.1007/s11205-017-1709-y.
  • Bhatt, P. R. 2013. “Causal Relationship Between Exports, FDI and Income: The Case of Vietnam.” Applied Econometrics and International Development 13 (1): 161–176. https://www.usc.gal/economet/reviews/aeid13113.pdf.
  • Blundell, Richard, and Stephen Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–143. https://doi.org/10.1016/S0304-4076(98)00009-8.
  • Borrell-Porta, Mireia. 2012. “The Importance of Institution-Building in Free Trade Agreements.” In Europe and the Mediterranean Economy, edited by Joan Costa-Font, 3–23. United State of America and Canada: Routledge.
  • Bossman, Ahmed, Samuel Kwaku Agyei, Oliver Asiamah, Ellen Animah Agyei, Emmanuel Yaw Arhin, and Edward Marfo-Yiadom. 2022. “Dividend Policy and Performance of Listed Firms on Ghana Stock Exchange.” Cogent Economics & Finance 10 (1): 2127220. https://doi.org/10.1080/23322039.2022.2127220.
  • Coffee, Jr., John C. 2000. “Class Action Accountability: Reconciling Exit, Voice, and Loyalty in Representative Litigation.” Columbia Law Review 100 (2): 370. https://doi.org/10.2307/1123472.
  • Dada, James Temitope, and Taiwo Akinlo. 2021. “Foreign Direct Investment and Poverty Reduction in Sub-Saharan Africa: Does Environmental Degradation Matter?” Future Business Journal 7 (1): 1–10. https://doi.org/10.1186/s43093-021-00068-7.
  • Dada, James Temitope, and Oyinkansola Fanowopo. 2020. “Economic Growth and Poverty Reduction in Nigeria: The Role of Institutions.” Ilorin Journal of Economic Policy 7 (1): 1–15. https://www.ijep.org/issues/volume7issue72020/v1/Dada2020.pdf.
  • Daude, Christian, and Ernesto Stein. 2007. “The Quality of Institutions and Foreign Direct Investment.” Economics & Politics 19 (3): 317–344. https://doi.org/10.1111/j.1468-0343.2007.00318.x.
  • Ezzat, Ahmed M. 2018. “Trade Openness: An Effective Tool for Poverty Alleviation or an Instrument for Increasing Poverty Severity?” Working Paper No. 1248. The Economic Research Forum, Dokki, Giza, Egypt. https://arabdevelopmentportal.com/sites/default/files/publication/965._assessing_the_intra-arab_trade_integration_and_potential_evidence_from_stochastic_frontier_gravity_model.pdf.
  • Fambeu, Ariel Herbert. 2021. “Poverty Reduction in Sub-Saharan Africa: The Mixed Roles of Democracy and Trade Openness.” The Journal of International Trade & Economic Development 30 (8): 1244–1262. https://doi.org/10.1080/09638199.2021.1946128.
  • Farai, Manwa, Albert Wijeweera, and Michael A. Kortt. 2019. “Trade and Growth in SACU Countries: A Panel Data Analysis.” Economic Analysis and Policy 63:107–118. https://doi.org/10.1016/j.eap.2019.05.003.
  • Ferrarini, Benno, and Pasquale Scaramozzino. 2013. “Complexity, Specialization, and Growth.” ADB Economics Working Paper Series No. 344. Asian Development Bank, Manila, Philippines. https://doi.org/10.2139/ssrn.2245404.
  • Forson, Joseph Ato, Rosemary Afrakomah Opoku, Michael Owusu Appiah, Evans Kyeremeh, Ibrahim Anyass Ahmed, Ronald Addo-Quaye, Zhen Peng, et al. 2021. “Innovation, Institutions and Economic Growth in Sub-Saharan Africa – an IV Estimation of a Panel Threshold Model.” Journal of Economic and Administrative Sciences 37 (3): 291–318. https://doi.org/10.1108/JEAS-11-2019-0127.
