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Institutional quality and economic development in sub-Saharan Africa: Can management effort and bribes compensate for low-quality institutions?

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journal contribution
posted on 19.03.2018, 13:54 by Gori Olusina Daniel, Kun FuKun Fu, Wilfred Dolfsma
The industrial development in sub-Saharan Africa is perhaps more affected by the quality of institutions than that of other regions. We investigate what alternatives managers have to secure what their firms need to function in case the institutional furniture they are confronted with is of low quality. We find that in high quality institutional environments management spending effort dealing with authorities and navigating regulations negates the effect of the institutional environment. Managers do not need to spend these efforts. Perhaps surprisingly, we find that the positive effect of high-quality institutional environments on firm performance is enhanced by making informal payments.

History

School

  • Loughborough University London

Published in

Journal of Economic Issues

Volume

52

Issue

2

Pages

473-482

Citation

OLUSINA DANIEL, G., FU, K. and DOLFSMA, W., 2018. Institutional quality and economic development in sub-Saharan Africa: Can management effort and bribes compensate for low-quality institutions? Journal of Economic Issues, 52(2), pp. 473-482.

Publisher

©Journal of Economic Issues / Association for Evolutionary Economics. Published by Taylor & Francis (Routledge)

Version

AM (Accepted Manuscript)

Publisher statement

This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Economic Issues on 11th June 2018, available online: https://doi.org/10.1080/00213624.2018.1469920

Acceptance date

06/03/2018

Publication date

2018-06-11

ISSN

0021-3624

Language

en

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Keywords

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