INSTITUTIONAL SYSTEMS AND QUALITY OF LIFE IN SUB-SAHARAN AFRICA

Peter Tobi Awe¹ & Abdulganiyu Idris Abdulrahman^2*

¹PG student, Department of Economics, Faculty of Social Sciences, University of Ilorin, Ilorin, Nigeria
²Department of Economics, Faculty of Social Sciences, University of Ilorin, Ilorin, Nigeria

*Corresponding author’s email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract

This study examined the impact of institutional systems drawn from economic and political institutions on the quality of life in Sub-Saharan Africa. A panel data of thirty-seven Sub-Saharan African countries over the period 2007 to 2021 sourced from the World Bank database and Heritage Foundation. A two-step system-Generalised Method of Movement (GMM) technique was employed to estimate the model. The Sargan test for over-identification restriction and the Arellano-Bond test for second-order serial correlation were conducted. The study reveals that there is a positive relationship between the institutional systems and the quality of life in Sub-Saharan Africa. The study concluded that, for the quality of life in Sub-Saharan Africa to improve, the government in Sub-Saharan Africa should implement laws and policies that will strengthen the existing institutions to improve the quality of life of the people.

Keywords:  Political institution, Economic institution, Quality of life, Sub-Saharan Africa

INSTITUTIONAL SYSTEMS AND QUALITY OF LIFE IN SUB-SAHARAN AFRICA