Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Studies on Economic Development and Growth in Selected African CountriesThe Impact of Institutions on Economic Growth in Sub-Saharan Africa: Evidence from a Panel Data Approach

Studies on Economic Development and Growth in Selected African Countries: The Impact of... [ThisImpact of institutions study sheds light on the effect of institutional variables on economic growth in sub-Saharan African countries. It empirically analyzes the impact of institutional qualityInstitutional quality proxied by control for corruptionCorruption, government effectivenessGovernment effectiveness, and protection of the property right index among others on economic growth in sub-Saharan African countries during the sample period 1996–2012. The sample consisted of 21 sub-Saharan African countries. The methodology is based on first-differenced GMM estimator proposed by Arellano and Bond[aut]Bond, S. (Rev Econ Stud 58(2):277–297, 1991)[aut]Arellano, M. for dynamic panel data, which is robust for taking care of individual fixed effects, heteroskedasticityHeteroskedasticity, and auto-correlationAuto-correlation in the presence of endogenous covariates. The results of this study indicate that improving institutional qualityInstitutional quality, specifically protecting property rights on average had a positive contribution to growth in output per capita in the sampled countries though its effect was small. However, institutional variables such as control for corruptionCorruption and government effectivenessGovernment effectiveness had a positive effect on growth though they were statistically insignificant. These findings agree with some of the studies conducted so far on the effect of institutions on growth.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Studies on Economic Development and Growth in Selected African CountriesThe Impact of Institutions on Economic Growth in Sub-Saharan Africa: Evidence from a Panel Data Approach

Download PDF
15 pages

Loading next page...
 
/lp/springer-journals/studies-on-economic-development-and-growth-in-selected-african-01a3NABwjc
Publisher
Springer Singapore
Copyright
© Springer Nature Singapore Pte Ltd. 2017
ISBN
978-981-10-4450-2
Pages
63 –78
DOI
10.1007/978-981-10-4451-9_4
Publisher site
See Chapter on Publisher Site

Abstract

[ThisImpact of institutions study sheds light on the effect of institutional variables on economic growth in sub-Saharan African countries. It empirically analyzes the impact of institutional qualityInstitutional quality proxied by control for corruptionCorruption, government effectivenessGovernment effectiveness, and protection of the property right index among others on economic growth in sub-Saharan African countries during the sample period 1996–2012. The sample consisted of 21 sub-Saharan African countries. The methodology is based on first-differenced GMM estimator proposed by Arellano and Bond[aut]Bond, S. (Rev Econ Stud 58(2):277–297, 1991)[aut]Arellano, M. for dynamic panel data, which is robust for taking care of individual fixed effects, heteroskedasticityHeteroskedasticity, and auto-correlationAuto-correlation in the presence of endogenous covariates. The results of this study indicate that improving institutional qualityInstitutional quality, specifically protecting property rights on average had a positive contribution to growth in output per capita in the sampled countries though its effect was small. However, institutional variables such as control for corruptionCorruption and government effectivenessGovernment effectiveness had a positive effect on growth though they were statistically insignificant. These findings agree with some of the studies conducted so far on the effect of institutions on growth.]

Published: May 3, 2017

Keywords: Economic growth; Institutions; Panel data; GMM; Sub-Saharan Africa

There are no references for this article.