Paper abstract

Initial conditions, social capital, and growth in Africa

Journal of African Economies, October 1998, 7(3), 309-347.

Observable variables capturing initial conditions can account for well over half the variation in developing country growth rates. This paper investigates their role in explaining Africa's recent economic history. Should the origins of slow growth be traced to Africa's social arrangements, high inequality, and ethnic diversity? Based on cross-country empirical work, this paper argues that the best answers are yes, no, and maybe.

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