149
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Services Trade and Institutional Quality: Evidence from Africa

ORCID Icon & ORCID Icon

References

  • Abreo, C., R. Bustillo, and C. Rodriguez. 2021. “The Role of Institutional Quality in the International Trade of a Latin American Country: Evidence from Colombian Export Performance.” Economic Structures 10 (1): 24. doi:10.1186/s40008-021-00253-5.
  • Acemoglu, D., and J. A. Robinson. 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Books.
  • Adam, I. O. 2020. “Examining E-Government Development Effects on Corruption in Africa: The Mediating Effects of ICT Development and Institutional Quality.” Technology in Society 61: 101245. doi:10.1016/j.techsoc.2020.101245.
  • Aghion, P., G. Angeletos, A. Banerjee, and K. Manova. 2010. “Volatility and Growth: Credit Constraints and the Composition of Investment.” Journal of Monetary Economics 57 (3): 246–265. doi:10.1016/j.jmoneco.2010.02.005.
  • Ali, M., F. Fhima, and R. Nouira. 2020. “How Does Corruption Undermine Banking Stability? A Threshold Nonlinear Framework.” Journal of Behavioural and Experimental Finance 27: 100365. doi:10.1016/j.jbef.2020.100365.
  • Alonso, J. A., and C. Garcimartin. 2013. “Determinants of Institutional Quality. More on the Debate.” Journal of International Development 25 (2): 206–226. doi:10.1002/jid.1710.
  • Álvárez, I. C., J. Barbero, A. Rodriguéz-Pose, and J. Zofió. 2018. “Does Institutional Quality Matter for Trade? Institutional Conditions in a Sectoral Trade Framework.” World Development 103: 72–87. doi:10.1016/j.worlddev.2017.10.010.
  • Anderson, J. E., and M. Marcoullier. 2002. “Insecurity and the Pattern of Trade: An Empirical Investigation.” The Review of Economics and Statistics 84 (2): 342–352. doi:10.1162/003465302317411587.
  • Aoki, M. 2001. Towards a Comparative Institutional Analysis. Cambridge: MIT Press.
  • Arshavskiy, A. 2019. Institutions and Comparative Advantage in Services Trade. Leibnitz Information Centre for Economics. Retrieved from http://hdl.handle.net/11159/4031.
  • Asiamah, O., S. K. Agyei, A. Bossman, E. A. Agyei, J. Asucam, and M. Arku-Asare. 2022. “Natural Resource Dependence and Institutional Quality: Evidence from Sub-Saharan Africa.” Resources Policy 79: 102967. doi:10.1016/j.resourpol.2022.102967.
  • AU. 2021. African Integration Report. Retrieved from: https://au.int/en/documents/african-integration-report-2021.
  • Auty, R. M. 2001. Resource Abundance and Economic Development. New York: Oxford University Press.
  • Bah, M., H. Ondoa, and K. D. Kpognon. 2021. “Effects of Governance on Exports in Sub-Saharan Africa.” International Economics 167: 1–14. doi:10.1016/j.inteco.2021.05.003.
  • Beck, T., R. Levine, and N. Loayza. 2000. “Finance and the Sources of Growth.” Journal of Financial Economics 58 (2): 261–300. doi:10.1016/S0304-405X(00)00072-6.
  • Bentler, P., and D. Bonett. 1980. “Significance Tests and Goodness of Fit in the Analysis of Covariance Structures.” Psychological Bulletin 88 (3): 588–606. doi:10.1037/0033-2909.88.3.588.
  • Besley, T., and T. Persson. 2011. “The Logic of Political Violence.” The Quarterly Journal of Economics 126 (3): 1411–1445. doi:10.1093/qje/qjr025.
  • Boldeanu, F. T. & L. Constantinescu. 2015. The Main Determinants Affect Economic Growth. Bulletin of the Transilvania University of Braşov, Series V: Economic Sciences Vol. 8 (57) No. 2–2015.
  • Bonaglia, F., J. B. de Macedo, and M. Bussolo. 2001. “How Globalization Improves Governance.” OECD Technical Papers 181. p. 40.
  • Browne, M. W., and R. Cudeck. 1992. “Alternative Ways of Assessing Model Fit, Sociological Methods and Research.” Sociological Methods & Research 21 (2): 230–258. doi:10.1177/0049124192021002005.
