O47

Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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

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.

Aid Volatility and Structural Economic Transformation in sub-Saharan Africa: Does Finance Matter?

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 of moments (GMM) show that, while foreign aid significantly drives economic transformation, aid volatility deteriorates sectoral value additions with huge impact on the non–tradable sector and a no apparent effect on the agricultural sector.

Output Decomposition in the Presence of Input Quality Effects: A Stochastic Frontier Approach

How do physical capital accumulation and Total Factor Productivity (TFP) individually add to economic growth? We approach this question from the perspective of the quality of both labor and physical capital, namely human capital and the age of physical capital. We build a unique dataset by explicitly calculating the age of physical capital for each country and each year of our time frame and estimate a stochastic frontier production function incorporating input quality in five groups of countries (Africa, East Asia, Latin America, South Asia, and West).

The Impact of Political Competition on Economic Growth: Evidence from Municipalities in South Africa

This paper examines the impact of political competition on economic growth. Using results from the 1994 and 1999 elections I show that municipalities with a decisive vote either for or against the dominant national party have grown faster than municipalities with more voter competition amongst various political parties.

An Examination of Sub-National Growth in Nigeria: 1999 - 2012

I use satellite imagery on night time lights to measure growth across states and local government areas in Nigeria since the return of democracy in 1999. I show that states in Southern Nigeria have grown faster on average than states in the North. I also evaluate the effects of violence on growth in Plateau, Yobe and Borno states. I find that the crisis in Plateau state has resulted in slower growth compared to other states in the region.

Technology, Human Capital and Growth

The paper examines whether endogenous growth processes can be found in middle income country contexts. Estimation proceeds by means of dynamic heterogeneous panel analysis. Empirical evidence finds in favour of positive impacts on total factor productivty growth by Schumpeterian innovative activity. A crucial finding is that it is the quality of human capital rather than the quantity of human capital that is important for TFP growth.

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