Institutional Quality and Labour Productivity: Evidence from the Economic Community of West African States Countries

• 영문명: Institutional Quality and Labour Productivity: Evidence from the Economic Community of West African States Countries
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Dimitri Sanga Ehouman Williams Venance Ahouakan N'goran Assigno Frejus Adje
• 간행물 정보: 『Journal of Economic Integration』제37권 제3호, 540~557쪽, 전체 18쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2022.09.30

영문 초록

This study investigates how institutional quality influences labor productivity in West Africa. Thus, a panel of 15 Economic Community of West African States (ECOWAS) member states over the period 2005-2017 was considered. The panel was analyzed for the primary, secondary, and tertiary sectors. For the empirical analysis, a panel fixed effect regression was conducted based on a neoclassical framework. Results show that institutional quality improvement is overall associated with higher levels of productivity, regardless of the sector. Some specificities were also observed at the sectoral levels. Furthermore, the econometric analysis reconfirms a positive effect of investment and human capital on productivity. Therefore, improving institutional quality would be helpful for productivity growth in this sub-region. This event could enable ECOWAS member states to reap greater benefits from the implementation of the African Continental Free Trade Area agreement.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Methodology and Data

Ⅳ. Empirical Results

Ⅴ. Conclusion

References

키워드

institutional quality labor productivity Economic Community of West African States African Continental Free Trade Area