Adjustment and Growth in Sub-Saharan Africa |
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| Author:
| Ghura, Dhaneshwar
Basu, Anupam
Calamitsis, Evangelos A. |
| Series title: | IMF Working Papers |
| ISBN: | 978-1-4518-9411-0 |
| Publication Date: | Apr 1999 |
| Publisher: | International Monetary Fund
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| Book Format: | Ebook |
| List Price: | Contact Supplier contact
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Book Description:
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This paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981-97. The results indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private investment to GDP, promote human capital development, lower the ratio of the budget deficit to GDP, safeguard external competitiveness, and stimulate export volume growth. The favorable evolution of these variables played an important role in the...
More DescriptionThis paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981-97. The results indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private investment to GDP, promote human capital development, lower the ratio of the budget deficit to GDP, safeguard external competitiveness, and stimulate export volume growth. The favorable evolution of these variables played an important role in the region's apparent postreform recovery of 1995-97. The paper also discusses a policy framework to promote sustainable economic growth and reduce poverty in sub-Saharan Africa