- Author
- Ebenezer Amoako (University of Gdańsk, Poland)
- Title
- Regional Competitiveness of Selected Sub-Saharan African Economies - an Application of Stochastic Production Frontier Analysis
- Source
- International Business and Global Economy, 2020/2021, nr 39, s. 51-63, bibliogr. 18 poz.
Biznes Międzynarodowy w Gospodarce Globalnej - Issue title
- Competitiveness and Economic Development - Macroeconomic Aspects and Challenges
- Keyword
- Efektywność techniczna, Stochastyczny model graniczny, Funkcja Cobba-Douglasa, Konkurencyjność regionów
Technical efficiency, Stochastic frontier model, Cobb-Douglas function, Regions competitiveness - Note
- JEL Classification: E23, H21, O55, P52
summ. - Country
- Afryka Sub-Saharyjska
Sub-Saharan Africa - Abstract
- This article evaluates the competitiveness of 44 selected Sub-Saharan African economies by modelling the efficient utilization of the factors of production. It deviates from the traditional approach and methods for a competitiveness study and opts to utilize the econometric methodology of stochastic production frontier, using Cobb-Douglas production function to estimate time-invariant and time-varying decay effects efficiency and panel data for 1980-2019. The results show that the selected SSA countries operated on an average score of 40% and 26% efficiency levels, when analyzing the data under time-invariant and time-varying decay models respectively. Highly competitive countries ranked higher with respect to efficiency, incl. Equatorial Guinea, Mauritius, South Africa, Eswatini, and Gabon. At the bottom of the scale were Congo, Liberia, Burundi, Central Africa, and Niger.(original abstract)
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- Bibliography
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- Cited by
- ISSN
- 2300-6102
- Language
- pol
- URI / DOI
- https://doi.org/10.26881/ibage.2021.39.04