IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/48462.html
   My bibliography  Save this paper

Case Study of Liberian Economic Growth: Pertinent Lessons for Developing Countries

Author

Listed:
  • Gul, Ejaz

Abstract

Liberia has been the victim of 14 years of civil war due to which GDP experienced a downfall by over 90% making the economic growth process halted. This paper traces the extent of Liberia’s collapse, and examines the patterns of post-conflict recovery as a model which can be followed by other conflict confronting developing countries. Paper explores the challenges faced by Liberia in strengthening rapid, inclusive, and sustained economic growth and how these challenges were converted into opportunities through institutional process. It examines the policy framework and institutional reforms which set the pace for sustainable economic growth in Liberia. Because of these steps, the economic growth, which was very low before 1999, showed positive improvement. In 2003 there was 32% increase in economic growth, but that growth has now been pushed up by at least 4.8% further. Overall this paper presents an excellent study to understand the challenges of economic growth and mechanism for its revival in poor and developing countries.

Suggested Citation

  • Gul, Ejaz, 2009. "Case Study of Liberian Economic Growth: Pertinent Lessons for Developing Countries," MPRA Paper 48462, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:48462
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/48462/1/MPRA_paper_48462.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Tetsushi Sonobe & Keijiro Otsuka, 2014. "Cluster-Based Industrial Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-38511-6.
    2. Joel M. Guttman, 2003. "Repeated interaction and the evolution of preferences for reciprocity," Economic Journal, Royal Economic Society, vol. 113(489), pages 631-656, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gul, Ejaz, 2013. "Economic Evaluation of Road Traffic Safety Measures," MPRA Paper 48350, University Library of Munich, Germany.
    2. Ejaz Gul & Imran Sharif Chaudhry, 2015. "Spatial Distribution of Socio-economic Inequality: Evidence from Inequality Maps of a Village in Tribal Region of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 793-808.
    3. Ejaz Gul, 2017. "Female Education and Per Capita Income of Households: Evidence from Three Dimensional Surface Maps of a Small Village," International Journal of Economics and Financial Issues, Econjournals, vol. 7(6), pages 27-32.
    4. Ejaz Gul & Imran Sharif Chaudhry, 2014. "Qualitative Assessment of Energy Initiative: Case Study from Liberia," International Journal of Energy Economics and Policy, Econjournals, vol. 4(3), pages 360-372.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Girum Abebe & Tetsushi Sonobe, 2012. "Management Practices, Self-Selection into Management Training Participation, and Training Effects in the Garment Industry in Ethiopia," GRIPS Discussion Papers 11-23, National Graduate Institute for Policy Studies.
    2. repec:unu:wpaper:wp2012-21 is not listed on IDEAS
    3. Müller, Stephan, 2014. "The evolution of inequality aversion in a simplified game of life," University of Göttingen Working Papers in Economics 219, University of Goettingen, Department of Economics.
    4. Keijiro Otsuka, 2020. "Strategy for Cluster-Based Industrial Development in Developing Countries," Discussion Papers 2019, Graduate School of Economics, Kobe University.
    5. Dai, Ruochen & Mookherjee, Dilip & Quan, Yingyue & Zhang, Xiaobo, 2021. "Industrial clusters, networks and resilience to the Covid-19 shock in China," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 433-455.
    6. Arimoto, Yutaka & 有本, 寛 & Kurata, Masamitsu, 2017. "Adoption of Management Practices in the Public Sector of Bangladesh," Discussion Paper Series 654, Institute of Economic Research, Hitotsubashi University.
    7. Carol Newman & John Page, 2017. "Industrial clusters: The case for Special Economic Zones in Africa," WIDER Working Paper Series 015, World Institute for Development Economic Research (UNU-WIDER).
    8. Sana Ullah & Muhammad Tariq Majeed & Babur Wasim Arif, 2021. "Social capital and firms’ choice of financing under credit constraints: microeconomic evidence from Pakistan," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(1), pages 3-13, March.
    9. Higuchi, Yuki & Nam, Vu Hoang & Sonobe, Tetsushi, 2015. "Sustained impacts of Kaizen training," Journal of Economic Behavior & Organization, Elsevier, vol. 120(C), pages 189-206.
    10. Reeg, Caroline, 2015. "Micro and small enterprises as drivers for job creation and decent work," IDOS Discussion Papers 10/2015, German Institute of Development and Sustainability (IDOS).
    11. Sam Jones & John Page & Abebe Shimeles & Finn Tarp & John Page & Abebe Shimeles, 2015. "Aid, Employment and Poverty Reduction in Africa," African Development Review, African Development Bank, vol. 27(S1), pages 17-30, October.
    12. Khondoker, Abdul Mottaleb & Sonobe, Tetsushi, 2010. "Human Capital and Industrial Development: Evidence from the Machinery Industry in Bangladesh," MPRA Paper 44007, University Library of Munich, Germany.
    13. Mano, Yukichi & Yamano, Takashi & Suzuki, Aya & Matsumoto, Tomoya, 2011. "Local and Personal Networks in Employment and the Development of Labor Markets: Evidence from the Cut Flower Industry in Ethiopia," World Development, Elsevier, vol. 39(10), pages 1760-1770.
    14. Marcel Fafchamps & Måns Söderbom, 2014. "Network Proximity and Business Practices in African Manufacturing," The World Bank Economic Review, World Bank, vol. 28(1), pages 99-129.
    15. Tomoko Hashino & Keijiro Otsuka, 2011. "From Smithian Growth to Schumpeterian Development: An Inquiry into the Development of the Kiryu Weaving District in the Early 20th Century Japan," Discussion Papers 1121, Graduate School of Economics, Kobe University.
    16. Khondoker Abdul Mottaleb & Kaliappa P. Kalirajan, 2014. "Determinants Of Labor-Intensive Exports By The Developing Countries: A Cross Country Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 59(05), pages 1-22.
    17. Otsuka, Keijiro & Higuchi, Yuki & Sonobe, Tetsushi, 2017. "Middle-income traps in East Asia: An inquiry into causes for slowdown in income growth," China Economic Review, Elsevier, vol. 46(S), pages 3-16.
    18. Mano, Yukichi & Iddrisu, Alhassan & Yoshino, Yutaka & Sonobe, Tetsushi, 2012. "How Can Micro and Small Enterprises in Sub-Saharan Africa Become More Productive? The Impacts of Experimental Basic Managerial Training," World Development, Elsevier, vol. 40(3), pages 458-468.
    19. Yoshimichi Murakami & Keijiro Otsuka, 2017. "A Review of the Literature on Productivity Impacts of Global Value Chains and Foreign Direct Investment: Towards an Integrated Approach," Discussion Paper Series DP2017-19, Research Institute for Economics & Business Administration, Kobe University, revised Aug 2019.
    20. Heller, Yuval & Sturrock, David, 2017. "Promises and Endogenous Reneging Costs," MPRA Paper 78803, University Library of Munich, Germany.
    21. Abdelmajid EL WAATMANI, 2018. "Industrial clusters and promotion of CSR: the case of developing countries," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 9(2), pages 69-80, December.

    More about this item

    Keywords

    Economic; Growth; Policy; Development; Infrastructure; Production; Natural; Resources.;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:48462. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.