Institutional drivers, historical determinism, and economic development in Mozambique
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/90814 |
Resumo: | Purpose: The purpose of this paper is to examine the evolution of political and economic institutions, their persistence and interdependence and their effects on economic progress in Mozambique. Design/methodology/approach: Using a unique data set, which has developed detailed long-run indices of institutional change in Mozambique from 1900 onwards, the research utilizes time-series econometrics to estimate cointegration relations and Vector Autoregressive and Vector Error Correction models, and also Granger causality, correlation and residual analysis when interpreting the estimation results. Findings: It shows support for path dependence in political and economic institutions as well as the critical juncture theory and modernization hypothesis, and for webs of association between these institutions and economic development. It provides evidence of an equilibrium-dependent process, where history does matter (as do early conditions), and whose impact may differ depending on the nature of institutional arrangements. Various institutions created during colonial times have a bearing on the present state of institutions in Mozambique, as reflected in important continuities regarding the forms of political economy, among others. Originality/value: The work contributes to existing research not only through the employment of a new set of institutional measures, which allows for a particularly long time-series investigation in a developing country setting, but also through its contribution to studies on modernization and critical junctures but in a longitudinal manner which allows for the exploration of complex dynamics embedded within a country’s particular political economy. The implications are far-reaching and carry importance beyond the academy given the pressure on policymakers to get things right because of the persistence of institutions and their consequences and the associated path dependency. |
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Institutional drivers, historical determinism, and economic development in MozambiqueAfricaEconomic developmentEconomic growthInstitutional changeInstitutional developmentLongitudinal time seriesModernizationMozambiquePath dependencyTime-series analysisBusiness and International ManagementBusiness, Management and Accounting(all)SDG 8 - Decent Work and Economic GrowthPurpose: The purpose of this paper is to examine the evolution of political and economic institutions, their persistence and interdependence and their effects on economic progress in Mozambique. Design/methodology/approach: Using a unique data set, which has developed detailed long-run indices of institutional change in Mozambique from 1900 onwards, the research utilizes time-series econometrics to estimate cointegration relations and Vector Autoregressive and Vector Error Correction models, and also Granger causality, correlation and residual analysis when interpreting the estimation results. Findings: It shows support for path dependence in political and economic institutions as well as the critical juncture theory and modernization hypothesis, and for webs of association between these institutions and economic development. It provides evidence of an equilibrium-dependent process, where history does matter (as do early conditions), and whose impact may differ depending on the nature of institutional arrangements. Various institutions created during colonial times have a bearing on the present state of institutions in Mozambique, as reflected in important continuities regarding the forms of political economy, among others. Originality/value: The work contributes to existing research not only through the employment of a new set of institutional measures, which allows for a particularly long time-series investigation in a developing country setting, but also through its contribution to studies on modernization and critical junctures but in a longitudinal manner which allows for the exploration of complex dynamics embedded within a country’s particular political economy. The implications are far-reaching and carry importance beyond the academy given the pressure on policymakers to get things right because of the persistence of institutions and their consequences and the associated path dependency.NOVA School of Business and Economics (NOVA SBE)RUNPereira, Luis BritesLuiz, John Manuel2020-01-06T23:28:39Z20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/90814eng1746-8809PURE: 16001334https://doi.org/10.1108/IJOEM-01-2019-0024info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:40:18Zoai:run.unl.pt:10362/90814Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:37:11.122337Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Institutional drivers, historical determinism, and economic development in Mozambique |
title |
Institutional drivers, historical determinism, and economic development in Mozambique |
spellingShingle |
Institutional drivers, historical determinism, and economic development in Mozambique Pereira, Luis Brites Africa Economic development Economic growth Institutional change Institutional development Longitudinal time series Modernization Mozambique Path dependency Time-series analysis Business and International Management Business, Management and Accounting(all) SDG 8 - Decent Work and Economic Growth |
title_short |
Institutional drivers, historical determinism, and economic development in Mozambique |
title_full |
Institutional drivers, historical determinism, and economic development in Mozambique |
title_fullStr |
Institutional drivers, historical determinism, and economic development in Mozambique |
title_full_unstemmed |
Institutional drivers, historical determinism, and economic development in Mozambique |
title_sort |
Institutional drivers, historical determinism, and economic development in Mozambique |
author |
Pereira, Luis Brites |
author_facet |
Pereira, Luis Brites Luiz, John Manuel |
author_role |
author |
author2 |
Luiz, John Manuel |
author2_role |
author |
dc.contributor.none.fl_str_mv |
NOVA School of Business and Economics (NOVA SBE) RUN |
dc.contributor.author.fl_str_mv |
Pereira, Luis Brites Luiz, John Manuel |
dc.subject.por.fl_str_mv |
Africa Economic development Economic growth Institutional change Institutional development Longitudinal time series Modernization Mozambique Path dependency Time-series analysis Business and International Management Business, Management and Accounting(all) SDG 8 - Decent Work and Economic Growth |
topic |
Africa Economic development Economic growth Institutional change Institutional development Longitudinal time series Modernization Mozambique Path dependency Time-series analysis Business and International Management Business, Management and Accounting(all) SDG 8 - Decent Work and Economic Growth |
description |
Purpose: The purpose of this paper is to examine the evolution of political and economic institutions, their persistence and interdependence and their effects on economic progress in Mozambique. Design/methodology/approach: Using a unique data set, which has developed detailed long-run indices of institutional change in Mozambique from 1900 onwards, the research utilizes time-series econometrics to estimate cointegration relations and Vector Autoregressive and Vector Error Correction models, and also Granger causality, correlation and residual analysis when interpreting the estimation results. Findings: It shows support for path dependence in political and economic institutions as well as the critical juncture theory and modernization hypothesis, and for webs of association between these institutions and economic development. It provides evidence of an equilibrium-dependent process, where history does matter (as do early conditions), and whose impact may differ depending on the nature of institutional arrangements. Various institutions created during colonial times have a bearing on the present state of institutions in Mozambique, as reflected in important continuities regarding the forms of political economy, among others. Originality/value: The work contributes to existing research not only through the employment of a new set of institutional measures, which allows for a particularly long time-series investigation in a developing country setting, but also through its contribution to studies on modernization and critical junctures but in a longitudinal manner which allows for the exploration of complex dynamics embedded within a country’s particular political economy. The implications are far-reaching and carry importance beyond the academy given the pressure on policymakers to get things right because of the persistence of institutions and their consequences and the associated path dependency. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-01-06T23:28:39Z 2020 2020-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/90814 |
url |
http://hdl.handle.net/10362/90814 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1746-8809 PURE: 16001334 https://doi.org/10.1108/IJOEM-01-2019-0024 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137988969496576 |