  • Buehn, A. & F. Schneider. 2009. Corruption and the Shadow Economy: A Structural Equation Model Approach. IZA DP No. 4182.
  • Candau, F., and T. Gbandi. 2019. “Trade and Institutions: Explaining Urban Giants.” Journal of Institutional Economics 15 (6): 1017–1035. doi:10.1017/S1744137419000328.
  • Cattaneo, N. 2020. Africa’s Trade in Services and the African Continental Free Trade Area Agreement. Johannesburg: South Africa Institute of International Affairs.
  • Chen, G., and J. de Abreu e Silva. 2014. “Estimating the Provincial Economic Impacts of High-Speed Rail in Spain: An Application of Structural Equation Modeling.” Procedia - Social and Behavioral Sciences 111: 157–165. doi:10.1016/j.sbspro.2014.01.048.
  • Chong, A., and L. Zanforlin. 2001. “Law Tradition and Institutional Quality: Some Empirical Evidence.” Journal of International Development 12 (8): 1057–1068. doi:10.1002/jid.681.
  • Collier, P., and A. Hoeffler. 1998. “On Economic Causes of Civil War.” Oxford Economic Papers 50 (4): 563–573. doi:10.1093/oep/50.4.563.
  • Collier, P., and A. Hoeffler. 2005. “Resource Rents, Governance, and Conflict.” The Journal of Conflict Resolution 49 (4): 625–633. doi:10.1177/0022002705277551.
  • Das, J., and C. Dirienzo. 2010. “Tourism Competitiveness and Corruption: A Cross-Country Analysis.” Tourism Economics 16 (3): 477–492. doi:10.5367/000000010792278392.
  • De Groot, H., G.-J. Linders & P. Rietveld. 2003. The Institutional Determinants of Bilateral Trade Patterns. Tinbergen Institute Working Paper No. 03-044/3. Retrieved from: https://papers.tinbergen.nl/03044.pdf.
  • Diop, M. 2017. Africa can enjoy leapfrog development. Retrieved from World Bank website: https://www.worldbank.org/en/news/opinion/2017/10/11/africa-can-enjoy-leapfrog-development.
  • Enache, M., E. Ghani & S. O’Connell. 2016. Structural Transformation in Africa: A Historical View. World Bank Policy Research Working Paper 7743.
  • Epo, B. N., and D. R. N. Faha. 2019. “Natural Resources, Institutional Quality, and Economic Growth: An African Tale.” European Journal of Development Research 32 (1): 99–128. doi:10.1057/s41287-019-00222-6.
  • Fernandéz, A. I., F. Gonzélez, and N. Suárez. 2016. “Banking Stability, Competition and Economic Volatility.” Journal of Financial Stability 22: 101–120. doi:10.1016/j.jfs.2016.01.005.
  • Gokcekus, O., and J. Knoerich. 2006. “Does Quality of Openness Affect Corruption?” Economics Letters 91 (2): 190–196. doi:10.1016/j.econlet.2005.11.015.
  • Golob, T. F. 2003. “Structural Equation Modeling for Travel Behavior Research, Transportation Research.” Part B: Methodological, Elsevier 37 (1): 1–25. doi:10.1016/S0191-2615(01)00046-7.
  • Greenwood, J., and B. Jovanovic. 1990. “Financial Development, Growth, and the Distribution of Income.” The Journal of Political Economy 98 (5): 1076–1107. doi:10.1086/261720.
  • The Guardian. 2007. The looting of Kenya. 31.8.2007. Retrieved from https://www.theguardian.com/world/2007/aug/31/kenya.topstories3
  • Gylfason, T. 2001. “Natural Resources, Education, and Economic Development.” European Economic Review 45 (4–6): 847–859. doi:10.1016/S0014-2921(01)00127-1.
  • Gylfason, T., Z. G. Herbertsson, and G. Zoega. 1999. “A Mixed Blessing: Natural Resources and Economic Growth.” Macroeconomics Dynamics 3 (2): 204–225. doi:10.1017/S1365100599011049.
  • Hayat, A. 2018. “FDI and Economic Growth: The Role of Natural Resources?” Journal of Economic Studies 45 (2): 283–295. doi:10.1108/JES-05-2015-0082.
  • Hayduk, L. A. 1987. Structural Equation Modeling with LISREL: Essentials and Advances. Baltimore, Md, USA: The John Hopkins University Press.
