140
Views
2
CrossRef citations to date
0
Altmetric
Articles / Articles

Does economic complexity enhance governance quality in Africa?

ORCID Icon, ORCID Icon & ORCID Icon
Pages 306-331 | Received 22 Dec 2022, Accepted 17 Sep 2023, Published online: 27 Oct 2023

References

  • Acemoglu, D., F. A. Gallego, and J. A. Robinson. 2014. “Institutions, Human Capital, and Development.” Annual Review of Economics 6 (1): 875–912. https://doi.org/10.1146/annurev-economics-080213-041119.
  • Acemoglu, D., S. Johnson, and J. A. Robinson. 2001. “The Colonial Origins of Comparative Development: An Empirical Investigation.” American Economic Review 91 (5): 1369–1401. https://doi.org/10.1257/aer.91.5.1369.
  • Acemoglu, D., and J. A. Robinson. 2012. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. New York: Crown Business.
  • Agosin, M. R. 2009. “Export Diversification and Growth in Emerging Economies.” CEPAL Review 97: 115–131. https://doi.org/10.18356/27e5d46c-en.
  • Aidt, T., J. Dutta, and V. Sena. 2008. “Governance Regimes, Corruption and Growth: Theory and Evidence.” Journal of Comparative Economics 36 (2): 195–220. https://doi.org/10.1016/j.jce.2007.11.004.
  • Ajide, K. B., J. I. Adenuga, and I. D. Raheem. 2020. “Natural Resource Rents, Political Regimes and Terrorism in Africa.” International Economics 162: 50–66. https://doi.org/10.1016/j.inteco.2020.04.003.
  • Albeaik, S., M. Kaltenberg, M. Alsaleh, and C. A. Hidalgo. 2017. “Improving the Economic Complexity Index.” arXiv preprint arXiv:1707.05826.
  • Alonso, J. A., and C. Garcimartín. 2013. “The Determinants of Institutional Quality. More on the Debate.” Journal of International Development 25 (2): 206–226. https://doi.org/10.1002/jid.1710.
  • Alonso, J. A., C. Garcimartin, and V. Kvedaras. 2020. “Determinants of Institutional Quality: An Empirical Exploration.” Journal of Economic Policy Reform 23 (2): 229–247. https://doi.org/10.1080/17487870.2020.1719102.
  • Altunbaş, Y., and J. Thornton. 2012. “Does Financial Development Reduce Corruption?” Economics Letters 114 (2): 221–223. https://doi.org/10.1016/j.econlet.2011.08.020.
  • Antonietti, R., and C. Franco. 2021. “From FDI to Economic Complexity: A Panel Granger Causality Analysis.” Structural Change and Economic Dynamics 56: 225–239. https://doi.org/10.1016/j.strueco.2020.11.001.
  • Arellano, M., and S. Bond. 1991. “Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.” The Review of Economic Studies 58 (2): 277–297. https://doi.org/10.2307/2297968.
  • Arellano, M., and O. Bover. 1995. “Another Look at the Instrumental Variable Estimation of Errorcomponents Models.” Journal of Econometrics 68 (1): 29–51. https://doi.org/10.1016/0304-4076(94)01642-D.
  • Asongu, S. A., and N. Biekpe. 2018. “Globalization and Terror in Africa.” International Economics 156: 86–97. https://doi.org/10.1016/j.inteco.2017.12.005.
  • Asongu, S., and J. Nwachukwu. 2015. “The Incremental Effect of Education on Corruption: Evidence of Synergy from Lifelong Learning.” Economics Bulletin 35 (4): 2288–2308.
  • Asongu, S. A., and J. C. Nwachukwu. 2016. “Foreign Aid and Governance in Africa.” International Review of Applied Economics 30 (1): 69–88. https://doi.org/10.1080/02692171.2015.1074164.
  • Asongu, S. A., and J. C. Nwachukwu. 2016a. “The Role of Lifelong Learning on Political Stability and Non Violence: Evidence from Africa.” Journal of Economic Studies 43 (1): 141–164. https://doi.org/10.1108/JES-06-2014-0087.
  • Asongu, S. A., and J. C. Nwachukwu. 2016b. “The Mobile Phone in the Diffusion of Knowledge for Institutional Quality in sub-Saharan Africa.” World Development 86: 133–147. https://doi.org/10.1016/j.worlddev.2016.05.012.
  • Asongu, S. A., and J. C. Nwachukwu. 2016c. “The Role of Governance in Mobile Phones for Inclusive Human Development in Sub-Saharan Africa.” Technovation 55-56: 1–13. https://doi.org/10.1016/j.technovation.2016.04.002.
