Abstract
In the last 15 years, countries in West Africa have had reasonable growth rates averaging about 5 %; growth has been propelled by high prices of commodity exports. The paper examined whether growth has resulted in economic development of the sub-region. The lack of consistent data on relevant economic and social variables such as unemployment, primary and secondary school completion rates prevent a robust analysis of the growth—development nexus. Nonetheless, panel regression results show that public investment and democracy are positively related to economic development while lack of access to sanitation and water reveal a negative relationship to development. In addition, stylized facts show that marginal gains were achieved as regards development indicators. It is important that leaders, policy-makers and technocrats implement policies and programmes that stress sustained growth and inclusive development.
Revised paper presented at the Annual Conference on Regional Integration in Africa (ACGRIA5), organized by CREPOL, July 1–2, 2013, Praia, Cape Verde. The paper has benefited from the comments of participants during the conference and by the discussant, Dr. Korsu. However, the usual disclaimer applies.
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Notes
- 1.
The section draws from: Jones (2002).
- 2.
Attempts on examining precise relationships between the growth and the independent variables through regression did not yield meaningful results. However, some of the results are discussed below.
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Ekpo, A.H. (2016). Growth Without Development in West Africa: Is It a Paradox?. In: Seck, D. (eds) Accelerated Economic Growth in West Africa. Advances in African Economic, Social and Political Development. Springer, Cham. https://doi.org/10.1007/978-3-319-16826-5_3
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DOI: https://doi.org/10.1007/978-3-319-16826-5_3
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-16825-8
Online ISBN: 978-3-319-16826-5
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