Trade openness, institutions and economic growth in Sub-Saharan Africa
This research investigates the interactive effect of trade openness and the institutional quality on economic growth in sub-Sahara Africa. The sample consists of 38 sub-Saharan African countries and covers the period 1986-2015. Pooled OLS, fixed effect, and Dynamic GMM were used as estimation techni...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Master Program in Economics, Graduate Program of Universitas Jambi
2021-02-01
|
| Series: | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| Subjects: | |
| Online Access: | https://online-journal.unja.ac.id/JES/article/view/10653 |
| _version_ | 1828196417442676736 |
|---|---|
| author | Taiwo AKINLO Charles Olalekan OKUNLOLA |
| author_facet | Taiwo AKINLO Charles Olalekan OKUNLOLA |
| author_sort | Taiwo AKINLO |
| collection | DOAJ |
| description | This research investigates the interactive effect of trade openness and the institutional quality on economic growth in sub-Sahara Africa. The sample consists of 38 sub-Saharan African countries and covers the period 1986-2015. Pooled OLS, fixed effect, and Dynamic GMM were used as estimation techniques. The empirical section used a nonlinear growth regression specification that interacts trade openness with law and order, bureaucratic quality, corruption, government stability, and democratic accountability. The study found that corruption, government stability, law and order, and bureaucratic quality as institutional quality variables harm economic growth. The interaction of trade openness and institutional quality variables positively impacted economic growth. It is an indication that trade openness better impacted economic growth in the presence of high-quality institutional variables. |
| first_indexed | 2024-04-12T10:00:55Z |
| format | Article |
| id | doaj.art-825ec5be91e14dbdbae65d005c66b3dd |
| institution | Directory Open Access Journal |
| issn | 2338-4603 2355-8520 |
| language | English |
| last_indexed | 2024-04-12T10:00:55Z |
| publishDate | 2021-02-01 |
| publisher | Master Program in Economics, Graduate Program of Universitas Jambi |
| record_format | Article |
| series | Jurnal Perspektif Pembiayaan dan Pembangunan Daerah |
| spelling | doaj.art-825ec5be91e14dbdbae65d005c66b3dd2022-12-22T03:37:34ZengMaster Program in Economics, Graduate Program of Universitas JambiJurnal Perspektif Pembiayaan dan Pembangunan Daerah2338-46032355-85202021-02-018610.22437/ppd.v8i6.1065324221Trade openness, institutions and economic growth in Sub-Saharan AfricaTaiwo AKINLO0Charles Olalekan OKUNLOLA1Department of Economics, Adeyemi College of Education Ondo, Ondo State, NigeriaInstitute of Peace and Conflict Resolution, CBD, Abuja, NigeriaThis research investigates the interactive effect of trade openness and the institutional quality on economic growth in sub-Sahara Africa. The sample consists of 38 sub-Saharan African countries and covers the period 1986-2015. Pooled OLS, fixed effect, and Dynamic GMM were used as estimation techniques. The empirical section used a nonlinear growth regression specification that interacts trade openness with law and order, bureaucratic quality, corruption, government stability, and democratic accountability. The study found that corruption, government stability, law and order, and bureaucratic quality as institutional quality variables harm economic growth. The interaction of trade openness and institutional quality variables positively impacted economic growth. It is an indication that trade openness better impacted economic growth in the presence of high-quality institutional variables.https://online-journal.unja.ac.id/JES/article/view/10653CorruptionEconomic growthGovernment stabilityTradeInstitutions |
| spellingShingle | Taiwo AKINLO Charles Olalekan OKUNLOLA Trade openness, institutions and economic growth in Sub-Saharan Africa Jurnal Perspektif Pembiayaan dan Pembangunan Daerah Corruption Economic growth Government stability Trade Institutions |
| title | Trade openness, institutions and economic growth in Sub-Saharan Africa |
| title_full | Trade openness, institutions and economic growth in Sub-Saharan Africa |
| title_fullStr | Trade openness, institutions and economic growth in Sub-Saharan Africa |
| title_full_unstemmed | Trade openness, institutions and economic growth in Sub-Saharan Africa |
| title_short | Trade openness, institutions and economic growth in Sub-Saharan Africa |
| title_sort | trade openness institutions and economic growth in sub saharan africa |
| topic | Corruption Economic growth Government stability Trade Institutions |
| url | https://online-journal.unja.ac.id/JES/article/view/10653 |
| work_keys_str_mv | AT taiwoakinlo tradeopennessinstitutionsandeconomicgrowthinsubsaharanafrica AT charlesolalekanokunlola tradeopennessinstitutionsandeconomicgrowthinsubsaharanafrica |