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Growth Convergence Across Countries And Regions In The Long Run: An Empirical Study Using Panel Analysis (1980-2018), Portia Mensah
Growth Convergence Across Countries And Regions In The Long Run: An Empirical Study Using Panel Analysis (1980-2018), Portia Mensah
Masters Theses
With the emergence of new superpowers, the changing landscape of the global economy, and the heterogeneity of growth experiences being discovered in recent times, the concept of growth convergence must be revisited. This study examines whether developing countries are catching up with the advanced countries in terms of their per capita income. The study uses a panel analysis of 69 countries over a period of 39 years spanning from 1980 to 2018 to test for growth convergence (both absolute and conditional) among countries based on the Augmented Solow model. The countries were further divided into three regions namely, Europe, Asia, …
Financial Development In Developing Countries, Obinna Franklin Ezeibekwe
Financial Development In Developing Countries, Obinna Franklin Ezeibekwe
Masters Theses
What are the economic, political, institutional, socio-cultural, and geographical determinants of financial development in developing countries? This paper uses the two-way fixed effects (with clustered standard errors) and annual panel data from 1980 to 2018 for 69 developing countries in sub-Saharan Africa, Middle East and North Africa, East and South Asia, Latin America, and the Caribbean to address this question. The principal component analysis is employed to construct a financial development index based on three financial development indicators. This study builds on previous studies by introducing new potential determinants of financial development, such as the perception of corruption, and by …
Do Shifts In Labor Shares In Productivity Growth Affect Poverty And Inequality? A Comparative Study Of Sub-Saharan Africa And Asia, Precious W. Allor
Do Shifts In Labor Shares In Productivity Growth Affect Poverty And Inequality? A Comparative Study Of Sub-Saharan Africa And Asia, Precious W. Allor
Masters Theses
This paper examines whether productivity growth induced by intersectoral labor movement affects inequality and poverty. To address this question a nonparametric shift-share decomposition technique is employed to decompose productivity growth into the structural change component; the component of productivity growth that is induced by the intersectoral labor movement, and the technological change component; the component of productivity growth that is induced by capital or improvements in productive efficiency. The paper then examines the long-run impact of structural change-induced productivity growth on poverty and inequality for a sample of 28 countries, and with a focus on Sub-saharan Africa and Asia. The …