Determinants Of Economic Growth In Africa

Author : Almas Heshmati
Publisher : Springer
Page : 392 pages
File Size : 49,6 Mb
Release : 2018-05-16
Category : Business & Economics
ISBN : 9783319764931

Get Book

Determinants of Economic Growth in Africa by Almas Heshmati Pdf

This volume is a collection of selected empirical studies on determinants of economic growth in Africa. Grouped into three parts, chapters examine the influence of financial sources and economic growth; sources of productivity growth; and prices, exchange rates and trade relationships with growth in regions in Africa or the continent as a whole. This edited book is authored by African experts in the field who employ diverse up-to-date data and methods to provide robust empirical results based on representative firms, household surveys and secondary country level data covering individuals or multiple countries on the continent. It contains a wealth of empirical evidence, deep analyses and sound recommendations for policymakers and researchers for designing and implementing effective social and national policies and strategies to prevent and to reduce poverty and its negative effects on poor households and in poor regions. The volume will be a useful resource for policymakers and researchers involved in promoting economic growth and fighting poverty. It will also appeal to a broader audience interested in economic development, resource economics, policies, economic welfare and inclusive growth.

Author : Kwaku Appiah-Adu,Mahamudu Bawumia
Publisher : Routledge
Page : 420 pages
File Size : 43,6 Mb
Release : 2016-03-09
Category : Business & Economics
ISBN : 9781317109303

Get Book

Key Determinants of National Development by Kwaku Appiah-Adu,Mahamudu Bawumia Pdf

For those wishing to acquire knowledge on national development issues, this comprehensive compendium traverses a spectrum of subjects that the audience ought to be well acquainted with. The Editors provide instructive findings regarding national development, economic growth and their determinants, but they also offer historical perspectives on the subject and the implications for developing countries. The book addresses a suite of critical themes regarded by development experts to be germane in considering the pertinence of policies and their effective execution. These seven general thematic areas are explored: ¢ Leadership, governance, policy and strategy ¢ Public sector and public financial management ¢ Culture, institutions and people ¢ Natural resources ¢ Science, technology and infrastructure ¢ Private sector and financial markets ¢ Marketing, branding and service delivery This thematic approach enables the contributors to explore the impact of the constituents of each subject area on national development, within the context of a developing economy. The significance of the findings for the relevant stakeholders is consequently reviewed. The combination of theory and practice makes the book and its contents unique.

Author : Matthew O. Odedokun,Jeffery Ian Round
Publisher : Unknown
Page : 36 pages
File Size : 45,9 Mb
Release : 2001
Category : Africa
ISBN : 929190029X

Get Book

Determinants of Income Inequality and Its Effects on Economic Growth by Matthew O. Odedokun,Jeffery Ian Round Pdf

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 32 pages
File Size : 48,5 Mb
Release : 1995-12-01
Category : Business & Economics
ISBN : 9781451855753

Get Book

Growth in Sub-Saharan Africa by Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael Pdf

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Author : Anupam Basu,Evangelos A. Calamitsis,Dhaneshwar Ghura
Publisher : International Monetary Fund
Page : 26 pages
File Size : 41,7 Mb
Release : 2000-10-02
Category : Business & Economics
ISBN : STANFORD:36105110003576

Get Book

Promoting Growth in Sub-Saharan Africa by Anupam Basu,Evangelos A. Calamitsis,Dhaneshwar Ghura Pdf

This pamphlet presents the results of an empirical analysis of the factors affecting economic growth in sub-Saharan Africa, using data for the period 1981697 and a sample of 32 countries. The empirical work involved the estimation of a growth equation to identify the key determinants of per capita real GDP growth, including economic variables that reflect the influence of economic policy changes as well as other explanatory factors. On the basis of this analysis and a review of the evidence of economic recovery during 1995697, using a much larger sample of countries, the pamphlet attempts to determine which policies appear to have been the most effective in terms of increasing economic growth and suggests the key elements of a policy framework that could promote sustainable economic growth and reduce poverty in sub-Saharan Africa.

