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Research Article | Open Access
Volume 8 | Issue 10 | Year 2021 | Article Id. IJEMS-V8I10P103 | DOI : https://doi.org/10.14445/23939125/IJEMS-V8I10P103

Institutions and Growth Volatility: The Case of Sub-Saharan African Countries

Yaya Aminou

Citation :

Yaya Aminou, "Institutions and Growth Volatility: The Case of Sub-Saharan African Countries," International Journal of Economics and Management Studies, vol. 8, no. 10, pp. 18-28, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I10P103

Abstract

In the context of recurrent crises and attention to the resilience of economies, this paper contributes to the literature by analyzing the effect of institutional quality on growth volatility in Sub-Saharan Africa. It covers the period 1980-2017 for a sample of 44 sub-Saharan African countries. Using system GMM estimators, the results show that institutional quality has a negative effect on economic growth volatility in Sub-Saharan Africa. This suggests that better institutions reduce the growing volatility in Sub-Saharan Africa. Because of these results, improving the quality of institutions should be among the priorities of economic policy in Sub-Saharan African countries to strengthen the economies' resilience.

Keywords

Institutions-democracy-growth volatility.

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