EconPapers    
Economics at your fingertips  
 

Institutions and economic growth in Africa: a spatial econometric approach

Roberto Ganau

Economia Politica: Journal of Analytical and Institutional Economics, 2017, vol. 34, issue 3, 425-444

Abstract: Abstract This paper uses a sample of 50 African countries observed over the period 1981–2001 in order to investigate whether and how institutional factors—i.e. democracy, legislature effectiveness and regime instability—affect the short-run GDP per capita growth. Spatial econometric tools are employed in order to control for the potential spatial dependence existing across neighbour countries. Results suggest a negative effect of democracy and regime instability on growth, while it emerges a positive effect of legislature effectiveness. Spatial externalities seem to matter: being surrounded by countries with a high level of democracy stimulates growth, while regime instability in neighbour countries plays a negative effect. The level of legislature effectiveness in neighbour countries seems to have a negligible effect on the short-run growth in the home country.

Keywords: Institutions; Economic growth; Africa; Spatial econometrics (search for similar items in EconPapers)
JEL-codes: C31 C33 E02 O43 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s40888-017-0057-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:epolit:v:34:y:2017:i:3:d:10.1007_s40888-017-0057-3

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40888

Access Statistics for this article

Economia Politica: Journal of Analytical and Institutional Economics is currently edited by Alberto Quadrio Curzio

More articles in Economia Politica: Journal of Analytical and Institutional Economics from Springer, Fondazione Edison
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-09-11
Handle: RePEc:spr:epolit:v:34:y:2017:i:3:d:10.1007_s40888-017-0057-3