Significant drivers of growth in Africa

Oleg Badunenko, Daniel Henderson () and Romain Houssa

Journal of Productivity Analysis, 2014, vol. 42, issue 3, 339-354

Abstract: 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. Copyright Springer Science+Business Media New York 2014

Keywords: Africa; Bootstrap; Growth; Production frontier; C14; C15; O10; O40 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (9)

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Working Paper: Significant Drivers of Growth in Africa (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:42:y:2014:i:3:p:339-354

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DOI: 10.1007/s11123-014-0400-4

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