IDENTIFYING THE DRIVERS OF POLITICAL STABILITY IN SUB –SAHARAN AFRICA
Oluwagbenga Emmanuel Adebayo and Mary Momsisuri Boteso
Volume 13 Issue 1
Abstract
The study examined the factors that affect political stability and absence of violence /terrorism (PSAV) in sub-Saharan Africa. The study employed Biased-Corrected Method of Moments (BCMM) with Random Effects and Robust Standard Errors to examine the effects of unemployment, GDP per capita, Inflation, Government Effectiveness, and Voice and Accountability (VOA) on PSAV across 34 sub-Saharan African countries, over a period of 7 years (2017-2023). The study hinged on the Relative Deprivation Theory. The results revealed that GDP per capita had a positive non-significant effect on PSAV. Unemployment had a negative significant influence on PSAV. Inflation had a negative non-significant effect on PSAV. Government effectiveness had non-significant influence on PSAV. The effect of Voice and accountability on PSAV is negative and significant. Based on the results, the study recommends that governments at all levels should provide employment, and all recruitments should be fair and transparent. To combat inflation, policy makers should ensure that there are consumer protection agencies and price control agencies that effectively moderate prices of goods and services. Governments at all levels must reinforce human rights. Law enforcement agencies and security agencies must be free from all forms of bias. Keywords: Political Stability, Sustainable Development, Relative Deprivation, BCMM
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