ABSTRACT
In line with the search for the real determinant of economic growth, this work sought to
analyze the impact of institutional quality, government expenditure on economic growth,
using a panel data analysis for four selected West African Countries (Nigeria, Ghana,
Sierra Leone and Burkina Faso) from 2005 to 2013. The study found a positive and
significant relationship between some institutions – economic institutions, on economic
growth whereas political institutions showed a negative and insignificant effect on
economic growth in Nigeria, Ghana, Sierra Leone and Burkina Faso. Also the empirical
findings reveal a very positive and significant impact of government expenditure on
economic growth and finally, structural policy institution was found to impact positively
on the government expenditure outcomes in these countries, throughout the period of
study. Based on the findings, the researcher recommends a concerted effort towards
sanitizing the various institutions in order to improve on the policy making and execution
of the various countries and by implication increase economic growth in countries. Also
governments should channel their public expenditure endeavors towards the productive
sector (Education, Health etc) and on the provision of the requisite developmental
infrastructures. Finally, institutions play a vital role in the achievement of sustainable
growth and development.
EKENEDILICHUKWU.A., O (2021). Institutional Quality, Government Expenditure And Economic Growth: Panel Evidence From Four Selected West African Countries. Afribary. Retrieved from https://afribary.com/works/institutional-quality-government-expenditure-and-economic-growth-panel-evidence-from-four-selected-west-african-countries
EKENEDILICHUKWU.A., OZIOKO "Institutional Quality, Government Expenditure And Economic Growth: Panel Evidence From Four Selected West African Countries" Afribary. Afribary, 14 May. 2021, https://afribary.com/works/institutional-quality-government-expenditure-and-economic-growth-panel-evidence-from-four-selected-west-african-countries. Accessed 22 Nov. 2024.
EKENEDILICHUKWU.A., OZIOKO . "Institutional Quality, Government Expenditure And Economic Growth: Panel Evidence From Four Selected West African Countries". Afribary, Afribary, 14 May. 2021. Web. 22 Nov. 2024. < https://afribary.com/works/institutional-quality-government-expenditure-and-economic-growth-panel-evidence-from-four-selected-west-african-countries >.
EKENEDILICHUKWU.A., OZIOKO . "Institutional Quality, Government Expenditure And Economic Growth: Panel Evidence From Four Selected West African Countries" Afribary (2021). Accessed November 22, 2024. https://afribary.com/works/institutional-quality-government-expenditure-and-economic-growth-panel-evidence-from-four-selected-west-african-countries