Faculty Publications

Determinants Of Governance Institutional Quality In Sub-Saharan Africa

Document Type

Article

Keywords

africa, economic development, institutional quality, Policy

Journal/Book/Conference Title

Applied Economics

Volume

53

Issue

18

First Page

2066

Last Page

2079

Abstract

The paper hypothesizes that the quality of institutions tends to evolve slowly and in a piecemeal nature over time. In this process policy is seen to be a mechanism through which this evolutionary process takes place. Policy influences intermediary variables, which in turn create opportunities for institutional innovation. There are two hypotheses derived from this analysis and tested empirically in the paper. It is hypothesized that improvements in institutional quality lead to increases in economic development (using two different measures). It is also hypothesized that changes in intermediary variables resulting from policy changes lead to improvements in institutional quality. These two hypotheses are tested using a panel data set made up of twenty-five countries in Africa. The results indicate that improvements in the quality of governance institutions do lead to improvements in economic development and that policies aimed at influencing intermediary variables lead to improvements in governance institutional quality.

Department

Department of Economics

Department

Department of Finance

Original Publication Date

1-1-2021

DOI of published version

10.1080/00036846.2020.1855314

Repository

UNI ScholarWorks, Rod Library, University of Northern Iowa

Language

en

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