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Sustaining Growth Accelerations and Pro-Poor Growth in Africa

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Author Info

  • Sanjeev Gupta
  • Catherine A. Pattillo
  • Kevin Joseph Carey

Abstract

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.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 05/195.

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Length: 68
Date of creation: 01 Oct 2005
Date of revision:
Handle: RePEc:imf:imfwpa:05/195

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Related research

Keywords: Poverty reduction; Economic growth; Productivity; Trade; pro-poor growth; pro-poor; growth rates; real gdp; gdp growth; growth rate; gdp per capita; headcount poverty; pro- poor growth; changes in inequality; total factor productivity; changes in poverty; gdp growth rates; rate of poverty reduction; income poverty; gini coefficient; per capita income; rising inequality; inequality components; reducing poverty; inequality component; democratic institutions; black market; capital formation; black market premium; pro- poor; gross fixed capital formation; dependent variable; fixed capital formation; growth model; changes in distribution; distribution of income; growth pro-poor; social spending; reduction strategy; rates of poverty reduction; growth analysis; national poverty line; social services; gnp; poverty changes; efficiency of resource allocation; relative income distribution; business cycles; political business cycles; effect of growth on poverty; real per capita income; increasing inequality; per capita gnp; analysis of economic growth; poverty reduction strategy; density function; declining inequality;

This paper has been announced in the following NEP Reports:

References

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  1. Edwards, Sebastian, 1992. "Trade orientation, distortions and growth in developing countries," Journal of Development Economics, Elsevier, vol. 39(1), pages 31-57, July.
  2. Hausmann, Ricardo & Pritchett, Lant & Rodrik, Dani, 2004. "Growth Accelerations," Working Paper Series rwp04-030, Harvard University, John F. Kennedy School of Government.
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  9. Reinhart, Carmen & Tokatlidis, Ioannis, 2000. "Financial Liberalization: The African Experience," MPRA Paper 13423, University Library of Munich, Germany.
  10. César Calderón & Luis Servén, 2004. "The Effects of Infrastructure Development on Growth and Income Distribution," Working Papers Central Bank of Chile 270, Central Bank of Chile.
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  12. Timothy Besley & Robin Burgess, 2003. "Halving Global Poverty," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 3-22, Summer.
  13. Barry P. Bosworth & Susan M. Collins, 2003. "The Empirics of Growth: An Update," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(2), pages 113-206.
  14. Xavier Sala-i-Martin & Elsa V. Artadi, 2003. "The economic tragedy of the XXth century: Growth in Africa," Discussion Papers 0203-17, Columbia University, Department of Economics.
  15. Emanuele Baldacci & Qiang Cui & Benedict J. Clements & Sanjeev Gupta, 2004. "Social Spending, Human Capital, and Growth in Developing Countries," IMF Working Papers 04/217, International Monetary Fund.
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  17. Azam, Jean-Paul & Dia, Magueye, 2004. "Pro-Poor Growth in Senegal," IDEI Working Papers 325, Institut d'Économie Industrielle (IDEI), Toulouse.
  18. Anke E. Hoeffler, 2000. "The Augmented Solow Model and the African Growth Debate," CID Working Papers 36, Center for International Development at Harvard University.
  19. Anne Epaulard, 2003. "Macroeconomic Performance and Poverty Reduction," IMF Working Papers 03/72, International Monetary Fund.
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Citations

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Cited by:
  1. Bourguignon, Francois & Diaz-Bonilla, Carolina & Lofgren, Hans, 2008. "Aid, service delivery, and the millennium development goals in an economy-wide framework," Policy Research Working Paper Series 4683, The World Bank.
  2. Berg, Andrew & Ostry, Jonathan D. & Zettelmeyer, Jeromin, 2012. "What makes growth sustained?," Journal of Development Economics, Elsevier, vol. 98(2), pages 149-166.
  3. KAMGNIA, Dia B., 2009. "Growth Intensity Of Employment In Africa: A Panel Data Approach," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
  4. Chris Papageorgiou & Andrew Berg & Catherine A. Pattillo & Nicola Spatafora, 2010. "The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries," IMF Working Papers 10/205, International Monetary Fund.
  5. Jean-Claude Nachega & Thomson Fontaine, 2006. "Economic Growth and total Factor Productivity in Niger," IMF Working Papers 06/208, International Monetary Fund.
  6. Fofack, Hippolyte, 2009. "Africa and Arab Gulf states : divergent development paths and prospects for convergence," Policy Research Working Paper Series 5025, The World Bank.
  7. Sanjeev Gupta & Alejandro Simone & Alex Segura-Ubiergo, 2006. "New Evidenceon Fiscal Adjustment and Growth in Transition Economies," IMF Working Papers 06/244, International Monetary Fund.
  8. Charalambos G. Tsangarides, 2012. "Determinants of Growth Spells," IMF Working Papers 12/227, International Monetary Fund.
  9. Yogo, Urbain Thierry, 2008. "Croissance et Emploi en Afrique Subsaharienne:Evidence théorique et Faits Empiriques
    [Growth and Employment In Subsaharan Africa: Theoretical Evidence and Empirical Facts]
    ," MPRA Paper 10474, University Library of Munich, Germany, revised 17 Sep 2008.
  10. Naudé, Wim & Matthee, Marianne, 2012. "Do Export Costs Matter in Determining Whether, When, and How Much African Firms Export?," Working Papers 38, JICA Research Institute.
  11. Fofack, Hippolyte, 2008. "Technology trap and poverty trap in Sub-Saharan Africa," Policy Research Working Paper Series 4582, The World Bank.
  12. Nganou, Jean-Pascal & Kebede, Ephraim, 2012. "Sources of Growth in Post-Conflict Burundi: From Destruction to Production," MPRA Paper 43577, University Library of Munich, Germany.
  13. Bigsten, Arne, 2006. "Aid and Economic Development in Africa," Working Papers in Economics 237, University of Gothenburg, Department of Economics.
  14. Guillaumont, Patrick & Wagner, Laurent, 2012. "Aid and Growth Accelerations: Vulnerability Matters," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  15. World Bank, 2007. "Ghana - Meeting the Challenge of Accelerated and Shared Growth : Country Economic Memorandum, Volume 1. Synthesis," World Bank Other Operational Studies 7663, The World Bank.
  16. Alege, Philip & Ogundipe, Adeyemi, 2013. "The Role of Services Trade in Economic Development," MPRA Paper 51695, University Library of Munich, Germany.

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