| By: |
Francisco Serranito (Centre d'Economie de l'Université de Paris Nord (CEPN)) |
| Abstract: |
This paper aims at testing the determinants of TFP in the case of a panel of
African and Middle-East countries for the period 1970-2010. We get two main
results. Firstly, the degree of openness of a country is the only variables
that have a positive and robust effect on the TFP growth. Secondly,
convergence is not an automatic phenomenon for all countries. The possibility
of a convergence effect depends on the ability of countries to adopt foreign
technology. The absorptive capacity depends on the stock of human capital and
the degree of financial market development. |
| Keywords: |
Technology gap, Catching-up, Dynamic Panel Data, GMM estimation, Middle-East and North Africa, Sub-Saharan African countries |
| JEL: |
I2 O1 O3 O4 |
| Date: |
2017–06 |
| URL: |
http://d.repec.org/n?u=RePEc:upn:wpaper:2017-13&r=fdg |