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The comparative economics of catch-up in output per worker, total factor productivity and technological gain in Sub-Saharan Africa

Ssozi, John; Asongu, Simplice A. - 2015

the beta catch-up and sigma convergence to compare dispersions in output per worker, total factor productivity and ….70% per annum with corresponding time to full catch-up of 25.38 years and 26.01 years respectively. Third, we find sigma-convergence …

Persistent link: https://www.econbiz.de/10011407943

African development : beyond income convergence

Asongu, Simplice A. - 2012

indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates … convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 … is that the income component of the human development index moves slower than others in the convergence process and thus …

Persistent link: https://www.econbiz.de/10011410273

Heterogeneous convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2013

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are …

Persistent link: https://www.econbiz.de/10010335973

Federal, state, and local governments: Evaluating their separate roles in US growth

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - 2008

We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...

Persistent link: https://www.econbiz.de/10010336011

Relevance of Wagner's hypothesis in achieving sustainable development agenda in Nigeria

Oseni, Isiaq O.; Adekunle, Ibrahim A. - 2020

Policy ambiguity in the form of non-directional and non-purposeful use of state resources has made sustainable growth outcomes a mirage in Nigeria. Recent economic crisis prompted the debate on how increased government spending induces sustainable economic growth in Nigeria. This paper examines...

Persistent link: https://www.econbiz.de/10012165290

Financial development and human capital thresholds for the infrastructure development-industrialization nexus in Africa

Nkemgha, Guivis Zeufack; Nchofoung, Tii Njivukuh; … - 2022

Examining the value-added link between infrastructure and industrialization is fundamental to achieving Sustainable Development Goal (SDG) 9, which consists of building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation. The objectives of...

Persistent link: https://www.econbiz.de/10013461773

Does trade cause divergence? Dynamic panel data evidence

Felbermayr, Gabriel - 2004

This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach and that it is best estimated with Blundell and Bond’s (1999) system-GMM estimator. This procedure remedies some econometric problems such as regressor endogeneity, measurement...

Persistent link: https://www.econbiz.de/10010294545

Can government policies increase national long-run growth rates?

Landon-Lane, John S.; Robertson, Peter E. - 2001

We obtain time series estimates of the long run growth rates of 17 OECD countries, and test the hypothesis that these are the same across countries. We find that we cannot reject this hypothesis for the first and last three decades of the 20th century. We conclude that: (i) there are few, if...

Persistent link: https://www.econbiz.de/10010318375

Has knowledge improved economic growth? : evidence from Nigeria and South Africa

Shobande, Olatunji Abdul; Asongu, Simplice - 2021

variables. The speed of convergence of the variables to their long-term mean values is relatively higher for South Africa than …

Persistent link: https://www.econbiz.de/10012621390

Trajectories in knowledge economy : empirics from SSA and MENA countries

Asongu, Simplice; Andrés, Antonio R. - 2015

In the first critical assessment of knowledge economy dynamic paths in Africa and the Middle East, but for a few exceptions, we find overwhelming support for diminishing cross-country disparities in knowledge-base-economy dimensions. The paper employs all the four components of the World Bank's...

Persistent link: https://www.econbiz.de/10011596861