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The Augmented Solow Model and the African Growth Debate

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  • Anke E. Hoeffler

Abstract

Using panel data the question whether Africa's growth performance can be accounted for is analyzed in the framework of the augmented Solow model. Our results indicate that this model can account for Africa's low growth performance, provided that we allow for unobserved country specific effects and the endogeneity of investment in estimating the parameters of the model.

Suggested Citation

  • Anke E. Hoeffler, 2000. "The Augmented Solow Model and the African Growth Debate," CID Working Papers 36, Center for International Development at Harvard University.
  • Handle: RePEc:wop:cidhav:36
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    File URL: http://www.cid.harvard.edu/cidwp/pdf/036.pdf
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    Cited by:

    1. Capolupo, Rosa, 2009. "The New Growth Theories and Their Empirics after Twenty Years," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 3, pages 1-72.
    2. Stan du Plessis & Sonja Keller, 2002. "Bias correction in a dynamic panel data model of economic growth: The African dummy re-examined," Working Papers 04/2002, Stellenbosch University, Department of Economics.
    3. Carlos Morales, 2011. "Variedades de recursos naturales y crecimiento económico," Revista Desarrollo y Sociedad, Universidad de los Andes - CEDE, December.
    4. Rupa Duttagupta & Miss Nkunde Mwase & Mr. Jaime Guajardo & Mr. John C Bluedorn, 2013. "The Growth Comeback in Developing Economies: A New Hope or Back to the Future?," IMF Working Papers 2013/132, International Monetary Fund.

    More about this item

    Keywords

    Growth; Panel Data Analysis; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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