Nkurunziza, Janvier; Bates, Robert H. - Department of Economics, Oxford University - 2003
The purposes of this paper include (a) a review of the literature on the so-called African dummy; (b) an explication of the system GMM method of estimation, by which Hoeffler (2002) shows the Africa dummy to be an artifact of the application of inappropriate estimation techniques; and (c) an...