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Economic Growth and Aggregate Productivity: General

publication

Income Convergence in Southern Africa: A Nonlinear Time-Varying Coefficients Framework

Ntokozo Nzimande
This article investigated income per capita convergence in the Southern African Development Community (SADC) over the period 1980-2017 in a non-linear time-varying coefficients framework. The findings of the study suggested no overall income convergence in the SADC region, but evidence supporting the...
Apr 2021
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publication

Effect of Financial Development on Economic Growth in sub–Saharan Africa: Does Sectoral Growth Matter?

Muazu Ibrahim and Paul Alagidede
This paper examines the overall economic growth effect when the growth in finance and real sector is disproportionate relying on panel data for 29 sub–Saharan African countries over the period 1980–2014. Results from the system generalized method of moments (GMM) reveal that, while financial...
Jul 2018
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publication

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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publication

Assessing Banking Sector Competition in Zimbabwe Using a Panzar-Rosse Approach

Sanderson Abel & Pierre Le Roux
This paper assesses the level of competition in Zimbabwe’s banking sector using the Panzar-Rosse H-statistic. The H-Statistic has been assessed, using the total revenues regression equation, and applying the panel least square regression model with fixed effects. The H-statistics is estimated at 0...
Apr 2016
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publication

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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publication

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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publication

Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures

J W. Fedderke & Z Bogetic
Empirical explorations of the growth and productivity impacts of infrastructure have been characterized by ambiguous (countervailing signs) results with little robustness. A number of explanations of the contradictory findings have been proposed. These range from the crowd – out of private by...
Sep 2006
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