Africas growth tragedy : policies and ethnic divisions

  • 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.

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Author:William Easterly, Ross Levine
Parent Title (English):The quarterly journal of economics
Document Type:Article
Date of Publication (online):2010/12/01
Year of first Publication:1997
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2010/12/01
Page Number:48
First Page:1203
Last Page:1250
Institutes:keine Angabe Fachbereich / Extern
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Afrika südlich der Sahara
Licence (German):License LogoArchivex. zur Lesesaalplatznutzung § 52b UrhG