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ORIGINAL RESEARCH article

Front. Polit. Sci.
Sec. Political Economy
Volume 6 - 2024 | doi: 10.3389/fpos.2024.1487658

STATE CAPACITY AND GROWTH IN SUB-SAHARAN AFRICA: A DYNAMIC PANEL EXAMINATION OF THE PILLARS OF PROSPERITY

Provisionally accepted
Lloyd George Banda Lloyd George Banda 1*Filipe M.S Adaid Filipe M.S Adaid 2*Joseph Amazuwa Chirwa Joseph Amazuwa Chirwa 3*Bathromeu Mavhura Bathromeu Mavhura 1*Chikondi Chidzanja Chikondi Chidzanja 1
  • 1 Stellenbosch University, Stellenbosch, South Africa
  • 2 Sao Francisco University, Braganca Paulista, Sao Paulo, Brazil
  • 3 Northern Arizona University, Flagstaff, Arizona, United States

The final, formatted version of the article will be published soon.

    This paper investigates Adam Smith's triumvirate hypothesis that peace, easy taxes, and a tolerable administration of justice inclusively constitute what a state requires to attain the highest degree of economic prosperity. First, the paper constructed a single index of Smith's triumvirate through a principal component analysis (PCA). Then, data analysis using a two-step difference GMM technique was conducted, with results confirming the hypothesis in Sub-Saharan Africa. Interestingly, the paper also discusses the impact of individual components of Smith's triumvirate on growth.

    Keywords: Smith's triumvirate, Growth, GMM, PCA, sub-Saharan Africa

    Received: 28 Aug 2024; Accepted: 23 Dec 2024.

    Copyright: © 2024 Banda, Adaid, Chirwa, Mavhura and Chidzanja. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence:
    Lloyd George Banda, Stellenbosch University, Stellenbosch, South Africa
    Filipe M.S Adaid, Sao Francisco University, Braganca Paulista, 12916-900, Sao Paulo, Brazil
    Joseph Amazuwa Chirwa, Northern Arizona University, Flagstaff, 86011, Arizona, United States
    Bathromeu Mavhura, Stellenbosch University, Stellenbosch, South Africa

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