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La qualité des institutions influence-t-elle la performance économique ? Le cas des télécommunications dans les pays en voie de développement

Author

Listed:
  • Rabah Belaïd
  • Farid Gasmi
  • Laura Recuero Virto

Abstract

In recent years, a number of studies have shown that institutions are crucial to economic development. This literature has highlighted a positive relationship between the quality of the macro-institutional environment and the performance of reform policies conducted in some key sectors of the developing countries’ economies. This paper explores this relationship for the case of telecommunications, the sector among the infrastructure industries that worldwide has probably experienced the most important structural changes. More specifically, we investigate the extent to which this relationship is robust to the level of development of these countries. We specify an econometric model for a data base of observations on a panel of 32 developing countries covering the period 1985-1999. The sample is decomposed into two panels according to GDP per capita, thus allowing us to test for the existence of a level of revenue below which, once the effect of reforms variables, in particular, market liberalization and privatization of the incumbent, has been controlled for, the quality of institutions plays only a minor role. We find that the impact of the institutional quality on the performance of the industry is more perceptible in the sample of countries with the lower GDP per capita. Thus, within the developing countries, the marginal effect of an investment in improving the institutional quality is higher in the countries with lower revenues. This result is in line with the recent trend of international donors to reallocate resources to long term policies for improving institutional mechanisms in less developed countries.

Suggested Citation

  • Rabah Belaïd & Farid Gasmi & Laura Recuero Virto, 2009. "La qualité des institutions influence-t-elle la performance économique ? Le cas des télécommunications dans les pays en voie de développement," Revue d’économie du développement, De Boeck Université, vol. 17(3), pages 51-81.
  • Handle: RePEc:cai:edddbu:edd_233_0051
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    References listed on IDEAS

    as
    1. Mariano Tommasi & Pablo T. Spiller, 2004. "The Institutions of Regulation," Working Papers 67, Universidad de San Andres, Departamento de Economia, revised Mar 2004.
    2. Gasmi, Farid & Recuero Virto, Laura, 2010. "The determinants and impact of telecommunications reforms in developing countries," Journal of Development Economics, Elsevier, vol. 93(2), pages 275-286, November.
    3. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    4. Fink, Carsten & Mattoo, Aaditya & Rathindran, Randeep, 2003. "An assessment of telecommunications reform in developing countries," Information Economics and Policy, Elsevier, vol. 15(4), pages 443-466, December.
    5. Mariano Tommasi & Pablo T. Spiller & Ernesto Stein, 2003. "Political Institutions, Policymaking Processes, and Policy Outcomes. An Intertemporal Transactions Framework," Working Papers 59, Universidad de San Andres, Departamento de Economia, revised Jul 2003.
    6. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    7. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
    8. Farid Gasmi & Paul Noumba Um & Laura Recuero Virto, 2009. "Political Accountability and Regulatory Performance in Infrastructure Industries: An Empirical Analysis," World Bank Economic Review, World Bank Group, vol. 23(3), pages 509-531, October.
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