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O47

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

Financial Structure and Economic Growth: Evidence from Sub-Saharan Africa

Naomi Mathenge & Eftychia Nikolaidou
This study examines the effect of financial structure on economic growth in Sub Saharan Africa. The sample consists of both low and middle income countries, whose financial systems range from poorly developed to relatively well- developed in the context of developing countries. Using dynamic panel...
Feb 2018
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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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Aid Volatility and Structural Economic Transformation in sub-Saharan Africa: Does Finance Matter?

Emmanuel Kumi, Muazu Ibrahim & Thomas Yeboah
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...
Jan 2017
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Output Decomposition in the Presence of Input Quality Effects: A Stochastic Frontier Approach

Yasmina Rim Limam, Stephen M. Miller and Giampaolo Garzarelli
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...
Jun 2016
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Accounting for Productivity Growth: Schumpeterian versus Semi-Endogenous Explanantions

Johannes W. Fedderke and Yang Liu
This paper examines the nature and sources of productivity growth in South African manufacturing sectors, in international comparative perspective. On panel data estimations, we find that the evidence tends to support Schumpeterian explanations of productivity growth for a panel of countries...
Oct 2015
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The Impact of Political Competition on Economic Growth: Evidence from Municipalities in South Africa

Nonso Obikili
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...
Jun 2015
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How Does Colonial Origin Matter for Economic Performance in sub-Saharan Africa?

J.A. Agbor, J.W. Fedderke, & N. Viegi
This paper investigates the channels through which colonial origin affects economic outcomes in sub-Saharan Africa (SSA). It focuses on four key channels of transmission namely, human capital, trade openness, market distortion and selection bias. In contrast with previous studies where only initial...
Mar 2010
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