Institutions and growth accelerations
This paper estimates the effect of institutions on economic growth in Sub-Saharan Africa over the period 1995-2007. We follow Henderson, Storeygard, and Weil (American Economic Review 102(2): 994-1028, 2012) in combining Penn World Tables GDP data with satellite-based data on nightlights in order to arrive at a more accurate measure of economic growth. We find that countries with good institutions grew faster than countries with poor institutions. Using external instruments, 2SLS regressions point to a causal impact. Our findings are consistent with the view that institutions are a root cause of economic development.
|Date of creation:||12 Mar 2013|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Business and Economics, University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark|
Phone: 65 50 32 33
Fax: 65 50 32 37
Web page: http://www.sdu.dk/ivoe
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