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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Explaining Slow Growth in Africa
Authors:Azam, Jean-PaulISNI
Fosu, AugustinISNI
Ndung'u, Njuguna S.ISNI
Year:2002
Periodical:African Development Review
Volume:14
Issue:2
Period:December
Pages:177-220
Language:English
Geographic term:Africa
Subjects:economic development
Economics and Trade
External link:https://onlinelibrary.wiley.com/doi/10.1111/1467-8268.00051/pdf
Abstract:This paper critically reviews the empirical literature on growth, with a view to drawing some lessons for Africa. It illustrates the diversity of the results found by different authors, and calls for a more rigorous approach, paying attention to the identification of structural parameters and to simultaneity biases. It emphasizes the part played by openness and export orientation as the main policy variables affecting growth. Then, the choice of bad policies, which seems to be the main proximate cause of slow growth in Africa, is traced to the lack of social capital and deficient political institutions. Bibliogr., notes, ref., sum. in English and French. [Journal abstract]
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