Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa
Bibliographic Data
| ID | 3307194 |
|---|---|
| Authors | Davidmac O Ekeocha (0000-0001-7098-0874, University of Nigeria), Jonathan E Ogbuabor (0000-0002-0162-0303, University of Nigeria), Patterson C Ekeocha (Central Bank of Nigeria, Abuja, Nigeria), Anthony Orji (0000-0003-4032-7051, University of Nigeria, corresponding author) |
| Year | 2023 |
| Volume | 13 |
| Issue | 4 |
| Publication date | 2023-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/21582440231202577 |
| OpenAlex | W4387573505 |
| Language | EN |
| Citations received | 4 |
| References cited | 52 |
Following the need for more recent rigorous empirical evidence on the role of institutions at sectoral level as well as the conflicting empirical evidences on the institutions-growth relationship in Africa, this study investigated the sectoral impacts of institutional quality in Sub-Saharan Africa (SSA). The study also revisited the role of institutions in the aggregate economy. The system GMM estimation procedure and a panel of 42 SSA countries were used over the period 2010 to 2018. The results indicate that contrary to the widely held view that institutions foster growth and development, the role of institutional quality in sectoral and aggregate economic performance in SSA generally remained muted. However, the results indicate that initial level of real GDP and labor are robust drivers of growth, particularly in the aggregate economy. The study therefore concludes that the sub-region requires institutional reform, enhanced human capital development and capital accumulation to drive sectoral and aggregate economic performance in SSA. JEL Classification: N20; F43; C23; N17
Development economics · Econometrics · Economic growth · Economic system · Economics · Empirical evidence · Estimation · Human capital · Macroeconomics · Panel analysis · Panel data · Sectoral analysis · Economic Growth and Development · Economic Growth and Productivity · Fiscal Policy and Economic Growth
The Works and Correspondence of David Ricardo (The works and correspondence of David Ricardo)
Instrumental Variables and GMM
Assessing cross-sectional correlation in panel data
The Use of Ranks to Avoid the Assumption of Normality Implicit in the Analysis of Variance
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A bias-adjusted LM test of error cross-section independence
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GMM Estimation with persistent panel data
How to do Xtabond2
General Diagnostic Tests for Cross Section Dependence in Panels
On the mechanics of economic development
Some Tests of Specification for Panel Data
Initial conditions and moment restrictions in dynamic panel data models
An Inquiry into the Nature and Causes of the Wealth of Nations
The Worldwide Governance Indicators
Regional integration and growth
The Tyranny of Experts
The Works and Correspondence of David Ricardo
Increasing Returns and Long-Run Growth
Economic Growth and Capital Accumulation
Capital Expansion, Rate of Growth, and Employment
A Contribution to the Theory of Economic Growth
Institutions
Political Science and the Three New Institutionalisms
Poverty in Sub-Saharan Africa
| Citations per year | 2 |
|---|---|
| Citation span | 2024 - 2026 (3) |
| Highly cited | No |