Globalization, governance, and the economic performance of Sub-Saharan Africa
AbstractI estimate and compare the effects of globalization, governance, and conventional factors and forces on the economic performance of Sub-Saharan African countries. The analysis finds that both physical and human capita as well as unexplained technical residuals affect economic performance, although human capital and technical change do not always have statistically significant impacts. The policy implication of these results calls for improvement of all three variables. Economic performance also varies with measures of globalization, suggesting that globalization is good for economic performance, but it is social globalization rather than economic globalization that is most beneficial. On average the quality of institutions are important to economic performance, but, when disaggregated, different measures of institutional quality have different effects on performance. The results are reasonable, even as there remains a need to improve them.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15600.
Date of creation: 06 Jun 2009
Date of revision:
Globaliztion; governance; economic performance; Sub-Saharan Africa;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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