IDEAS home Printed from https://ideas.repec.org/p/fpr/ifprid/750.html
   My bibliography  Save this paper

Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status

Author

Listed:
  • Breisinger, Clemens
  • Diao, Xinshen
  • Thurlow, James
  • Yu, Bingxin
  • Kolavalli, Shashidhara

Abstract

"Ghana is an emerging success story in Africa and in a couple of years will become the first African country to achieve the first Millennium Development Goal of halving its national poverty rate. The government of Ghana has therefore extended its development vision and recently declared the goal of reaching middle-income-country (MIC) status by 2015. To analyze possible pathways and implications of achieving MIC status, this paper examines other countries' experiences on their way to becoming MICs and emphasizes the important role of growth acceleration, export diversification, and economic structural change in the transformation process. The paper further analyzes Ghana's growth options and their structural implications using a dynamic computable general equilibrium model recently developed for Ghana. The results of the model simulation suggest that Ghana's annual GDP growth rate must accelerate from the recent 5.5 percent to 7.6 percent to achieve MIC status by 2015. Unlike in other countries, agriculture in Ghana is likely to remain the mainstay of growth and export earnings, while the role of manufacturing growth in achieving MIC status may be constrained by the manufacturing sector's dependency on agricultural inputs and small size. Services may not become the prime mover of accelerated growth, but improved efficiency in trade, transport, and business services will be a key for growth acceleration in other sectors." from Author's Abstract

Suggested Citation

  • Breisinger, Clemens & Diao, Xinshen & Thurlow, James & Yu, Bingxin & Kolavalli, Shashidhara, 2008. "Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status," IFPRI discussion papers 750, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:ifprid:750
    as

    Download full text from publisher

    File URL: http://www.ifpri.org/sites/default/files/publications/ifpridp00750.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Diakité, Lamissa & Sidibé, Amadou & Smale, Melinda & Grum, Mikkel, 2008. "Seed value chains for Sorghum and Millet in Mali: A state-based system in transition," IFPRI discussion papers 749, International Food Policy Research Institute (IFPRI).
    2. Kenneth J. Arrow, 1997. "Invaluable Goods," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 757-765, June.
    3. Dembele, Niama Nango & Staatz, John M., 1999. "The Impact Of Market Reform On Agricultural Transformation In Mali," Staff Papers 11717, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Matlon, Peter J., 1990. "Improving Productivity in Sorghum and Pearl Millet in Semi-Arid Africa," Food Research Institute Studies, Stanford University, Food Research Institute, issue 01.
    5. Nagarajan, Latha & Smale, Melinda, 2005. "Local seed systems and village-level determinants of millet crop diversity in marginal environments of India:," EPTD discussion papers 135, International Food Policy Research Institute (IFPRI).
    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. Renkow, Mitch, 2010. "Impacts of IFPRI's "priorities for pro-poor public investment" global research program:," Impact assessments 31, International Food Policy Research Institute (IFPRI).
    2. Diao, Xinshen, 2009. "Economywide impact of avian flu in Ghana: A dynamic CGE model analysis," IFPRI discussion papers 866, International Food Policy Research Institute (IFPRI).
    3. Kolavalli, Shashidhara & Flaherty, Kathleen & Al-Hassan, Ramatu & Baah, Kwaku Owusu, 2010. "Do Comprehensive Africa Agriculture Development Program (CAADP) Processes Make a Difference to Country Commitments to Develop Agriculture?," IFPRI discussion papers 1006, International Food Policy Research Institute (IFPRI).
    4. Badiane, Ousmane & Odjo, Sunday & Ulimwengu, John, 2011. "Emerging policies and partnerships under CAADP: Implications for long-term growth, food security, and poverty reduction," IFPRI discussion papers 1145, International Food Policy Research Institute (IFPRI).

    More about this item

    Keywords

    Growth and development; Middle income country; Applied general equilibrium modeling;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:fpr:ifprid:750. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/ifprius.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.