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Sources of Growth in Sub-Saharan Africa

Author

Listed:
  • Brou E Aka
  • Bernardin Akitoby
  • Amor Tahari
  • Dhaneshwar Ghura

Abstract

Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The recent pickup in economic growth was accompanied by an increase in TFP growth, namely in the group of countries whose IMF-supported programs were judged to be on track. Average annual growth in the region, at 3½ percent during 1997-2002, is less than half of the estimated growth needed to halve the fraction of population living below $1 per day between 1990 and 2015, one of the Millennium Development Goals.

Suggested Citation

  • 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.
  • Handle: RePEc:imf:imfwpa:04/176
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    References listed on IDEAS

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    More about this item

    Keywords

    Sub-Saharan Africa; Growth Accounting; Growth Prospects; tfp; real gdp; gdp growth; economic growth; Economywide Country Studies: Africa;

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