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Federal University Wukari, Taraba State, Nigeria

Analyzing Institutional Quality And Economic Growth In Sub-saharan Africa Using System Generalised Method Of Moments (SGMM)

Ogu Musa Akwe, Suleiman Salusi Maigari, Salimatu Rufai Mohammed

Keywords: Economic growth, Gross capital formation, Institutional quality,

Trade Openness

Abstract

Institutional quality is considered to be an important factor in enhancing economic growth of a country. This study investigates the impact of institutional quality on economic growth in Sub-Saharan Africa using the System Generalized Method of Moments estimation method to a

dynamic panel data for 40 Sub-Saharan Africa countries spanning from 2006-2020. The results of the System Generalized Method of Moments indicate that institutional quality has a significant and positive impact on the economic growth in the Sub-Saharan Africa region. The results

further revealed that gross capital formation and population have significant and positive effect on economic growth in the region. The study concludes that institutional quality enhances economic growth of Sub-Saharan African countries. The study recommends that governments of the region should encourage independence of institutions to promote economic growth in the region.

Author Biography

Ogu, Musa Akwe

Department of Social Science,

Kaduna Polytechnic, Kaduna, Nigeria

Suleiman Salusi Maigari

Department of Economics

Umar Musa Yar’Adua University, Katsina, Nigeria

Salimatu Rufai Mohammed

Department of Economics

Airforce Institute of Technology (AFIT), Kaduna, Nigeria

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