On the Investigation of Determinant Variables on Economic Growth Rate in Some African Countries using Panel Data Analysis Approach

On the Investigation of Determinant Variables on Economic Growth Rate in Some African Countries using Panel Data Analysis Approach

Ayoola, F. J

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Femi J. Ayoola

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Femi Adepegba

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University of Ibadan

On the Investigation of Determinant Variables on Economic Growth Rate in Some African Countries using Panel Data Analysis Approach

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Abstract

In most African Countries, increase in Gross Domestic Products (GDP) has not translated to economic growth and development. For some decades had a lot of contestson economic growth and development has been a serious issues.The focus of this study is to analysing the effects of economic determinants on economic growth rate in some African Countries by employing panel data analysis. Yearly data were used from 1990 to 2013 time period. The data was obtained from the world economic outlook database of the International Monetary Fund (IMF), for probing the effects of these variables on growth rate in some selected African countries which include: Nigeria, Algeria, Angola, Benin, Botswana, Burundi, Cape-Verde, Cameroun, Central African Republic, Chad, Republic Of Congo, Cote di’ Voire, Egypt, Equatorial-Guinea, Ethiopia, Gabon, Ghana, Guinea Bissau, Kenya, Lesotho, Madagascar, Mali, Mauritius, Morocco, Mozambique, Niger, Rwanda, Senegal, Seychelles, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, and Uganda. The effects of 6 macroeconomic variables on GDP were critically examined.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ayoola, F. J. 2015. \u201cOn the Investigation of Determinant Variables on Economic Growth Rate in Some African Countries using Panel Data Analysis Approach\u201d. Global Journal of Science Frontier Research - F: Mathematics & Decision GJSFR-F Volume 15 (GJSFR Volume 15 Issue F2).

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

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Classification

GJSFR-F Classification MSC 2010: 11D72

62H25

Submission ReceivedJanuary 5, 2015
Peer Review Double Blind
Handling Editor
Accepted February 3, 2015
Published February 14, 2015

Version of record

v1.2

Issue date

March 7, 2015

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Article Matrices

Total Score: 102

Country: Nigeria

Subject: Global Journal of Science Frontier Research - F: Mathematics & Decision

Authors: Femi J. Ayoola, Femi Adepegba (PhD/Dr. count: 0)

View Count (all-time): 187

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Total Downloads (simulated): 2129

Publish Date: 2015 03, Sat

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Total Views: 4253

Total Downloads: 2129

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