期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2016
卷号：18
期号：1
页码：83
出版社：Institute of Sustainable Development in Africa
摘要：This paper investigated the impact of macroeconomic reforms and institutions on economic performance in Nigeria within the framework of co -integration and error correction paradigms. The results showed that contract intensive mo ney and go vernment effectiveness entered the regression lines with the correct a priori economic expectations. That is, property right and governance effectiveness are critical in improving econo mic performance. The results indicated that besides formulation of sound reform policies and political leadership, property rights and governance structure are important elements that determine macroeconomic reforms outcomes and the path of economic performance and sustainable development. Effective governance should be seen as a dynamic process, capable of responding to the ever changing technological, social, economic and political environments. The paper recommends that the concept of governance effectiveness and property rights need s to be redefined or strengthen to make it more effective and accountable and that governance issues and institutions should be incorporated in the reform process if sustainable economic performance is desired.
关键词：Reforms; Institutions; Co-Integration and Economic Performance and Sustainable Develop ment
