Economic Development, Institutional Quality and Regional integration: Evidence from Africa Countries
AbstractThe aim of this paper is to provide new empirical evidence about the determinants of per capita income in African countries, with particular attention to the affects of governance institutional quality and sub regional integration on income level. We use a sample of 49 countries from the period 1996-2004 and the Generalized Method of Moments Estimation model for dynamic panel, proposed by Arellano and Bond (1991). The results show that African regional groups with better institutions, higher degrees of regional integration cooperation, higher rates of investment in human capital and lower rates of population growth, show a higher level of per capita income
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19069.
Date of creation: Nov 2009
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Sub-Regional Integration; Institutional Quality; Economic development;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
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