Growth and Agriculture in Sub-Saharan Africa
(2013) NEKH01 20131Department of Economics
- Abstract
- The main purpose of this essay was to find whether there was a significant correlation between RCA in agricultural products and growth in GDP per capita, in the countries of Sub-Saharan Africa. I used a modified version of the Solow model to estimate the presumptive relationship, and to see whether there is any convergence in growth between the countries. Due to lack of reported numbers I did not get as much data as I hoped for, which probably is one explanation to why I didn’t get that many significant results. But according to my estimated values, the coefficient for RCA(4) (Animal and Vegetable Oils) was significantly larger than 0 for the period 2000-2005, and there was β-convergence in the period 2005-2010 with respect to GDP per... (More)
- The main purpose of this essay was to find whether there was a significant correlation between RCA in agricultural products and growth in GDP per capita, in the countries of Sub-Saharan Africa. I used a modified version of the Solow model to estimate the presumptive relationship, and to see whether there is any convergence in growth between the countries. Due to lack of reported numbers I did not get as much data as I hoped for, which probably is one explanation to why I didn’t get that many significant results. But according to my estimated values, the coefficient for RCA(4) (Animal and Vegetable Oils) was significantly larger than 0 for the period 2000-2005, and there was β-convergence in the period 2005-2010 with respect to GDP per capita. With more time and space, this essay and its results could have been extended (e.g. looking at more years and/or sectors to get more observations). I could also have included more variables, e.g. agricultural exports as a share of GDP. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/3631445
- author
- Hägerdal, Måns LU
- supervisor
-
- Joakim Gullstrand LU
- Hans Falck LU
- organization
- course
- NEKH01 20131
- year
- 2013
- type
- M2 - Bachelor Degree
- subject
- keywords
- Growth, Agriculture, Sub-Saharan Africa, RCA, Solow model
- language
- English
- id
- 3631445
- date added to LUP
- 2013-04-19 08:23:56
- date last changed
- 2013-04-19 08:23:56
@misc{3631445, abstract = {{The main purpose of this essay was to find whether there was a significant correlation between RCA in agricultural products and growth in GDP per capita, in the countries of Sub-Saharan Africa. I used a modified version of the Solow model to estimate the presumptive relationship, and to see whether there is any convergence in growth between the countries. Due to lack of reported numbers I did not get as much data as I hoped for, which probably is one explanation to why I didn’t get that many significant results. But according to my estimated values, the coefficient for RCA(4) (Animal and Vegetable Oils) was significantly larger than 0 for the period 2000-2005, and there was β-convergence in the period 2005-2010 with respect to GDP per capita. With more time and space, this essay and its results could have been extended (e.g. looking at more years and/or sectors to get more observations). I could also have included more variables, e.g. agricultural exports as a share of GDP.}}, author = {{Hägerdal, Måns}}, language = {{eng}}, note = {{Student Paper}}, title = {{Growth and Agriculture in Sub-Saharan Africa}}, year = {{2013}}, }