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Trade-led Growth: A Path to Sustainable Development in Sub-Saharan Africa

In: Moving from the Millennium to the Sustainable Development Goals

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  • Shanaz Broermann

    (Collaborative Africa Budget Reform Initiative (CABRI))

Abstract

In this chapter, Broermann contributes towards our understanding of factors that influence the achievement of the target of sustained economic growth related to goal 8 of the sustainable development goals. Broermann explores the relevance of a demand-led, export driven growth model for long run economic growth and tests this in the sub-Saharan African region using an augmented balance of payments constrained growth model. The results, which cover the last six decades, provide strong evidence that sub-Saharan Africa was balance of payments constrained. Broermann discusses important policy implications, which should be considered if the sustainable development goals are to be achieved.

Suggested Citation

  • Shanaz Broermann, 2020. "Trade-led Growth: A Path to Sustainable Development in Sub-Saharan Africa," Springer Books, in: Sefa Awaworyi Churchill (ed.), Moving from the Millennium to the Sustainable Development Goals, chapter 7, pages 119-153, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-1556-9_7
    DOI: 10.1007/978-981-15-1556-9_7
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