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Im, K.S., Pesaran, M.H. and Shin, Y. (2008) Testing for Unit Roots in Heterogeneous Panels. Mimeo, Department of Applied Economics, University of Cambridge, Cambridge.

has been cited by the following article:

• TITLE: Institutions and the Economic Performance of Central African Countries

  AUTHORS: Chérif Sidy Kane, Elomo Zogo Thérèse, Idrissa Yaya Diandy

  KEYWORDS: Political and Economic Institutions, Economic Performance, PCA, GMM, Central Africa

  JOURNAL NAME: Theoretical Economics Letters, Vol.9 No.1, January 15, 2019

  ABSTRACT: The purpose of this paper is to examine the combined effect of political and economic institutions on the economic performance of the countries of Central Africa. To do this, we use dynamic panel data over the period 1996-2013. Using Principal Component Analysis (PCA) to understand the multidimensionality of institutions through a composite indicator, and applying the estimation technique based on the Generalized Moment Method (GAM) to capture the impact of institutions on economic performance, we arrive at the following result: analyzed individually or in combination, institutions constitute a real obstacle to economic performance in Central Africa.