Article1998

Initial Conditions, Social Capital and Growth in Africa

174 citations0/0 files storedJournal of African Economies

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Economic Growth and Productivity Culture, Economy, and Development Studies Economic Growth and Development

Abstract

Observable variables capturing initial conditions can account for well over half of the variation in developing country growth rates. This paper investigates their role in explaining Africa's recent economic history. Should the origins of slow growth be traced to Africa's social arrangements, high inequality and ethnic diversity? Based on cross-country empirical work, this paper argues that the best answers are yes, no and maybe.

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References

1989Economic Growth in a Cross Section of Countries 1997Does Social Capital Have an Economic Payoff? A Cross-Country Investigation 1997Africa's Growth Tragedy: Policies and Ethnic Divisions 1986Ethnic Groups in Conflict.1998Social capital and economic development: Toward a theoretical synthesis and policy framework 1994Distributive Politics and Economic Growth 1995Natural Resource Abundance and Economic Growth 1975Clausulas comparativas do portugues

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