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Impact of Macroeconomic Factors on Total Factor Productivity in Sub-Saharan African Countries

Anthony Akinlo

No RP2005-39, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This study explores the effects of macroeconomic factors on total factor productivity (TFP) in 34 sub-Saharan African countries for the period 1980-2002. The econometric analysis shows that external debt is negatively and significantly related to TFP. Other factors that have significant negative effect include inflation rate, agricultural value-added as a percentage of GDP, lending rate, and local price deviation from purchasing power parity.

Keywords: Econometric models (Economic development); Macroeconomics; Productivity (search for similar items in EconPapers)
Date: 2005
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