Significant Drivers of Growth in Africa
AbstractWe employ bootstrap techniques in a production frontier framework to provide statistical inference for each component in the decomposition of labor productivity growth, which has essentially been ignored in this literature. We show that only two of the four components have significantly contributed to growth in Africa. Although physical capital accumulation is the largest force, it is not statistically significant. Thus, ignoring statistical inference would falsely identify physical capital accumulation as a major driver of growth in Africa when it is not.
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Bibliographic InfoPaper provided by University of Namur, Department of Economics in its series Working Papers with number 1208.
Length: 9 pages
Date of creation: Aug 2012
Date of revision:
Africa; bootstrap; growth; production frontier;
Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-AFR-2012-10-06 (Africa)
- NEP-ALL-2012-10-06 (All new papers)
- NEP-DEV-2012-10-06 (Development)
- NEP-FDG-2012-10-06 (Financial Development & Growth)
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