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3. Addressing the Infrastructure Deficit in Sub-Saharan Africa

3. Addressing the Infrastructure Deficit in Sub-Saharan Africa »

Source: Regional Economic Outlook, October 2014 : Staying the Course

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2014

ISBN: 9781498386456

Keywords: Economic growth, Economic forecasting, Cross country analysis, Private investment, Regional Economic Outlook, Public debt, Public investment, Fiscal policy, Monetary policy, Infrastructure

Introduction and Summary This chapter considers sub-Saharan African countries’ progress in recent years to address the large infrastructure deficit they face, trends...

Adjustment and Growth in Sub-Saharan Africa1

Adjustment and Growth in Sub-Saharan Africa1 »

Source: Adjustment and Growth in Sub-Saharan Africa

Volume/Issue: 1999/51

Series: IMF Working Papers

Author(s): Dhaneshwar Ghura , Anupam Basu , and Anthony Calamitsis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

ISBN: 9781451847093

Keywords: growth rates, inflation, real gdp, inflation rates, economic growth

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 tha...

Africa Rising

Africa Rising »

Source: Africa Rising : Harnessing the Demographic Dividend

Volume/Issue: 2014/143

Series: IMF Working Papers

Author(s): Paulo Drummond , Vimal Thakoor , and Shu Yu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

ISBN: 9781498379878

Keywords: Demographic Dividend, Economic Growth, Sub-Saharan Africa, Panel Estimates, working age population, gdp per capita, demographic transition, growth rate, Models with Panel Data, Demographic Trends and Forecasts

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly ha...

Africa's Trade Revisted

Africa's Trade Revisted »

Source: Africa's Trade Revisted

Volume/Issue: 2001/33

Series: IMF Working Papers

Author(s): Natalia Tamirisa , and Arvind Subramanian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2001

ISBN: 9781451845181

Keywords: trade, gravity model, partner country, partner countries, preferential trading, bilateral trade, trade performance, Africa Trade, Econometric And Statistical Methods: - General, Economic Growth And Aggregate Productivity,

The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis. This paper refines and gen...

Aid and Growth

Aid and Growth »

Source: Aid and Growth : What Does the Cross-Country Evidence Really Show?

Volume/Issue: 2005/127

Series: IMF Working Papers

Author(s): Raghuram Rajan , and Arvind Subramanian

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2005

ISBN: 9781451861464

Keywords: Cross-Sectional and Panel data, equation, statistics, outliers, standard errors, Economic Growth and Aggregate Productivity: General,

We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even after this correc...

Aid and the Dutch Disease in Low-Income Countries

Aid and the Dutch Disease in Low-Income Countries »

Source: Aid and the Dutch Disease in Low-Income Countries : Informed Diagnoses for Prudent Prognoses

Volume/Issue: 2004/49

Series: IMF Working Papers

Author(s): Mwanza Nkusu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846874

Keywords: Exchange Rate, and Poverty, dutch disease, real exchange rate, foreign exchange, exchange rates, Economic Growth of Open Economies, Welfare and Poverty: General, Economic Growth and Aggregate Productivity: General,

This paper demonstrates that the Dutch disease need not materialize in low-income countries that can draw on their idle productive capacity to satisfy the aid-induced increased demand. Diagnoses on, and prognoses f...

Aid, Exports, and Growth

Aid, Exports, and Growth »

Source: Aid, Exports, and Growth : A Time-Series Perspective on the Dutch Disease Hypothesis

Volume/Issue: 2013/73

Series: IMF Working Papers

Author(s): Joong Kang , Alessandro Prati , and Alessandro Rebucci

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2013

ISBN: 9781484320112

Keywords: Common factors, Panel VARs, Exchange rate overvaluation, exchange rate, real exchange rate, exchange rate policy, trade liberalization, Economic Growth of Open Economies, Macroeconomic Analyses of Economic Development,

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global” aid shock. We find that a global ai...

Aid Volatility and Dutch Disease

Aid Volatility and Dutch Disease »

Source: Aid Volatility and Dutch Disease : Is There a Role for Macroeconomic Policies?

Volume/Issue: 2006/145

Series: IMF Working Papers

Author(s): Thierry Tressel , and Alessandro Prati

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864052

Keywords: Aid effectiveness, real exchange rate, central bank, current account, money demand, Macroeconomic Analyses of Economic Development, Fiscal and Monetary Policy in Development, Economic Growth And Aggregate Productivity,

This paper studies how macroeconomic policies can help offset two unintended and undesirable features of foreign aid: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance...

And Schumpeter Said, "This is How Thou Shalt Grow"

And Schumpeter Said, "This is How Thou Shalt Grow" »

Source: And Schumpeter Said, "This is How Thou Shalt Grow" : Further Quest for Economic Growth in Poor Countries

Volume/Issue: 2004/40

Series: IMF Working Papers

Author(s): Philippe Beaugrand

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2004

ISBN: 9781451846003

Keywords: Growth, Innovation, Entrepreneurship, Schumpeter, J.A., economic growth, entrepreneurs, per capita income, J.A,

The paper reviews the “stylized facts” on economic growth gathered by Easterly and Levine in their 2001 joint paper and illustrates some of the points made on the basis of data from the IMF’s W...

Appendix

Appendix »

Source: Sustaining and Accelerating Pro-Poor Growth in Africa

Series: IMF Special Issues

Author(s): Kevin Carey , Sanjeev Gupta , and Catherine Pattillo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 February 2006

ISBN: 9781589064942

Keywords: Economic growth, Poverty, pro-poor growth, pro-poor, growth rates, tfp, real gdp

Table A1. Subgroups of Countries Oil-Producing Cou...