Why is Africa so Poor? A Structural Model of Economic Development and Income Inequality
AbstractThe paper extends existing work on inequality and economic development by estimating a cross-country structural model that identifies bi-directional relationships between income inequality and other indicators of social and economic development. Overall, lower inequality is associated with improvements in other development indicators, but this is the result of several complex interactions. The most striking feature of the structural model is the insight it provides into the reasons behind the negative Ã¢â‚¬Å“Africa dummyÃ¢â‚¬Â in previous cross-country growth studies.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number WPS/2001-05.
Date of creation: 01 May 2000
Date of revision:
income distribution; social and economic development;
Other versions of this item:
- David Fielding, 2001. "Why is Africa so poor? A structural model of economic development and income inequality," CSAE Working Paper Series 2001-05, Centre for the Study of African Economies, University of Oxford.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Angela Akorsu, 2013. "Labour Standards Application In The Informal Economy Of Ghana: The Patterns And Pressures," Economic Annals, Faculty of Economics, University of Belgrade, vol. 58(196), pages 157-176, January â.
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