EconPapers    
Economics at your fingertips  
 

Growth and Volatility Nexus in Sub‐Saharan Africa

Jemberu Lulie Mekonnen and Ali Suut Dogruel

African Development Review, 2018, vol. 30, issue 2, 175-186

Abstract: Using cross‐sectional and panel data estimation techniques with various methods of volatility measures, we have found a significant negative impact of growth volatility on growth for 35 sub‐Saharan African countries from 1980 to 2013. When we consider the possible endogeneity of growth volatility, we obtained a more strong negative relationship. Decade by decade regression indicates a decline in the volatility effect over time for standard deviation based method. Nevertheless, volatility coefficient of one decade does not significantly vary from the other decade when we test for the equality of the coefficients. We further classified SSA countries into ‘resource rich’ and ‘resource non‐rich’ so as to observe if volatility varies by resource within the region. Although the latter groups seem to have a stronger negative relationship, it is the ‘resource rich’ countries which have a stronger negative relationship when endogeneity of growth volatility is taken into account.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/1467-8268.12322

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:afrdev:v:30:y:2018:i:2:p:175-186

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1017-6772

Access Statistics for this article

African Development Review is currently edited by John C. Anyanwu, Hassan Aly and Kupukile Mlambo

More articles in African Development Review from African Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-03-29
Handle: RePEc:bla:afrdev:v:30:y:2018:i:2:p:175-186