Abstract
Using a new measure of human capital and following the neoclassical framework suggested by Mankiw et al. (1992), [Mankiw, N., Romer, D., Weil, D., 1992. A contribution to the empirics of economic growth. Quarterly Journal of Economics 107, 407-437] this paper presents robust econometric evidence of conditional convergence among African countries over the period 1960-1985. The implied results indicate higher rates of return to physical and human capital and a low speed of convergence in these countries. The observed low speed of convergence in transitional dynamics in African countries can possibly be attributed to many structural factors including the prevailing political and economic institutions.
| Original language | English |
|---|---|
| Pages (from-to) | 249-253 |
| Number of pages | 5 |
| Journal | Economics Letters |
| Volume | 65 |
| Issue number | 2 |
| State | Published - Nov 1999 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Finance
Cite this
A test of the conditional convergence hypothesis : Econometric evidence from African countries. / Murthy, Vasudeva N. R.; Ukpolo, Victor.
In: Economics Letters, Vol. 65, No. 2, 11.1999, p. 249-253.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - A test of the conditional convergence hypothesis
T2 - Econometric evidence from African countries
AU - Murthy, Vasudeva N. R.
AU - Ukpolo, Victor
PY - 1999/11
Y1 - 1999/11
N2 - Using a new measure of human capital and following the neoclassical framework suggested by Mankiw et al. (1992), [Mankiw, N., Romer, D., Weil, D., 1992. A contribution to the empirics of economic growth. Quarterly Journal of Economics 107, 407-437] this paper presents robust econometric evidence of conditional convergence among African countries over the period 1960-1985. The implied results indicate higher rates of return to physical and human capital and a low speed of convergence in these countries. The observed low speed of convergence in transitional dynamics in African countries can possibly be attributed to many structural factors including the prevailing political and economic institutions.
AB - Using a new measure of human capital and following the neoclassical framework suggested by Mankiw et al. (1992), [Mankiw, N., Romer, D., Weil, D., 1992. A contribution to the empirics of economic growth. Quarterly Journal of Economics 107, 407-437] this paper presents robust econometric evidence of conditional convergence among African countries over the period 1960-1985. The implied results indicate higher rates of return to physical and human capital and a low speed of convergence in these countries. The observed low speed of convergence in transitional dynamics in African countries can possibly be attributed to many structural factors including the prevailing political and economic institutions.
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UR - http://www.scopus.com/inward/citedby.url?scp=0033435511&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0033435511
VL - 65
SP - 249
EP - 253
JO - Economics Letters
JF - Economics Letters
SN - 0165-1765
IS - 2
ER -