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Assessing sustained economic growth in Africa’s least developed countries to escape the poverty trap: a CS-ARDL approach

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Randomized trial evaluates economic growth determinants in Africa’s least developed countries, suggesting improvements for policy formulation.

This study investigates the factors influencing sustained economic growth in Africa's least developed countries to aid in escaping the poverty trap.
Analyzed data from 26 African LDCs from 2005 to 2021 using the CS-ARDL model.
Addressed econometric challenges including cross-sectional dependence and group heterogeneity.
Evaluated impacts of official development assistance, foreign direct investment, government effectiveness, and corruption.
FDI promotes long-term economic growth despite short-term adjustment costs.
ODA shows a negative long-term effect on economic growth due to governance challenges.
Corruption, under certain conditions, may enhance long-term growth by speeding bureaucratic processes.

Godek-Brunel et al. (2026) studied this question.

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Randomized trial evaluates economic growth determinants in Africa’s least developed countries, suggesting improvements for policy formulation.