  • Asongu, S. A., and J. C. Nwachukwu. 2017. “The Impact of Terrorism on Governance in African Countries.” World Development 99: 253–270. https://doi.org/10.1016/j.worlddev.2017.05.023.
  • Atangana, H. 2019. “Natural Resources Curse: A Reality in Africa.” Resources Policy 63: 101406. https://doi.org/10.1016/j.resourpol.2019.101406.
  • Avom, D., B. Kamguia, and J. P. Ngameni. 2021. “Does Volatility Hinder Economic Complexity?” Economics Bulletin 41 (3): 1187–1202.
  • Azizi, Z., F. Daraei, and A. N. Boroujeni. 2019. “The Impact of Economic Complexity on Environmental Pollution.” Economic Development Policy 7 (2): 201–219.
  • Badinger, H., and E. Nindl. 2014. “Globalisation and Corruption, Revisited.” The World Economy 37 (10): 1424–1440. https://doi.org/10.1111/twec.12156.
  • Bahar, D., R. Hausmann, and C. A. Hidalgo. 2014. “Neighbors and the Evolution of the Comparative Advantage of Nations: Evidence of International Knowledge Diffusion?” Journal of International Economics 92 (1): 111–123. https://doi.org/10.1016/j.jinteco.2013.11.001.
  • Baum, C. F., M. E. Schaffer, and S. Stillman. 2007a. “Enhanced Routines for Instrumental Variables/Generalized Method of Moment’s Estimation and Testing.” The Stata Journal: Promoting Communications on Statistics and Stata 7 (4): 465–506. https://doi.org/10.1177/1536867X0800700402.
  • Baum, C. F., M. E. Schaffer, and S. Stillman. 2007b. ivreg2: Stata Module for Extended Instrumental Variables/2SLS, GMM and AC/HAC, LIML and k-class Regression. http://ideas.repec.org/c/boc/bocode/s425401.html.
  • Bhattacharyya, S., and R. Hodler. 2010. “Natural Resources, Democracy and Corruption.” European Economic Review 54 (4): 608–621. https://doi.org/10.1016/j.euroecorev.2009.10.004.
  • Blackburn, K., and G. F. Forgues-Puccio. 2009. “Why is Corruption Less Harmful in Some Countries Than in Others?” Journal of Economic Behavior & Organization 72 (3): 797–810. https://doi.org/10.1016/j.jebo.2009.08.009.
  • Blundell, R., and S. Bond. 1998. “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.” Journal of Econometrics 87 (1): 115–143. https://doi.org/10.1016/S0304-4076(98)00009-8.
  • Buchanan, B. G., Q. V. Le, and M. Rishi. 2012. “Foreign Direct Investment and Institutional Quality: Some Empirical Evidence.” International Review of Financial Analysis 21: 81–89. https://doi.org/10.1016/j.irfa.2011.10.001.
  • Canh, N. P., C. Schinckus, and S. D. Thanh. 2020. “The Natural Resources Rents: Is Economic Complexity a Solution for Resource Curse?” Resources Policy 69: 101800. https://doi.org/10.1016/j.resourpol.2020.101800.
  • Carmignani, F., and D. Avom. 2010. “The Social Development Effects of Primary Commodity Export Dependence.” Ecological Economics 70 (2): 317–330. https://doi.org/10.1016/j.ecolecon.2010.09.003.
  • Cherif, R., F. Hasanov, and L. Wang. 2018. Sharp Instrument: A Stab at Identifying the Causes of Economic Growth. Washington DC: International Monetary Fund.
  • Chong, A., and M. Gradstein. 2007. “Inequality and Institutions.” Review of Economics and Statistics 89 (3): 454–465. https://doi.org/10.1162/rest.89.3.454.
  • Chu, L. K., and D. P. Hoang. 2020. “How Does Economic Complexity Influence Income Inequality? New Evidence from International Data.” Economic Analysis and Policy 68: 44–57. https://doi.org/10.1016/j.eap.2020.08.004.
  • Dixit, A. 2009. “Governance Institutions and Economic Activity.” American Economic Review 99 (1): 5–24. https://doi.org/10.1257/aer.99.1.5.
  • Dzhumashev, R., and A. Hailemariam. 2021. “Foreign Aid and the Quality of Economic Institutions.” European Journal of Political Economy 68: 102001.
  • Fang, J., G. Gozgor, M. K. Mahalik, H. Padhan, and R. Xu. 2021. “The Impact of Economic Complexity on Energy Demand in OECD Countries.” Environmental Science and Pollution Research, 33771–33780.
  • Farzanegan, M. R., C. Lessmann, and G. Markwardt. 2018. “Natural Resource Rents and Internal Conflicts: Can Decentralization Lift the Curse?” Economic Systems 42 (2): 186–205. https://doi.org/10.1016/j.ecosys.2017.05.009.
