Institutional quality and economic growth in East African economies

Moga Tano Jilenga () and Xu Helian ()
Additional contact information
Moga Tano Jilenga: College of Economics and Trade, Hunan University, Changsha 410079, China.
Xu Helian: College of Economics and Trade, Hunan University, Changsha 410079, China.

Turkish Economic Review, 2017, vol. 4, issue 3, 282-289

Abstract: This study examines the effect of quality of institutions on economic growth in five East African countries using panel data for the period spanning from1996 to 2015. Fixed effects (FE) and random effects (RE) models were employed for estimation. Using Hausman test, FE was earmarked to be more appropriate model for this study. The empirical findings show that the quality of institution significantly impacts on economic growth. Political stability, government effectiveness, rule of law and control of corruption in particular are significant variables. Regulatory quality, voice and accountability indicate insignificant effect on growth. The results suggest that governance that promotes strong institutions is an important condition for economic growth. Particular focus should be focused on enhancing political stability, government effectiveness, rule of law and control of corruption so as to attain economic development.

Keywords: Institutional quality; Economic growth; East Africa; Fixed effects. (search for similar items in EconPapers)
JEL-codes: C33 E20 O43 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.kspjournals.org/index.php/TER/article/download/1365/1375 (application/pdf)
http://www.kspjournals.org/index.php/TER/article/view/1365 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksp:journ2:v:4:y:2017:i:3:p:282-289

Access Statistics for this article

Turkish Economic Review is currently edited by Bilal KARGI

More articles in Turkish Economic Review from KSP Journals Istanbul, Turkey.
Bibliographic data for series maintained by Bilal KARGI ( this e-mail address is bad, please contact ).