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Characteristics and Behaviour of African Factor Markets and Market Institutions and Their Consequences for Economic Growth

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  • Adeola F. Adenikinju
  • Olugboyega Oyeranti
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    Abstract

    This paper provides a detailed characterisation of the structure and behaviour of African factor markets and the institutions that impact on their operations. It shows that the African factor markets are imperfect and inefficient, thus constraining economic growth. The paper posits that for the current reform programmes to succeed, policy that enhances the efficiency and competitiveness of the African factor markets must be put in place.

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    File URL: http://www.cid.harvard.edu/cidwp/pdf/031.pdf
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    Bibliographic Info

    Paper provided by Center for International Development at Harvard University in its series CID Working Papers with number 31.

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    Date of creation: Dec 1999
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    Handle: RePEc:wop:cidhav:31

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    Postal: Center for International Development at Harvard University (CID). 79 John F. Kennedy Street, Cambridge, MA 02138.
    Fax: 617-496-2554
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    Web page: http://www.cid.harvard.edu/cidwp/
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    Cited by:
    1. Nkonya, Ephraim & Kaizzi, Crammer & Pender, John, 2005. "Determinants of nutrient balances in a maize farming system in eastern Uganda," Agricultural Systems, Elsevier, vol. 85(2), pages 155-182, August.
    2. Marcel Fafchamps, 1999. "Networks,communities and markets in Sub-Saharan Africa: implications for firm growth and investment," Economics Series Working Papers WPS/1999-24, University of Oxford, Department of Economics.
    3. Janvier D. Nkurunziza & Floribert Ngaruko, 2004. "Explaining Growth in Burundi: 1960-2000," Macroeconomics 0409012, EconWPA.

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