- International Monetary Fund. African Dept.
- Published Date:
- October 2011
African Center for Economic Transformation (ACET), 2009, Looking East: China’s Engagemnts with Africa: Benefits and Key Challenges (Accra, Ghana: African Center for Economic Transformation).
Anand, Rahul, SaurabhMishra, and NicolaSpatafora, forthcoming, “Economic Growth and the Sophistication of Production in Sub-Saharan Africa” (Washington: International Monetary Fund).
Arora, Vivek, and AthanasiosVamvakidis, 2005, “How Much Do Trading Partners Matter for Economic Growth?” IMF Staff Papers, Vol. 52, No. 1, pp. 24–40.
Baah, Anthony, and HerbertJauch, eds., 2009, Chinese Investments in Africa: A Labour Perspective (Windhoek, Namibia: African Labor Research Network).
Besley, Timothy, and LouiseCord, 2007, Delivering on the Promise of Pro-poor Growth: Insights and Lessons from Country Experiences (Washington: World Bank).
Bergstrand, Jeffrey H., 1985, “The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence,” Review of Economics and Statistics, Vol. 67 (August), 474–81.
Blalock, Garrick, and Paul J.Gertler, 2004, “Learning from Exporting Revisited in a Less Developed Setting,” Journal of Development Economics, Vol. 75, No. 2, pp. 397–416.
Bourguignon, François, 2003, “The Growth Elasticity of Poverty Reduction: Explaining Heterogeneity across Countries and Time Periods,” Working Paper No. 28104 (Cambridge, Massachusetts: Massachussetts Institute of Technology).
Brautigam, Deborah T., ThomasFarole, and XiaoyangTang, 2010, China’s Investment in African Special Economic Zones: Prospects, Challenges, and Opportunities, World Bank Economic Premise No. 5 (Washington: World Bank).
Brautigam, Deborah T., ThomasFarole, and XiaoyangTang, 2011, “African Shenzhen: China’s Special Economic Zones in Africa,” Journal of Modern African Studies, Vol. 49, No. 1, pp. 27–54.
Broadman, Harry G., 2006, Africa’s Silk Road—China and India’s New Economic Frontier (Washington: World Bank).
Buys, Piet, UweDeichmann, and DavidWheeler, 2010, “Road Network Upgrading and Overland Trade Expansion in Sub-Saharan Africa,” Journal of African Economies, Vol. 19, No. 3, pp. 399–432.
Center for Chinese Studies, 2006, “China’s Interest and Activity in Africa’s Construction and Infrastructure Sectors” (Stellenbosch, South Africa: University of Stellenbosch).
Center for Chinese Studies,2010, “Evaluating China’s FOCAC Commitments to Africa and Mapping the Way Ahead,” Forum on China-Africa Cooperation (Stellenbosch, South Africa: University of Stellenbosch).
China’s State Council Information Office, 2010, China-Africa Economic and Trade Cooperation (Beijing).
Clerides, Sofronis, SaulLach, and James R.Tybout, 1996, “Is ‘Learning-by-Exporting’ Important? Micro-dynamic Evidence from Colombia, Mexico and Morocco,” NBER Working Paper 5715 (Cambridge, Massachusetts: National Bureau of Economic Research).
Coe, David T., Il HoungLee, Wafa F.Abdelati, DamienEastman, RobertHagemann, SumioIshikawa, AlejandroLopez-Mejfa, SrobonaMitra, SoniaMunoz, KojiNakamura, NadiaRenda, and SibelYelten, 2006, “Cambodia: Rebuilding for a Challenging Future,” Special Issues Paper No. 118 (Washington: International Monetary Fund).
Costa, Dora L., 2001, “Estimating Real Income in the United States from 1888 to 1994: Correcting CPI Bias Using Engel Curves,” Journal of Political Economy, Vol. 109, No. 6, pp. 1288–310.
de Carvalho Filho, Irineu, and MarcosChamon, 2011, “The Myth of Post-reform Income Stagnation in Brazil,” MPRA Paper No. 28532 (Munich: Munich Personal RePec Archive).
