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Sources of Growth in Sub-Saharan Africa

  • Emmanuel Brou Aka
  • Bernardin Akitoby
  • Amor Tahari
  • Dhaneshwar Ghura

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.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 04/176.

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Length: 31
Date of creation: 01 Sep 2004
Date of revision:
Handle: RePEc:imf:imfwpa:04/176
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  1. Paul Collier & V. L. Elliott & Håvard Hegre & Anke Hoeffler & Marta Reynal-Querol & Nicholas Sambanis, 2003. "Breaking the Conflict Trap : Civil War and Development Policy," World Bank Publications, The World Bank, number 13938, September.
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  7. By Gunnar Jonsson & Arvind Subramanian, 2001. "Dynamic Gains from Trade: Evidence from South Africa," IMF Staff Papers, Palgrave Macmillan, vol. 48(1), pages 8.
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  10. Augustin Kwasi Fosu, 2002. "Political Instability and Economic Growth: Implications of Coup Events in Sub-Saharan Africa," American Journal of Economics and Sociology, Wiley Blackwell, vol. 61(1), pages 329-348, 01.
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