ABSTRACT

Through an empirical analysis of selected African countries for a period of 2006–2017, this paper explores three hypotheses suggesting that African entrepreneurship does not promote productivity except there are conducive institutional environments. The study applies panel data estimation techniques on data obtained from seventeen countries in Africa. The results obtained are summarized as follows: (1) African entrepreneurship does not promote productivity. (2) We do not confirm any significant U-shaped relationship between entrepreneurship and productivity in Africa. (3) African entrepreneurship promotes productivity via conducive institutional quality at a threshold value of 4.56 on a scale of 0 to 5 point. Among the institutional dimensions, government effectiveness, regulatory quality, rule of law, and control of corruption respectively turn to be more relevant in the selected countries. The study concludes that strong institutional quality would help in promoting total factor productivity in Africa.

摘要

通过对选定的非洲国家 2006 年至 2017 年期间的实证分析，本文探讨了三个假设，这些假设表明，除非存在有利的制度环境，否则非洲企业家精神不会促进生产力。该研究将面板数据估计技术应用于从非洲 17 个国家获得的数据。所得结果总结如下： (1) 非洲创业不促进生产力。(2) 我们没有证实非洲的企业家精神和生产力之间存在任何显着的 U 型关系。(3) 非洲企业家精神通过有利的制度质量促进生产力，阈值为 4.56，范围为 0 到 5 分。在制度维度中，政府效能、监管质量、法治、和控制腐败分别在选定的国家变得更加相关。该研究得出结论，强大的制度质量将有助于提高非洲的全要素生产率。