Institutions and the Economic Performance of Central African Countries - Theoretical Economics Letters

TEL > Vol.9 No.1, February 2019

Institutions and the Economic Performance of Central African Countries ()

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DOI: 10.4236/tel.2019.91004 1,011 Downloads 2,307 Views Citations

Author(s)

Chérif Sidy Kane¹, Elomo Zogo Thérèse², Idrissa Yaya Diandy¹

Affiliation(s)

¹Cheikh Anta DIOP, University of Dakar, Dakar, Senegal.
²University of Yaounde II, Yaounde, Cameroon.

ABSTRACT

The purpose of this paper is to examine the combined effect of political and economic institutions on the economic performance of the countries of Central Africa. To do this, we use dynamic panel data over the period 1996-2013. Using Principal Component Analysis (PCA) to understand the multidimensionality of institutions through a composite indicator, and applying the estimation technique based on the Generalized Moment Method (GAM) to capture the impact of institutions on economic performance, we arrive at the following result: analyzed individually or in combination, institutions constitute a real obstacle to economic performance in Central Africa.

KEYWORDS

Political and Economic Institutions, Economic Performance, PCA, GMM, Central Africa

Share and Cite:

Kane, C. , Thérèse, E. and Diandy, I. (2019) Institutions and the Economic Performance of Central African Countries. Theoretical Economics Letters, 9, 33-48. doi: 10.4236/tel.2019.91004.

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