SHADOW economy, financial development, and inclusive growth in Sub-Saharan Africa

IF 2.2 Q2 DEVELOPMENT STUDIES

World Development Perspectives Pub Date : 2026-09-01 Epub Date: 2026-09-08 DOI:10.1016/j.wdp.2026.100833

Godwin Adolf Idan, Samuel Kwaku Agyei, Michael Owusu Appiah

引用次数: 0

Abstract

This chapter analysed the effect of shadow economy and financial development on inclusive growth in SSA by employing a sample of 41 SSA economies from 1996 to 2018. The study employed the system GMM to estimate the model specification. The study further followed Seo et al.'s [2019] threshold estimation to assess the threshold effect of financial development in the relationship between shadow economy and inclusive growth in SSA. The results from the system GMM revealed that shadow economy and financial development positively influence inclusive growth in the sub-region. Further, financial development positively moderates the relationship between shadow economy and inclusive growth. Similarly, the results from threshold estimation revealed a nonlinear moderation role of financial development in the relationship between shadow economy and inclusive growth.

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撒哈拉以南非洲的影子经济、金融发展和包容性增长

本章以1996 - 2018年41个SSA经济体为样本，分析了影子经济和金融发展对SSA包容性增长的影响。本研究采用系统GMM来估计模型规格。本研究进一步遵循Seo等[2019]的阈值估计，评估金融发展在SSA影子经济与包容性增长关系中的阈值效应。系统GMM分析结果显示，影子经济和金融发展对次区域包容性增长具有正向影响。此外，金融发展正向调节影子经济与包容性增长的关系。同样，阈值估计的结果也揭示了金融发展在影子经济与包容性增长之间的非线性调节作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

World Development Perspectives Social Sciences-Sociology and Political Science

CiteScore

4.50

自引率

0.00%

发文量

审稿时长

84 days

期刊介绍： World Development Perspectives is a multi-disciplinary journal of international development. It seeks to explore ways of improving human well-being by examining the performance and impact of interventions designed to address issues related to: poverty alleviation, public health and malnutrition, agricultural production, natural resource governance, globalization and transnational processes, technological progress, gender and social discrimination, and participation in economic and political life. Above all, we are particularly interested in the role of historical, legal, social, economic, political, biophysical, and/or ecological contexts in shaping development processes and outcomes.