INSTITUTIONAL QUALITY AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM THE SUDANESE ECONOMY

Constantinos Alexiou, Persefoni Tsaliki and Hashim Rasha Osman

Economic Annals, 2014, vol. 59, issue 203, 119 - 138

Abstract: This study aims to explore the extent to which conventional methods used in the majority of relevant growth studies can successfully interpret the economic performance of a highly underdeveloped African country such as Sudan. Applying an ARDL boundstesting approach to cointegration proposed by Pesaran et al. (2001), we look into the short-run as well as long-run relationships between institutional and various other key economic variables and economic growth over the period 1972-2008. The empirical results obtained suggest that, for the Sudanese economy, the quality of the institutional environment is one of the most important factors in defining economic prosperity.

Keywords: Institutions quality; Economic Performance; Sudan; ARDL Cointegration (search for similar items in EconPapers)
JEL-codes: C33 O43 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (12)

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