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Full-Text Articles in Social and Behavioral Sciences
Determinants Of Institutional Quality In Sub-Saharan African Countries, Eyerusalem G. Siba
Determinants Of Institutional Quality In Sub-Saharan African Countries, Eyerusalem G. Siba
International Conference on African Development Archives
In this study, a number of factors have been considered as potential determinants of institutional quality in sub-Saharan African countries. The empirical analysis has shown that historical factors such as state legitimacy determine the quality of current institutions in the region. Foreign aid dependence is found to erode quality of governance as measured by rule of law, government effectiveness and control of corruption. Variability of aid is found to counterbalance the destructive nature of high level of aid dependence. However, the last result is not retained in the robust regression analysis performed. Countries with strong political constraints on the ruling …
Fiscal Response To External Finance: The Case Of Sub-Saharan Africa, Dawit Senbet, Aberra Senbeta
Fiscal Response To External Finance: The Case Of Sub-Saharan Africa, Dawit Senbet, Aberra Senbeta
International Conference on African Development Archives
The importance of capital accumulation for economic growth and hence development was widely recognized long time ago. However, developing countries - especially Sub-Saharan African countries, are still trapped in ‘vicious circle of poverty’ and failed to finance desired level of investment from their own domestic savings. Earlier models of development argued that these countries would come out of stagnation only if they got assistance from the developed world (Rodan 1961, and Chenery and Strout 1966). The two-gap model of Chenery and Strout (1966) showed that these countries are constrained with little domestic savings and foreign exchange earnings. The model predicted …
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa
International Conference on African Development Archives
The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …