n South African Journal of Economic and Management Sciences - Institutional quality, openness, and investment in Africa
|Article Title||Institutional quality, openness, and investment in Africa|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Author||Tonia Kandiero and Satish Wadhawan|
|Publication Date||Jun 2003|
|Pages||346 - 368|
ISI Social Science
This study supports the conventional wisdom that openness to trade is good for investment and economic growth. Whether this conclusion leaves space for institutional quality as a complimentary policy to determine the success of trade liberalization in Africa is the objective of this paper. The theoretical model and empirical analysis show how the behavior of government bureaucrats can be used to explain the impact on investment of the interaction between increased openness to trade and the quality of institutions. Empirical work is conducted using panel data observed over three periods: 1985-1990, 1990-1995, and 1995- 2000.
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