Institutional quality and economic growth: Empirical evidence from the Sudanese economy | Zendy

Constantinos Alexiou | Zendy; Persefoni Tsaliki | Zendy; Hashim Osman | Zendy

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Institutional quality and economic growth: Empirical evidence from the Sudanese economy

Author(s) -

Constantinos Alexiou,

Persefoni Tsaliki,

Hashim Osman

Publication year - 2014

Publication title -

economic annals

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.148

H-Index - 12

eISSN - 1820-7375

pISSN - 0013-3264

DOI - 10.2298/eka1403119a

Subject(s) - cointegration , prosperity , economics , quality (philosophy) , macroeconomics , empirical evidence , development economics , economic system , economic growth , econometrics , philosophy , epistemology

This study aims to explore the extent to which conventional methods used in the majority of relevant growth studies can successfully interpret the economic performance of a highly underdeveloped African country such as Sudan. Applying an ARDL boundstesting approach to cointegration proposed by Pesaran et al. (2001), we look into the short-run as well as long-run relationships between institutional and various other key economic variables and economic growth over the period 1972-2008. The empirical results obtained suggest that, for the Sudanese economy, the quality of the institutional environment is one of the most important factors in defining economic prosperity

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