Global Competitiveness and Economic Growth: Empirical Verification for African Countries

Abstract

The target of this work consists of analyzing economic growth in African countries. We have three main results that were generated from this work. First, the pillars of global competitiveness are strongly inspired by the theories of endogenous growth. Secondly, concerning economic growth, African countries realized some impressive performances during the last decade and show very important potential. Finally, by means of panel data evaluation for a sample of 23 African countries during the period (2004-2009), we confirmed the positive and statistically significant effect of economic growth, driven by the level of the global competitiveness.