Institutions and growth accelerations

Thomas Andersen and Peter Jensen

No 7/2013, Discussion Papers on Economics from University of Southern Denmark, Department of Economics

Abstract: This paper estimates the effect of institutions on economic growth in Sub-Saharan Africa over the period 1995-2007. We follow Henderson, Storeygard, and Weil (American Economic Review 102(2): 994-1028, 2012) in combining Penn World Tables GDP data with satellite-based data on nightlights in order to arrive at a more accurate measure of economic growth. We find that countries with good institutions grew faster than countries with poor institutions. Using external instruments, 2SLS regressions point to a causal impact. Our findings are consistent with the view that institutions are a root cause of economic development.

Keywords: Institutions; economic growth; 2SLS; Africa (search for similar items in EconPapers)
JEL-codes: O11 O43 O47 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2013-03-12
New Economics Papers: this item is included in nep-afr and nep-fdg
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:sdueko:2013_007

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