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Institutions and economic performance: Implications for African development

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  • John M. Luiz

    (Wits Business School, University of Witwatersrand, Johannesburg, South Africa)

Abstract

The recent economic performance of Sub Saharan Africa has been very disappointing. Its poverty has many dimensions and causes, both internal and external. This paper focuses on the role of institutions in promoting or hindering economic development in Africa and the implications for doing business on the continent. It questions our understanding of institutions and how they develop and warns against simplistic assumptions in this regard. The paper examines how it is that institutions come to affect economic growth and the characteristics of what makes for good institutions. Copyright © 2008 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jid.1472
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 21 (2009)
Issue (Month): 1 ()
Pages: 58-75

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Handle: RePEc:wly:jintdv:v:21:y:2009:i:1:p:58-75

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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  1. Stephen Knack & Philip Keefer, 1995. "Institutions And Economic Performance: Cross-Country Tests Using Alternative Institutional Measures," Economics and Politics, Wiley Blackwell, vol. 7(3), pages 207-227, November.
  2. Easterly, W & Levine, R, 1996. "Africa's Growth Tragedy : Policies and Ethnic Divisions," Papers 536, Harvard - Institute for International Development.
  3. Danielson, Anders, 2001. "Economic and Institutional Reforms in French-speaking West Africa Impact on Efficiency and Growth," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  4. John M. Luiz, 2006. "The wealth of some and the poverty of Sub Saharan Africa," International Journal of Social Economics, Emerald Group Publishing, vol. 33(9), pages 625-648, September.
  5. Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Governance matters," Policy Research Working Paper Series 2196, The World Bank.
  6. Rodrik, Dani, 2003. "Growth Strategies," CEPR Discussion Papers 4100, C.E.P.R. Discussion Papers.
  7. Sachs, J-D & Warner, A-M, 1996. "Sources of Slow Growth in African Economies," Papers 545, Harvard - Institute for International Development.
  8. Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
  9. Acemoglu, Daron & Johnson, Simon & Robinson, James A, 2004. "Institutions as the Fundamental Cause of Long-Run Growth," CEPR Discussion Papers 4458, C.E.P.R. Discussion Papers.
  10. Johannes Fedderke & J.M. Luiz & R.H. J. de Kadt, 2005. "Using Fractionalization Indexes: deriving methodological principles for growth studies from time series evidence," Working Papers 05, Economic Research Southern Africa.
  11. Venieris, Yiannis P & Gupta, Dipak K, 1986. "Income Distribution and Sociopolitical Instability as Determinants of Savings: A Cross-sectional Model," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 873-83, August.
  12. Alesina, Alberto & La Ferrara, Eliana, 2005. "Ethnic Diversity and Economic Performance," Scholarly Articles 4553005, Harvard University Department of Economics.
  13. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," World Bank Research Observer, World Bank Group, vol. 15(1), pages 99-135, February.
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Citations

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Cited by:
  1. Valeria Costantini & Paolo Liberati, 2011. "Technology transfer, institutions and development," Departmental Working Papers of Economics - University 'Roma Tre' 0135, Department of Economics - University Roma Tre.
  2. Ugur, Mehmet & Dasgupta, Nandini, 2011. "Corruption and economic growth: A meta-analysis of the evidence on low-income countries and beyond," MPRA Paper 31226, University Library of Munich, Germany, revised 31 May 2011.
  3. Jorge Braga de Macedo & Luís Brites Pereira, 2014. "Cape Verde and Mozambique as Development Successes in West and Southern Africa," NBER Chapters, in: African Successes: Sustainable Growth National Bureau of Economic Research, Inc.
  4. John Manuel Luiz & Luis Brites Pereira & Guilherme Oliveira, 2011. "Constructing Institutional Measures: Indicators of Political and Property Rights in Mozambique, 1900-2005," Working Papers 219, Economic Research Southern Africa.
  5. John M. Luiz & Henry Stephan, 2011. "Determinants of Foreign Direct Investment of South African Telecommunications Firms into Sub-Saharan Africa," Working Papers 222, Economic Research Southern Africa.

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