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Institutional quality and economic growth in East African economies

Turkish Economic Review

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Field Value
 
Title Institutional quality and economic growth in East African economies
 
Creator JILENGA, Moga Tano; PhD Candidate
HELIAN, Xu;

School of Economics and Trade, Hunan University, Changsha, 410079, China
 
Subject Institutional quality; Economic growth; East Africa; Fixed effects.
O43; E20; C33.
 
Description Abstract. This study examines the effect of quality of institutions on economic growth in five East African countries using panel data for the period spanning from1996 to 2015. Fixed effects (FE) and random effects (RE) models were employed for estimation. Using Hausman test, FE was earmarked to be more appropriate model for this study. The empirical findings show that the quality of institution significantly impacts on economic growth. Political stability, government effectiveness, rule of law and control of corruption in particular are significant variables. Regulatory quality, voice and accountability indicate insignificant effect on growth. The results suggest that governance that promotes strong institutions is an important condition for economic growth. Particular focus should be focused on enhancing political stability, government effectiveness, rule of law and control of corruption so as to attain economic development. Keywords. Institutional quality, Economic growth, East Africa, Fixed effects.JEL. O43, E20, C33.
 
Publisher Turkish Economic Review
Turkish Economic Review
 
Contributor —
 
Date 2017-09-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/TER/article/view/1365
10.1453/ter.v4i3.1365
 
Source Turkish Economic Review; Vol 4, No 3 (2017): September; 282-289
Turkish Economic Review; Vol 4, No 3 (2017): September; 282-289
2149-0414
 
Language eng
 
Relation http://www.kspjournals.org/index.php/TER/article/view/1365/1375
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1365/676
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1365/677
http://www.kspjournals.org/index.php/TER/article/downloadSuppFile/1365/678
 
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http://creativecommons.org/licenses/by-nc/4.0