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Evaluation of the Impact of State Business Relationship on the Economic Growth of Togo

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  • Somiyabalo BATCHA

    (Zhongnan University of Economics and Law Wuhan City, Hubei Province, P. R. China)

Abstract

The lack of adequate business-led development policy is negatively affecting the development of free entry into more profitable business in Togo. Thus, this is negatively affecting the external competitiveness of the country. This paper before evaluating the correlation between State Business Relationship (SBR) and Gross Domestic Product (GDP) has investigated and explored the weaknesses in the business environment of Togo. This research has developed a formula for the calculation of SBR index and investigated the relationship between SBR and GDP by using Eviews version 6. This research finds that SBR is significantly contributing to GDP, hence strongly contributing to growth in Togo from 1960 to 2010. However, poor governance, administration deficiencies, bad state of infrastructure are the primary factors constraining business in Togo. Thus this requires the formulation of good institutional framework to facilitate free entry into more profitable business to enhance the development of Togo.

Suggested Citation

  • Somiyabalo BATCHA, 2012. "Evaluation of the Impact of State Business Relationship on the Economic Growth of Togo," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(2), pages 380-391, December.
    • Handle: RePEc:rom:econmn:v:15:y:2012:i:2:p:380-391
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    References listed on IDEAS

    as
    1. Jorge Niosi, 2008. "Technology, Development and Innovation Systems: An Introduction," Journal of Development Studies, Taylor & Francis Journals, vol. 44(5), pages 613-621.
    2. Lundstrom, Susanna & Garrido, Leonardo, 2010. "Togo growth diagnostics," Policy Research Working Paper Series 5509, The World Bank.
    3. International Monetary Fund, 2009. "Togo: Selected Issues," IMF Staff Country Reports 2009/165, International Monetary Fund.
    4. Daron Acemoglu & Simon Johnson & James Robinson, 2005. "The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth," American Economic Review, American Economic Association, vol. 95(3), pages 546-579, June.
    5. International Monetary Fund, 2010. "Togo: Poverty Reduction Strategy Paper (2009-11)," IMF Staff Country Reports 2010/033, International Monetary Fund.
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    More about this item

    Keywords

    state business relationship index; gross domestic product; business environment.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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