The Impact of Good Governance on Economic Growth of Ecowas Selected Countries.pdf

1、This study aims to analyze the impact of the goodgovernance index on economic growth, For this purpose,we use panel co-integration methodology and error-correction model for 11 countries covering the period 2005-2010.Thi

2、s method permits to take account the heterogeneity of the variables and provide more precision; it may also facilitate the understanding of successive waves of the overalllevel of the state of governance.Estimations are

3、made inthe dynamic panel using the co-integration and unit roottests since the estimation generatedby this model is efficient for this panel.
　　It is clear from our results that there is a positive and highly signific

4、ant relationship between all the variables of governance and the GDP growth rate in the countries of the study.Moreover, the GDP growth per capita is much higher in countries colonized by England and less favorable for t

5、hose colonized by France.We are tempted, at this stage of the analysis, to link the quality of African countries'institutions to that of the colonizingcountries.However, the question is obviously more complex.We strive a