Economic Growth and Sustainable Development in Africa : An Application of Advanced Statistical and Econometric Methods

This study investigates the relationships between economic growth, sustainable development, and environmental dynamics in Africa from 1960 to 2016. Using statistical and econometric techniques, we analyze the interaction between growth, physical capital, and human capital within the augmented Solow model. A static, dynamic, and spatial approach is applied to examine the conditional convergence of African economies. Additionally, we explore the Kuznets Environmental Curve, assessing the relationship between economic growth and environmental degradation, particularly CO2 emissions. The findings highlight a continent with significant economic potential, influenced by both positive and negative effects of globalization, including the challenges of greenhouse gas emissions and income inequality. The study offers new insights into the complex relationship between economic growth and sustainability in Africa.