Growth Empirics: Evidence from Sierra Leone

Kallon, Kelfala M.

doi:10.1111/j.1467-8268.2013.12025.x

Cited by 5 publications

(2 citation statements)

References 31 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In Model (1) as shown in Table IV, the initial income has an insignificant negative relationship with growth in income, indicating that the traditional growth variables of capital, labor and provision for depreciation (proxied by population growth rate) alone could not ensure convergence among the countries in the region. Both stock of human and physical capital revealed significant positive relationship with the level of income, while (POPG) exhibits an insignificant negative relationship, in consistent with previous empirical findings on the impact of capital stock on growth (Krugman, 1994; Bassanini and Scarpetta, 2002; Young, 2004; Kallon, 2013).…”

Section: Presentation and Analysis Resultssupporting

confidence: 90%

African growth convergence: role of institutions and macroeconomic policies

Olarinde

Yahaya

2018

IJDI

View full text Add to dashboard Cite

Purpose The purpose of this study is to examine the role of institutions and policies on growth convergence in Africa. Design/methodology/approach This study uses different methods of panel modelling on a panel of 50 African Countries covering a period of 1990-2014. Findings The results confirmed the presence of conditional convergence among countries in the region. On the average, technology accumulation and fiscal policies indicators are positive function of growth, while human resources, monetary policies indicators and ineffective institutions partly necessitated by poor level of development negatively impact growth. The study concludes, though traditional growth variables and policies are imperative in achieving growth in income, they remain insufficient in an environment characterize by extractive and absolutist institutions. Therefore, institution remains the link that bridges the gap in between proper mix of resources and policies. Research limitations/implications Based on the results, policy-makers in the region should allocate certain percentage of their resources (on a sustainable basis) towards building a qualitative institution. Also, future studies on Africa should be focused on the rate at which poor level of economic development determines the quality of institutions which in turn impacts the level of growth in income. Originality/value The study contributes to the existing literature on institutional convergence with particular focus on African countries using system GMM to capture the endogeneity among the series.

show abstract

Section: Presentation and Analysis Resultssupporting

confidence: 90%

African growth convergence: role of institutions and macroeconomic policies

Olarinde

Yahaya

2018

IJDI

View full text Add to dashboard Cite

show abstract

“…The coefficients of stock of capital (SK) exhibit a positive significant impact on economic growth across all models. The results of this study are consistent with the findings of Krugman, 1994;Bassanini, 2002;Young, 2004;and Kallon, 2013). It confirms the endogenous growth theory which posits that investment in R&D results in technology accumulation which in turn increases output (see, Romer, 1986) or at worst, growth remains at a steady state ( see, Barro,1990;Rebelo, 1991).…”

Section: Analysis and Discussion Of Regression Resultssupporting

confidence: 90%

Institutions, Macroeconomic Policies and Economic Growth in Africa: Evidence from Panel Data

Aliero

Olarinde

2019

JAD

View full text Add to dashboard Cite

This study investigates the effects of institution and macroeconomic policy on economic growth in Africa, using panel Cointegration technique to analysed data obtained from a panel of 50 African Countries covering a period of 25years (1990-2014). The results confirm that declining growth rate in Africa is due to poor management of macroeconomic policies. A weak turning point is also confirmed to exist for government size in the short run; in the long run it becomes more pronounce. The Wald restrictions tests of causality ascertain that institutions lead economic growth performance in the short run, while poor economic growth performance impaired the capacity required in building strong institutions which in turn stunts growth in the long run. Therefore, African leaders should tilt their expenditure in favour of human capital development and strong institution, ensure intra-regional trade and adopt private sector led – economic growth strategy.

show abstract

Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Ndiaye

Korsu

2016

Advances in African Economic, Social and Political Development

View full text Add to dashboard Cite

Growth Empirics: Evidence from Sierra Leone

Cited by 5 publications

References 31 publications

African growth convergence: role of institutions and macroeconomic policies

African growth convergence: role of institutions and macroeconomic policies

Institutions, Macroeconomic Policies and Economic Growth in Africa: Evidence from Panel Data

Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Contact Info

Product

Resources

About