Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Ndiaye, Mohamed Ben Omar; Korsu, Robert Dauda

doi:10.1007/978-3-319-16826-5_2

Advances in African Economic, Social and Political Development

2016

DOI: 10.1007/978-3-319-16826-5_2

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Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Mohamed Ben Omar Ndiaye

Robert Dauda Korsu

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Cited by 2 publications

References 9 publications

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Estimating factor shares from nonstationary panel data

Aquino¹,

Ramírez-Rondán

2019

Empir Econ

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The measurement of the sources of economic growth is essential for understanding the long-term perspective of any economy. From an empirical viewpoint, the results from any growth-accounting exercise depend both on the functional form that summarizes the technology set and the factor share values. We estimate the physical capital's share in output implied by a Cobb-Douglas production function.Instead of growth rates, we analyze time series in levels to preserve the long-run information contained in the data. We also make use of the cross-section dimension (between countries) to overcome the low availability of long time series. The Fully Modified OLS (FMOLS) and Dynamic OLS (DOLS) estimators are used in a panel cointegration framework for 109 countries over the 1951-2014 period. For several measures of labor input, our physical capital's share estimates range between 0.46 and 0.56 for the largest set of countries. Our estimates of the physical capital's share in output vary significantly across regions.

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Estimating factor shares from nonstationary panel data

Aquino¹,

Ramírez-Rondán

2019

Empir Econ

View full text Add to dashboard Cite

show abstract

Causal nexus in industrialization, urbanization, trade openness, and carbon emissions: empirical evidence from OPEC economies

Azam

Rehman

Ibrahim³

2022

Environ Dev Sustain

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Growth Accounting in ECOWAS Countries: A Panel Unit Root and Cointegration Approach

Cited by 2 publications

References 9 publications

Estimating factor shares from nonstationary panel data

Estimating factor shares from nonstationary panel data

Causal nexus in industrialization, urbanization, trade openness, and carbon emissions: empirical evidence from OPEC economies

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