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Institution and Economic Growth in Sub-Saharan Africa (1986–2013)

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  • Taiwo Akinlo

Abstract

This study examined institutions and economic growth in sub-Saharan Africa from 1986 to 2013. Panel data were used for this analysis. Panel pooled ordinary least squares and dynamic generalized method of moment (GMM) models were employed in the estimation of the relationship between institutions and economic growth. This study found that institution has negative impact on economic growth in sub-Saharan Africa as it is positive and statistically significant in both pooled and dynamic GMM. This human capital and money supply also have positive impact on economic growth. Physical capital and interest rates, on the other hand, has negative impact on economic growth in sub-Saharan Africa.

Suggested Citation

  • Taiwo Akinlo, 2016. "Institution and Economic Growth in Sub-Saharan Africa (1986–2013)," Emerging Economy Studies, International Management Institute, vol. 2(2), pages 170-180, November.
    • Handle: RePEc:sae:emecst:v:2:y:2016:i:2:p:170-180
    DOI: 10.1177/2394901516661099
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    References listed on IDEAS

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    Cited by:

    1. Khalil Jebran & Amjad Iqbal & Kalim-Ullah Bhat & Arshad Ali, 2018. "Effect of Terms of Trade on Economic Growth of China," Emerging Economy Studies, International Management Institute, vol. 4(2), pages 157-168, November.
    2. Younesse El Menyari, 2019. "Financial Development, Foreign Banks and Economic Growth in Africa," African Development Review, African Development Bank, vol. 31(2), pages 190-201, June.

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