Institutional quality, openness, and investment in Africa
Loading...
Date
Authors
Kandiero, Tonia
Wadhawan, Satish
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Economic and Management Sciences, University of Pretoria
Abstract
This study supports the conventional wisdom that openness to trade is good for investment and economic growth. Whether this conclusion leaves space for institutional quality as a complimentary policy to determine the success of trade liberalization in Africa is the objective of this paper. The theoretical model and empirical analysis show how the behavior of government bureaucrats can be used to explain the impact on investment of the interaction between increased openness to trade and the quality of institutions. Empirical work is conducted using panel data observed over three periods: 1985-1990, 1990-1995, and 1995- 2000.
Description
Keywords
Institutional quality, Openness to trade, Investment, Economic growth, African trade liberalization
Sustainable Development Goals
Citation
Kandiero, T & Wadhawan, S 2003, 'Institutional quality, openness, and investment in Africa', South African Journal of Economic and Management Sciences, vol. 6, no. 2, pp. 346-368. [http://www.journals.co.za/ej/ejour_ecoman.html]