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Institutional Reform and Economic Growth in Africa

  • Sylvain Boko

    ()

    (Department of Economics, Wake Forest University)

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    The paper estimates the impact of institutional changes on growth performance in Africa. The study is based on a sample of 20 African countries. The findings are that promoting economic freedom, political rights and civil liberty is growth enhancing in Africa. This positive relationship between civil liberty and political rights in the African context is in contrast with the results from at least one previous study conducted on the basis of a large cross-sectional and multi-regional data set. The analysis also provides empirical support for the strengthening of the economic and political reform programs that are currently underway in many countries in Africa. It finds that an interaction of political and economic freedoms does not harm development as is sometimes suggested in the literature; it might in fact enhance it.

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    File URL: http://www.jadafea.com/vol5-2/
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    Article provided by African Finance and Economic Association in its journal Journal of African Development.

    Volume (Year): 5 (2002)
    Issue (Month): 2 ()
    Pages: 48-70

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    Handle: RePEc:afe:journl:v:5:y:2002:i:2:p:48-70
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