AN EMPIRICAL ANALYSIS OF HOW INSTITUTIONAL QUALITY AND TRADE AFFECTS THE ECONOMIC GROWTH OF SIERRA LEONE

Management and Commerce

This paper aims to investigate how institutional quality and trade affects the economic growth of Sierra Leone. Vivid econometric and analytical research method has been applied to collect and analyze information of this study. The results from the empirical investigation show that there is positive and statistically significant relationship between institutional quality, trade volume and economic growth. The study also shows that a unit increase in institutions quality will increase economic growth by 0.32% and a unit increase in trade volume increases economic growth by 0.12%. The findings also show how Sierra Leone economic growth has been growing since time in memorial. This research finding has provided empirical evidence that Sierra Leone institutions are positively contributing to its economic growth through international trade.

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