Does Africa grow slower than Asia and Latin America ?

  title={Does Africa grow slower than Asia and Latin America ?},
  author={Richard Paap and Philip Hans Franses and Dick van Dijk},
In this paper we address the question whether countries on the African continent have lower average growth rates in real GDP per capita than countries in Asia and Latin America. In contrast to previous studies, we do not aggregate the data, nor do we a priori assign countries to clusters. Instead, we put forward a so-called latent class panel time series model, which allows a data-based classification of countries to clusters with growth levels that differ across the clusters. Our empirical… CONTINUE READING
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