De Feranti, David, DanielLederman, William F.Maloney, and Guillermo E.Perry, 2002, From Natural Resources to the Knowledge Economy: Trade and Job Quality (Washington: World Bank).
Deaton, Angus, and JohnMuellbauer, 1980, “An Almost Ideal Demand System,” American Economic Review, Vol. 70, No. 3, pp. 312–26.
Deaton, Angus, and JohnMuellbauer, 2010, “Price Indexes, Inequality, and the Measurement of World Poverty,” American Economic Review, Vol. 100, No. 1, pp. 5–34.
Dollar, David, and AartKraay, 2002, “Growth Is Good for the Poor,” Journal of Economic Growth, Vol. 7, No. 3, pp. 195–225.
Drummond, Paulo, and GustavoRamirez, 2009, “Spillovers from the Rest of the World into Sub-Saharan African Countries,” Working Paper 09/155 (Washington: International Monetary Fund).
Eicher, Theo S., and Stephen J.Turnovsky, eds., 2003, Inequality and Growth: Theory and Policy Implications (Cambridge, Massachusetts: MIT Press).
Farole, Thomas, 2011, Special Economic Zones in Africa: Comparing Performance and Learning from Global Experiences (Washington: World Bank).
Feenstra, Robert C., James R.Marcusen, and Andrew K.Rose, 2001, “Using the Gravity Equation to Differentiate among Alternative Theories of Trade,” Canadian Journal of Economics, Vol. 34, No. 2, pp. 430–47.
Foster, Vivien, WilliamButterfield, ChuanChen, and NataliyaPushak, 2008, Building Bridges—China’s Growing Role as Infrastructure Financier for Africa, World Bank Trends and Policy Options—Infrastructure No. 5 (Washington: World Bank).
Fosu, Augustin, 2011, “Growth, Inequality and Poverty Reduction in Developing Countries: Recent Global Evidence,” United Nations University-World Institute for Development Economics Research (UNU-WIDER) Working Paper 2011/01 (Helsinki: UNU-WIDER).
Fox, Louise, and MelissaSekkel Gaal, 2008, Working Out of Poverty: Job Creation and the Quality of Growth in Africa (Washington: World Bank).
Gibson, John, StevenStillman, and TrinhLe, 2008, “CPI Bias and Real Living Standards in Russia during the Transition,” Journal of Development Economics, Vol. 87, No. 1, pp. 140–60.
Giovannetti, Giorgia, and MarcoSanfilippo, 2009, “Do Chinese Exports Crowd-Out African Goods? An Econometric Analysis by Country and Sector, European Journal of Development Research, Vol. 24, No. 1, pp. 506–30.
Goldstein, Andrea, NicolasPinaud, HelmutReisen, and XiaobaoChen, 2006, The Rise of China and India—What’s in It for Africa? (Paris: Organization for Economic Cooperation and Development).
Gu, Jing, 2009, “China’s Private Enterprises in Africa and the Implications for African Development,” European Journal of Development Research, Vol. 21, No. 4, pp. 570–87.
Hamilton, Bruce W., 2001, “Using Engel’s Law to Estimate CPI Bias,” American Economic Review, Vol. 91, No. 3, pp. 619–30.
Hausmann, Ricardo, JasonHwang, and DaniRodrik, 2007, “What You Export Matters,” Journal of Economic Growth, Vol. 12, No. 1, pp. 1–25.
International Monetary Fund (IMF), 2006, Cambodia: Rebuilding for a Challenging Future (Washington: International Monetary Fund).
International Monetary Fund (IMF), 2010, World Economic Outlook, World Economic and Financial Surveys (Washington, October).
International Monetary Fund (IMF), 2011, New Growth Drivers for Low-Income Countries: The Role of BRICs (Washington: International Monetary Fund).
Kenny, Charles, 2011, Getting Better: Why Global Development Is Succeeding—And How We Can Improve the World Even More (New York: Basic Books).
