Adjustment and Growth in Sub-Saharan Africa

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...

Full description

Bibliographic Details
Main Author: Ghura, Dhaneshwar
Other Authors: Basu, Anupam, Calamitsis, Anthony
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02796nmm a2200697 u 4500
001 EB000928581
003 EBX01000000000000000722177
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451847093 
100 1 |a Ghura, Dhaneshwar 
245 0 0 |a Adjustment and Growth in Sub-Saharan Africa  |c Dhaneshwar Ghura, Anupam Basu, Anthony Calamitsis 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1999 
300 |a 35 pages 
651 4 |a Congo, Democratic Republic of the 
653 |a Occupational Choice 
653 |a Macroeconomics 
653 |a Labour 
653 |a Investments: General 
653 |a Macroeconomic Analyses of Economic Development 
653 |a Foreign exchange 
653 |a Export performance 
653 |a Capacity 
653 |a Real effective exchange rates 
653 |a Economic Growth and Aggregate Productivity: General 
653 |a Currency 
653 |a Labor Productivity 
653 |a Capital 
653 |a Human capital 
653 |a Prices 
653 |a Intangible Capital 
653 |a International economics 
653 |a Income economics 
653 |a Saving and investment 
653 |a Spatio-temporal Models 
653 |a Labor 
653 |a Panel Data Models 
653 |a Trade: General 
653 |a Human Capital 
653 |a Investment 
653 |a Price Level 
653 |a Inflation 
653 |a Exports and Imports 
653 |a Deflation 
653 |a International trade 
653 |a Foreign Exchange 
653 |a National accounts 
653 |a Private investment 
653 |a Economywide Country Studies: Africa 
653 |a Exports 
653 |a Skills 
700 1 |a Basu, Anupam 
700 1 |a Calamitsis, Anthony 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451847093.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/1999/051/001.1999.issue-051-en.xml?cid=2986-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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 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