Explaining African Growth Performance: A Production-Frontier Approach
Romain Houssa (),
Oleg Badunenko () and
Daniel Henderson ()
No 1013, Working Papers from University of Namur, Department of Economics
This paper employs a production frontier approach that allows distinguishing technologic progress from efficiency development. Data on 35 African countries in 1970-2007 show that efficiency losses have constrained growth in Africa while technology progress has played a marginal growth enhancing role in the region. Moreover, physical and human capital accumulation are the main factors that drive productivity growth at the country level. Examining the outcomes of successful countries suggests that good governance, institutional quality and good policies are key factors for improving economic development in Africa. These factors are even more required in Sub-Saharan Africa given the natural constraints of geography in the region.
Pages: 55 pages
New Economics Papers: this item is included in nep-afr, nep-eff and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:nam:wpaper:1013
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