Author : Augustin K. Fosu
Publisher : Routledge
Page : 376 pages
File Size : 51,6 Mb
Release : 2015-03-24
Category : Business & Economics
ISBN : 9781317596813

Get Book

Growth and Institutions in African Development by Augustin K. Fosu Pdf

Recent years have seen a sustained research effort exploring the African development experience. The extant literature has offered a large set of explanations as to why the African development record has lagged behind that of other regions of the developing world. This new volume brings international contributors together to focus on the role of growth and institutions. First, it provides brief evidence on the growth and institutional records, as well as on development outcomes, during the post-independence period. Second, it targets certain growth determinants, including industrial embeddedness, innovation, exchange rate regimes, and environmental quality. Third, it sheds light on the dynamics and distribution of growth, and on growth-enhancing sectors of the economy. Finally, it investigates several issues of institutional development, as well as institutions generating development outcomes. Though focused on these two key areas, the coverage strives to achieve a comprehensive analysis of how Africa’s development may have been enhanced or undermined and to offer lessons for the future. This volume is essential reading for all scholars of development economics and development studies.

Author : Mr.Kevin Joseph Carey,Mr.Sanjeev Gupta,Ms.Catherine A. Pattillo
Publisher : International Monetary Fund
Page : 100 pages
File Size : 42,9 Mb
Release : 2006-02-28
Category : Business & Economics
ISBN : 9781589064942

Get Book

Sustaining and Accelerating Pro-Poor Growth in Africa by Mr.Kevin Joseph Carey,Mr.Sanjeev Gupta,Ms.Catherine A. Pattillo Pdf

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 : Horman Chitonge
Publisher : Routledge
Page : 314 pages
File Size : 54,7 Mb
Release : 2015-01-09
Category : Business & Economics
ISBN : 9781317575306

Get Book

Economic Growth and Development in Africa by Horman Chitonge Pdf

In recent years, Africa has undergone the longest period of sustained economic growth in the continent’s history, drawing the attention of the international media and academics alike. This book analyses the Africa Rising narrative from multidisciplinary perspectives, offering a critical assessment of the explanations given for the poor economic growth and development performance in Africa prior to the millennium and the dramatic shift towards the new Africa. Bringing in perspectives from African intellectuals and scholars, many of whom have previously been overlooked in this debate, the book examines the construction of Africa’s economic growth and development portraits over the years. It looks at two institutions that play a vital role in African development, providing a detailed explanation of how the World Bank and the IMF have interpreted and dealt with the African challenges and experiences. The insightful analysis reveals that if Africa is rising, only 20-30 per cent of Africans are aboard the rising ship, and the main challenge facing the continent today is to bring on board the majority of Africans who have been excluded from growth. This book makes the complex, and sometimes confusing debates on Africa’s economic growth experience more accessible to a wide range of readers interested in the Africa story. It is essential reading for students and researchers in African Studies, and will be of great interest to scholars in Development Studies, Political Economy, and Development Economics.

Author : Voxi Heinrich Amavilah
Publisher : Rowman & Littlefield
Page : 147 pages
File Size : 47,9 Mb
Release : 2020-05-28
Category : Business & Economics
ISBN : 9781498597845

Get Book

The Political Economy of Economic Performance by Voxi Heinrich Amavilah Pdf

Extant research continues to perpetuate a myth of Sub-Saharan African countries (SSACs) as ever stuck in the past and with incurable growth maladies. However, during the years just before the great global recession some of these countries performed better than countries in other regions. What explains this turnaround? How can it be ignited everywhere in the region and made to stick? The Political Economy of Economic Performance is among a few competitors that celebrate the successes of the region and argue for the positive economics of performance of at least some countries. Organized around two themes which are pursued in six chapters, the book provides a comprehensive, balanced, and thorough analysis of the factors and forces behind the unusually good performance of SSACs just before the great global recession, and shows that there is a way forward for them. The book makes a significant contribution to both policy and research, because while its structure is scholarly and logical, with a writing style that is coherent and easily understandable to all interested readers worldwide.

