The Quality of Growth in Africa

The Quality of Growth in Africa PDF

Author: Akbar Noman

Publisher: Columbia University Press

Published: 2019-08-20

Total Pages: 445

ISBN-13: 0231550987

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In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.

Growth in Sub-Saharan Africa

Growth in Sub-Saharan Africa PDF

Author: Mr.Dhaneshwar Ghura

Publisher: International Monetary Fund

Published: 1995-12-01

Total Pages: 32

ISBN-13: 1451855753

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The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Promoting Growth in Sub-Saharan Africa

Promoting Growth in Sub-Saharan Africa PDF

Author: Mr.Anupam Basu

Publisher: International Monetary Fund

Published: 2000-10-02

Total Pages: 24

ISBN-13: 9781557759665

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Africa is the world’s poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and discusses a policy framework to promote sustainable economic growth and reduce poverty across the region.

Renewing Development in Sub-Saharan Africa

Renewing Development in Sub-Saharan Africa PDF

Author: Deryke Belshaw

Publisher: Routledge

Published: 2005-06-29

Total Pages: 500

ISBN-13: 1134528531

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Renewing Development in Sub-Saharan Africa reviews the debates and brings together specialist contributions, to provide a clear guide to the major complexities of African development. They lay the foundation for designing a range of individual country-specific policy-sets, in which the strategic components are prioritized according to each country's constraints and opportunities. The emphasis of the book is on the identification of effective strategies that will enable individual countries to most effectively exploit their growth opportunities and to meet poverty-reducing and other key equity objectives.

Adjustment and Growth in Sub-Saharan Africa

Adjustment and Growth in Sub-Saharan Africa PDF

Author: Mr.Anupam Basu

Publisher: International Monetary Fund

Published: 1999-04-01

Total Pages: 36

ISBN-13: 1451847092

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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 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

Measuring Financial Development in Sub-Saharan Africa

Measuring Financial Development in Sub-Saharan Africa PDF

Author: Mr.Enrique Gelbard

Publisher: International Monetary Fund

Published: 1999-08-01

Total Pages: 29

ISBN-13: 1451852800

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This study introduces an index for measuring financial development and a set of six indices representing key characteristics of the financial systems in 38 sub-Saharan African countries. The results show that these countries have made good progress in improving and modernizing their financial systems during the last decade, particularly with regard to financial liberalization and the adoption of indirect instruments of monetary policy. In many countries, however, the range of financial products remains extremely limited, interest rate spreads are wide, capital adequacy ratios are insufficient, judicial loan recovery is a problem, and the share of nonperforming loans is large.

Growth Breaks and Growth Spells in Sub-Saharan Africa

Growth Breaks and Growth Spells in Sub-Saharan Africa PDF

Author: Francisco Arizala

Publisher: International Monetary Fund

Published: 2017-09-08

Total Pages: 37

ISBN-13: 1484319559

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This paper examines the growth performance of sub-Saharan African countries since 1960 through the lens of growth turning points (accelerations and decelerations) and periods of sustained growth (growth spells). Growth accelerations are generally associated with improved external conditions, increased investment and trade openness, declines in inflation, better fiscal balances, and improvements in the institutional environment. Transitioning from growth accelerations to growth spells often requires additional efforts beyond what is needed to trigger an acceleration. Growth spells are sustained by fiscal policy that prevents excessive public debt accumulation, monetary policy geared toward low inflation, outward-oriented trade policies, and structural policies that reduce market distortions, as well as supportive external environment and improvements in democratic institutions. Overall, determinants of growth spells in sub-Saharan Africa are different from those in the rest of the emerging and developing countries.

An Economic History of Development in sub-Saharan Africa

An Economic History of Development in sub-Saharan Africa PDF

Author: Ellen Hillbom

Publisher: Springer

Published: 2019-06-19

Total Pages: 286

ISBN-13: 3030140083

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‘This is a desperately needed book. It not only surveys the field of African economic history at the level of undergraduate students, but provides several fresh perspectives, drawing on insights from the latest research on the evolution of African societies and their economic prosperity. This valuable source of teaching material will be the premier text on African economic history for at least the next decade.’ —Johan Fourie, Stellenbosch University, South Africa This upper level textbook offers a historical understanding of sub-Saharan Africa. By looking at the economic history of the African region from before the arrival of European territorial control all the way through to Africa’s integration in the current era of globalisation, readers can understand the development paths for African countries today. Organisation of production, social structures, trade, and governance are key factors in the discussion about African success stories and failures. Suitable reading for upper level undergraduates, MSc and postgraduate students, in addition to policy makers and development practitioners looking for a comprehensive overview of Africa from an economic and social perspective. Hillbom and Green also provide a starting point for the study of African economic history for those who would like to continue their own research in this area.

Growth in Sub-Saharan Africa

Growth in Sub-Saharan Africa PDF

Author: Dhaneshwar Ghura

Publisher:

Published: 2006

Total Pages: 32

ISBN-13:

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The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

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