Institutional Quality and Economic Growth in Cameroon: An Application of the ARDL Approach
Institutional Quality and Economic Growth in Cameroon: An Application of the ARDL Approach
Author(s): Alhadj Malloum SaliSubject(s): National Economy, Economic policy, Economic development, Corruption - Transparency - Anti-Corruption
Published by: Editura Universitară Danubius
Keywords: Institutions; growth; ARDL model; corruption;
Summary/Abstract: This paper conducts an analysis of the effects of institutional quality on economic growth in Cameroon through an ARDL model. Using data from the World Bank over the period 1996-2019, we find that in the short run, the econometric estimates show that the corruption control variable positively affects economic growth. Specifically, a one point increase in the level of corruption leads to a 0.57% increase in the economic growth rate. However, it was found that in the long run, corruption has a negative effect on economic growth. The results corroborate the idea that corruption undermines economic performance in the long run. As an economic policy measure, efforts should be made to fight corruption.
Journal: Euro Economica
- Issue Year: 41/2022
- Issue No: 1
- Page Range: 17-37
- Page Count: 21
- Language: English
