Significant drivers of growth in Africa
| Autor: | Oleg Badunenko, Romain Houssa, Daniel J. Henderson |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2014 |
| Předmět: |
Economics and Econometrics
Economics growth Growth Human capital Business economics Physical capital jel:O40 production frontier parasitic diseases Statistical inference Econometrics Business and International Management bootstrap Technological change Convergence (economics) Production–possibility frontier jel:C14 Bootstrap Africa bootstrap growth production frontier Africa jel:O10 Production frontier Social Sciences (miscellaneous) |
| Zdroj: | Badunenko, O, Henderson, D J & Houssa, R 2014, ' Significant drivers of growth in Africa ', Journal of Productivity Analysis, vol. 42, no. 3, pp. 339-354 . https://doi.org/10.1007/s11123-014-0400-4 |
| ISSN: | 1573-0441 0895-562X |
| DOI: | 10.1007/s11123-014-0400-4 |
| Popis: | We employ bootstrap techniques in a production frontier framework to provide statistical inference for each component in the decomposition of labor productivity growth, which has essentially been ignored in this literature. We show that only two of the four components (efficiency changes and human capital accumulation) have significantly contributed to growth in Africa. Although physical capital accumulation is the largest force, it is not statistically significant on average. Thus, ignoring statistical significance would falsely identify physical capital accumulation as a major driver of growth in Africa when it is not. |
| Databáze: | OpenAIRE |
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