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Institutional Quality and Economic Growth: Evidence from Sub-Saharan Africa

Tanzania Economic Review

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Field Value
 
Title Institutional Quality and Economic Growth: Evidence from Sub-Saharan Africa
 
Creator Seyingbo, Adedotun
Adeniyi, Oluwatosin
 
Description The paper investigated the relationship between institutional quality and economicgrowth in a sample of Sub-Saharan African (SSA) economies. Deploying dataspanning 1996 to 2013 on these 28 countries, and an assortment of panel estimationtechniques, a number of findings ensued. The System GMM estimation technique aswell as the other approaches suggested substantial evidence that institutional qualityhad trifling effect on economic growth in SSA. This result surprisingly remainedrobust to the six alternative measures of institutional quality adopted with a view tocapturing the diversity of governance dimensions. Plausible explanations could be envisaged particularly owing to the use of a dynamic panel estimator and thereckoning that growth performance in the region has rather been more significantlyinfluenced by other covariates especially investment and human capital. Therefore itbecomes imperative to put in place institutional reforms in these SSA countries. Thisis in order to allow the rule of law to prevail, engender effective regulation of markets,promote control of corruption, and ensure the effectiveness of government institutions.Put together, these will go a long way in guaranteeing sustained growth performance.
 
Publisher Dar es Salaam University Press
 
Contributor —
 
Date 2019-11-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journals.udsm.ac.tz/index.php/ter/article/view/2545
 
Source Tanzania Economic Review; Vol 8, No 1&2 (2018): TER
2507-7740
0856-3373
 
Language eng
 
Relation https://journals.udsm.ac.tz/index.php/ter/article/view/2545/2996
 
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