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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- Bueno De Mesquita, Bruce & Morrow, James D. & Siverson, Randolph M. & Smith, Alastair, 2002. "Political Institutions, Policy Choice and the Survival of Leaders," British Journal of Political Science, Cambridge University Press, vol. 32(04), pages 559-590, October.
- Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.