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Like this article? PLEASE +1 it! |  |
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tfp Tagged Articles
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6.5 Financing research to increase TFP: Economic Report on Africa 2007
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| The other major area in which new economic policies for diversification are required
is in research. The majority of African countries, since the demise of diversification
gain resorted to relying on factor accumulation as the main source of economic
growth. |
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5.3 Conclusion: Economic Report on Africa 2007
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| This chapter has shown that there are clear and measurable determinants of diversification
in Africa at the continental, subregional and country level. Despite the
inadequacy of African data, it may be said that, at least at the continental level, the
diversification process is highly influenced by investment, per capita income, level
of openness, macroeconomic policy stances, governance, and conflict. |
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5.2 Africa’s diversification regimes revisited: Economic Report on Africa 2007
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| A further link to productivity |
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5.2 Economic growth and diversification: Economic Report on Africa 2007
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| Exploration of the TFP link in Africa |
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5.2 Is it factor accumulation or total factor productivity that drives growth in Africa?: Economic Report on Africa 2007
| |
| To investigate the link between growth and diversification, it was important to
first quantify the contribution of TFP to economic growth. This section analyses
the sources of growth for African countries using the standard growth accounting
method, making it possible to disaggregate the shares of growth contributed by TFP,
capital and labour. Growth in output is the sum of the growth in capital, labour
and TFP. Capital accumulation is an essential element in the growth process, as it
enlarges the economy’s capacity to produce. Increases in labour or labour force have
traditionally been considered a positive factor in stimulating economic growth. |
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5.2 Growth, productivity and diversification: Economic Report on Africa 2007
| |
| There is abundant literature that suggests that there is a two-way relationship between
exports and growth. However, an important aspect of this evidence is that it is not
just the level of exports that leads to growth but also the level of diversified exports
or products. |
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