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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Sources of economic growth and technology transfer in sub-Saharan Africa
Authors:Ahmed, Abdullahi D.ISNI
Suardi, SandyISNI
Periodical:South African Journal of Economics
Geographic term:Subsaharan Africa
economic development
technical cooperation
Abstract:This paper provides empirical evidence on the sources of growth in sub-Saharan Africa (SSA). An endogenous technology growth model (using annual data from 1971 to 2000) is estimated to measure contributions of diminishing returns and technology transfer to the rate of conditional convergence in SSA. Several conclusions can be drawn from the empirical results. First, there is evidence of conditional convergence among SSA countries. Second, there is evidence that countries with a more open and outward orientation are likely to experience higher growth. Third, it appears that convergence in the growth rates can potentially arise from differences in the technological growth rates. The data rejects the constant technology growth rate assumed by the Solow-Swan model. When heterogeneity in the pace of technological progress is incorporated in the technology transfer model, there is evidence that the international transfer of technology engenders technological catch-up effects in the SSA region. While the country-specific rates of innovation influence their productivity level in the long run, long-run growth is determined by the growth rate of the technology leader. Fourth, although human capital does not appear to significantly influence economic growth in SSA countries directly, there is evidence to suggest that it operates via technological growth and enhances technological transfer. The results carry important policy implications for improving the standard of living and economic growth rate of African countries. Bibliogr., notes, ref., sum. [ASC Leiden abstract]