Home ARTICLES Revisiting Macroeconomic Dynamics in the Democratic Republic of Congo (I): Growth Accounting

Revisiting Macroeconomic Dynamics in the Democratic Republic of Congo (I): Growth Accounting

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In this paper, we reexamine the sources of economic growth and decline in the DRC economy using the standard growth accounting method. More specifically the paper estimates the total factor productivity growth and contributions of capital and labor inputs to economic growth. Firstly, in contrast to previous studies (Akitoby and Cinyabuguma 2005; Dömeland et al. 2012), we use a larger database from 1960 to 2017. Secondly, we estimate the Solow residual by applying an econometric strategy based on the White’s robust estimator and accounting for possible switches of regimes in time series. Finally, we also investigate how institutional factors can explain the Solow residual

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François Kabuya Kalala, Jean-Baptiste Ntagoma et Jean-
Paul K. Tsasa

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