Institutional reforms, private sector, and economic growth in Africa

Arbeitspapier

The aim of this paper is to analyse the effect of institutional reforms on the revival of African economies. We study the impact of positive changes in business environment indicators of the Doing Business project and the Economic Freedom Index of the Heritage Foundation on the private sector development indicators and economic performances of African countries. Econometric estimations with panel data of African countries during the period 2003-08 indicate that differences across countries over timein terms of private investment, foreign direct investment, domestic credit to private sector, and the growth rate of gross domestic product are significantly influenced by differences in efforts ofinstitutionaland economic reforms.

Object Details

• ISBN: 978-92-9230-405-8
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Working Paper ; No. 2011/40

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; Economywide Country Studies: Africa ; Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
• Subject: institutional reforms ; private sector ; economic growth ; Institutioneller Wandel ; Geschäftsklima ; Privatwirtschaft ; Wirtschaftswachstum ; Afrika

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Okey, Mawussé K. N.
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/54009
• Last update: 10.03.2025, 11:41 AM CET