Institutions and Economic Performance in Sub-Saharan Africa: A Dynamic Panel Data Analysis

Abdulhakeem Kilishi, H. I. Mobolaji, Mohammed Yaru and Ahmed Yakubu ()

Journal of African Development, 2013, vol. 15, issue 2, 91-120

Abstract: There is growing emphasis on the role of institutions and governance on explaining Africa's economic growth. However, it is not clear which of the institutions matter most. Therefore ,the objective of this paper is to answer two separate questions: (i) Do institutions rea lly matter in Sub-Saharan Africa?, (ii) If institutions matter, which of them matters most? Arellano and Bond first difference and Blundell-Bond System Generalize d Method of Moment (GMM) estimators were used to estimate the specified models. Our results show that, institutions really matter for Sub-Saharan Africa's economic performance, among which regulatory quality appeared to be the most important. Thus the economic performance of the region could be enhanced by improving regulatory quality.

Keywords: Institutions; Dynamic Panel; Africa and Economic Growth (search for similar items in EconPapers)
JEL-codes: C33 O43 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.afeawpapers.org/RePEc/afe/afe-journl/wp ... D_vol15_fall_ch4.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afe:journl:v:15:y:2013:i:1:p:91-120

Access Statistics for this article

More articles in Journal of African Development from African Finance and Economic Association (AFEA) Contact information at EDIRC.
Bibliographic data for series maintained by Christian Nsiah ().