AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH
The paper examines the importance of relative prices, institutional quality and other factors which are regressed on the estimated total factor productivity (TFP). With panel data of 26 African countries for the period 1980-2011, the results show that relative prices have significant effects on TFP....
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| Format: | Article |
| Language: | English |
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EconJournals
2013-01-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | http://econjournals.com/index.php/ijefi/article/view/403/pdf |
| _version_ | 1797906230770925568 |
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| author | Aloysius Ajab Amin |
| author_facet | Aloysius Ajab Amin |
| author_sort | Aloysius Ajab Amin |
| collection | DOAJ |
| description | The paper examines the importance of relative prices, institutional quality and other factors which are regressed on the estimated total factor productivity (TFP). With panel data of 26 African countries for the period 1980-2011, the results show that relative prices have significant effects on TFP. Also the quality of institutions is an important determinant of non-input component of output growth. The macroeconomic measures to get “prices right” in sub Saharan Africa may also be constrained by the linkages of institutions to the macroeconomic variables. Thus, policies of getting prices right with establishing strong institutions are worth continuously pursuing with vigor. |
| first_indexed | 2024-04-10T10:17:39Z |
| format | Article |
| id | doaj.art-368f1855362143df83db81fac78ea6ce |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:17:39Z |
| publishDate | 2013-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-368f1855362143df83db81fac78ea6ce2023-02-15T16:21:47ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382013-01-0132324336AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTHAloysius Ajab AminThe paper examines the importance of relative prices, institutional quality and other factors which are regressed on the estimated total factor productivity (TFP). With panel data of 26 African countries for the period 1980-2011, the results show that relative prices have significant effects on TFP. Also the quality of institutions is an important determinant of non-input component of output growth. The macroeconomic measures to get “prices right” in sub Saharan Africa may also be constrained by the linkages of institutions to the macroeconomic variables. Thus, policies of getting prices right with establishing strong institutions are worth continuously pursuing with vigor.http://econjournals.com/index.php/ijefi/article/view/403/pdfPricesGrowthTotal-factor-productivityAfricaInstitutions |
| spellingShingle | Aloysius Ajab Amin AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH International Journal of Economics and Financial Issues Prices Growth Total-factor-productivity Africa Institutions |
| title | AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH |
| title_full | AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH |
| title_fullStr | AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH |
| title_full_unstemmed | AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH |
| title_short | AFRICA’S DEVELOPMENT: INSTITUTIONS, ECONOMIC REFORMS AND GROWTH |
| title_sort | africa s development institutions economic reforms and growth |
| topic | Prices Growth Total-factor-productivity Africa Institutions |
| url | http://econjournals.com/index.php/ijefi/article/view/403/pdf |
| work_keys_str_mv | AT aloysiusajabamin africasdevelopmentinstitutionseconomicreformsandgrowth |