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In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies …) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with … these years. We use growth accounting methods to assess what portion of this elevated growth can be attributed to Chinese …
Persistent link: https://www.econbiz.de/10009353488
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on … their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on … sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad …
Persistent link: https://www.econbiz.de/10005718867
worse than firms in other regions. They have lower productivity levels and growth rates, export less, and have lower … productivity levels and growth. Africa's conditional advantage is higher in low-tech than in high-tech manufacturing, and exists in …
Persistent link: https://www.econbiz.de/10010969221
We investigate the role of deeply-rooted pre-colonial ethnic institutions in shaping comparative regional development within African countries. We combine information on the spatial distribution of ethnicities before colonization with regional variation in contemporary economic performance, as...
Persistent link: https://www.econbiz.de/10010969445
In an 80-country panel since the 1960s, the convergence rate for per capita GDP is around 1.7% per year. This "beta convergence" is conditional on an array of explanatory variables that hold constant countries' long-run characteristics. The introduction of country fixed effects generates a much...
Persistent link: https://www.econbiz.de/10010951080
We study the evolution of market-oriented policies over time and across countries. We consider a model in which own and neighbors' past experiences influence policy choices, through their effect on policymakers' beliefs. We estimate the model using a large panel of countries. We find that there...
Persistent link: https://www.econbiz.de/10005829929
We investigate the role of national institutions on subnational African development in a novel framework that accounts both for local geography and cultural-genetic traits. We exploit the fact that the political boundaries in the eve of African independence partitioned more than two hundred...
Persistent link: https://www.econbiz.de/10011095623
In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey contrasts the predominant "transformational" approach...
Persistent link: https://www.econbiz.de/10005777960
-quality production therefore limit the positive impact that trade liberalization can have on income or growth. Institutional reform that …, possibly, growth. In contrast, institutional reform that reduces the costs of entry into low-quality production (e.g., reforms …
Persistent link: https://www.econbiz.de/10005720456
finance higher investment and growth; (ii) insure against aggregate shocks and reduce consumption volatility; and (iii … capital flows, investment, and growth; (ii) large capital inflows and higher investment and growth; or (iii) volatile capital …
Persistent link: https://www.econbiz.de/10008777350