Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191335
Authors: 
Asongu, Simplice
Le Roux, Sara
Year of Publication: 
2018
Series/Report no.: 
AGDI Working Paper WP/18/012
Abstract: 
Motivated by a recent World Bank report on achieving of Millennium Development Goals which shows that poverty has been declining in all regions of the world with the exception of sub-Saharan Africa (SSA), this study puts some empirical structure to theoretical and qualitative studies on the reconciliation of the Beijing Model with the Washington Consensus. It tests the hypothesis that compared to middle income countries, low income countries would achieve more inclusive development by focusing on economic governance as opposed to political governance. The empirical evidence is based on interactive and non-interactive fixed effects regressions and 49 countries in SSA for the period 2000-2012. The findings confirm the investigated hypothesis. As the main policy implication, in order to address inclusive development challenges in the post-2015 development agenda in SSA, it would benefit low income countries in the sub-region to prioritise economic governance. Other theoretical and practical contributions are also discussed.
Subjects: 
Inclusive development
Middle Class
Governance
Sub-Saharan Africa
Beijing Model
Washington Consensus
JEL: 
D31
I10
I32
K40
O55
Document Type: 
Working Paper
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