Political Institutions And Economic Growth In Africa
The purpose 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 'African 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.
References listed on IDEAS
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- Bueno De Mesquita, Bruce & Morrow, James D. & Siverson, Randolph M. & Smith, Alastair, 2002. "Political Institutions, Policy Choice and the Survival of Leaders," British Journal of Political Science, Cambridge University Press, vol. 32(04), pages 559-590, October.
- 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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