TY  - JOUR
A1  - Easterly, William
A1  - Levine, Ross
T1  - Africas growth tragedy : policies and ethnic divisions
T2  - The quarterly journal of economics
N2  - Explaining cross-country differences in growth rates requires not only an understanding of the link between growth and public policies, but also an understanding of why countries choose different public policies. This paper shows that ethnic diversity helps explain cross-country differences in public policies and other economic indicators. In the case of Sub-Ssharan Africa, economic growth is associated with low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, and insufficient infrastructure. Africa's high ethnic fragmentation explains a significant part of most of these characteristics.
Y1  - 2010
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/20390
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-85819
SN  - 0033-5533
VL  - 112
SP  - 1203
EP  - 1250
ER  -