Political Institutions and Economic Growth in Africa
The purposes of this paper include (a) a review of the literature on the so-called .African dummy;. (b) an explication of the system GMM method of estimation, by which Hoeffler (2002) shows the .Africa dummy. to be an artifact of the application of inappropriate estimation techniques; and (c) an effort to employ this technique to measure the impact of political variables . measures of stability, regime type, and violence . on economic growth in Africa.
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