  • Ferrarini, B., and P. Scaramozzino. 2016. “Production Complexity, Adaptability and Economic Growth.” Structural Change and Economic Dynamics 37: 52–61. https://doi.org/10.1016/j.strueco.2015.12.001.
  • Fukumi, A., and S. Nishijima. 2010. “Institutional Quality and Foreign Direct Investment in Latin America and the Caribbean.” Applied Economics 42 (14): 1857–1864. https://doi.org/10.1080/00036840701748979.
  • Globerman, S., and D. Shapiro. 2002. “Global Foreign Direct Investment Flows: The Role of Governance Infrastructure.” World Development 30 (11): 1899–1919. https://doi.org/10.1016/S0305-750X(02)00110-9.
  • Gnangnon, S. K. 2021. “Multilateral Trade Liberalization and Democracy: Does Export Product Diversification Matter?” Journal of International Commerce, Economics and Policy 12 (01): 2150002. https://doi.org/10.1142/S1793993321500022.
  • Guadalupe, M., O. Kuzmina, and C. Thomas. 2012. “Innovation and Foreign Ownership.” American Economic Review 102 (7): 3594–3627. https://doi.org/10.1257/aer.102.7.3594.
  • Güneri, B., and A. Y. Yalta. 2021. “Does Economic Complexity Reduce Output Volatility in Developing Countries?” Bulletin of Economic Research 73 (3): 411–431. https://doi.org/10.1111/boer.12257.
  • Hartmann, D. 2014. Economic Complexity and Human Development: How Economic Diversification and Social Networks Affect Human Agency and Welfare. London and New York: Taylor & Francis.
  • Hartmann, D., M. R. Guevara, C. Jara-Figueroa, M. Aristarán, and C. A. Hidalgo. 2017. “Linking Economic Complexity, Institutions, and Income Inequality.” World Development 93: 75–93. https://doi.org/10.1016/j.worlddev.2016.12.020.
  • Hausmann, R., J. Hwang, and D. Rodrik. 2007. “What You Export Matters.” Journal of Economic Growth 12 (1): 1–25. https://doi.org/10.1007/s10887-006-9009-4.
  • Hausmann, R., C. A. Hidalgo, S. Bustos, M. Coscia, and A. Simoes. 2014. The Atlas of Economic Complexity: Mapping Paths to Prosperity. Cambridge, MA: Mit Press.
  • Hidalgo, C. A., and R. Hausmann. 2009. “The Building Blocks of Economic Complexity.” Proceedings of the National Academy of Sciences 106 (26): 10570–10575. https://doi.org/10.1073/pnas.0900943106.
  • Human Security Centre. 2005. Human Security Report 2005: War and Peace in the 21st Century. Oxford: Oxford University Press.
  • Kaiser, H. F. 1974. “An Index of Factorial Simplicity.” Psychometrika 39 (1): 31–36. https://doi.org/10.1007/BF02291575.
  • Kamguia, B., S. Tadadjeu, C. Miamo, and H. Njangang. 2022. “Does Foreign aid Impede Economic Complexity in Developing Countries?” International Economics 169: 71–88. https://doi.org/10.1016/j.inteco.2021.10.004.
  • Kaufmann, D., A. Kraay, and M. Mastruzzi. 2010. The Worldwide Governance Indicators: Methodology and Analytical Issues. World Bank policy research working paper (5430).
  • Khan, H., U. Khan, and M. A. Khan. 2020. “Causal Nexus Between Economic Complexity and FDI: Empirical Evidence from Time Series Analysis.” The Chinese Economy 53 (5): 374–394. https://doi.org/10.1080/10971475.2020.1730554.
  • Kleibergen, F., and R. Paap. 2006. “Generalized Reduced Rank Tests Using the Singular Value Decomposition.” Journal of Econometrics 133 (1): 97–126. https://doi.org/10.1016/j.jeconom.2005.02.011.
  • Kolstad, I., and A. Wiig. 2018. “Diversification and Democracy.” International Political Science Review 39 (4): 551–569. https://doi.org/10.1177/0192512116679833.
  • Kuzmina, O., N. Volchkova, and T. Zueva. 2014. “Foreign Direct Investment and Governance Quality in Russia.” Journal of Comparative Economics 42 (4): 874–891. https://doi.org/10.1016/j.jce.2014.08.001.
  • Lapatinas, A. 2016. “Economic Complexity and Human Development: A Note.” Economics Bulletin 36 (3): 1441–1452.
  • Lee, K.-K., and T. V. Vu. 2019. “Economic Complexity, Human Capital and Income Inequality: A Cross-Country Analysis.” The Japanese Economic Review 71 (4): 695–718. https://doi.org/10.1007/s42973-019-00026-7.
