Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Instituut - 2002
Using a unique panel data set for rural households in Zimbabwe we estimate amicroeconomic model of growth under …, we find powerful convergence. In the absence of shocks and withouthousehold fixed effects there is rapid growth over the … period (5.6% growth p.a. in percapita assets) even though there is no technical progress. The process of adjusting thecapital …