We consider economic development of sub-Saharan Africa from the perspective of slow convergence of productivity, both … across sectors and firms within sectors. Why have 'productivity enclaves', islands of high productivity in a sea of smaller … low-productivity firms, not diffused more rapidly? We summarize and analyse three sets of factors: First, the poor …

credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during …

distributive components of employment, productivity and output changes overtime in a system whereby the roles of economic structure … more low-productivity and vulnerable jobs generation. Ris-ing shares of the traditional services sector in the economy has …

increased total factor productivity, but are still inversely related to factor inputs among the lower-middle-income nations of … SSA. Finally, remittances are more effective when institutional risk is reducing. …

This study aims to shed light on the effects of financial development and accumulation of capital on the productivity … over time leads to an increase in productivity of labor and also the accumulation of capital. Furthermore, financial … markets have a progressive impact on the productivity of labor within sub-Saharan African regions. We extend the very limited …