  • Frischmann, Brett M. 2004. “An Economic Theory of Infrastructure and Commons Management.” Minnesota Law Review 89:917.
  • Grindle, Merilee S. 2004. “Good Enough Governance: Poverty Reduction and Reform in Developing Countries.” Governance 17 (4): 525–548. https://doi.org/10.1111/j.0952-1895.2004.00256.x.
  • Gurley, John G., Edward S. Shaw, and Alain C. Enthoven. 1960. Money in a Theory of Finance. Washington: Brookings.
  • Hassan, Muhammad Shahid, Samra Bukhari, and Noman Arshed. 2020. “Competitiveness, Governance and Globalization: What Matters for Poverty Alleviation?” Environment Development and Sustainability 22 (4): 3491–3518. https://doi.org/10.1007/s10668-019-00355-y.
  • Hernan, Galperin, and M. Fernanda Viecens. 2017. “Connected for Development? Theory and Evidence About the Impact of Internet Technologies on Poverty Alleviation.” Development Policy Review 35 (3): 315–336. https://doi.org/10.1111/dpr.12210.
  • Imai, Katsushi S., Raghav Gaiha, and Ganesh Thapa. 2010. “Is the Millennium Development Goal on Poverty Still Achievable? The Role of Institutions, Finance and Openness.” Oxford Development Studies 38 (3): 309–337. https://doi.org/10.1080/13600818.2010.505685.
  • Jhingan, M. Lr., 2011. The Economics of Development and Planning. Delhi: Vrinda Publications. https://www.edouniversity.edu.ng/oerrepository/articles/development_economics_-_cw_fs_20182019.pdf.
  • Kavita, Wadhwa, and Sudhakara S. Reddy. 2011. “Foreign Direct Investment into Developing Asian Countries: The Role of Market Seeking, Resource Seeking and Efficiency Seeking Factors.” International Journal of Business & Management 6 (11): 219–226. https://doi.org/10.5539/ijbm.v6n11p219.
  • Kelbore, Zerihun Getachew. 2015. “Trade Openness, Structural Transformation, and Poverty Reduction: Empirical Evidence from Africa.” MPRA Paper No. 65537. Munich Personal RePEc Archive. https://mpra.ub.uni-muenchen.de/65537/.
  • Kennedy, Peter. 2008. A Guide to Econometrics. 6th ed. Malden, MA: Blackwell Publishing Ltd.
  • Khan, M. H. 2009. “Governance, Growth, and Poverty Reduction.” In Poor Poverty: The Impoverishment of Analysis, Measurement and Policies, edited by J. K. Sundaram and A. Chowdhury, 61–86. London: Bloomsbury Academic. https://doi.org/10.5040/9781849664530.ch-003.
  • Khordagui, Nagwa, and Gehan Saleh. 2016. “Absorptive Capacity Factors That Mediate Foreign Direct Investment Spillovers: A Sector-Level Analysis from Emerging Economies.” International Journal of Business & Globalisation 16 (2): 188–201. https://doi.org/10.1504/IJBG.2016.074486.
  • Knight, Jack. 1992. Institutions and Social Conflict. Cambridge, UK: Cambridge University Press.
  • La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny. 2000. “Investor Protection and Corporate Governance.” Journal of Financial Economics 58 (1–2): 3–27. https://doi.org/10.1016/S0304-405X(00)00065-9.
  • Law, Siong Hook, and Wan Ngah Wan Azman-Saini. 2012. “Institutional Quality, Governance, and Financial Development.” Economics of Governance 13:217–236. https://doi.org/10.1007/s10101-012-0112-z.
  • Le Goff, Maëlan, and Raju Jan Singh. 2014. “Does Trade Reduce Poverty? A View from Africa.” Journal of African Trade 1 (1): 5–14. https://doi.org/10.1016/j.joat.2014.06.001.
