Publication: Political Institutions and Economic Growth in Africa
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2003-03
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Center for International Development at Harvard University
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Nkurunziza, Janvier D., and Robert H. Bates. “Political Institutions and Economic Growth in Africa.” CID Working Paper Series 2003.98, Harvard University, Cambridge, MA, March 2003.
Abstract
In this paper we (a) review the literature on the so-called "African dummy"; (b) describe the system GMM method of estimation, by which Hoeffler (2002) shows the "Africa dummy" to be an artifact of the application of inappropriate estimation techniques; and (c) employ this technique to measure the impact of political variables - measures of stability, regime type, and violence - on economic growth in Africa.
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