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Impact of Macroeconomic Factors on Total Factor Productivity in Sub-Saharan African Countries

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  • Anthony Enisan Akinlo

Abstract

This study explores the effects of macroeconomic factors on total factor productivity (TFP) in 34 sub-Saharan African countries for the period 1980-2002. The econometric analysis shows that external debt is negatively and significantly related to TFP. Other factors that have significant negative effect include inflation rate, agricultural value-added as a percentage of GDP, lending rate, and local price deviation from purchasing power parity.

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  • Anthony Enisan Akinlo, 2005. "Impact of Macroeconomic Factors on Total Factor Productivity in Sub-Saharan African Countries," WIDER Working Paper Series RP2005-39, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2005-39
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