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"This paper examines the country-level dynamics of long-run growth in Africa between 1975 and 2005. The authors examine …
Persistent link: https://www.econbiz.de/10003758844
This paper examines the country-level dynamics of long-run growth in Africa between 1975 and 2005. We are primarily … emerge. -- GDP per capita ; growth ; Sub-Saharan Africa …
Persistent link: https://www.econbiz.de/10003793538
Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and … sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 … and 2005 the size, diversity and sophistication of industry in Africa have all declined. An industrialization strategy …
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The paper uses the dynamic GMM Model to examine the finance-growth nexus with panel data (1981-2010) from 24 African countries. Evidence suggests that there is a positive relationship between finance and economic growth and that there is a bi-directional causal relationship between finance and...
Persistent link: https://www.econbiz.de/10009763114