The current paper, first, finds that although the post-independence growth of African economies has fallen … uncovers total factor productivity as the primary culprit underlying the generally dismal growth record. Third, reflecting … recent evidence, the paper finds that policy syndromes represent a major culprit explaining the growth performance, with …

) on economic growth. Fixed-effect and adjusted fixedeffect (regional-effect) estimations yield results consistent with the … hypothesis of conditional convergence. FDI has a significant positive impact on economic growth in all specifications. However …, openness to trade does not seem to enhance growth in poor countries. The empirical findings fail to substantiate the …

After more than a decade of economic decline and civil war, Uganda was able to return to economic growth thanks to the …

literature has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy … assesses the aid-growth literature with a focus on recent contributions. The aid-growth literature is then framed, for the … and statistically significant causal effect on growth over the long run with point estimates at levels suggested by growth …

) including the products and services which are illegal. We analyse the effects of these shocks on growth and capital stocks by … growth model. The shadow activity generally has a negative impact on productivity and the capital stock. But its effect on …-state growth rates in the two regions. An increase in illicit sector activity that is mainly expropriated by warlords leads to an …

impediments to the growth of local and informal markets; and explores incentives that would enhance informal institutions. …

incentives for new investments, downsizing of the parastatal sector and sluggish private sector growth. Preliminary results on …