Inclusive growth, human capital development and natural resource rent in SSA
By Ibrahim D. Raheem, Kazeem O. Isah, A. Adedeji. 2018
140 citations recorded by the source corpus.
This paper seeks to achieve two objectives. First, we argued for the increase in government expenditure on education and health to examine the possibility of achieving inclusive growth. Second, financing gap model was employed to estimate the potential growth in GDP per capita that is accruable to the economy if government use natural resource rent to finance increase in expenditure of education and health. Relying on dataset for 18 SSA countries, among the results obtained showed that both government expenditures are found to be significant for explaining growth in SSA. However, augmenting health expenditure with natural resource appears to be more significant for making growth process inclusive. Also, the results of the simulation exercise indicate that increasing government expenditure on health would increase GDP per capita growth by over 3.1 %. The policy implication of this is drawn based upon the results obtained.
Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law
View Paper: https://www.semanticscholar.org/paper/926681db25fee592c1f17515343c77c732c72f6b
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In Economics and Econometrics
- E. Achuo
- Tii N. Nchofoung
- Simplice A. Asongu
- Vanessa S. Tchamyou
- Jacinta C. Nwachukwu
- Nicholas M. Odhiambo
In Management, Monitoring, Policy and Law
Citations in the corpus
- Resource rents and inclusive human development in developing countries (2021, background): “…attain sustainable development must consider the social dimension with regard to enhancements in human capital through quality health and education (Raheem et al., 2018; Ogundari and Awokuse, 2018; Jayadevan, 2021) as well as ensuring environmental sustainability (Asongu et al., 2016; Sarkodie et…”