The STUDIA UNIVERSITATIS BABE┼×-BOLYAI issue article summary

The summary of the selected article appears at the bottom of the page. In order to get back to the contents of the issue this article belongs to you have to access the link from the title. In order to see all the articles of the archive which have as author/co-author one of the authors mentioned below, you have to access the link from the author's name.

 
       
         
    STUDIA OECONOMICA - Issue no. 3 / 2020  
         
  Article:   INSTITUTIONAL QUALITY. HUMAN CAPITAL AND INDUSTRIAL SECTOR GROWTH IN ECOWAS.

Authors:  PATRICK OLOGBENLA.
 
       
         
  Abstract:  
DOI: 10.2478/subboec-2020-0011

Published Online: 2020-12-28
Published Print: 2020-12-30
pp. 1-13

VIEW PDF

FULL PDF

ABSTRACT: The industrial sector has been identified as a tool for effective economic diversification among developing countries but major challenges of the sector have been the institutional and human capital in these economies. Consequently, the need to re-assess the relationship among the three is pertinent. The study investigates empirically, the impacts of institutional quality and human capital on the industrial sector growth of the ECOWAS. The methodology adopted is quantitative with the use of panel data analysis. Findings from the analysis show that both human capital and institutional quality in the ECOWAS have not supported industrial growth significantly. However, the result shows that macroeconomic variables such as inflation rate and exchange rate have the largest effect on the growth of the industrial sector of ECOWAS. The study used ECOWAS that has not been used by any of the previous authors and the economic bloc is in dire need of economic diversification. It is recommended that ECOWAS countries should improve on their institutional quality and human capital development for them to be effective in promoting the growth of their industrial sector.

Keywords: Industrial Sector Growth, Institutional Quality, Human Capital

JEL classification: J24, J38, L60
 
         
     
         
         
      Back to previous page