Determinants of Economic Growth in Africa

Almas Heshmati is Professor of Economics at Jönköping University, Sweden, and Sogang University, Seoul. He has held similar positions at Korea University, Seoul National University, University of Kurdistan Hawler, RATIO Institute (Sweden) and MTT Agrifood Research (Finland) and the Stockholm University of Economics. He was Research Fellow at the World Institute for Development Economics Research (WIDER), The United Nations University during 2001-04. His research interests include applied microeconomics, globalization, development strategy, efficiency and productivity and growth with application to manufacturing and services. In addition to more than 200 articles in scientific journals he has published books on the EU Lisbon Process, Global Inequality, East Asian Manufacturing, the Chinese Economy, Technology Transfer, Information Technology, Water Resources, Landmines, Power Generation, Renewable Energy, Development Economics, World Values, Poverty, Economic Growth and International Airlines.

• 1. Introduction to Determinants of Economic Growth in Africa and summary of the contributions- Almas Heshmati.- Part I. Financing Growth.- 2. The FDI and Economic Growth Controversy in sub-Saharan Africa- Yemane Michael.- 3. Determinants of Foreign Direct Investment Inflows to Africa- Alemayehu Geda and Addis Yimer.- 4. Impact of Foreign Direct Investment on Economic Growth in Eastern Africa- Biratu Bekere and Mekonnen Bersisa.- 5. The Role of Remittance, Foreign Direct Investment and Foreign Aid on Economic Growth of Low and Middle Income African Countries- Gutu Gutema.- 6. The Role of Financial Development and Institutional Quality on Economic Growth in Africa in the Era of Globalization- Kahsay Berhane.- Part II. Sources of Productivity Growth.- 7. The Determinants of the Level and Growth of TFP in SSA- Yemane Michael.- 8. Human Capital and Economic Growth in Developing Countries: Evidences fromLow and Middle Income African Countries- Jonse Bane.- 9. Labour Productivity in Kenyan Manufacturing and Service Industries- Almas Heshmati and Masoomeh Rashidghalam.- Part III. Macroeconomic Determinants of Growth.- 10. Inferences on the Relationship between Economic Growth and the Real Exchange Rate: a Meta-Analysis- Fentahun Baylie.- 11. Balance of Trade – Economic Growth Nexus in Panel of East Africa Community Countries- Ferdinand Nkikabahizi, Theogene Rizinde and Mathias Karangwa.- 12. Modeling the Effect of Food Price Volatility and Transmission on Market Efficiency and Welfare in East African Community- Jean-Baptiste Habyarimana and Tharcisse Nkunzimana.