Political instability, investment and economic growth in Sub-Saharan Africa

Journal of African Economies

Volumn 8, Issue 1, 1999, Pages 52-86

  Gyimah Brempong, Kwabena ^b   Traynor, Thomas L ^a  

^a WRIGHT STATE UNIVERSITY   (United States)

^b UNIVERSITY OF SOUTH FLORIDA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; INVESTMENT; POLITICAL INSTABILITY;

(SUB-SAHARA); AFRICA;

EID: 0032990460     PISSN: 09638024     EISSN: None     Source Type: Journal    
DOI: 10.1093/jae/8.1.52     Document Type: Article

References (48)

1. Alesina, A. and R. Perotti (1994) 'The Political Economy of Growth: A Critical Survey of the Literature', The World Bank Economic Review, 8 (3): 351-71.
2. Alesina, A.S., N. Ozler and P. Swagel (1995) 'Political Instability and Economic Growth (revised)', NBER Working Paper No. 4173, Cambridge MA.
3. Apraku, K.K. (1991) African Emigres in the United States: A Missing Link in Africa's Social and Economic Development, New York: Praeger.
4. Arellano, M. and S. Bond (1991) 'Some Tests of Specification for Panel Data: Monte Carlo Evidence and Application to Employment Equations', Review of Economic Studies, 58: 277-97.
5. Balassa, B. (1978) 'Exports and Economic Growth: Further Evidence', Journal of Development Economics, 5: 181-9.
6. Ball, N. (1984) Third World Security Expenditures: A Statistical Compendium, Stockholm: National Defense Research Institute.
7. Baltagi, B. (1995) The Econometric Analysis of Panel Data, New York: Wiley.
8. Banks, A.S. (1993) Cross-national Time-series Data Archives, Center for Social Analysis, State University of New York at Binghampton, Binghampton NY.
9. Barro, R.J. (1991) 'Economic Growth of Cross-section of Countries', Quarterly Journal of Economics, 106, 407-43.
10. Caselli, F., G. Esquivel and F. Lefort (1996) 'Reopening the Convergence Debate: A New Look at Cross-country Growth Empirics' , Journal of Economic Growth, 1: 363-89.
11. Chamberlain, G. (1983) 'Panel Data', in Z. Griliches and M.D. Intriligator (eds), Handbook of Econometrics, Vol. 2, Amsterdam: North Holland.
12. Deaton, A. and R. Miller (1995) International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa, Princeton Studies in International Finance, No. 79.
13. Devereux, M. and J.F. Wen (1996) 'Political Uncertainty, Capital Taxation and Growth', Mimeo, University of British Columbia.
14. Dunteman, G. (1984) Multivariate Analysis, Beverly Hills: Sage Publications.
15. Edwards, S. (1998) 'Openness, Productivity, and Growth: What do we Really Know?', Economic Journal, 108: 383-98.
16. Edwards, S. and G. Tabellini (1991) 'Political Instability, Political Weakness,and Inflation: An Empirical Analysis', NBER Working Paper No. 3721, Cambridge MA.
17. Feder, G. (1983) 'On Exports and Economic Growth', Journal of Development Economics, 12: 59-73.
18. Fosu, A.K. (1992) 'Political Instability and Economic Growth: Evidence from Sub-Saharan Africa', Economic Development and Cultural Change, 40 (4): 823-41.
19. Gyimah-Brempong, K. and T. Traynor (1996) 'Political Instability and Savings in Less developed Countries: Evidence from Sub-Saharan Africa', Journal of Development Studies, 32 (5): 695-714.
20. Hausman, J.A. (1978) 'Specification Tests in Econometrics', Econometrica, 46 (6): 1251-71.
21. Hirschman, A.O. (1956) A Strategy of Economic Development, New Haven: Yale University Press.
22. Holtz-Eakin, D., W. Newey and H. Rosen (1988) 'Estimating Vector Autoregressions with Panel Data', Econometrica, 56: 1371-95.
23. Islam, N. (1995) 'Growth Empirics: A Panel Data Approach', Quarterly Journal of Economics, 110: 1127-70.
24. Jackman, R.W. (1978) 'The Predictability of Coups d'état: A Model with African Data', American Political Review, 72: 1263-75.
25. Jenkins, C.J. and A.J. Kposowa (1990) 'Explaining Military Coups d'état: Black Africa 1957-1984', American Sociological Review, 55 (6): 861-75.
26. Johnson, T., R.O. Skater and P. McGowan (1984) 'Explaining African Coups d'état, 1960-1982', American Political Science Review, 78: 622-40.
27. Knack, S. and P. Keefer (1995) 'Institutions and Economic Performance: Cross-country Tests using Alternative Institutional Measures', Economics and Politics, 7: 207-27.
28. Knight, M., N. Loayza and D. Villanueva (1993) 'Testing the Neoclassical Theory of Economic Growth: A Panel Data Approach', IMF Staff Papers, 40 (3): 512-41.
29. Krueger, A.O. (1980) 'Trade Policy as an Input to Development', American Economic Review Papers and Proceedings, 70: 288-92.
30. Kuznets, S. (1966) Modern Economic Growth: Rate, Structure, and Spread, New Haven: Yale University Press.
31. Londregan, J.B. and K.T. Poole (1990) 'Poverty, The Coup Trap, and the Seizure of Executive Power', World Politics, 42 (2): 151-83.
32. McGowan, P. and T.H. Johnson (1994) 'African Military Coups d'état and Underdevelopment: A Quantitative Historical Analysis', Journal of Modern African Studies, 22 (4): 633-66.
33. North, D.C. (1990) Institutions, Institutional Change and Economic Performance, New York: Cambridge University Press.
34. Nuxoll, D.A. (1994) 'Differences in Relative Prices and International Differences in Growth Rates', American Economic Review 84 (5): 1423-36.
35. O'Kane, R. (1981) 'A Probabilistic Approach to the Causes of Coups d'état', British Journal of Political Science, 11: 287-308.
36. _ (1983) 'Towards and Examination of the General Causes of Coups d'état', European Journal of Political Research, 11: 27-44.
37. Olson, M. (1963) 'Rapid Growth as a Destabilizing Force', Journal of Economic History, 23 (4): 529-52.
38. Ozler, S. and D. Roderik (1992) 'External Shocks, Politics, and Private Investment: Some Theory and Empirical Evidence', Journal of Development Economics, 39: 141-62.
39. Powelson, J.P. (1972) Institutions of Economic Growth, Princeton: Princeton University Press
40. Rae, D. (1968) 'A Note on the Fractionalization of Some European Party Systems', Comparative Political Studies, 1: 413-18.
41. Ram, R. (1987) 'Exports and Economic Growth in Developing Countries: Evidence from Time Series and Cross Section Data', Economic Development and Cultural Change, 36 (1): 51-72.
42. Sanders, D. (1981) Patterns of Political Instability, New York: St Martin's Press.
43. Scully, G.W. (1988) 'The Institutional Framework and Economic Development', Journal of Political Economy, 96 (3): 652-62.
44. Svensson, J. (1998) 'Investment, Property Rights and Political Instability: Theory and Empirical Evidence', European Economic Review, 42 (7): 1317-41.
45. Wells, K. (1992) 'South African Violence Wounds Economy', Wall Street Journal, September 30.
46. World Bank (1984) Towards Sustained Development in Sub-Saharan Africa: A Joint Program of Action, Washington DC: World Bank Publications.
47. World Bank (1992) African Economic Indicators, Washington DC: World Bank Publications.
48. World Bank (1995) *STARS* World Data Tapes, Washington DC: World Bank Publications.