Capital instability and economic growth in Sub‐Saharan Africa
Bibliographic Data
| ID | 20303293 |
|---|---|
| Authors | Augustin Kwasi Fosu (Oakland University, corresponding author) |
| Year | 1991 |
| Volume | 28 |
| Issue | 1 |
| Pages | 74-85 |
| Publication date | 1991-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of Development Studies (JOURNAL) |
| Journal identifiers | ISSN: 0022-0388 • E-ISSN: 1743-9140 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00220389108422223 |
| OpenAlex | W1989302606 |
| Language | EN |
| Citations received | 1 |
| References cited | 24 |
The current study finds that instability in capital formation ‐capital instability (CI), rather than export instability (EI) per se, is a relevant variable affecting growth of less developed countries (LDCs) of Sub‐Saharan Africa. Using a cross‐sectional analysis involving 1967–86 World Bank annual data on 33 Sub‐Saharan LDCs, the article observes that neither CI nor EI exercises a negative influence on GDP growth when arguments of the augmented production function, namely, labour, capital and exports, are allowed to vary. Controlling for the effects of these variables, however, reveals a substantial adverse impact of CI on GDP growth. Meanwhile, EI is found to be extraneous in the growth equation
Capital (architecture) · Capital formation · Demographic economics · Development economics · Economic growth · Economics · Financial capital · Geography · Human capital · Instability · Macroeconomics · Monetary economics · Production (economics) · Production function · Economic Growth and Productivity · Economic Theory and Policy · Global trade and economics
World Development Report 1988
Export Instability and Economic Development
Elements of Econometrics
The Effect of Foreign Exchange Instability on Growth
Exports and economic growth
On exports and economic growth
Exports and growth
Export fluctuations and economic growth
Growth and export expansion in developing countries
Exports and economic growth
Export instability, expansion and market concentration
Exports, policy choices, and economic growth in developing countries after the 1973 oil shock
Exports and Economic Growth of Developing Countries
Export Instability and Economic Growth
Economics of Development
Export Instability and Economic Growth
Export Instability and Economic Growth
Exports and Economic Growth
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,04 |
| Citation span | 2001 - 2001 (1) |
| Citation velocity | historical |
| Highly cited | No |