Significant drivers of growth in Africa

Oleg Badunenko, Daniel J. Henderson, Romain Houssa

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Résumé

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.

langue originaleAnglais
Pages (de - à)339-354
Nombre de pages16
journalJournal of Productivity Analysis
Volume42
Numéro de publication3
Les DOIs
Etat de la publicationPublié - 24 oct. 2014

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