  • Lubna, Hasan. 2011. “Rule of Law, Legal Development and Economic Growth: Perspectives for Pakistan.” Journal of Advanced Research in Law and Economics (JARLE) 2 (3): 48–59.
  • Madheu, Violet. 2020. “Determinants of financial market development: the role of institutions.” Master’s dissertation, University of South Africa, Johannesburg, South Africa.
  • Mbabazi, Jennifer, Chris Milner, and Oliver Morrissey. 2006a. “Trade Openness, Trade Costs and Growth: Why Sub-Saharan Africa Performs Poorly.” CREDIT Research Paper No. 06/08. The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT), Nottingham. https://www.econstor.eu/handle/10419/80311.
  • Mbabazi, Jennifer, Chris Milner, and Oliver Morrissey. 2006b. “Trade Openness, Trade Costs and Growth: Why Sub-Saharan Africa Performs Poorly (No. 06/08). CREDIT Research Paper. http://hdl.handle.net/10419/80311.
  • McKay, Andrew, Erik Thorbecke, A. McKay, and E. Thorbecke. 2015. Economic Growth and Poverty Reduction in Sub-Saharan Africa: Current and Emerging Issues. Oxford: Oxford University Press. https://doi.org/10.1093/acprof:oso/9780198728450.001.0001.
  • Mitra, D. 2016. “Trade Liberalization and Poverty Reduction.” IZA World of Labor 272:1–10. https://doi.org/10.15185/izawol.272.
  • Musharrat, Muna. 2011. “Does Institutional Quality Matter for Making Public Spending Effective in Reducing Poverty and Inequality in Developing Countries.” MSc International Development Studies Thesis, Registration No. 780101-592010, Wageningen University and Research Centre, Wageningen, Gelderland, Netherlands. https://edepot.wur.nl/176116.
  • North, Douglass. 1991. “Institutions.” Journal of Economic Perspectives 5 (1): 97–112. https://doi.org/10.1257/jep.5.1.97.
  • North, Douglass C. 1990. “A transaction cost theory of politics.” Journal of theoretical politics 2 (4): 355–367. https://doi.org/10.1177/0951692890002004001.
  • Nutassey, Victoria Abena, Bomi Cyril Nomlala, and Mabutho Sibanda. 2023. “Economic Institutions, Political Institutions and Public Debt in Sub-Saharan Africa.” International Journal of Emerging Markets. https://doi.org/10.1108/IJOEM-03-2023-0490.
  • Nutassey, Victoria Abena, and Siaw Frimpong. 2020. “The Role of Corruption in Financial Development-Foreign Direct Investment Nexus in Sub-Saharan African Countries.” International Journal of the Economics of Business 23 (1): 333–342.
  • Onakoya, Adegbemi, Babatunde Johnson, and Grace Ogundajo. 2019. “Poverty and Trade Liberalization: Empirical Evidence from 21 African Countries.” Economic Research-Ekonomska istraživanja 32 (1): 635–656. https://doi.org/10.1080/1331677X.2018.1561320.
  • Perera, Liyanage Devangi H., and Grace H. Y. Lee. 2013. “Have Economic Growth and Institutional Quality Contributed to Poverty and Inequality Reduction in Asia?” Journal of Asian Economics 27:71–86. https://doi.org/10.1016/j.asieco.2013.06.002.
  • Pradhan, Basanta K., and Malvika Mahesh. 2014. “Impact of Trade Openness on Poverty: A Panel Data Analysis of a Set of Developing Countries.” Economics Bulletin 34 (4): 2208–2219. https://ideas.repec.org/a/ebl/ecbull/eb-14-00590.html.
  • Rodrik, Dani, Easterly William, and O. Krueger. Anne. 1999. “Governing the Global Economy: Does One Architectural Style Fit All?” In Brookings Trade Forum, edited by S.M. Collings and R.Z. Lawrence, 105–139. Washington: Brookings Institution Press. https://www.jstor.org/stable/25063139.
