Volume 9, Number 1

Measuring Inclusive Growth in Sub-Saharan Africa from 1996 to 2019: Evidence from A Comparative Analysis

  Authors

Lennon Jambo Habeenzu, Pan African University, Cameroon

  Abstract

Since inception, the concept of inclusive growth has been defined and measured differently among scholars and policymakers. This paper measures inclusive growth in Sub-Saharan Africa (SSA) from 1996 to 2019. A principal component analysis and weighted mean approaches have been applied following the Eurasian Economic Commission, and 20 methodologies. The study findings show that the inclusive growth index is sensitive to the measurement approach used due to different sets of indicators and dimensions. However, the methodologies provide a basis for comparing country performance. In addition, in both methodologies, economic performance was found to be a significant contributor to inclusive growth. Countries with higher economic performance witnessed higher inclusive growth. From the findings, policymakers could rely on more than one measurement approach to determine inclusive growth. This will enable them develop policy measures which address various dimensions that each of the SSA countries need to robustly invest and improve.

  Keywords

Inclusive Growth, Principal Component Analysis, Weighted Mean, Sub-Saharan Africa.