Klump, Rainer, and ThomasBonschab, 2005, ”Operationalising Pro-poor Growth: A Country Case Study on Vietnam,” Working Paper (Eschborn, Germany: Deutsche Gesellschaft fur Technische Zusammenarbeit [GTZ]).
Kraay, Aart, 2002, Exports and Economic Performance: Evidence from a Panel of Chinese Enterprises (Washington: World Bank).
Kraay, Aart, 2006, “When Is Growth Pro-poor? Evidence from a Panel of Countries,” Journal of Development Economics, Vol. 80, No. 1, pp. 198–227.
Lin, Justin Y., 1992, “Rural Reforms and Agricultural Growth in China,” American Economic Review, Vol. 82, No. 1, pp. 34–51.
Loayza, Norman V., and Viktoria V.Hnatkovska, “Volatility and Growth,” World Bank Policy Research Working Paper No. 3184 (Washington: World Bank).
Mlachila, Montfort, and MisaTakebe, 2011, “FDI from BRICs to LICs—New Growth Driver?” IMF Working Paper 11/178 (Washington: International Monetary Fund).
Nakamura, Leonard, 1997, “Is the U.S. Economy Really Growing Too Slowly? Maybe We’re Measuring Growth Wrong,” Federal Reserve Bank of Philadelphia Business Review, March–April, pp. 3–14.
New Partnership for Africa’s Development (NEPAD), 2010, “Economic Diversification in Africa—A Review of Selected Countries” (New York: United Nations Office of the Special Adviser on Africa and NEPAD-OECD Africa Investment Initiative).
Organization for Economic Cooperation and Development (OECD), 2010, Perspectives on Global Development 2010—Shifting Wealth (Paris: Organization for Economic Cooperation and Development).
Organization for Economic Cooperation and Development (OECD), African Development Bank (AfDB), United Nations Economic Commission for Africa (UNECA), and United Nations Development Program (UNDP), 2011, African Economic Outlook 2001: Africa and Its Emerging Partners (France: African Economic Outlook).
Ravallion, Martin, 2004, “Pro-poor Growth: A Primer,” Policy Research Working Paper No. 3242 (Washington: World Bank).
Ravallion, Martin, 2009, “Are There Lessons for Africa from China’s Success against Poverty?” World Development, Vol. 37, No. 2, pp. 303–13.
Renard, Mary-Francoise, ed., “China and Its Regions: Economic Growth and Reform in Chinese Provinces” (Cheltenham, United Kingdom and Northampton, Massachusetts: New Horizons in International Business, Elgar), pp. 278–99.
Riad, Nagwa, and YongzhengYang, forthcoming, “LIC-BRIC Trade Linkages: Trends and Implications for Growth,” Working Paper (Washington: International Monetary Fund).
Roache, Shaun K., forthcoming, “China’s Impact on World Commodity Markets,” Working Paper (Washington: International Monetary Fund).
Sachs, Jeffrey D., and Andrew M.Warner, 1995, “Natural Resource Abundance and Economic Growth,” NBER Working Paper 5398 (Cambridge, Massachusetts: National Bureau of Economic Research).
Sala-i-Martin, Xavier, and MaximPinkovskiy, 2010, “African Poverty Is Falling . . . Much Faster Than You Think!” NBER Working Paper 15775 (Cambridge, Massachusetts: National Bureau of Economic Research).
Santos Silva, Joao M. C., and SilvanaTenreyro, 2006, “The Log of Gravity,” Review of Economics and Statistics, Vol. 88, No. 4, pp. 641–58.
Teal, Francis, 2011, Structural Transformation, Employment Creation, and Labor Markets: The Implications for Poverty Reduction in Sub-Saharan Africa (Oxford: University of Oxford, Centre for the Study of African Economies).
United Nations Conference on Trade and Development (UNCTAD), 2010, Economic Development in Africa Report 2010—South-South Cooperation: Africa and the New Forms of Development Partnership (New York and Geneva: United Nations).
United Nations Development Program (UNDP), 2006, Asian Foreign Direct Investment in Africa—Towards a New Era of Cooperation among Developing Countries (New York and Geneva: United Nations).
