The New Institutionalism and Africa
Steven Block (),
Ghada Fayad and
Anke Hoeffler ()
Journal of African Economies, 2013, vol. 22, issue 4, 499-522
After briefly reviewing the new institutionalism, this article uses the history of political reform in Africa to test its key tenet: that power, if properly organised, is a productive resource. It does so by exploring the relationship between changes in political institutions and changes in economic performance, both at the macro- and the micro level. The evidence indicates that political reform (Granger) causes increases in GDP per capita in the African subset of global data. And, at the micro level, it demonstrates that changes in national political institutions in Africa strongly relate to changes in total factor productivity in agriculture. Copyright 2013 , Oxford University Press.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jafrec:v:22:y:2013:i:4:p:499-522
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