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Social Ingredients and Conditional Convergence in the Study of Sectoral Growth

Author

Listed:
  • Jacques Kibambe

    (Department of Economics, University of Pretoria)

  • Renee van Eyden

    (Department of Economics, University of Pretoria)

  • charlotte du Toit

    (Department of Economics, University of Pretoria)

Abstract

In this research article, we investigate the improved modelling ability and the outstanding policy advocacy of infusing health and education in sectoral growth equations of the South African economy. Our findings not only include improved and dependable modelling results but also provide distinct estimates of the returns on investment in health and education per sector using Iterative Seemingly Unrelated Regressions techniques. Additionally, this paper provides a theoretical description of the productivity effects of HIV/AIDS using sectoral equations. Also, this research investigates the diffusion process in the technological progress at the South African sectoral level and its impact on the study of social ingredients. Using a fixed effects model, some features of the diffusion process are explained.

Suggested Citation

  • Jacques Kibambe & Renee van Eyden & charlotte du Toit, 2009. "Social Ingredients and Conditional Convergence in the Study of Sectoral Growth," Working Papers 200931, University of Pretoria, Department of Economics.
    • Handle: RePEc:pre:wpaper:200931
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    References listed on IDEAS

    as
    1. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    2. Gary S. Becker & Tomas J. Philipson & Rodrigo R. Soares, 2005. "The Quantity and Quality of Life and the Evolution of World Inequality," American Economic Review, American Economic Association, vol. 95(1), pages 277-291, March.
    3. Victor Zarnowitz, 1986. "The Record and Improvability of Economic Forecasting," NBER Working Papers 2099, National Bureau of Economic Research, Inc.
    4. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-1085, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Coefficient of effectiveness; Diffusion process; Fixed effects model; Seemingly Unrelated Regressions;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • I39 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Other

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