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Table of Contents
Intro; Contents; Contributors; Abbreviations; List of Figures; List of Tables; 1 Introduction to Determinants of Economic Growth in Africa and Summary of the Contributions; 1 Background and Motivation; 2 Summary of Individual Studies on Economic Growth in Africa; 2.1 Part I: Financing Growth; 2.2 Part II: Sources of Productivity Growth; 2.3 Part III: Macroeconomic Determinants of Growth; 3 Result Divergence and Growth Controversy; 4 Final Words and Recommendations; References; Part I Financing Growth; 2 The FDI and Economic Growth Controversy in Sub-Saharan Africa; 1 Introduction.
2 Literature Review3 Methodology; 4 Data Sources and a Description of Variables; 5 Model Estimation and Discussion of Findings; 5.1 Descriptive Statistics; 5.2 Estimation Results of the Econometric Model; 5.3 Robustness Check of the Base Specification; 6 Conclusion and Policy Implications; 6.1 Conclusion; 6.2 Policy Implications; References; 3 Determinants of Foreign Direct Investment Inflows to Africa; 1 Introduction; 2 Determinants of FDI Flows: The Theory; 3 Determinants of FDI Flows to Africa: Recent Evidence; 4 A New Analytical Country Classification.
5 The Empirical Methodology and Findings of the Study5.1 The Econometric Approach and Definition of Variables; 5.2 Findings of the Study; 6 Conclusion; Appendix; References; 4 Impact of Foreign Direct Investment on Economic Growth in Eastern Africa; 1 Introduction; 2 Literature Review; 2.1 Evolution of FDI and Role of Institutional Quality in Attracting It; 3 Data and Methodology; 3.1 Types and Source of Data; 3.2 Population and Sample; 3.3 Model Specification; 3.4 Estimation Technique; 3.5 Diagnostic Tests; 3.6 Definition of the Variables; 4 Results and Discussion.
4.1 Descriptive Statistics of Variables4.2 Results of Diagnostic Tests; 4.3 Estimation Results of the Difference GMM; 5 Summary and Conclusion; References; 5 The Role of Remittances, FDI and Foreign Aid in Economic Growth in Low and Middle Income African Countries; 1 Introduction; 2 The Theoretical Framework; 3 Data and Estimation Methodology; 4 Empirical Findings; 4.1 Description of the Data; 4.2 FDI, ODA, Migrant Remittances and Economic Growth; 4.3 FDI and Economic Growth; 4.4 Official Development Assistance and Economic Growth; 4.5 Migrant Remittances and Economic Growth.
5 Summary, Conclusion and Policy ImplicationsAppendix; References; 6 The Role of Financial Development and Institutional Quality in Economic Growth in Africa in the Era of Globalization; 1 Introduction; 2 Literature Review; 2.1 Theoretical Review; 2.2 Empirical Literature; 3 Data Description and Methodology; 3.1 Data Source and Descriptive Statistics; 3.1.1 Dependent Variable; 3.1.2 Independent Variables; 3.2 Theory and Model Specifications; 3.3 Econometric Methodology; 3.3.1 Cross-Sectional Dependency Test; 3.3.2 Panel Unit Root Test; 3.3.3 Panel Co-integration Test.
2 Literature Review3 Methodology; 4 Data Sources and a Description of Variables; 5 Model Estimation and Discussion of Findings; 5.1 Descriptive Statistics; 5.2 Estimation Results of the Econometric Model; 5.3 Robustness Check of the Base Specification; 6 Conclusion and Policy Implications; 6.1 Conclusion; 6.2 Policy Implications; References; 3 Determinants of Foreign Direct Investment Inflows to Africa; 1 Introduction; 2 Determinants of FDI Flows: The Theory; 3 Determinants of FDI Flows to Africa: Recent Evidence; 4 A New Analytical Country Classification.
5 The Empirical Methodology and Findings of the Study5.1 The Econometric Approach and Definition of Variables; 5.2 Findings of the Study; 6 Conclusion; Appendix; References; 4 Impact of Foreign Direct Investment on Economic Growth in Eastern Africa; 1 Introduction; 2 Literature Review; 2.1 Evolution of FDI and Role of Institutional Quality in Attracting It; 3 Data and Methodology; 3.1 Types and Source of Data; 3.2 Population and Sample; 3.3 Model Specification; 3.4 Estimation Technique; 3.5 Diagnostic Tests; 3.6 Definition of the Variables; 4 Results and Discussion.
4.1 Descriptive Statistics of Variables4.2 Results of Diagnostic Tests; 4.3 Estimation Results of the Difference GMM; 5 Summary and Conclusion; References; 5 The Role of Remittances, FDI and Foreign Aid in Economic Growth in Low and Middle Income African Countries; 1 Introduction; 2 The Theoretical Framework; 3 Data and Estimation Methodology; 4 Empirical Findings; 4.1 Description of the Data; 4.2 FDI, ODA, Migrant Remittances and Economic Growth; 4.3 FDI and Economic Growth; 4.4 Official Development Assistance and Economic Growth; 4.5 Migrant Remittances and Economic Growth.
5 Summary, Conclusion and Policy ImplicationsAppendix; References; 6 The Role of Financial Development and Institutional Quality in Economic Growth in Africa in the Era of Globalization; 1 Introduction; 2 Literature Review; 2.1 Theoretical Review; 2.2 Empirical Literature; 3 Data Description and Methodology; 3.1 Data Source and Descriptive Statistics; 3.1.1 Dependent Variable; 3.1.2 Independent Variables; 3.2 Theory and Model Specifications; 3.3 Econometric Methodology; 3.3.1 Cross-Sectional Dependency Test; 3.3.2 Panel Unit Root Test; 3.3.3 Panel Co-integration Test.