ASSESSING GOVERNANCE PERFORMANCE IN AFRICAN COUNTRIES IN THE 21st CENTURY
- Oluwole Owoye
- Olugbenga A. Onafowora
- ( paper pages. 157-190 )
Abstract
In this paper, a
governance performance framework was developed to evaluate how effective or
ineffective African countries were in terms of governance in the first two
decades of the 21st century. We utilized the World Bank’s scores for the six
governance indicators to construct a unique K-shaped governance performance
curve in which the upward sloping segment depicts functionally effective
governance performance, and the downward sloping segment depicts functionally
ineffective governance performance. Using the difference-in-difference estimator
to assess each country’s transition in the governance performance pathway, the results
show that very few African countries experienced minor improvements in
transition while governance performance worsened and/or remained unchanged in
an overwhelming majority of African countries. The results indicate the need
for African leaders and policymakers to focus
on rebuilding and strengthening their political, economic, and social
institutions, which are fundamental for achieving successful transition into the
functionally effective governance performance pathway needed to achieve their Agenda
2063.
Citation
Oluwole Owoye, Olugbenga A. Onafowora.
2023.
"ASSESSING GOVERNANCE PERFORMANCE IN AFRICAN COUNTRIES IN THE 21st CENTURY"
The Nigerian Journal of Economic and Social Studies,
65 (1): 157-190.
JEL Classification
C40, G38, H11, O10, O49
