IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/53356.html
   My bibliography  Save this paper

Tiger, tiger, burning bright? industrial policy lessons from Ireland and East Asia for small African economies

Author

Listed:
  • Bailey, David
  • Lenihan, Helena
  • Singh, Ajit

Abstract

The African economies, particularly those in Sub-Saharan Africa (SSA) stand today at an important crossroads. During the 1980s, for the average African country, GDP per capita fell at a rate of 0.5 percent per annum; in the 1990s it rose slightly at a rate of 0.3 percent per annum. However, in the last four years, the average growth rate of this variable has been a respectable 3 percent per annum. In 2007, GDP growth rate in Africa was estimated to be 6 percent per annum, one of the highest rates recorded during any year over the last quarter century. Apart from indicating the recent recovery in African economic growth, the table also highlights the poor long term performance of the African economies relative to other developing countries. Over the entire 26 year period, 1981-2007, for which the data are presented, per capita GDP in African countries rose only by 16 per cent. compared with more than a 100 per cent. rise for all developing countries. For the East and South Asian economies, the growth in GDP per capita has been spectacular, a rise of well over 300 per cent.

Suggested Citation

  • Bailey, David & Lenihan, Helena & Singh, Ajit, 2008. "Tiger, tiger, burning bright? industrial policy lessons from Ireland and East Asia for small African economies," MPRA Paper 53356, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:53356
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/53356/2/MPRA_paper_53356.pdf
    File Function: original version
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ajit Singh, 1998. "Savings, investment and the corporation in the East Asian miracle," Journal of Development Studies, Taylor & Francis Journals, vol. 34(6), pages 112-137.
    2. Kearns, Allan & Ruane, Frances, 2001. "The tangible contribution of R&D-spending foreign-owned plants to a host region: a plant level study of the Irish manufacturing sector (1980-1996)," Research Policy, Elsevier, vol. 30(2), pages 227-244, February.
    3. Zoltán J. Ács & Colm O'Gorman & László Szerb & Siri Terjesen, 2015. "Could the Irish Miracle be Repeated in Hungary?," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 30, pages 584-603, Edward Elgar Publishing.
    4. Holger Görg & Eric Strobl, 2016. "Multinational Companies, Technology Spillovers and Plant Survival," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT, chapter 16, pages 289-303, World Scientific Publishing Co. Pte. Ltd..
    5. Lenihan, Helena & Hart, Mark & Roper, Stephen, 2005. "Developing an Evaluative Framework for Industrial Policy in Ireland: Fulfilling the Audit Trail or an Aid to Policy Development?," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2005(2-Summer), pages 1-17.
    6. Blomström, Magnus & Kokko, Ari, 1996. "Multinational Corporations and Spillovers," SSE/EFI Working Paper Series in Economics and Finance 99, Stockholm School of Economics.
    7. Helena Lenihan, 2004. "Evaluating Irish industrial policy in terms of deadweight and displacement: a quantitative methodological approach," Applied Economics, Taylor & Francis Journals, vol. 36(3), pages 229-252.
    8. Holger Görg & Eric Strobl, 2016. "Multinational companies and indigenous development: An empirical analysis," World Scientific Book Chapters, in: MULTINATIONAL ENTERPRISES AND HOST COUNTRY DEVELOPMENT, chapter 17, pages 305-322, World Scientific Publishing Co. Pte. Ltd..
    9. Peter J. Buckley & Frances Ruane, 2006. "Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies," The World Economy, Wiley Blackwell, vol. 29(11), pages 1611-1628, November.
    10. Patrick Honohan & Brendan Walsh, 2002. "Catching Up with the Leaders: The Irish Hare," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 1-78.
    11. Helena Lenihan & Roger Sugden, 2008. "Policy on Business Networking in Ireland: A Review and Prospects for Evaluation," Chapters, in: Mari Jose Aranguren Querejeta & Cristina Iturrioz Landart & James R. Wilson (ed.),Networks, Governance and Economic Development, chapter 8, Edward Elgar Publishing.
    12. Frances Ruane & Ali Ugur, 2005. "Foreign Direct Investment And Host Country Wages: New Evidence From Irish Plant Level Panel Data," The Institute for International Integration Studies Discussion Paper Series iiisdp029, IIIS.
    13. Helena Lenihan & Mark Hart, 2004. "The Use of Counterfactual Scenarios as a Means to Assess Policy Deadweight: An Irish Case Study," Environment and Planning C, , vol. 22(6), pages 817-839, December.
    14. Amsden, Alice H. & Singh, Ajit, 1994. "The optimal degree of competition and dynamic efficiency in Japan and Korea," European Economic Review, Elsevier, vol. 38(3-4), pages 941-951, April.
    15. Mari Jose Aranguren Querejeta & Cristina Iturrioz Landart & James R. Wilson, 2008. "Networks, Governance and Economic Development: An Introduction," Chapters, in: Mari Jose Aranguren Querejeta & Cristina Iturrioz Landart & James R. Wilson (ed.),Networks, Governance and Economic Development, chapter 1, Edward Elgar Publishing.
    16. Karen Helene Midelfart-Knarvik & Henry G. Overman, 2002. "Delocation and European integration: is structural spending justified?," Economic Policy, CEPR;CES;MSH, vol. 17(35), pages 321-359, October.
    17. Frank Barry & John Bradley & Aoife Hannan, 2001. "The Single Market, the Structural Funds and Ireland's Recent Economic Growth," Journal of Common Market Studies, Wiley Blackwell, vol. 39(3), pages 537-552, September.
    18. H Lenihan, 1999. "An Evaluation of a Regional Development Agency's Grants in Terms of Deadweight and Displacement," Environment and Planning C, , vol. 17(3), pages 303-318, June.
    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. Patrizio Bianchi & Sandrine Labory, 2011. "Industrial Policy after the Crisis," Books, Edward Elgar Publishing, number 14127.

    More about this item

    Keywords

    African economies; economic growth; Sub-Saharan Africa; South-East Asia;

    JEL classification:

    • F0 - International Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    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:53356. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.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.

    If CitEc recognized a 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.

    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.