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Sources Of Economic Growth And Technology Transfer In Sub‐Saharan Africa1

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  • Abdullahi D Ahmed
  • Sandy Suardi

Abstract

This paper provides some empirical evidence on the sources of growth in sub‐Saharan Africa (SSA). Within the classical convergence framework, several macroeconomic, socio and political factors are identified as affecting the steady state growth paths of the SSA countries. The rejection of the constant technology growth rate assumption implied by the linearised Solow‐Swan growth specification suggests differences in the economies' technology growth rates. An endogenous technology growth model is estimated to measure contributions of diminishing returns and technology transfer to the rate of conditional convergence in the region. The results carry important policy implications for improving the standard of living and economic growth rate of African countries.

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  • Abdullahi D Ahmed & Sandy Suardi, 2007. "Sources Of Economic Growth And Technology Transfer In Sub‐Saharan Africa1," South African Journal of Economics, Economic Society of South Africa, vol. 75(2), pages 159-178, June.
    • Handle: RePEc:bla:sajeco:v:75:y:2007:i:2:p:159-178
    DOI: 10.1111/j.1813-6982.2007.00116.x
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    References listed on IDEAS

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    5. Stephen Bond & Anke Hoeffler, 2001. "GMM Estimation of Empirical Growth Models," Economics Series Working Papers 2001-W21, University of Oxford, Department of Economics.
    6. Nerlove, Marc, 1998. "Growth Rate Convergence, Fact or Artifact? An Essay on the Use and Misuse of Panel Data Econometrics," Working Papers 197853, University of Maryland, Department of Agricultural and Resource Economics.
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    9. Stanley Fischer, 1991. "Growth, Macroeconomics, and Development," NBER Working Papers 3702, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Joao J. M. Ferreira & Cristina Fernandes & Vanessa Ratten, 2019. "The effects of technology transfers and institutional factors on economic growth: evidence from Europe and Oceania," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1505-1528, October.
    2. Luboš Smutka & Karel Tomšík, 2014. "GDP Structure and Economic Performance in Sub-Saharan Countries," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 62(4), pages 729-747.
    3. Faiza A. Khan, 2014. "Economic Convergence in the African Continent: Closing the Gap," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 354-370, September.
    4. Tomšík, K. & Smutka, L. & Lubanda, J.-P. E. & Rohn, H., 2015. "Position of Agriculture in Sub-Saharan GDP Structure and Economic Performance," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(01), pages 1-12, March.
    5. Ahmed, Abdullahi D., 2016. "Integration of financial markets, financial development and growth: Is Africa different?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 42(C), pages 43-59.
    6. Ahmed, Abdullahi D. & Mmolainyane, Kelesego K., 2014. "Financial integration, capital market development and economic performance: Empirical evidence from Botswana," Economic Modelling, Elsevier, vol. 42(C), pages 1-14.

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