Sustaining Growth Accelerations And Pro Poor Growth In Africa
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Author | : Mr.Kevin Joseph Carey |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 0 |
Release | : 2005-10-01 |
Genre | : Business & Economics |
ISBN | : 9781451862140 |
Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.
Author | : Punam Chuhan-Pole |
Publisher | : World Bank Publications |
Total Pages | : 497 |
Release | : 2011-06-24 |
Genre | : Business & Economics |
ISBN | : 0821387456 |
Takes an in-depth look at twenty-six economic and social development successes in Sub-Saharan African countries, and addresses how these countries have overcome major developmental challenges.
Author | : World Bank |
Publisher | : |
Total Pages | : 324 |
Release | : 1989 |
Genre | : Business & Economics |
ISBN | : |
Author | : Commission on Growth and Development |
Publisher | : World Bank Publications |
Total Pages | : 198 |
Release | : 2008-07-23 |
Genre | : Business & Economics |
ISBN | : 0821374923 |
The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Author | : |
Publisher | : UN |
Total Pages | : 218 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : |
The 2017 Economic Report on Africa focuses on the linkages between industrialization and urbanization. Urbanization is one of Africa mega trends with profound implications for the social, economic, environmental dimensions of growth and transformation. Theory and experience demonstrate that industrialization and urbanization can be mutually reinforcing processes. It is therefore imperative to explore the linkages between urbanization and industrialization given the profound implications for structural transformation in Africa. So far, current policy narratives and frameworks on structural transformation and industrialization in Africa have largely failed to factor in the spatial and urban dimensions of industrialization, and in particular the advantages presented by productivity enhancement and agglomeration effects generated by cities. Yet, the nexus between urbanization and industrialization is of particular relevance for Agenda 2063 and the 2030 Agenda on Sustainable Development. Both agendas recognize urbanization as a critical factor for sustainable development. It is also important to consider urbanization and industrialization in light of Africa's engagement with the Third United Nations Conference on Housing and Sustainable Urban Development (Habitat III) to be held in Quito, Ecuador in October 2016. In this context, African policy makers have clearly recognized urbanization as an engine of structural transformation for inclusive and sustainable growth.
Author | : Mr.Kevin Joseph Carey |
Publisher | : International Monetary Fund |
Total Pages | : 100 |
Release | : 2006-02-28 |
Genre | : Business & Economics |
ISBN | : 1589064941 |
Growth in sub-Saharan Africa has recently shown signs of improvement, but is still short of levels needed to attain the Millennium Development Goals. Economists have placed increasing emphasis on understanding the policies that promote sustained jumps in medium-term growth, and the paper applies this approach to African countries. The evidence presented finds an important growth-supporting role for particular kinds of institutions and policies, but also highlights aspects of growth that are still not well understood. The paper includes policy guidance for ensuring that the poor benefit from growth.
Author | : Timothy Besley |
Publisher | : World Bank Publications |
Total Pages | : 271 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 0821365169 |
Economic growth is the most important determinant of poverty reduction. But countries with similar rates of growth can experience different poverty reduction rates.
Author | : Paul Collier |
Publisher | : World Bank Publications |
Total Pages | : 32 |
Release | : 2002 |
Genre | : Civil war |
ISBN | : |
Countries emerging from civil war attract both aid and policy advice. This paper provides the first systematic empirical analysis of aid and policy reform in the post-conflict growth process. It is based on a comprehensive data set of large civil wars and covers 27 countries that were in their first decade of post-conflict economic recovery during the 1990s. The authors first investigate whether the absorptive capacity for aid is systematically different in post-conflict countries. They find that during the first three post-conflict years, absorptive capacity is no greater than normal, but that in the rest of the first decade it is approximately double its normal level. So ideally, aid should phase in during the decade. Historically, aid has not, on average, been higher in post-conflict societies, and it has tended to taper out over the course of the decade. The authors then investigate whether the contribution of policy to growth is systematically different in post-conflict countries, and in particular, whether particular components of policy are differentially important. For this they use the World Bank policy rating database. The authors find that growth is more sensitive to policy in post-conflict societies. Comparing the efficacy of different policies, they find that social policies are differentially important relative to macroeconomic policies. However, historically, this does not appear to have been how policy reform has been prioritized in post-conflict societies.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 257 |
Release | : 2015-04-20 |
Genre | : Business & Economics |
ISBN | : 1498344658 |
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Author | : UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT. |
Publisher | : |
Total Pages | : 220 |
Release | : 2022-01-07 |
Genre | : |
ISBN | : 9789211130041 |
The African Continental Free Trade Area is expected to be a game changer for development ambitions in Africa.