TY  - JOUR
T1  - Economic Growth, Innovation and Institutions in Emerging Economies in
Africa: Evidence from Dynamic Simultaneous Equation Model
AU - Adamu, Tijjani Musa AU - Muhammad, Mansur 
JO  - Journal of Economics Theory
VL  - 13
IS  - 1
SP  - 1
EP  - 6
PY  - 2019
DA  - 2001/08/19
SN  - 1994-8212
DO  - jeth.2019.1.6
UR  - https://makhillpublications.co/view-article.php?doi=jeth.2019.1.6
KW  - Emerging economies
KW  -real GDP
KW  -dynamic model
KW  -innovation
KW  -institutions
KW  -economic growth
AB  - This study simultaneously estimate dynamic model for each emerging economies in Africa which
have achieve a sizeable level of economic growth overtime using annual time series data spanning 1980-2017.
The choice of the period was explained by data availability as well as structural reform associated with the
period. The study found long run equilibrium among real GDP, innovation proxy by high tech export and
institutions in South Africa and Egypt while Nigeria, Kenya, Ghana and Senegal shown absence of long run
association. Additional, the coefficient of long run estimates shows that innovation is positively and
significantly related to real GDP in the short run for Egypt, Ghana, South Africa and Senegal while that of
Kenya and Nigeria shows negative effect, long run coefficient of the models revealed that innovation is
positively related to economic growth in Egypt, Kenya and Senegal while that of Nigeria, South Africa and
Ghana shows negative relationship. This study recommend holistic approach to technological innovation in
Africa as well enabling environment that allows for technological transfer and catch up process.
ER  -