Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions
AbstractRecent evidence from an exhaustive political-economy study of growth of African economise - the Growth Project of the African Economic Research Consortium (AERC) - suggests that 'policy syndromes' have substantially contributed to the generally poor growth in sub-Saharan Africa during post-independence.� The current article employs the unique data and insights generated by the Growth Project to further explore that importance of a 'syndrome-free' (SF) regime for growth in the region by examining: (i) the channels via which SF affects growth: total factor productivity (TFP) versus factors of production; and (ii) the role of institutions in mediating this impact, with special attention accorded the efficacy of the restraint on the executive branch of government in mitigating the potentially adverse effect of ethnicity.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number WPS/2012-11.
Date of creation: 31 Jul 2012
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Other versions of this item:
- Augustin Kwasi Fosu, 2013. "Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 22(4), pages -551, August.
- Augustin Kwasi Fosu, 2012. "Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions," CSAE Working Paper Series 2012-11, Centre for the Study of African Economies, University of Oxford.
- Fosu, Augustin Kwasi, 2013. "Growth of African economies: Productivity, policy syndromes, and the importance of institutions," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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