Significant drivers of growth in Africa

Oleg Badunenko, Daniel J. Henderson, Romain Houssa

Résultats de recherche: Contribution à un journal/une revueArticle

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
étatPublié - 24 oct. 2014

Empreinte digitale

capital accumulation
driver
labor productivity
statistical significance
human capital
efficiency
Physical capital
Capital accumulation
Africa
Statistical significance
Decomposition
Production frontier
Human capital accumulation
Statistical inference
Labour productivity
Bootstrap
Productivity growth
Efficiency change

Citer ceci

Badunenko, Oleg ; Henderson, Daniel J. ; Houssa, Romain. / Significant drivers of growth in Africa. Dans: Journal of Productivity Analysis. 2014 ; Vol 42, Numéro 3. p. 339-354.
@article{fdac3fc2e72843468350371ac9379883,
title = "Significant drivers of growth in Africa",
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 (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.",
keywords = "Africa, Bootstrap, Growth, Production frontier",
author = "Oleg Badunenko and Henderson, {Daniel J.} and Romain Houssa",
year = "2014",
month = "10",
day = "24",
doi = "10.1007/s11123-014-0400-4",
language = "English",
volume = "42",
pages = "339--354",
journal = "Journal of Productivity Analysis",
issn = "0895-562X",
publisher = "Springer Netherlands",
number = "3",

}

Significant drivers of growth in Africa. / Badunenko, Oleg; Henderson, Daniel J.; Houssa, Romain.

Dans: Journal of Productivity Analysis, Vol 42, Numéro 3, 24.10.2014, p. 339-354.

Résultats de recherche: Contribution à un journal/une revueArticle

TY - JOUR

T1 - Significant drivers of growth in Africa

AU - Badunenko, Oleg

AU - Henderson, Daniel J.

AU - Houssa, Romain

PY - 2014/10/24

Y1 - 2014/10/24

N2 - 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.

AB - 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.

KW - Africa

KW - Bootstrap

KW - Growth

KW - Production frontier

UR - http://www.scopus.com/inward/record.url?scp=84910155221&partnerID=8YFLogxK

U2 - 10.1007/s11123-014-0400-4

DO - 10.1007/s11123-014-0400-4

M3 - Article

AN - SCOPUS:84910155221

VL - 42

SP - 339

EP - 354

JO - Journal of Productivity Analysis

JF - Journal of Productivity Analysis

SN - 0895-562X

IS - 3

ER -