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Trade Policy and Economic Performance in Sub-Saharan Africa

Rodrik, Dani - 1998

This study focuses on the role of trade and trade policy in achieving sustained long-term growth in Africa. One major conclusion is that trade policy in Sub-Saharan Africa works much the same way that it does elsewhere. High levels of trade restrictions have been an important obstacle to exports...

Persistent link: https://www.econbiz.de/10012472246

An African Growth Miracle?

Rodrik, Dani - 2014

Africa's recent growth performance has raised expectations of a bright economic future for the continent after decades of decline. Yet there is a genuine question about whether Africa's growth can be sustained, and if so, at what level. The balance of the evidence suggests caution on the...

Persistent link: https://www.econbiz.de/10012458476

The African Growth Miracle

Young, Alwyn - 2012

Measures of real consumption based upon the ownership of durable goods, the quality of housing, the health and mortality of children, the education of youth and the allocation of female time in the household indicate that sub-Saharan living standards have, for the past two decades, been growing...

Persistent link: https://www.econbiz.de/10012460170

Why Development Levels Differ : The Sources of Differential Economic Growth in a Panel of High and Low Income Countries

Hulten, Charles R. - 2007

Average income per capita in the countries of the OECD was more than 20 times larger in 2000 than that of the poorest countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have even regressed in recent years. At the same time,...

Persistent link: https://www.econbiz.de/10012465179

Wage and Productivity Premiums in Sub-Saharan Africa

Van Biesebroeck, Johannes - 2007

Using a matched employer-employee data set of manufacturing plants in three sub-Saharan countries, I compare the marginal productivity of different categories of workers with the wages they earn. A methodological contribution is to estimate the firm level production function jointly with the...

Persistent link: https://www.econbiz.de/10012465344

The Economic Tragedy of the XXth Century : Growth in Africa

Artadi, Elsa V. - 2003

The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of per capita GDP for the continent as a whole and for subset of countries south of the Sahara desert. We document the worsening of various income inequality indexes and we...

Persistent link: https://www.econbiz.de/10012468832

Why Not Africa?

Freeman, Richard B. - 1999

Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...

Persistent link: https://www.econbiz.de/10012471865

Generalized Moments Estimation for Panel Data

Druska, Viliam - 2003

This paper considers estimation of a panel data model with disturbances that are autocorrelated across cross … estimate spatial dependence parameters. For the case where the time dimension is small (the usual panel data case), we develop … Kelejian and Prucha. We apply this approach in a stochastic frontier framework to a panel of Indonesian rice farms where …

Persistent link: https://www.econbiz.de/10012469113

The Price and Quantity of Interest Rate Risk

Carpenter, Jennifer N.; Lu, Fangzhou; Whitelaw, Robert F. - National Bureau of Economic Research - 2021

Studies of the dynamics of bond risk premia that do not account for the corresponding dynamics of bond risk are hard to interpret. We propose a new approach to modeling bond risk and risk premia. For each of the US and China, we reduce the government bond market to its first two...

Persistent link: https://www.econbiz.de/10012482660

Missing Data in Asset Pricing Panels

Freyberger, Joachim; Höppner, Björn; Neuhierl, Andreas; … - National Bureau of Economic Research - 2022

computationally costly GMM estimator in many cases. We apply our procedure to a large panel of return predictors and find that it …

Persistent link: https://www.econbiz.de/10013477253