Characteristics and Behaviour of African Factor Markets and Market Institutions and Their Consequences for Economic Growth

A.F. Adenikinju and O.A. Oyeranti

Working Papers from Chicago - Graduate School of Business

Abstract: This paper provides a detailed characterisation of the structure and behaviour of African factor markets and the institutions that impact on their operations. It shows that the African factor markets are imperfect and inefficient, thus constraining economic growth. The paper posits that for the current reform programmes to succeed, policy that enhances the efficiency and competitiveness of the African factor markets must be put in place.

Keywords: LABOUR MARKET; FINANCIAL MARKET; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: G10 J30 J40 J60 O10 (search for similar items in EconPapers)
Pages: 71 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:chicbu:31

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