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Exploring the Impact of Institutional Quality and Economic Growth in West Africa

Abstract:
This study presents the theoretical and empirical evidence of institutional quality on economic growth in West Africa. The study employed two sources of institutional quality measures ranging from 1996-2018 and 1991-2017. The analysis is interactive, employing the General Method of Moments (GMM) estimation on a panel data. The result indicates a negative relationship between aggregate institutional quality index on economic growth but statistically significant at 5% and 10% level for the two data sources used for West Africa.