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Analysing the sources of economic growth in Africa using growth a accounting and a panel VAR approach

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  • Boopen Seetanah
  • Sawkut Rojid

    (University of Mauritius, Mauritius
    The World Bank1)

Abstract

Using growth accounting framework and panel data analysis, while accounting for dynamics and endogeneity issues in growth modelling, this paper analyses the sources of growth in selected COMESA member countries. The growth accounting suggests a moderate level of TFP and that the contribution of capital and labour has been more or less the same. The results from the econometrics study are also along the same line with capital accumulation, openness and education observed to be among the most important ingredient of growth. The econometric study has also shown the importance of some other variables like political and institutional stability, financial development, IMF assistance funds and spill over effects as potential factors that may affect growth.

Suggested Citation

  • Boopen Seetanah & Sawkut Rojid, 2011. "Analysing the sources of economic growth in Africa using growth a accounting and a panel VAR approach," Journal of Developing Areas, Tennessee State University, College of Business, vol. 44(2), pages 367-390, January-M.
    • Handle: RePEc:jda:journl:vol.44:year:2011:issue2:pp:367-390
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    More about this item

    Keywords

    Economic Growth; Africa; Growth Accounting; Panel VAR;
    All these keywords.

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • 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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