Kırılganlığın Ekonomik Büyüme Üzerindeki Etkisinin İncelenmesi: Sahra Altı Afrika'dan Yeni Görüşler

Abstract

This research examines fragility impact on Sub-Saharan Africa's economic growth from 2006 to 2019. The variables of interest for this study include economic decline, economic inequality, human flight, brain drain, external intervention, and economic growth. The research objectives are to empirically investigate the connection between fragility indices and economic growth and determine the impact of fragility indices on economic growth. The existence of cointegration was ascertained in our variable using the Westerlund cointegration test. A fully modified ordinary least squares estimation technique was adopted for the first objective, and the findings showed that only external intervention indices positively impacted economic growth. In achieving our second objective, we adopted mean group, augmented mean group, and common correlated effect mean group estimation technique and found that the coefficients of economic decline, economic inequality, and human flight and brain drain had negative impacts on economic growth. In contrast, the external intervention had a positive impact. The research study recommends that fragile countries' governments develop corrective measures to remove these indicators to ensure progressive growth. Also, state administrations must ensure that suitable policies are implemented to encourage research and development. This will limit the problem of human flight and brain drain, which are significant problems in fragile countries.