Abstract:
The first objective of this study is to demonstrate that
the UN sustainable development goals (SDGs) remain
beyond reach for the world's poorest economies by analyzing
the trends in the worldwide governance indicators
(WGIs), corruption perception index (CPI), the
GDP per capita, and the human development index
(HDI) using the case of 10 former European colonies
(e.g., Burundi, Burkina Faso, Central African Republic,
Guinea-Bissau, Haiti, Madagascar, Niger, Sierra Leone,
Togo, and the Democratic Republic of Congo). Second,
this study compares three-panel regression models
(pooled OLS model, fixed-effects model, and random
effects model) to examine the influence of the WGIs on
CPI, GDP per capita, and HDI and then derive the
most appropriate model. Based on the results of these
two objectives, a theoretical framework is drawn to
provide specific recommendations to overcome some of
the challenges to sustainable development in the
selected countries
