Political stability as a factor affecting growth in agricultural sub-Saharan African countries
Political stability as a factor affecting growth in agricultural sub-Saharan African countries
Author(s): Katarzyna Świerczyńska, Filip Kaczmarek, Łukasz KryszakSubject(s): National Economy, Socio-Economic Research
Published by: Wydawnictwo Uniwersytetu Rzeszowskiego
Keywords: political stability; sub-Saharan Africa; agriculture; institutional economy
Summary/Abstract: The agricultural countries of sub-Saharan Africa remain the least economically advancedregion of the world, with the relatively lowest quality of life. The agricultural sector playsa particularly important role in the economies of these countries. However, it is underdeveloped asa result of factors such as inadequate agricultural policy, institutional instability, chronic droughts,epidemics, deterioration of the environment, deteriorating infrastructure and insufficient investmentin agricultural research in sub-Saharan Africa. The aim of the paper is to examine the impact ofpolitical stabilization on the economic growth in these countries. We were also inclined to determinewhat the interdependences were between political stability and factors important for agriculturalactivity for both agricultural and non-agricultural sub-Saharan counties in the 1995–2017 period.The methods used in this research included panel models with fixed effects, non-parametric testsand quantile regression. It was found that stabilizing the political situation and lowering the level ofconflict risk contributed to the growth of GDP per capita in both agricultural and non-agriculturalcountries. However, in agricultural countries, it also influenced the modernization of agriculturalproduction methods and a shift in the proportion of agricultural production in the total volume ofimports and exports. Furthermore, it was found that political stability contributed to a greater extentto the improvement of GDP per capita in the lowest income countries.
Journal: Nierówności Społeczne a Wzrost Gospodarczy
- Issue Year: 2020
- Issue No: 63
- Page Range: 160-176
- Page Count: 17
- Language: English