Purposeful, well-targeted and successful transformation policies will be elusive for a country or region that does not understand the relative importance of its sectoral sources of growth. This study aims at eliciting our understanding in this respect by providing an assessment of the relative...

This paper investigates the “education-total factor productivity trade-off” in explaining per worker income differences between Sub-Saharan (unlucky) and G7 (lucky) economies. Following Hall and Jones (1999) and Caselli (2005), on a country basis, we are able to study separately the dynamic...

This paper departs from the traditional aid — economic growth studies through its examination of the impact of aid and its volatility on sectoral growth by relying on panel dataset of 37 sub-Saharan African (SSA) countries for the period 1980-2014. Findings from our system generalised methods...

Using the threshold regression model, we examine the effects of Foreign Direct Investment (FDI), and the mediating role of FDI absorptive capacity, on economic growth in Sub-Saharan Africa. We find that the threshold level of FDI inflows per person is approximately US$ 44.67 per annum. For FDI...

The essence of this study is to verify the macroeconomic implications of cross-border remittances for economic growth prospects of small-open developing economies for the period, 1996-2006. A set of dynamic panel model, specified within the framework of Blundell-Bond Generalized Method of Moment...

This paper examines the growth performance of sub-Saharan African countries since 1960 through the lens of growth turning points (accelerations and decelerations) and periods of sustained growth (growth spells). Growth accelerations are generally associated with improved external conditions,...

Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. We investigate the following issues: cross-country income structure, income convergence, the country level...

As the hunting, butchering, processing, and consumption of bushmeat is a potential source of human Ebola virus infections, the extent to which bushmeat is a substitute for food produced in the formal market sector suggests that the relative price of formal non-bushmeat food could matter for the...

Sub-Saharan Africa, in the aggregate, has had the worst growth performance of any major region of the world over the last few decades. It is important to recognize, however, the enormous diversity in growth experiences at the country level. Some countries, like Botswana and Cape Verde, have...