Sources of Growth in the Democratic Republic of the Congo A Cointegration Approach

The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor econo...

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Bibliographic Details
Main Author: Cinyabuguma, Matthias
Other Authors: Akitoby, Bernardin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Sources of Growth in the Democratic Republic of the Congo  |b A Cointegration Approach  |c Matthias Cinyabuguma, Bernardin Akitoby 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2004 
300 |a 32 pages 
651 4 |a Congo, Republic of 
653 |a Natural Resource Extraction 
653 |a Public expenditure review 
653 |a Agribusiness 
653 |a Cross-Country Output Convergence 
653 |a Public finance & taxation 
653 |a Mineral industries 
653 |a Aggregate Productivity 
653 |a Capital and Total Factor Productivity 
653 |a Cost 
653 |a Industrial productivity 
653 |a Production 
653 |a Agriculture: General 
653 |a Agricultural industries 
653 |a National accounts 
653 |a National Government Expenditures and Related Policies: General 
653 |a Agricultural sector 
653 |a Macroeconomics 
653 |a Agricultural economics 
653 |a Measurement of Economic Growth 
653 |a Capacity 
653 |a Industry Studies: Primary Products and Construction: General 
653 |a Infrastructure 
653 |a Mining sector 
653 |a Industry Studies: Transportation and Utilities: General 
653 |a Aggregate Factor Income Distribution 
653 |a Economic sectors 
653 |a Total factor productivity 
653 |a Expenditure 
653 |a Saving and investment 
653 |a Expenditures, Public 
653 |a Public Finance 
653 |a Transportation 
653 |a Extractive industries 
653 |a Production and Operations Management 
700 1 |a Akitoby, Bernardin 
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520 |a The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth