Political Economy of growth and poverty in Burkina Faso: Power, Institutions and Rents
This paper is an attempt to assess the relevance of the use of the North, Wallis and Weingast (2009) framework to explain the performances of Burkina Faso in terms of economic growth and development. The political history of Burkina Faso has been very unstable until president Campaoré took power in 1987. Since then, the stability has been based on low intensity violence, with bursts of open violence like those of the mutinies of 2011. This “stability” is based on the balance of power between two main “elite” groups, the army and the traditional chiefs. Trade unions, the Catholic Church and Donors also play a role, especially in case of trouble. The political class in power and its cronies are extracting rents by creating de facto monopolies, which enables them to tame violence, to a certain extent. The paradox is that the Burkinabe economy is growing steadily (GDP per capital grew at an average 1.5 per cent rate since independence), rather smoothly in the medium run – one of the best records in West-Africa. Because of high inequality, this impressive growth is far from inclusive.
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|Date of creation:||14 Mar 2017|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01489499|
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- Daron Acemoglu & Simon Johnson & James A. Robinson, 2001.
"The Colonial Origins of Comparative Development: An Empirical Investigation,"
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- Dani Rodrik, 2006. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 973-987, December.
- Brou E Aka & Bernardin Akitoby & Amor Tahari & Dhaneshwar Ghura, 2004. "Sources of Growth in Sub-Saharan Africa," IMF Working Papers 04/176, International Monetary Fund.
- Yves Bourdet & Inga Persson, 2001. "Reform policy, growth and poverty in Burkina Faso," Africa Spectrum, Institute of African Affairs, GIGA German Institute of Global and Area Studies, Hamburg, vol. 36(2), pages 169-202. Full references (including those not matched with items on IDEAS)
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