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Globalization, governance, and the economic performance of Sub-Saharan Africa

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Author Info
Amavilah, Voxi Heinrich

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Abstract

I estimate and compare the effects of globalization, governance, and conventional factors and forces on the economic performance of Sub-Saharan African countries. The analysis finds that both physical and human capita as well as unexplained technical residuals affect economic performance, although human capital and technical change do not always have statistically significant impacts. The policy implication of these results calls for improvement of all three variables. Economic performance also varies with measures of globalization, suggesting that globalization is good for economic performance, but it is social globalization rather than economic globalization that is most beneficial. On average the quality of institutions are important to economic performance, but, when disaggregated, different measures of institutional quality have different effects on performance. The results are reasonable, even as there remains a need to improve them.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15600.

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Date of creation: 06 Jun 2009
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Handle: RePEc:pra:mprapa:15600

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Related research
Keywords: Globaliztion; governance; economic performance; Sub-Saharan Africa;

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Find related papers by JEL classification:
O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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  1. Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment Updates and Implications," NBER Working Papers 7911, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Maswana, Jean-Claude, 2006. "A New Framework for African Economic Development with a Focus on Technological Innovation," MPRA Paper 5550, University Library of Munich, Germany. [Downloadable!]
  3. Benhabib, Jess & Spiegel, Mark M., 1994. "The role of human capital in economic development evidence from aggregate cross-country data," Journal of Monetary Economics, Elsevier, vol. 34(2), pages 143-173, October. [Downloadable!] (restricted)
  4. Aron, Janine, 2000. "Growth and Institutions: A Review of the Evidence," World Bank Research Observer, Oxford University Press, vol. 15(1), pages 99-135, February. [Downloadable!]
  5. Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "The Colonial Origins of Comparative Development: An Empirical Investigation," American Economic Review, American Economic Association, vol. 91(5), pages 1369-1401, December. [Downloadable!] (restricted)
    Other versions:
  6. Barro, Robert J & Lee, Jong Wha, 1996. "International Measures of Schooling Years and Schooling Quality," American Economic Review, American Economic Association, vol. 86(2), pages 218-23, May. [Downloadable!] (restricted)
  7. Romer, Paul, 1993. "Idea gaps and object gaps in economic development," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 543-573, December. [Downloadable!] (restricted)
  8. Emmanuel Brou Aka & Bernardin Akitoby & Dhaneshwar Ghura & Amor Tahari, 2004. "Sources of Growth in Sub-Saharan Africa," IMF Working Papers 04/176, International Monetary Fund. [Downloadable!]
  9. Axel Dreher, 2002. "Does Globalization Affect Growth?," Development and Comp Systems 0210004, EconWPA, revised 04 Feb 2003. [Downloadable!]
  10. Amavilah, Voxi Heinrich, 2006. "Intensity of technology use and per capita real GDP across some African countries," MPRA Paper 1675, University Library of Munich, Germany. [Downloadable!]
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