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Growth and Agriculture in Sub-Saharan Africa

Hägerdal, Måns LU (2013) NEKH01 20131
Department 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:
author
Hägerdal, Måns LU
supervisor
organization
course
NEKH01 20131
year
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},
  keyword      = {Growth,Agriculture,Sub-Saharan Africa,RCA,Solow model},
  language     = {eng},
  note         = {Student Paper},
  title        = {Growth and Agriculture in Sub-Saharan Africa},
  year         = {2013},
}