论文标题
政府支出和货币供应在减轻非洲贫困方面的作用
Government Spending and Money Supply Roles in Alleviating Poverty in Africa
论文作者
论文摘要
这项研究研究了政府支出和货币供应在减轻非洲贫困方面的作用。该研究从2001年到2017年使用了48个撒哈拉以南非洲国家。该研究采用了一个步骤和两步系统GMM，发现这两个程序都具有相似的结果。采用了不同的规格，并且所选模型具有鲁棒，有效的工具和不存在二阶自相关。该研究表明，政府支出和外国直接投资对减少贫困有重大负面影响，而货币供应对该地区的贫困水平有积极影响。这一发现的含义是，货币供应的货币政策工具在抵抗贫困威胁方面没有强大的影响。因此，该研究建议应重点放在增加更多的政府支出上，这将通过乘数效应来影响该地区人民的生活质量，改善金融体系的有效货币政策，并通过非洲实现商业环境吸引外国直接流入。
This study examines the roles of government spending and money supply on alleviating poverty in Africa. The study used 48 Sub-Saharan Africa countries from 2001 to 2017. The study employed one step and two-step system GMM and found that both the procedures have similar results. Different specifications were employed and the model selected was robust, with valid instruments and absence of autocorrelation at the second order. The study revealed that government spending and foreign direct investment have significant negative influence on reducing poverty while money supply has positive influence on the level of poverty in the region. The implication of the finding is that monetary policy tool of money supply has no strong influence in combating the menace of poverty. The study therefore recommends that emphasis should be placed on increasing more of government spending that would impact on the quality of life of the people in the region through multiplier effect, improving the financial system for effective monetary policy and attracting foreign direct inflows through enabling business environment in Africa.
