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Institutions, Social Capital, and Economic Development in Africa: An Empirical Study

Mina Baliamoune

ICER Working Papers from ICER - International Centre for Economic Research

Abstract: Using 1975-2000 panel data, this paper examines the effects of institutions and social capital, in the form of generalized trust (proxied by contract-intensive money), on economic development in 39 African countries. The results indicate that there is a robust positive influence of social capital on income. In addition, the interaction between social capital and institutional quality, and the interaction of social capital with human capital also have a positive influence on economic development. On the other hand, institutions do not seem to have an independent effect (or may even have a negative impact) on income. Overall, the empirical results suggest that social capital and institutions in Africa may be complements rather than substitutes.

Pages: 31 pages
Date: 2005-07
New Economics Papers: this item is included in nep-afr, nep-dev and nep-soc
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:icr:wpicer:18-2005

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