United Nations Development Program (UNDP), 2010, Annual Report of the Administrator on the Strategic Plan: Performance and Results for 2009 (Geneva: United Nations).
United Nations Industrial Development Organization (UNIDO), 2007, Understanding the Contributions of Different Investor Categories to Development—Implications for Targeting Strategies, 2nd ed. (Vienna: United Nations).
United Nations, Office of the Special Adviser on Africa, 2009, Africa’s Cooperation with New and Emerging Development Partners: Options for Africa’s Development (New York: United Nations).
Vietnam Ministry of Planning and Investment and United Nations Development Program, 2010, Getting to Work, Labour Market, Employment and Urbanization in Viet Nam to 2020: Learning from International Experiences (Hanoi, Vietnam:United Nations Development Program).
World Bank, 2007, World Development Report 2008: Agriculture for Development (Washington: World Bank).
World Bank, 2008, “Cambodia’s Labor Market and Employment,” Cambodia Country Economic Memorandum, Background paper prepared by the Economic Institute of Cambodia (Washington: World Bank).
World Bank, 2010, Africa’s Future and the World Bank’s Role in it (Washington: World Bank)
Yang, Yongzheng, forthcoming, “Global Rebalancing: Implications for Low-Income Countries,” Working Paper (Washington: International Monetary Fund).
Young, Alwyn, 2010, “The African Growth Miracle” (unpublished; London: London School of Economics, Department of Economics).
Publications of the IMF African Department, 2009–11
|The Impact of the GlobalFinancial Crisis on Sub-Saharan Africa||African Department|
|Tanzania: The Story of an African Transition||Nord, Roger, Yuri Sobolev, David Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, and Stephane Roudet|
South Africa: Macro Policy Mix and Its Effects on Growth and the Real Exchange Rate—Empirical Evidence and GIMF Simulations
|Canales Kriljenko, Jorge Ivan|
Measuring the Potential Output of South Africa
In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland
|Mongardini, Joannes, Dalmacio Benicio, Thomson Fontaine, Gonzalo C. Pastor, and Geneviève Verdier|
Zimbabwe: Challenges and Policy Options after Hyperinflation
|Kramarenko, Vitaliy, Lars H. Engstrom, Genevieve Verdier, Gilda Fernandez, Stefan E. Oppers, Richard Hughes, James McHugh, and Warren L. Coats|
Expenditure Composition and Economic Developments in Benin
|Pani, Marco, and Mohamed El Harrak|
Wage Policy and Fiscal Sustainability in Benin
|Lundgren, Charlotte J.|
The Global Financial Crisis and Adjustments to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa
|Ben Ltaifa, Nabil, Stella Kaendera, and Shiv Dixit|
Spillover Effects and the East African Community: Explaining the Slowdown and the Recovery
|Drummond, Paulo, and Gustavo Ramirez|
Foreign Exchange Reserve Adequacy in East African Community Countries
|Drummond, Paulo, Aristide Mrema, Stephane Roudet, and Mika Saito|
The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations
|Wakeman-Linn, John, Rafael A. Portillo, Plamen Iossifov, and Dimitre Millkov|
The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options
|Mueller, Johannes, Irene Yackovlev, and Hans Weisfeld|
The Southern African Development Community’s Macroeconomic Convergence Program: Initial Performance
Fiscal Policy in Sub-Saharan Africa in Response to the Impact of the Global Crisis
|Berg Andrew, Norbert Funke, Alejandro Hajdenberg, Victor Duarte Lledo, Rolando Ossowski, Martin Schindler, Antonio Spilimbergo, Shamsuddin Tareq, and Irene Yackovlev|
External Sustainability of Oil-Producing Sub-Saharan African Countries
|Takebe, Misa, and Robert C. York|
The Cyclicality of Fiscal Policies in the CEMAC Region
|Mpatswe, Gaston K., Sampawende J. Tapsoba, and Robert C. York|
South Africa: The Cyclical Behavior of the Markups and Its Implications for Monetary Policy
Burkina Faso—Policies to Protect the Poor from the Impact of Food and Energy Price Increases
|Arze del Granado, Javier, and Isabell Adenauer|
De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa
|Slavov, Slavi T.|
Financial Deepening, Property Rights and Poverty: Evidence from Sub-Saharan Africa
|Singh, Raju Jan, and Yifei Huang|
FDI from BRICs to LICs: Emerging Growth Driver?
|Mlachila, Montfort, and Misa Takebe|
Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter?
