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Africa’s Development: Institutions, Economic Reforms and Growth

Year 2013, Volume: 3 Issue: 2, 324 - 336, 01.06.2013

Aloysius Ajab Amin

Abstract

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.

Keywords

Prices Growth Total-factor-productivity Africa Institutions

Year 2013, Volume: 3 Issue: 2, 324 - 336, 01.06.2013

Aloysius Ajab Amin

Abstract

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Details

Other ID JA47BM72KM
Journal Section Research Article
Authors

Aloysius Ajab Amin This is me

Publication Date June 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 2

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APA Amin, A. A. (2013). Africa’s Development: Institutions, Economic Reforms and Growth. International Journal of Economics and Financial Issues, 3(2), 324-336.
AMA Amin AA. Africa’s Development: Institutions, Economic Reforms and Growth. IJEFI. June 2013;3(2):324-336.
Chicago Amin, Aloysius Ajab. “Africa’s Development: Institutions, Economic Reforms and Growth”. International Journal of Economics and Financial Issues 3, no. 2 (June 2013): 324-36.
EndNote Amin AA (June 1, 2013) Africa’s Development: Institutions, Economic Reforms and Growth. International Journal of Economics and Financial Issues 3 2 324–336.
IEEE A. A. Amin, “Africa’s Development: Institutions, Economic Reforms and Growth”, IJEFI, vol. 3, no. 2, pp. 324–336, 2013.
ISNAD Amin, Aloysius Ajab. “Africa’s Development: Institutions, Economic Reforms and Growth”. International Journal of Economics and Financial Issues 3/2 (June 2013), 324-336.
JAMA Amin AA. Africa’s Development: Institutions, Economic Reforms and Growth. IJEFI. 2013;3:324–336.
MLA Amin, Aloysius Ajab. “Africa’s Development: Institutions, Economic Reforms and Growth”. International Journal of Economics and Financial Issues, vol. 3, no. 2, 2013, pp. 324-36.
Vancouver Amin AA. Africa’s Development: Institutions, Economic Reforms and Growth. IJEFI. 2013;3(2):324-36.