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The purpose of this study is to assess how some governance dynamics, such as political stability and the rule of law, moderate the incidence of some macroeconomic factors (i.e., domestic investment and trade openness) on tourism development. The focus of this study is on 47 countries in sub‐Saharan Africa with data from 2002 to 2018, and the Generalized Method of Moments is employed as the empirical strategy. From the findings, synergy effects are apparent in the role of the rule of law in moderating domestic investment for tourism development in terms of tourism receipts. It follows that, for the sampled countries, promoting tourism development can be most effective if policies for enhancing domestic investment and promoting the rule of law are implemented simultaneously. [ABSTRACT FROM AUTHOR]

In this study, nexuses between governance and trade performance in terms of natural resource rents are assessed in 44 Sub‐Saharan African countries. The empirical evidence is based on Tobit regressions. The findings show that political governance (entailing "voice and accountability" and political stability) and institutional governance (consisting of the rule of law and corruption control) have a negative effect on trade performance. The findings are consistent with the perspective that resource rents are linked to inefficiencies in governance which are further detrimental to trade performance within the remit of natural resource rents on the one hand and, on the other, the premise of the prevailing weak institutions in the region less likely to boost trade performance. [ABSTRACT FROM AUTHOR]

This study examines the nexus between governance and human development in Africa. It uses data for the period 2010–2019 and takes into account the existence of spatial dependence and controls for the endogeneity problem through a Generalized Spatial Two Stage Least Squares (2SLS) technique. The exploratory spatial data analysis reveals the existence of spatial dependence on human development and governance quality. Our empirical findings support that in Africa, "good fences make good neighbors," or proximity matters in the distribution of human development. Implications are discussed. This study complements the extant literature by using more updated data and employing an alternative and more robust estimation approach. [ABSTRACT FROM AUTHOR]

This paper investigates the role of institutional infrastructures in the financial inclusion‐growth nexus for a panel of 20 countries in sub‐Sahara Africa (SSA). Employing the System Generalized Method of Moments (GMM), the following insightful outcomes are established. First, while there is an unrestricted positive impact of physical access to ATMs and ICT measures of financial inclusion on SSA's growth, only the former was found significant. Second, the four institutional components via economic, political, institutional and general governances were also found to be growth‐spurring. Lastly, countries with low levels of real per capita income are catching=up with other countries with high levels of real income per capita. The empirical evidence of some negative net effects and insignificant marginal impacts are indications that imperfections in the financial markets are sometimes employed to the disadvantage of the poor. On the whole, we established positive effects on growth for the most part. The positive effects are evident because the governance indicators complement financial inclusion in reducing pecuniary constraints hindering credit access and allocation to the poor that deteriorate growth. [ABSTRACT FROM AUTHOR]

This paper examines the nexus between governance and education quality in a panel of 49 sub‐Saharan African countries over the 2000–2012 period. Ordinary least squares (OLS) and quantile regression (QR) are employed as estimation strategies. The following findings are established. First, from the OLS, governance variables are negatively correlated with poor education quality. Second, with regards to QR, about half of the governance dynamics are not significantly correlated with poor education quality in the lowest quantile of poor education quality. With the exception of corruption control, the other governance dynamics are negatively correlated with poor education quality in a non‐monotonic pattern. [ABSTRACT FROM AUTHOR]

This research examines the relevance of inclusive development in modulating the role of governance on environmental degradation. The study focuses on 44 countries in sub‐Saharan Africa for the period 2000–2012. The generalised method of moments is employed as the empirical strategy, and CO2 emissions per capita is used to measure environmental pollution. Bundled and unbundled governance dynamics are employed, notably political governance (consisting of political stability/no violence and "voice and accountability"), economic governance (encompassing government effectiveness and regulation quality), institutional governance (entailing corruption‐control and the rule of law), and general governance (a composite measure of political governance, economic governance, and institutional governance). The following main findings are established. First, the underlying net effect in the moderating role of inclusive development in the governance‐CO2 emissions nexus is not significant in regressions pertaining to political governance and economic governance. Second, there are positive net effects from the relevance of inclusive development in modulating the effects of regulation quality, economic governance, and general governance on CO2 emissions. The significant and insignificant effects are elucidated. Policy implications are discussed. [ABSTRACT FROM AUTHOR]