The Quest for Higher Growth in the WAEMU Region: The Role of Accelerations and Decelerations
|Kinda, Tidiane, and Montfort Mlachila|
Fiscal Policy Implementation in Sub-Saharan Africa
|Lledo, Victor Duarte, and Marcos Poplawski Ribeiro|
Post-conflict Recovery: Institutions, Aid, or Luck?
|David, Antonio, Fabiano Rodrigues Bastos, and Marshall Mills|
Ghana: Will It Be Gifted or Will It Be Cursed?
Oil Spill(over)s: Linkages in Petroleum Product Pricing Policies in West African Countries
|David, Antonio, Mohamed El Harrak, Marshall Mills, and Lorraine Ocampos|
Feeling the Elephant’s Weight: The Impact of Cote d’lvoire’s Crisis on WAEMU Trade
|Egoumé-Bossogo, Philippe, and Ankouvi Nayo|
ICT, Financial Inclusion, and Growth Evidence from African Countries
|Andrianaivo, Mihasonirina, and Kangni Kpodar|
Fiscal Sustainability and the Fiscal Reaction Function for South Africa
|Burger, Philippe, Alfredo Cuevas, Ian Stuart, and Charl Jooste|
Reviving the Competitive Storage Model: A Holistic Approach to Food Commodity Prices
|Miao, Yanliang, Weifeng Wu, and Norbert Funke|
Inflation Uncertainty and Relative Price Variability in WAEMU
|Fernandez Valdovinos, Carlos, and Kerstin Gerling|
Modeling Inflation in Chad
Fiscal Expectations under the Stability and Growth Pact: Evidence from Survey Data
|Poplawski-Ribeiro, Marcos, and Jan-Christoph Rulke|
Growth in Africa under Peace and Market Reforms
|Korbut, Olessia, Gonzalo Salinas, and Cheikh A. Gueye|
Capital Flows, Exchange Rate Flexibility, and the Real Exchange Rate
|Kinda, Tidiane, Jean-Louis Combes, and Patrick Plane|
Weathering the Global Storm: The Benefits of Monetary Policy Reform in the LA5 Countries
|Canales Kriljenko, Jorge Iván, Luis Ignacio Jacome, Ali Alichi, and Ivan Luis de Oliveira Lima|
Performance of Fiscal Accounts in South Africa in a Cross-Country Setting
Cyclicality of Revenue and Structural Balances in South Africa
Mother, Can I Trust the Government? Sustained Financial Deepening—A Political Institutions View
|Quintyn, Marc, and Genevieve Verdier|
Islamic Banking: How Has It Diffused?
|Imam, Patrick A., and Kangni Kpodar|
A Macro Model of the Credit Channel in a Currency Union Member: The Case of Benin
How Do International Financial Flows to Developing Countries Respond to Natural Disasters?
Exchange Rate Assessment for Sub-Saharan Economies
Balance Sheet Vulnerabilities of Mauritius during a Decade of Shocks
|Imam, Patrick A., and Rainer Koehler|
Beyond Aid: How Much Should African Countries Pay to Borrow?
