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Managing Risk in Africa Through Institutional Reform

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  • Phillip LeBel

Abstract

African economies have experienced weak levels of growth in per capita income over the past decade. While standard models of growth suggest institutional governance as one key to success, thus far little attention has been given to the role of risk in institutional reform. In this paper, we use a nested panel regression model to estimate the economic value of institutional reform on economic growth, with data for 30 Sub-Saharan African countries from 1980–2004. Our findings provide a basis for measuring the economic value of institutional reform through its impact on reducing aggregate country risk. Copyright International Atlantic Economic Society 2008

Suggested Citation

  • Phillip LeBel, 2008. "Managing Risk in Africa Through Institutional Reform," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 36(2), pages 165-181, June.
    • Handle: RePEc:kap:atlecj:v:36:y:2008:i:2:p:165-181
    DOI: 10.1007/s11293-008-9113-2
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    Cited by:

    1. Sang-Heui Lee & Jay Wyk, 2015. "National institutions and logistic performance: a path analysis," Service Business, Springer;Pan-Pacific Business Association, vol. 9(4), pages 733-747, December.
    2. Lahimer, Noomen, 2009. "La contribution des investissements directs étrangers à la réduction de la pauvreté en Afrique subsaharienne," Economics Thesis from University Paris Dauphine, Paris Dauphine University, number 123456789/1167 edited by Goaied, Mohamed & Bienaymé, Alain.

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    More about this item

    Keywords

    Aggregate country risk; Economics of institutions; Africa; O10; O50; P00;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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