Africa's Development: Institutions, Economic Reforms and Growth

Aloysius Ajab Amin
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Aloysius Ajab Amin: Department of Economics, KIMEP University,Almaty, Kazakhstan

International Journal of Economics and Financial Issues, 2013, vol. 3, issue 2, 324-336

Abstract: The paper examines the importance of relative prices, institutional quality and other factors which are regressed on the estimated total factor productivity (TFP). With panel data of 26 African countries for the period 1980-2011, the results show that relative prices have significant effects on TFP. Also the quality of institutions is an important determinant of noninput component of output growth. The macroeconomic measures to get prices right in sub Saharan Africa may also be constrained by the linkages of institutions to the macroeconomic variables. Thus, policies of getting prices right with establishing strong institutions are worth continuously pursuing with vigor.

Keywords: Prices; Growth; Total-factor-productivity; Africa; Institutions (search for similar items in EconPapers)
JEL-codes: O43 O47 O55 P22 (search for similar items in EconPapers)
Date: 2013
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2013-02-6

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