|Gueye, Cheikh A., and Amadou N.R. Sy|
Banking Efficiency and Financial Development in Sub-Saharan Africa
FDI Flows to Low-Income Countries: Global Drivers and Growth Implications
|Dabla-Norris, Era, Jiro Honda, Amina Lahrèché-Revil, and Genevieve Verdier|
The Linkage between the Oil and Nonoil Sectors—A Panel VAR Approach
Short-versus Long-Term Credit and Economic Performance: Evidence from the WAEMU
|Kpodar, Kangni, and Kodzo Gbenyo|
Budget Institutions and Fiscal Performance in Low-Income Countries
|Dabla-Norris, Era, Richard Allen, Luis-Felipe Zanna, Tej Prakash, Eteri Kvintradze, Victor Duarte Lledo, Irene Yackovlev, and Sophia Gollwitzer|
ICT Equipment Investment and Growth in Low-and Lower-Middle-Income Countries
The Real Exchange Rate and Growth Revisited: The Washington Consensus Strikes Back?
|Berg, Andrew, and Yanliang Miao|
Firm Productivity, Innovation, and Financial Development
|Dabla-Norris, Era, Eramus Kersting, and Genévieve Verdier|
Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors
|Lledo, Victor, Irene Yackovlev, and Lucie Gadenne|
A Framework to Assess the Effectiveness of IMF Technical Assistance in National Accounts
|Pastor, Gonzalo C.|
Improving Surveillance across the CEMAC Region
|Iossifov, Plamen, Noriaki Kinoshita, Misa Takebe, Robert C. York, and Zaijin Zhan|
A Rule Based Medium-Term Fiscal Policy Framework for Tanzania
|Kim, Daehaeng, and Mika Saito|
Analyzing Fiscal Space Using the MAMS Model: An Application to Burkina Faso
|Gottschalk, Jan, Vu Manh Le, Hans Lofgren, and Kofi Nouve|
Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa
|Singh, Raju Jan, Markus Haacker, and Kyung-woo Lee|
São Tomé and Príncipe: Domestic Tax System and Tax Revenue Potential
The Gambia: Demand for Broad Money and Implications for Monetary Policy Conduct
|Sriram, Subramanian S.|
Understanding the Growth of African Markets
|Yartey, Charles Amo, and Mihasonirina Andrianaivo|
Credit Growth in Sub-Saharan Africa—Sources, Risks, and Policy Responses
|Iossifov, Plamen, and May Y. Khamis|
Spillovers from the Rest of the World into Sub-Saharan African Countries
|Drummond, Paulo, Flavio Nacif, and Gustavo Ramirez|
In Search of Successful Inflation Targeting: Evidence from an Inflation Targeting Index
Introducing the Euro as Legal Tender—Benefits and Costs of Eurorization for Cape Verde
|Imam, Patrick A.|
The Macroeconomics of Scaling Up Aid: The Gleneagles Initiative for Benin
|Mongardini, Joannes, and Issouf Samaké|
Sub-Saharan Africa’s Integration in the Global Financial Markets
|Deléchat, Corinne, Gustavo Ramirez, Smita Wagh, and John Wakeman-Linn|
Financial Deepening in the CFA Franc Zone: The Role of Institutions
|Singh, Raju, Kangni Kpodar, and Dhaneshwar Ghura|
Madagascar: A Competitiveness and Exchange Rate Assessment
Understanding Inflation Inertia in Angola
|Klein, Nir, and Alexander Kyei|
Grants, Remittances, and the Equilibrium Real Exchange Rate in Sub-Saharan African Countries
|Mongardini, Joannes, and Brett Rayner|
Dedollarization in Liberia—Lessons from Cross-Country Experience
|Erasmus, Lodewyk, Jules Leichter, and Jeta Menkulasi|
The Macroeconomic Impact of Scaled-Up Aid: The Case of Niger
|Farah, Abdikarim, Emilio Sacerdoti, and Gonzalo Salinas|
The Value of Institutions for Financial Markets: Evidence from Emerging Markets
|Akitoby, Bernardin, and Thomas Stratmann|
Why Isn’t South Africa Growing Faster? A Comparative Approach
The Determinants of Commercial Bank Profitability in Sub-Saharan Africa
|Flamini, Valentina, Calvin A. McDonald, and Liliane Schumacher|
Bank Efficiency in Sub-Saharan African Middle-Income Countries
How Can Burundi Raise Its Growth Rate? The Impact of Civil Conflicts and State Intervention on Burundi’s Growth Performance