ANALYSIS OF THE EFFECT OF SHOCKS OF GOOD GOVERNANCE ON EDUCATION OUTPUT AMONG SELECTED AFRICAN COUNTRIES

Abstract

Good governance is an essential component that drives better health outcome and education output required as a catalyst that will stimulate economic growth and this constitutes a vital social objective as a result of good level of human capital development. The study evaluated the effect of shocks of good governance on education output among selected African countries using panel data from 2000 to 2020. The Panel unit root tests indicated that real gross domestic product, indicators of good governance, and foreign direct investment are stationary at level while education output, primary school enrollment, and foreign aid are stationary at first difference. The Panel Vector Autoregressive result indicates that the shocks effect of education expenditure, Indicators of good governance, Primary school enrolment, and Foreign aid to education output were found to be positive. The study recommended that African Countries should ensure that indicators of good governance such as political stability, accountability and voice, and control of corruption are moving smoothly without any interruption, by so doing economic growth of African countries will increases. African countries should increase their expenditure on education, this will bring about an increase in economic growth of the continen