  • Roe, Mark J., and Jordan I. Siegel. 2011. “Political Instability: Effects on Financial Development, Roots in the Severity of Economic Inequality.” Journal of Comparative Economics 39 (3): 279–309. https://doi.org/10.1016/j.jce.2011.02.001.
  • Sarafidis, Vasilis, Takashi Yamagata, and Donald Robertson. 2009. “A Test of Cross Section Dependence for a Linear Dynamic Panel Model with Regressors.” Journal of Econometrics 148 (2): 149–161. https://doi.org/10.1016/j.jeconom.2008.10.006.
  • Sen, Amartya. 1985. Commodities and Capabilities. Amsterdam: North-Holland.
  • Shahid, Muhammad, Mehmood Shah, Farhat Parveen, and Adiqa Kiyani. 2017. “Econometric Impact of Governance and Trade Liberalization on Poverty: A Case Study.” Pakistan Business Review 19 (3): 545–559. https://core.ac.uk/download/pdf/268591457.pdf.
  • Shen, Huayu, Fu Mengyao, Hongyu Pan, Yu Zhongfu, and Yongquan Chen. 2020. “The Impact of the COVID-19 Pandemic on Firm Performance.” Emerging Markets Finance and Trade 56 (10): 2213–2230. https://doi.org/10.1080/1540496X.2020.1785863.
  • Singh, Raju Jan, and Yifei Huang. 2015. “Financial Deepening, Property Rights, and Poverty: Evidence from Sub-Saharan Africa.” Journal of Banking and Financial Economics 1 (3): 130–151. https://doi.org/10.7172/2353-6845.jbfe.2015.1.6.
  • Smith, Adam. 2002. “An Inquiry into the Nature and Causes of the Wealth of Nations.” In Readings in Economic Sociology, edited by N.W. Biggart, 6–17. Malden, MA: Blackwell Publishers. https://doi.org/10.1002/9780470755679.ch1.
  • Smith, Adams. 1937. The Wealth of Nations: An Inquiry into the Nature and Causes. New York: Modern Library.
  • Tupy, M. L. 2005. Trade Liberalization and Poverty Reduction in Sub-Saharan Africa. Washington: Cato Institute.
  • Wadhwa, Divyanshi. 2018. “The Number of Extremely Poor People Continues to Rise in Sub-Saharan Africa.” Data Blog, World Bank, September 19. https://blogs.worldbank.org/opendata/number-extremely-poor-people-continues-rise-sub-saharan-africa.
  • Wang, Jun, and Hu. Yong. 2018. “The Impact of Trade Liberalization on Poverty Reduction in Rural China.” China Agricultural Economic Review 10 (4): 683–694. https://doi.org/10.1108/CAER-01-2018-0019.
  • Workneh, Migbaru A. 2020. “Gender Inequality, Governance, and Poverty in Sub‐Saharan Africa.” Poverty & Public Policy 12 (2): 150–174. https://doi.org/10.1002/pop4.278.
  • World Bank. 2018. Poverty and Shared Prosperity 2018: Piecing Together the Poverty Puzzle. Washington: World Bank. https://doi.org/10.1596/978-1-4648-1330-6.
  • World Bank. 2022. “In Five Charts: Understanding the Africa Country Policy and Institutional Assessment 2022 Report.” CPIA AFRICA: Assessing Africa’s Policies and Institutions. World Bank, Washington, D.C. https://www.worldbank.org/en/news/feature/2022/10/03/in-five-charts-understanding-the-africa-country-policy-and-institutional-assessment-2022-report.
  • Yameogo, Claire Emilienne Wati, and Joseph Ayoola Omojolaibi. 2021. “Trade Liberalisation, Economic Growth and Poverty Level in Sub-Saharan Africa (SSA).” Economic Research-Ekonomska Istraživanja 34 (1): 754–774. https://doi.org/10.1080/1331677X.2020.1804428.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.