CID Working Paper No. 036, January 2000
The Augmented Solow Model and the African Growth Debate
Anke E. Hoeffler
Abstract
Using panel data the question whether Africa's growth performance can be accounted for is analyzed in the framework of the augmented Solow model. Our results indicate that this model can account for Africa's low growth performance, provided that we allow for unobserved country specific effects and the endogeneity of investment in estimating the parameters of the model.
Keywords: growth, panel data analysis, Sub-Saharan Africa
JEL codes: C23, O40, O55
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