Author:
I.S. Musa,M. Mustapha,I. Mansur
Abstract
Good governance is an essential component that drives better health outcomes and education output required as a catalyst that will stimulate economic growth, and this constitutes a vital social objective due to a good level of human capital development. The study evaluated the impact of good governance on health outcomes, education output and economic growth among selected African countries using panel data from 2000 to 2020. The Panel unit root tests indicated that real gross domestic product, health outcome, and indicators of good governance are stationary at a level. In contrast, education output, education expenditure, health expenditure and foreign aid are stationary at first difference. The Generalized Method of Moment (GMM) results show that good governance indicators have positive and statistically significant effects on real gross domestic product in the selected African countries. Education expenditure has a positive and statistically significant effect on real gross domestic product in the selected African Countries. Primary school enrolment has a positive and statistically significant effect on real gross domestic product in the selected African Countries. Life expectancy has a positive and statistically significant effect on real gross domestic product in the selected African Countries. Health expenditure has a negative but statistically significant effect on real gross domestic product in the selected African Countries. Foreign aid has a positive and statistically significant effect on real gross domestic product in the selected African Countries. The study recommends that African countries should ensure an adequate supply of medical facilities at the level, minimise the incidence of insecurity challenges, and have a good standard of living to increase the life expectancy of African people. All things being equal, the economic growth will increase.
Publisher
African - British Journals
Reference42 articles.
1. Acemoglu, D. (2009). Introduction to Modern Economic Growth: Massachusetts Institute of Technology, Cambridge, USA.
2. Adams, S. & Mengistu, B. (2008). Privatisation, Governance and Economic Development in Developing Countries. Journal of Developing Societies, Vol. 24, no. 4, pp. 415–438.
3. Adams, S. & Mengistu, B. (2008). Privatisation, Governance and Economic Development in Developing Countries. Journal of Developing Societies, Vol. 24, no. 4, pp. 415–438.
4. Afolabi, J.O. (2019). The impact of governance on economic development in West Africa: a system GMM dynamic panel approach. Acta University -Danubius, 15(3), 217–231.
5. Aigjheyisi and Edore, (2015). Public procurement, governance and economic growths: some policy recommendation for Africa growth and development, International Journal of Development and Management Review, Vol. 10.