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Sources Of Economic Growth And Technology Transfer In Sub-Saharan Africa

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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. Copyright (c) 2007 The Authors; Journal compilation (c) Economic Society of South Africa 2007.

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  • Abdullahi d Ahmed & Sandy Suardi, 2007. "Sources Of Economic Growth And Technology Transfer In Sub-Saharan Africa," 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
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    References listed on IDEAS

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    1. 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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    Cited by:

    1. 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.
    2. 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. 0(Number 1), pages 1-12, March.
    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. 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.

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