  • Hazari, B.R. 2011. Corruption and Tourism. In Tourism, trade and wealfare. Theoretical and Empirical Issues, edited by Hazari, B.R. and Hoschmand, R., 159–170. New York: Nova Science Publishers.
  • Hoeckman, B. 2017. Trade in Services. WIDER Working Paper 2017/31.
  • Howe, W. G. 1955. “Some Contributions to Factor Analysis.” doi:10.2172/4372110.
  • Igolkina, A. A., and M. G. Samsonova. 2018. “SEM: Structural Equation Modeling in Molecular Biology.” Biophysics 63 (2): 139–148. doi:10.1134/S0006350918020100.
  • Islam, R., and C. Montenegro. 2002. What Determines the Quality of Institutions? World Development Report: Building Institutions for Markets. Washington: World Bank.
  • ITC. 2022. Trade map. International Trade Centre. https://www.trademap.org/Index.aspx Accessed 21 January 2022.
  • Jansen, M. & H. K. Nordås 2004. Institutions, Trade Policy and Trade Flows. WTO Staff Working Paper ERSD–2004–02. 10.2139/ssrn.923544.
  • Johnson, S., J. Ostry & A. Subramanian. 2007. The Prospects for Sustained Growth in Africa: Benchmarking the Constraints. IMF Working Paper 07/52.
  • Joreskog, K. G. 1973. “A General Method for Estimating a Linear Structural Equation System.” In Structural Equation Models in the Social Sciences, edited by A. S. Goldberger and O. D. Duncan, 83–112. New York: Academic Press.
  • Joreskog, K. G., and D. Sorbom. 1993. Lisrel 8: Structured Equation Modeling with the Simplis Command Language. Chicago: Scientific Software International.
  • Kaufmann, D., A. Kraay, & M. Mastruzzi. 2010. The Worldwide Governance Indicators: Methodology and Analytical Issues. World Bank Policy Research Working Paper No. 5430.
  • Kenny, D. A., and D. B. McCoach. 2003. “Effect of the Number of Variables on Measures of Fit in Structural Equation Modeling.” Structural Equation Modeling: A Multidisciplinary Journal 10 (3): 333–351. doi:10.1207/S15328007SEM1003_1.
  • Kim, S., & S. C. Park. 2020. Institutional Quality, Trade Costs and Comparative Advantage. Korea Institute for International Economic Policy Working Paper 19-06. Retrieved from: https://www.kiep.go.kr/eng/.
  • Kline, R. B. 2011. Principles and Practice of Structural Equation Modeling. 3rd ed. New York, NY, USA: The Guilford Press.
  • Kolstad, I., and A. Wiig. 2012. “Better the Devil You Know? Chinese Foreign Direct Investment in Africa.” Journal of African Business 13 (2): 101–108.
  • Lawley, D. N. 1940. “VI.—The Estimation of Factor Loadings by the Method of Maximum Likelihood.” Proc R Stat Society of Edinburgh 60 (1): 64–82. doi:10.1017/S037016460002006X.
  • Lawley, D. N. 1943. “The Application of the Maximum Likelihood Method to Factor Analysis.” British Journal of Psychology 33 (3): 172–175. doi:10.1111/j.2044-8295.1943.tb01052.x.
  • Lawley, D. N. 1958. “Estimation in Factor Analysis Under Various Initial Assumptions.” British Journal of Psychology 11 (1): 1–12. doi:10.1111/j.2044-8317.1958.tb00186.x.
  • Levchenko, A. 2007. “Institutional Quality and International Trade.” The Review of Economic Studies 74 (3): 791–819. doi:10.1111/j.1467-937X.2007.00435.x.
  • Levchenko, A. 2008. International Trade and Institutional Change. Discussion Paper No. 579. Retrieved from https://fordschool.umich.edu/rsie/workingpapers/Papers576-600/r579.pdf
  • Levchenko, A. 2016. The Impact of Trade Openness on Institutions. World Development Report. Working Paper.
  • López-Córdova, J., and C. Meissner. 2008. “The Impact of International Trade on Democracy: A Long-Run Perspective.” World Politics 60 (4): 539–575. doi:10.1353/wp.0.0016.
  • MacCallum, R. C., and J. T. Austin. 2000. “Applications of Structural Equation Modeling in Psychological Research.” Annual Review of Psychology 51 (1): 201–226. doi:https://doi.org/10.1146/annurev.psych.51.1.201.
