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Significant Drivers of Growth in Africa

  • Oleg Badunenko

    ()

    (University of Cologne)

  • Daniel J. Henderson

    (University of Alabama)

  • Romain Houssa

    ()

    (University of Namur)

We employ bootstrap techniques in a production frontier framework to provide statistical inference for each component in the decomposition of labor productivity growth, which has essentially been ignored in this literature. We show that only two of the four components have significantly contributed to growth in Africa. Although physical capital accumulation is the largest force, it is not statistically significant. Thus, ignoring statistical inference would falsely identify physical capital accumulation as a major driver of growth in Africa when it is not.

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Paper provided by University of Namur, Department of Economics in its series Working Papers with number 1208.

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Length: 9 pages
Date of creation: Aug 2012
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Handle: RePEc:nam:wpaper:1208
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