Author : Mr.Manuk Ghazanchyan,Ms.Janet Gale Stotsky
Publisher : International Monetary Fund
Page : 38 pages
File Size : 54,6 Mb
Release : 2013-11-22
Category : Business & Economics
ISBN : 9781475516487

Get Book

Drivers of Growth by Mr.Manuk Ghazanchyan,Ms.Janet Gale Stotsky Pdf

This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange rate, and current account liberalization, using various econometric methodologies, including fixed and random effects models, with cluster-robust standard errors. We find that, depending on the specification, higher private and public investments boost growth. Some evidence is found that government consumption exerts a drag on growth and that more flexible exchange regimes are beneficial to growth. The real exchange rate and liberalization variables are not significant.

Author : Hugh Dang,Gaston Gohou,Hugues Kouadio
Publisher : Cambridge Scholars Publishing
Page : 489 pages
File Size : 55,5 Mb
Release : 2019-01-17
Category : Business & Economics
ISBN : 9781527525986

Get Book

Foreign Direct Investment and Economic Development in Africa by Hugh Dang,Gaston Gohou,Hugues Kouadio Pdf

This book explores several aspects of foreign direct investment (FDI) and their linkages to African economies. It will appeal to policy makers, development agency professionals and researchers, based as it is on stylized facts and rigorous analytical studies. The reader will find state-of-the-art analyses on FDI-related topics throughout the chapters. Policy makers and development professionals will find in this book a useful guide to draw sound policies based on facts and rigorous analyses.

Author : Dhaneshwar Ghura
Publisher : Unknown
Page : 32 pages
File Size : 40,6 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213698

Get Book

Growth in Sub-Saharan Africa by Dhaneshwar Ghura Pdf

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Author : Mr.Vivek B. Arora,Mr.Athanasios Vamvakidis
Publisher : INTERNATIONAL MONETARY FUND
Page : 0 pages
File Size : 43,6 Mb
Release : 2005-03-01
Category : Business & Economics
ISBN : 1451860773

Get Book

The Implications of South African Economic Growth for the Rest of Africa by Mr.Vivek B. Arora,Mr.Athanasios Vamvakidis Pdf

This paper measures the extent to which South African economic growth is an engine of growth in sub-Saharan Africa. Results based on panel data estimation for 47 African countries over four decades suggest that South African growth has a substantial positive impact on growth in the rest of Africa, even after controlling for other growth determinants. The estimates are robust to the effects of global and regional shocks, changes in model specification, and sample period.

Author : Kyung-woo Lee,Mr.Markus Haacker,Mr.Raju Jan Singh
Publisher : International Monetary Fund
Page : 28 pages
File Size : 40,6 Mb
Release : 2009-10-01
Category : Business & Economics
ISBN : 9781451873634

Get Book

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa by Kyung-woo Lee,Mr.Markus Haacker,Mr.Raju Jan Singh Pdf

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating data on the diaspora. It finds that remittances are larger for countries with a larger diaspora or when the diaspora is located in wealthier countries, and that they behave countercyclically, consistent with a role as a shock absorber. Although the effect of remittances in growth regressions is negative, countries with well functioning domestic institutions seem nevertheless to be better at unlocking the potential for remittances to contribute to faster economic growth.

Author : B. J. Ndulu
Publisher : World Bank Publications
Page : 280 pages
File Size : 42,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780821368831

Get Book

Challenges of African Growth by B. J. Ndulu Pdf

Poverty in Africa is largely the outcome of slow growth. With the region hosting 10 percent of the world's population but a staggering 30 percent of the world's poor, the challenges it faces are enormous but NOT insurmountable. The message of this book is clear - poverty-eradicating development in Africa is possible. In fact, there are indications that Africa is at a turning point, and there is growing momentum among front-runner economies in the region toward higher and sustained growth. This study challenges African countries and their development partners to consolidate and continue this momentum and to exploit the advantages of the continent as a latecomer, particularly in innovation and in drawing lessons from successful export-led growth experiences in Asia and Latin America. "Challenges of African Growth" identifies opportunities, constraints, and strategic choices that African countries face in their quest for achieving the growth necessary for poverty alleviation. More important, the study provides a broad menu of stategic options for ensuring not only that countries embark on a growth path, but also that the growth is shared and sustainable. The critical areas for action rest on four pillars: the investment climate; infrastructure; innovation for increasing productivity and competitiveness; and institutional capacity.