Drivers of Economic Growth - The Special Case of Sub-Saharan Africa

While global studies on the relationship between democratic institutions and economic pros­perity are useful to derive general tendencies, a more insightful analysis is possible by inves­tigating smaller entities. In this study, we focus on a panel of African countries located in the Sub-Saharan reg...

Verfasser: Helfer, Helena
Dokumenttypen:Arbeitspapier
Medientypen:Text
Erscheinungsdatum:2022
Publikation in MIAMI:29.04.2024
Datum der letzten Änderung:29.04.2024
Quelle:Diskussionspapier des Centrums für Interdisziplinäre Wirtschaftsforschung, (2022) 3
Angaben zur Ausgabe:[Electronic ed.]
Schlagwörter:Democracy; Economic Prosperity; Bundled Measurement; MENA; Sub-Sahara Africa; South America
Fachgebiet (DDC):330: Wirtschaft
Lizenz:CC BY-SA 4.0
Sprache:Englisch
Format:PDF-Dokument
URN:urn:nbn:de:hbz:6-46988656479
Weitere Identifikatoren:DOI: 10.17879/46988658510
Permalink:https://nbn-resolving.de/urn:nbn:de:hbz:6-46988656479
Onlinezugriff:ciw-dp_2022_03_helfer.pdf

While global studies on the relationship between democratic institutions and economic pros­perity are useful to derive general tendencies, a more insightful analysis is possible by inves­tigating smaller entities. In this study, we focus on a panel of African countries located in the Sub-Saharan region between 1995 and 2016, which provides a solid foundation for empirical analysis and allows for multi-facetted interpretation, especially considering that we observe instability of democratic structures in some parts of this country duster. The study employs a composite index for measuring democratic institutions. This approach is especially insightful since it takes interrelations between political, economic and societal institutions into account that tend to be overlooked in many studies, which estimate effects of single indicators only. As of now, we find that societal institutions are the most conductive to growth in the region.