  • McMillan, M. & D. Rodrik. 2011. Globalisation, Structural Change and Productivity Growth. NBER Working Paper 17143. Retrieved from https://www.nber.org/papers/w17143.
  • Newfarmer, R. S., J. Page, and F. Tarp. 2018. Industries Without Smokestacks: Industrialization in Africa Reconsidered. Oxford: WIDER Studies in Development Economics. Oxford University Press.
  • Nicolini, M. 2011. “On the Evolution of Institutional Comparative Advantages.” Structural Change and Economic Dynamics 22 (2): 162–172. doi:10.1016/j.strueco.2010.12.003.
  • Nunn, N., and D. Trefler. 2014. “Domestic Institutions as a Source of Comparative Advantage.” In Handbook of International Economics, edited by G. Gopinath, E. Helpman, and K. Rogof, 263–315. Vol. 4. Amsterdam: Elsevier.
  • Omgba, L. D. 2010. Trois Essais sur l’Economie Politique de la Rente Pétrolière dans les Etats africains. Université d’Auvergne-Clermont-Ferrand I: Thèse Nouveau Régime.
  • Osei, D. B., Y. A. Sare, and M. Ibrahim. 2019. “On the Determinants of Trade Openness in Low- and Lower-Middle-Income Countries in Africa: How Important is Economic Growth?” Future Business Journal 5 (2). doi:10.1186/s43093-019-0002-8.
  • Osinubi, T. T., O. B. Osinubi, M. I. Tabash, A. O. Ajayi, and D. K. Tran. 2020. “The Impact of Corruption on Tourism Sector in Nigeria: Empirical Insights by Using an Autoregressive Distributed Lag Bounds Testing Approach.” International Journal of Hospitality & Tourism Administration 23 (6): 1125–1144. doi:10.1080/15256480.2021.1905583.
  • Page, J. 2018. Rethinking Africa’s structural transformation. Retrieved from https://www.brookings.edu/research/rethinking-africas-structural-transformation/
  • Pellegrini, L., and R. Gerlagh. 2008. “Causes of Corruption: A Survey of Cross-Country Analyses and Extended Results.” Economics of Governance 9 (3): 245–263. doi:10.1007/s10101-007-0033-4.
  • Poprawe, M. 2015. “A Panel Data Analysis of the Effect of Corruption on Tourism.” Applied Economics 47 (23): 2399–2412. doi:10.1080/00036846.2015.1005874.
  • Pugesek, B., A. Tomer, and A. von Eye, Eds. 2003. Structural Equation Modeling: Applications in Ecological and Evolutionary Biology. Cambridge: Cambridge University Press. doi:10.1017/CBO9780511542138.
  • Raykov, R., and G. A. Marcoulides. 2000. A First Course in Structural Equation Modeling. Mahwah, NJ, USA: Lawrence Erlbaum Associates.
  • Reale, F. 2019. “Comparative Institutional Advantage: An Obituary.” Journal of Institutional Economics 15 (4): 569–578. doi:10.1017/S1744137418000474.
  • Rigobon, R. & R. Rodrik. 2004. Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships, NBER Working Paper no. 10750.
  • Robinson, J. A., R. Torvik, and T. Verdier. 2006. “Political Foundations of the Resource Curse.” Journal of Development Economics 79 (2): 447–468. doi:10.1016/j.jdeveco.2006.01.008.
  • Rodrik, D. 2013. “When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations.” Journal of Economic Perspective 27 (4): 189–208. doi:10.1257/jep.28.1.189.
  • Rodrik, D. 2014. An African Growth Miracle? NBER Working Paper Series No. 20188.
  • Rodrik, D., A. Subramanian, and F. Trebbi. 2004. “Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development.” Journal of Economic Growth 9 (2): 131–165. doi:10.1023/B:JOEG.0000031425.72248.85.
  • Rogowski, R. 1989. Commerce and Coalitions. How Trade Affects Domestic Political Alignments. Princeton, NJ: Princeton University Press.
  • Ross, M. L. 2001. “Does Oil Hinder Democracy?” World Politics 53 (3): 325–361. doi:10.1353/wp.2001.0011.
  • Sachs, J. D., and A. M. Warner. 1999. “The Big Rush, Natural Resource Booms and Growth.” Journal of Development Economics 59 (1): 43–76. doi:10.1016/S0304-3878(99)00005-X.
