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Sources of Growth in the Democratic Republic of the Congo :, A Cointegration Approach, Matthias Cinyabuguma, Bernardin Akitoby

The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. ECONOMIC PERFORMANCE FROM 1960 TO 2000""; ""A. Overall Output Performance""; ""B. Sectoral Output Performance""; ""III. THEORETICAL FRAMEWORK AND ECONOMETRIC METHODOLOGY""; ""A. Long-Run Production Function""; ""B. Econometric Methodology""; ""IV. SOURCES OF GROWTH""; ""A. Growth Accounting Exercise Factor sources of growth""; ""B. Policy Determinants of Growth""; ""V. POLICY REFORMS AND MEDIUM-TERM GROWTH PROSPECTS""; ""A. Macroeconomic and Structural Reforms""; ""B. Medium-Term Growth Prospects""; ""VI. CONCLUSIONS AND POLICY IMPLICATIONS""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (32 p.)
Specific Material Designation
Form Of Item

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