Growth and Institutions in African Development

Technological Forecasting and Social Change

Nwachukwu

Orim

2018

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. phones and governance dynamics. They are (1) reduced cost of business start-up procedure, the time to build a warehouse and the time to resolve an insolvency; (2) increased start-up procedure to register a business; the time to enforce a contract; the time to register a property and time to prepare and pay taxes. Implications for theory and policy are discussed. Terms of use: Documents in

Section: Introductionmentioning

confidence: 99%

Mobile phones, institutional quality and entrepreneurship in Sub-Saharan Africa

Technological Forecasting and Social Change

Nwachukwu

Orim

2018

“…It is important to investigate the effect of terrorism on governance because from intuition, terrorism is likely to affect inter alia: (i) political governance or the election and replacement of political leaders; (ii) economic governance or the formulation and implementation of policies that deliver public commodities and (iii) institutional governance or the respect by citizens and the State of institutions that govern interactions between them. Hence, terrorism can substantially affect the role of government in many separate areas, notably improvements in standards of living (Fosu, 2013;Fonchingong, 2014;Anyanwu & Erhijakpor 2014) and societal change (Fosu, 2015).…”

Section: Introductionmentioning

confidence: 99%

The Impact of Terrorism on Governance in African Countries

Nwachukwu

2017

SSRN Journal

“…The concept of governance is important in politics, policy, and development for a plethora of reasons, inter alia : (1) nations with more state intervention on religion are rewarded with lower governance standards (Tusalem ); (2) the politics and policies toward obtaining participatory governance (Waheduzzaman and As‐Saber ); (3) improving quality of life by better resource allocation and government quality (Anyanwu and Erhijakpor ; Fosu ), especially for the deprived elderly (Fonchingong ); (4) politicians attributes in institutional quality (Efobi ); and (5) good governance as a solid foundation for change in society (Fosu ).The remainder of the article is presented as follows. The literature on growth and governance is covered in the Growth and Governance section.…”

Section: Stylized Facts On Brics and Mintmentioning

confidence: 99%

Determinants of Growth in Fast‐Developing Countries: Evidence from Bundling and Unbundling Institutions

2016

Politics & Policy

Purpose -We assess growth determinants in the BRICS (Brazil, Russia, India, China and South Africa) and MINT (Mexico, Indonesia, Nigeria and Turkey) fast-developing nations for the period [2001][2002][2003][2004][2005][2006][2007][2008][2009][2010][2011]. Particular emphasis is laid on the bundling and unbundling of ten governance dynamics.Design/methodology/approach-Contemporary and non-contemporary Fixed-and RandomEffects regressions are employed as empirical strategies. GDP growth and real GDP output are used as dependent variables. The governance variables are bundled by means of principal component analysis. Findings-The following are some findings. First, governance is more positively significant in non-contemporary specifications as opposed to contemporary regressions. Second, there is some interesting evidence on the heterogeneity of political governance as a driver. Political governance and its constituents (political stability and voice & accountability) are significantly positive in GDP growth but insignificant in real GDP output regressions. Third, the other governance dynamics are more significant determinants of real GDP output, as opposed to GDP growth. Accordingly, they are insignificant in contemporary regressions and negatively significant in non-contemporary regressions for GDP growth. Fourth, the constituents of economic governance have the highest magnitude in the positive effects of governance dynamics on real GDP output. Practical implications-The following are some practical implications. First, lag determinants are necessary for growth targeting or timing of growth dynamics. Growth drivers for the most part are more significantly determined by past information. Second, political governance is the most important driver of economic growth, with the significance of effects more apparent in non-contemporary regressions. Third, economic governance and institutional governance are more positively predisposed to driving real GDP output than GDP growth.Originality/value-As far as we have reviewed, it is the first study to investigate growth determinants in the BRICS and MINT nations. It has strong implications for other developing countries on the contemporary and non-contemporary dynamics of governance in driving economic prosperity.1 Simplice A. Asongu is Lead economist in the Research Department of the AGDI (asongus@afridev.org). 3JEL Classification: C52; F21; F23; O40 ; P37 Keywords: Economic Growth; emerging countries; governance AcknowledgementWe are highly indebted to Akpan Uduak for sharing his dataset.