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Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance

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  • Ofori, Isaac K.
  • Figari, Francesco

Abstract

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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  • Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    • Handle: RePEc:zbw:espost:263254
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    Cited by:

    1. Ofori, Isaac K. & Gbolonyo, Emmanuel Y. & Dossou, Marcel A. T. & Nkrumah, Richard K. & Nkansah, Emmanuel, 2023. "Towards inclusive growth in Africa: Remittances, and financial development interactive effects and thresholds," MPRA Paper 116958, University Library of Munich, Germany.
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    3. Isaac K. Ofori & Emmanuel Y. Gbolonyo & Marcel A. Toyo Dossou & Richard K. Nkrumah & Emmanuel Nkansah, 2023. "Towards inclusive growth in Africa: Remittances, and financial development interactive effects and thresholds," Working Papers of the African Governance and Development Institute. 23/024, African Governance and Development Institute..

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    More about this item

    Keywords

    Africa; Economic Globalisation; Governance; Inclusive Growth; Inclusive Green Growth; Greenhouse Gas Emissions; Sustainable Development;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F6 - International Economics - - Economic Impacts of Globalization
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • H1 - Public Economics - - Structure and Scope of Government
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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