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Growth of African Economies: Productivity, Policy Syndromes, and the Importance of Institutions

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  • Augustin Kwasi Fosu

Abstract

Recent evidence from an exhaustive political economy study of growth of African economies—the growth project of the African Economic Research Consortium (AERC) suggests that 'policy syndromes' have substantially contributed to the generally poor growth in sub-Saharan Africa during post-independence.

Suggested Citation

  • Augustin Kwasi Fosu, 2013. "Growth of African Economies: Productivity, Policy Syndromes, and the Importance of Institutions," WIDER Working Paper Series wp-2013-005, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-005
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    3. Devarajan, Shantayanan & Easterly, William R & Pack, Howard, 2003. "Low Investment Is Not the Constraint on African Development," Economic Development and Cultural Change, University of Chicago Press, vol. 51(3), pages 547-571, April.
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