Opomíjená heterogenita lidí aneb Proč Afrika dlouhodobě neroste / On forgotten heterogeneity and absence of long-term growth in Africa [available in Czech only]
AbstractThere is hardly any bigger economic tragedy than poor economic development of sub-Saharan Africa. The persistent character of its slow growth or even decline is not possible to explain when using standard growth theories and cross-coutry data. We have suggested a classification framework for existing theories and it allowed us to show that all these approaches (despite their broadness and different policy implications) assume that people’s preferences everywhere in the world can be embodied in Homo oeconomicus concept. Growth incompatible behavior is then explained by unfavorable environment being it geography, colonial legacy or bad policy environment. Our aim is to highlight that current concepts omit the possible heterogeneity of people resulting from culture, very poor education level and health conditions. In our view, explanation of African specific behavioral patterns can contribute to deeper understanding, why there is lack of investments and lack of specialization; and thus why there is no growth in sub-Saharan Africa.
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Bibliographic InfoPaper provided by Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies in its series Working Papers IES with number 2006/18.
Length: 19 pages
Date of creation: Jul 2006
Date of revision: Jul 2006
economic growth; sub-Saharan Africa; poverty trap; governance; behavioral patterns;
Find related papers by JEL classification:
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-13 (All new papers)
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