Initial Conditions, Social Capital and Growth in Africa
AbstractObservable variables capturing initial conditions can account for well over half of the variation in developing country growth rates. This paper investigates their role in explaining Africa's recent economic history. Should the origins of slow growth be traced to Africa's social arrangements, high inequality and ethnic diversity? Based on cross-country empirical work, this paper argues that the best answers are yes, no and maybe. Copyright 1998 by Oxford University Press.
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Bibliographic InfoArticle provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.
Volume (Year): 7 (1998)
Issue (Month): 3 (October)
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