Institution and Economic Growth in Sub-Saharan Africa (1986–2013)

Taiwo Akinlo

Emerging Economy Studies, 2016, vol. 2, issue 2, 170-180

Abstract: Abstract This study examined institutions and economic growth in sub-Saharan Africa from 1986 to 2013. Panel data were used for this analysis. Panel pooled ordinary least squares and dynamic generalized method of moment (GMM) models were employed in the estimation of the relationship between institutions and economic growth. This study found that institution has negative impact on economic growth in sub-Saharan Africa as it is positive and statistically significant in both pooled and dynamic GMM. This human capital and money supply also have positive impact on economic growth. Physical capital and interest rates, on the other hand, has negative impact on economic growth in sub-Saharan Africa.

Keywords: Institutions; panel data; economic growth GMM (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:emecst:v:2:y:2016:i:2:p:170-180

DOI: 10.1177/2394901516661099

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