- Title
- State antiquity and early agricultural transition as deep economic roots in Africa
- Creator
- Fani, Sisipho
- Subject
- Port Elizabeth (South Africa)
- Subject
- Eastern Cape (South Africa)
- Subject
- South Africa
- Date
- 2022-04
- Type
- Master's theses
- Type
- text
- Identifier
- http://hdl.handle.net/10948/55487
- Identifier
- vital:52374
- Description
- Growth economists identified that current failures and successes of economies can be traced far in their histories. The Unified Growth Model has been developed to analyse the process of development. Economic researchers have developed and identified ‘deep roots’ variables that elaborate modern growth, institutions and development. These variables include State Antiquity and Early agricultural transition. The study is an examination of the effects of State Antiquity and Early agricultural transition in the 54 African economies. The study examines these effects employing the following years: 1990, 1995, 2000, 2005, 2010, 2015, and 2020. The study employs econometric models namely, Ordinary Least Squares, Ridge and Lasso regularization models to examine the effects of these deep root variables. The study borrows baseline regressions from the works of Bockstette, Chanda and Putterman (2002), Putterman and Weil (2010) and Borcan, Olsson and Putterman (2018). This study, to the best of our knowledge, is the first to empirically examine the effects of State Antiquity and Early agricultural transition in Africa. The results of the study suggest that African economies that have low level of state antiquity experience a positive effect on modern economic growth and development whilst African economies with high levels of state antiquity experience negative effect on modern economic growth and development. The results also suggest that African economies that transition at a later stage toward agriculture experience a positive effect on modern economic growth and development. The implications of these findings indicate that state antiquity and early agricultural transition influence modern economic development only when states have reached a certain level. Countries that transitioned early towards agriculture experience a negative effect on modern economic growth and development depicting a reversal of fortune. The study recommends that the implementation of polices should corelate with the state experience of the specific economy.
- Description
- Thesis (M.Com.) -- Faculty of Business and Economic Sciences, School of Economics, Development & Tourism, 2022
- Format
- computer
- Format
- online resource
- Format
- application/pdf
- Format
- 1 online resource (184 pages)
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela University
- Rights
- All Rights Reserved
- Rights
- Open Access
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Fani, S.pdf | 2 MB | Adobe Acrobat PDF | View Details Download |