Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa
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 (...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2023-10-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/21582440231202577 |
| _version_ | 1797660695351787520 |
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| author | Davidmac O. Ekeocha Jonathan E. Ogbuabor Patterson C. Ekeocha Anthony Orji |
| author_facet | Davidmac O. Ekeocha Jonathan E. Ogbuabor Patterson C. Ekeocha Anthony Orji |
| author_sort | Davidmac O. Ekeocha |
| collection | DOAJ |
| description | 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 |
| first_indexed | 2024-03-11T18:34:41Z |
| format | Article |
| id | doaj.art-299a301ad64142d286fa9f94997ca23e |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-03-11T18:34:41Z |
| publishDate | 2023-10-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-299a301ad64142d286fa9f94997ca23e2023-10-13T05:03:20ZengSAGE PublishingSAGE Open2158-24402023-10-011310.1177/21582440231202577Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan AfricaDavidmac O. Ekeocha0Jonathan E. Ogbuabor1Patterson C. Ekeocha2Anthony Orji3University of Nigeria, Nsukka, NigeriaUniversity of Nigeria, Nsukka, NigeriaCentral Bank of Nigeria, Abuja, NigeriaUniversity of Nigeria, Nsukka, NigeriaFollowing 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; N17https://doi.org/10.1177/21582440231202577 |
| spellingShingle | Davidmac O. Ekeocha Jonathan E. Ogbuabor Patterson C. Ekeocha Anthony Orji Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa SAGE Open |
| title | Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa |
| title_full | Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa |
| title_fullStr | Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa |
| title_full_unstemmed | Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa |
| title_short | Analysis of Sectoral Outcomes and Institutional Quality Nexus in Sub-Saharan Africa |
| title_sort | analysis of sectoral outcomes and institutional quality nexus in sub saharan africa |
| url | https://doi.org/10.1177/21582440231202577 |
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