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O11

Macroeconomic Analyses of Economic Development

The Interdependence between the Saving Rate and Technology across Regimes: Evidence from South Africa

Kevin S. Nell and Maria M. De Mello
This paper hypothesises that the saving rate and technological progress are interdependently determined by a common exogenous source, so that an exogenous shock to the saving rate determines long-run growth transitions. In an open economy, the saving rate measures the quality of capital investment...
Mar 2017
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Measurement and Analysis of the Evolution of Institutions in Nigeria

David O. Fadiran, Mare Sarr, Johannes W. Fedderke
“Institutions matter” has become a generally accepted premise in development economics. The growth and development problems in Nigeria are also common knowledge. To better understand these problems a proper characterization of institutions in Nigeria is essential. Conducting empirical test of the...
Feb 2017
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Does Infrastructure Really Explain Economic Growth in Sub-Saharan Africa?

Odongo Kodongo and Kalu Ojah
In the light of Africa’s palpable deficit in public infrastructure, we use System GMM to estimate a model of economic growth augmented by an infrastructure variable, for a panel of 45 Sub-Saharan African countries, over the period 2000-2011. We find that it is the spending on infrastructure and...
Dec 2016
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Path Dependence and Interdependence Between Institutions and Development

David Fadiran and Mare Sarr
Path dependence theory, within the institutions context, means that the path of institutions promulgated within a system historically determines the nature of institutions that will ensue within the same system in the present and in the future. The paper makes use of a newly constructed index of...
Oct 2016
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The Fundamental Determinants of Competitiveness in African Countries

Julius A. Agbor and Olumide Taiwo
This study investigates the drivers of competitiveness in African economies. While the macroeconomic perspective focuses on the behavior of the real effective exchange rate (REER), and the international competition framework emphasizes export market shares (EXPS), the business strategy framework...
Sep 2014
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Climate change and economic growth in sub-Sahara Africa: A nonparametric evidence

Paul Alagidede and George Adu
Climate change has been classed as the greatest and urgent global issue facing humanity today, yet the empirics of the debate remain largely muted, more so with reference to sub-Saharan Africa (SSA), where the impact of warming global temperatures are forecasted to have the worst impact. This paper...
Sep 2014
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Democracy and Education: Evidence from the Southern African Development Community

Manoel Bittencourt
In this paper I investigate whether democracy in the Southern African Development Community (SADC) has had any effect on education during the 1980-2009 period. The results, based on panel time-series analysis (I use the Pooled OLS and Fixed Effects estimators in order to deal with heterogeneity and...
May 2014
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Inflation and Economic Growth: Evidence from the Southern African Development Countries

Manoel Bittencourt, Renee van Eyden and Monaheng Seleteng
In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African countries, which are all members of the Southern African Development Community (SADC), between 1980 and 2009. The results, based on panel time-series data and analysis, suggest...
Jan 2014
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