Articles
| Open Access |
INCOME INEQUALITY AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICA: AN EMPIRICAL ANALYSIS
Chinua Adeoye , Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, NigeriaAbstract
These articles investigate the relationship between income inequality and economic growth in the context of Sub-Saharan Africa (SSA). Using empirical methods and data from SSA countries, this study examines the impact of income inequality on various measures of economic growth, including gross domestic product (GDP) per capita, productivity, and human development indices. The analysis considers both the theoretical mechanisms underlying this relationship and the empirical evidence from SSA countries. The findings contribute to the understanding of the dynamics between income inequality and economic growth in the region, offering insights for policymakers and researchers.
Keywords
Income Inequality, Economic Growth, Sub-Saharan Africa
References
Acemoglu, D., & Robinson, J. A. (2001). Inequality, growth, and development. The MIT Press.
Aigbokhan, B. E. (2000). Income inequality and economic growth: Evidence from African countries. African Development Review, 12(1), 24-47.
Forbes, K. J. (2000). A reassessment of the relationship between inequality and growth. American Economic Review, 90(4), 869-887.
IMF. (2018). Regional economic outlook: Sub-Saharan Africa. International Monetary Fund.
Ostry, J. D., Berg, A., & Tsangarides, C. G. (2014). Redistribution, inequality, and growth. IMF Staff Discussion Note, SDN/14/02.
Rodrik, D. (1999). Where did all the growth go? External shocks, social conflict, and growth collapses. Journal of Economic Growth, 4(4), 385-412.
Stiglitz, J. E. (2012). The price of inequality: How today's divided society endangers our future. W. W. Norton & Company.
World Bank. (2018). World development indicators 2018. World Bank Publications.
Article Statistics
Downloads
Copyright License
Copyright (c) 2024 Chinua Adeoye
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright and Ethics:
- Authors are responsible for obtaining permission to use any copyrighted materials included in their manuscript.
- Authors are also responsible for ensuring that their research was conducted in an ethical manner and in compliance with institutional and national guidelines for the care and use of animals or human subjects.
- By submitting a manuscript to International Journal of Economics Finance & Management Science (IJEFMS), authors agree to transfer copyright to the journal if the manuscript is accepted for publication.