Convergence of per capita incomes and agricultural productivity in Africa
This study is an investigation of convergence in per capita incomes and total factor productivity (TFP) for agriculture in the African continent. The concept of convergence, which is a basic prediction of the neoclassical growth model, has been shown to have considerable explanatory power. Here, the hypotheses of absolute and conditional convergence are tested for incomes and agricultural TFP using a panel of data for 32 African countries. Two methods of testing for convergence are applied. Both show that for this sample, conditional &bgr; convergence holds for the two growth measures and that education and investment appear to be the most important conditioning variables. © 1998 John Wiley & Sons, Ltd.
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Volume (Year): 10 (1998)
Issue (Month): 1 ()
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- Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
- Romer, Paul M., 1989. "What determines the rate of growth and technological change?," Policy Research Working Paper Series 279, The World Bank.
- Savvides, Andreas, 1995. "Economic growth in Africa," World Development, Elsevier, vol. 23(3), pages 449-458, March.
- Edward L. Glaeser & Hedi D. Kallal & Jose A. Scheinkman & Andrei Shleifer, 1991.
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3787, National Bureau of Economic Research, Inc.
- Quah, Danny, 1997. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs," CEPR Discussion Papers 1586, C.E.P.R. Discussion Papers.
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