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Institutional Reform and Economic Growth in Africa

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  • Sylvain Boko

    (Department of Economics, Wake Forest University)

Abstract

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.

Suggested Citation

  • Sylvain Boko, 2002. "Institutional Reform and Economic Growth in Africa," Journal of African Development, African Finance and Economic Association (AFEA), vol. 5(2), pages 48-70.
    • Handle: RePEc:afe:journl:v:5:y:2002:i:2:p:48-70
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    File URL: http://www.afeawpapers.org/RePEc/afe/afe-journl/wp-content/uploads/2014/07/JAD_vol5_N2_Chp3.pdf
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    Cited by:

    1. Phillip LeBel, 2008. "Managing Risk in Africa Through Institutional Reform," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(2), pages 165-181, June.
    2. Daniel Sakyi & Samuel Adams, 2012. "Democracy, Government Spending and Economic Growth: The Case of Ghana, 1960–2008," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 6(3), pages 361-383, August.

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