Articles | Open Access | Vol. 3 No. 06 (2023): Volume 03 Issue 06 | DOI: https://doi.org/10.37547/marketing-fmmej-03-06-02

THE GROWTH EFFECT OF INCOME INEQUALITY IN SUB-SAHARAN AFRICA: EXPLORING THE TRANSMISSION CHANNELS

Ibrahim Abidemi Akinlo , Department of Economics, Olabisi Onabanjo University, P.M.B. 2002, Ago-Iwoye, Nigeria

Abstract

This article examines the relationship between income inequality and economic growth in Sub-Saharan Africa, with a specific focus on exploring the transmission channels through which income inequality affects growth. Despite the region's economic progress, income inequality remains a persistent challenge, and its impact on growth has significant implications for sustainable development. By analyzing empirical evidence and employing econometric techniques, this study sheds light on the complex dynamics between income inequality and economic growth in Sub-Saharan Africa. The findings provide insights into the transmission channels through which income inequality influences growth and highlight the importance of addressing income inequality as part of a comprehensive development agenda.

Keywords

Income inequality, economic growth, Sub-Saharan Africa

References

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IMF. (2018). Regional economic outlook: Sub-Saharan Africa. International Monetary Fund.

Ostry, J. D., Berg, A., & Tsangarides, C. G. (2014). Redistribution, inequality, and growth. IMF Staff Discussion Note, SDN/14/02.

Rodrik, D. (1999). Where did all the growth go? External shocks, social conflict, and growth collapses. Journal of Economic Growth, 4(4), 385-412.

Stiglitz, J. E. (2012). The price of inequality: How today's divided society endangers our future. W. W. Norton & Company.

World Bank. (2018). World development indicators 2018. World Bank Publications.

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How to Cite

Ibrahim Abidemi Akinlo. (2023). THE GROWTH EFFECT OF INCOME INEQUALITY IN SUB-SAHARAN AFRICA: EXPLORING THE TRANSMISSION CHANNELS. Frontline Marketing, Management and Economics Journal, 3(06), 07–11. https://doi.org/10.37547/marketing-fmmej-03-06-02