  • Sachs, J. D., and A. M. Warner. 2001. “Natural Resources and Economic Development: The Curse of Natural Resources.” European Economic Review 45 (4–6): 827–838. doi:10.1016/S0014-2921(01)00125-8.
  • Saha, S., and G. Yap. 2015. “Corruption and Tourism: An Empirical Investigation in a Non-Linear Framework.” International Journal of Tourism Research 17 (3): 278–281. doi:10.1002/jtr.1985.
  • Sala-I-Martin, X., and A. Subramanian. 2013. “Addressing the Natural Resource Curse: An Illustration from Nigeria.” Journal of African Economies 22 (4): 570–615. doi:10.1093/jae/ejs033.
  • Schneider, G. 2011. “Comparative Institutional Advantage and the Appropriate Model for Sub-Saharan Africa.” Forum for Social Economics 37 (2): 115–124. doi:10.1007/s12143-008-9015-8.
  • Schumacker, R. E., and R. G. Lomax. 2004. A Beginner’s Guide to Structural Equation Modeling. 2nd ed. New York, NY, USA: Taylor & Francis.
  • Shipley, B. 2000. Cause and Correlation in Biology: A User’s Guide to Path Analysis, Structural Equations and Causal Inference. Cambridge, UK: Cambridge University Press.
  • Thacker, J. W., M. W. Fields, and L. E. Tetrick. 1989. “The Factor Structure of Union Commitment: An Application of Confirmatory Factor Analysis.” The Journal of Applied Psychology 74 (2): 228–232. doi:10.1037/0021-9010.74.2.228.
  • UNCTAD. 2014. Services Policy Review: Uganda II. Retrieved from: https://unctad.org/system/files/official-document/ditctncd2013d12_en.pdf
  • UNCTAD. 2020. Services Policy Review: Ecowas I. Retrieved from: https://unctad.org/system/files/official-document/ditctncd2020d1_en_0.pdf
  • UNCTAD. 2022a. Total Trade in Services 2021. E-handbook of Statistics. Retrieved from https://hbs.unctad.org/total-trade-in-services/Accessed30 March 2022.
  • UNCTAD. 2022b. UNCTAD Statistics. Retrieved from https://unctadstat.unctad.org/EN/ Accessed 31 January 2022.
  • Usman, K. 2011. Does Trade Openness Affect Institutional Quality? Lund University, Master Thesis.
  • Van der Marel, E. & B. Shepherd. 2011. Services Trade, Regulation, and Regional Integration: Evidence from Sectoral Data. MPRA Paper 34343, University Library of Munich, Germany.
  • Wandeda, D., W. Masai, and S. Nyandemo. 2021. “Institutional Quality and Economic Growth: Evidence from Sub-Saharan African Countries.” African Journal of Economic Review IX (IV).
  • Wantchekon, L. 2002. “Why Do Resource Dependent Countries Have Authoritarian Governments.” Journal of African Finance and Economic Development 5 (2): 57–77.
  • Washington, S., M. G. Karaftis, and F. Mannering. 2003. Statistical and Econometric Methods for Transportation Data Analysis. 1st. Chapman and Hall/CRC. Retrieved from. doi:10.1201/9780203497111
  • World Bank. 2016. Africa’s Unexplored Potential of Trade in Services. Washington. https://www.worldbank.org/en/news/feature/2016/08/04/africas-unexplored-potential-of-trade-in-services Accessed 20 February 2022.
  • World Bank. 2022a. World Development Indicators. Retrieved fom https://databank.worldbank.org/source/world-development-indicators Accessed 13 January 2022.
  • World Bank. 2022b. World Governance Indicators. Retrieved from http://info.worldbank.org/governance/wgi/ Accessed 10 January 2022.
  • Yushi, J., and D. Borojo. 2019. “The Impacts of Institutional Quality and Infrastructure on Overall and Intra-African Trade.” Economics 13 (1): 20190010. doi:10.5018/economics-ejournal.ja.2019-10.
  • Yusuf, H. A., L. O. Afolabi, W. O. Shittu, K. L. Gold, and M. Muhammad. 2021. “Institutional Quality and Trade Flow: Empirical Evidence from Malaysia and Other OIC Member Countries in Africa.” Insight on Africa 13 (2): 177–191. doi:10.1177/0975087820987174.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.