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Significant Drivers of Growth in Africa

Oleg Badunenko (), Daniel Henderson () and Romain Houssa ()

No 1208, Working Papers from University of Namur, Department of Economics

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 have significantly contributed to growth in Africa. Although physical capital accumulation is the largest force, it is not statistically significant. Thus, ignoring statistical inference would falsely identify physical capital accumulation as a major driver of growth in Africa when it is not.

Keywords: Africa; bootstrap; growth; production frontier (search for similar items in EconPapers)
JEL-codes: C14 O10 O40 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2012-08
New Economics Papers: this item is included in nep-afr, nep-dev and nep-fdg
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http://www.fundp.ac.be/eco/economie/recherche/wpseries/wp/1208.pdf First version, 2012 (application/pdf)

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Journal Article: Significant drivers of growth in Africa (2014) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:nam:wpaper:1208

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