Long-Term growth opportunities in Ethiopia

The paper attempts to investigate the role of institutions in the long-term growth performance of Ethiopia. In this study, it is hypothesized that the long-term growth of the country, apart from traditional factors of production i.e. capital and labor is largely influenced by institutional factors. To examine this, the study uses a times series data on important variables for the period 1967/68-2002/03, and employed Johansen cointegration analysis. The variables used are, institutional quality indicators, human capital, labor force, capital stock, road network, and rainfall. The findings of the paper support the above stated hypothesis. Institution and physical capital are found to be significant in both the long and short run models while human capital is found important only in the long run.


Keywords:
Editor(s):
Getnet, Alemu
Alemayehu, Seyoum
Alemu, Mekonnen
Eyob, Tesfaye
Gezahegn, Ayele
Diwan, Ishak
Issue Date:
2007-05
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 1993-3681 (Other)
PURL Identifier:
http://purl.umn.edu/249815
Published in:
Ethiopian Journal of Economics, Volume 14, Number 1
Page range:
27-48
Total Pages:
111
Series Statement:
ETHIOPIAN JOURNAL OF ECONOMICS
VOLUME XIV NUMBER 1 April 2005




 Record created 2017-04-01, last modified 2017-08-29

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)