IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-75556-0_38.html
   My bibliography  Save this book chapter

Market Governance and Emerging Economies in Africa: A Dynamic Panel Analysis

In: The Palgrave Handbook of Africa’s Economic Sectors

Author

Listed:
  • Toussaint Houeninvo

    (Country Economics Department, African Development Bank)

  • Germain Lankoande

    (National School of Applied Statistics and Economics)

Abstract

In the 1980s several African countries embarked on economic liberalization programs based on empirical evidence suggesting that liberalization promoted growth, and in the early 1990s they followed these programs with political liberalization. The programs yielded mixed results. This chapter contributes to the non-ideological debate on the appropriate development model by investigating the role of market governance in driving rapid growth and thereby positioning African countries on an emerging path. It uses fixed effects two-stage least squares analysis in a dynamic panel of 12 Sub-Saharan countries over 2003–18. The findings show that the total effect of the cost of doing business on economic growth is negative, unlike net foreign direct investment and population growth, which have positive and significant effects.

Suggested Citation

  • Toussaint Houeninvo & Germain Lankoande, 2022. "Market Governance and Emerging Economies in Africa: A Dynamic Panel Analysis," Springer Books, in: Evelyn F. Wamboye & Bichaka Fayissa (ed.), The Palgrave Handbook of Africa’s Economic Sectors, pages 977-994, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-75556-0_38
    DOI: 10.1007/978-3-030-75556-0_38
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-75556-0_38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.