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.
|Date of creation:||01 Mar 2003|
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- Kenneth J. Arrow, 1962. "The Economic Implications of Learning by Doing," Review of Economic Studies, Oxford University Press, vol. 29(3), pages 155-173.
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