  • Maggioni, D., A. L. Turco, and M. Gallegati. 2016. “Does Product Complexity Matter for Firms’ Output Volatility?” Journal of Development Economics 121: 94–109. https://doi.org/10.1016/j.jdeveco.2016.03.006.
  • Matthias Arnold, J., and B. S. Javorcik. 2009. “Gifted Kids or Pushy Parents? Foreign Direct Investment and Plant Productivity in Indonesia.” Journal of International Economics 79 (1): 42–53. https://doi.org/10.1016/j.jinteco.2009.05.004.
  • Mealy, P., and A. Teytelboym. 2020. “Economic Complexity and the Green Economy.” Research Policy 103948.
  • Mesagan, E. P., and X. V. Vo. 2023. “The Importance of Economic Complexity in the Resource-Growth Discourse: Empirical Evidence from Africa.” Journal of the Knowledge Economy, 1–22.
  • Nawaz, T. 2019. “Exploring the Nexus Between Human Capital, Corporate Governance and Performance: Evidence from Islamic Banks.” Journal of Business Ethics 157 (2): 567–587. https://doi.org/10.1007/s10551-017-3694-0.
  • Nguyen, C. P., B. Nguyen, B. D. Tung, and T. D. Su. 2021. “Economic Complexity and Entrepreneurship Density: A non-Linear Effect Study.” Technological Forecasting and Social Change 173: 121107. https://doi.org/10.1016/j.techfore.2021.121107.
  • Oumbé, H. T., R. Djeunankan, and A. M. Ndzana. 2023. “Does Information and Communication Technologies Affect Economic Complexity?” SN Business & Economics 3 (4): 92. https://doi.org/10.1007/s43546-023-00467-8.
  • Rindermann, H., O. Kodila-Tedika, and G. Christainsen. 2015. “Cognitive Capital, Good Governance, and the Wealth of Nations.” Intelligence 51: 98–108. https://doi.org/10.1016/j.intell.2015.06.002.
  • 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. https://doi.org/10.1023/B:JOEG.0000031425.72248.85.
  • Romero, J. P., and C. Gramkow. 2021. “Economic Complexity and Greenhouse Gas Emissions.” World Development 139: 105317. https://doi.org/10.1016/j.worlddev.2020.105317.
  • Roodman, D. 2009. “A Note on the Theme of Too Many Instruments.” Oxford Bulletin of Economics and Statistics 71 (1): 135–158. https://doi.org/10.1111/j.1468-0084.2008.00542.x.
  • Sadeghi, P., H. Shahrestani, K. H. Kiani, and T. Torabi. 2020. “Economic Complexity, Human Capital, and FDI Attraction: A Cross Country Analysis.” International Economics 164: 168–182. https://doi.org/10.1016/j.inteco.2020.08.005.
  • Savoia, A., J. Easaw, and A. McKay. 2010. “Inequality, Democracy, and Institutions: A Critical Review of Recent Research.” World Development 38 (2): 142–154. https://doi.org/10.1016/j.worlddev.2009.10.009.
  • Shah, S. H., M. H. Ahmad, and Q. M. Ahmed. 2016. “The Nexus Between Sectoral FDI and Institutional Quality: Empirical Evidence from Pakistan.” Applied Economics 48 (17): 1591–1601. https://doi.org/10.1080/00036846.2015.1103039.
  • Tabash, M. I., E. P. Mesagan, and U. Farooq. 2022. “Dynamic Linkage Between Natural Resources, Economic Complexity, and Economic Growth: Empirical Evidence from Africa.” Resources Policy 78: 102865. https://doi.org/10.1016/j.resourpol.2022.102865.
  • Tadadjeu, D., S. Tadadjeu, H. Njangang, and R. Djeunankan. 2023. “Women’s Political Participation and Energy Poverty in Sub-Saharan Africa: Effects and Transmission Channels.” Revue D'économie Politique 133 (2): 263–300. https://doi.org/10.3917/redp.332.0263.
  • Vu, T. V. 2020. “Economic Complexity and Health Outcomes: A Global Perspective.” Social Science & Medicine 265: 113480. https://doi.org/10.1016/j.socscimed.2020.113480.
  • Vu, T. V. 2022. “Does Institutional Quality Foster Economic Complexity? The Fundamental Drivers of Productive Capabilities.” Empirical Economics 63 (3): 1571–1604.
  • Windmeijer, F. 2005. “A Finite Sample Correction for the Variance of Linear Efficient two-Step GMM Estimators.” Journal of Econometrics 126 (1): 25–51. https://doi.org/10.1016/j.jeconom.2004.02.005.
  • World Bank. 2023. World Development Indicators. https://databank.worldbank.org/source/world-development-indicators.

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.