Abstract

This study uses international data to examine the relationship between economic performance and its determinants for selected countries in the African Region. Performance is defined as a positive increase in the average growth rate of the gross domestic product. The study covers approximately 30 years, 1970 through 1999, and involves 42 African countries. After controlling for the effects of geographic location and years of independent policy-making, the results indicate that capital and exports contributed significantly to the growth of the gross domestic product. Labor, on the other hand, did not conform to the hypothesized formulation of a positive effect on output growth.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.