Explaining Growth in African Countries – What Matters?
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Note: Alexandra Ferreira-Lopes and Tiago Neves Sequeira would like to thank the Portuguese National Science Foundation (FCT) and FEDER/COMPETE for funding, through projects UID/GES/00315/2013 and UID/ECO/04007/2013 (POCI-01-0145-FEDER-007659). The authors would also like to thank two anonymous referees for very useful suggestions. The usual disclaimer applies.
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Keywords
economic growth; African countries; investment and capital stock; human capital; fiscal variables; observed and non-observed heterogeneity;All these keywords.
JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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