European Parliament Library

Sources of Growth in Sub-Saharan Africa, Brou Aka, Bernardin Akitoby, Amor Tahari, Dhaneshwar Ghura

Creator
Abstract
Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The recent pickup in economic growth was accompanied by an increase in TFP growth, namely in the group of countries whose IMF-supported programs were judged to be on track. Average annual growth in the region, at 3½ percent during 1997-2002, is less than half of the estimated growth needed to halve the fraction of population living below $1 per day between 1990 and 2015, one of the Millennium Development Goals
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. GROWTH PERFORMANCE IN SUB-SAHARAN AFRICA: SOME STYLIZED FACTS""; ""III. GROWTH ACCOUNTING""; ""IV. GROWTH PROSPECTS AND CHALLENGES""; ""V. SOME CONCLUDING REMARKS""; ""References""; ""Appendix I: Selected Literature""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (31 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462337750

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