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GROWING AN ECONOMY: Trends in rainfall and growth in Sub-Saharan Africa
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2014 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Sub-Saharan Africa has been lagging behind for decades in terms of economic growth. Meanwhile, there have been significant trends in rainfall and temperature over the past decades, especially in Africa. Using the Solow growth model and recent data, this study investigates whether climatic trends may explain Africa’s lagging growth experience. The annual rate of convergence is estimated to 5.32%. While there is some indication that Africa is more sensitive to variations in rainfall, the results are not conclusive. This is mainly due to correlations between certain conditioning variables. Future studies should look deeper into factors that pamper or worsen the effect of rainfall anomalies on growth in Sub-Saharan Africa.

Place, publisher, year, edition, pages
Keyword [en]
conditional convergence, Solow growth model, Sub-Saharan Africa, developing countries, economics of development, rainfall, temperature, climate
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URN: urn:nbn:se:uu:diva-219581OAI: oai:DiVA.org:uu-219581DiVA: diva2:700742
Available from: 2014-03-04 Created: 2014-03-04 Last updated: 2014-03-04Bibliographically approved

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