LONG-TERM GROWTH OPPORTUNITIES IN ETHIOPIA

Authors

  • Mrs. Mihret Alemu Author

Abstract

The paper attempts to investigate the role of institutions in the long-term growth 
performance of Ethiopia. In this study, it is hypothesized that the long-term growth 
of the country, apart from traditional factors of production i.e. capital and labor is 
largely influenced by institutional factors. To examine this, the study uses a times 
series data on important variables for the period 1967/68-2002/03, and employed 
Johansen cointegration analysis. The variables used are, institutional quality 
indicators, human capital, labor force, capital stock, road network, and rainfall. The 
findings of the paper support the above stated hypothesis. Institution and physical 
capital are found to be significant in both the long and short run models while 
human capital is found important only in the long run. 

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Published

22-08-2024

Issue

Section

Articles

How to Cite

LONG-TERM GROWTH OPPORTUNITIES IN ETHIOPIA. (2024). Ethiopian Journal of Economics, 14(1), 27-48. http://ethiopianjournalofeconomics.org/index.php/EJE/article/view/53