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Sustaining Growth Accelerations and Pro-Poor Growth in Africa
Author:
Mr. Sanjeev Gupta
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,
Ms. Catherine A Pattillo
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Mr. Kevin J Carey
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Series:
IMF Working Papers
Volume/Issue:
Volume 2005: Issue 195
Language:
English
Publication Date:
01 Oct 2005
DOI:
https://doi.org/10.5089/9781451862140.001
ISBN:
9781451862140
ISSN:
1018-5941
Pages:
68
Keywords:
WP; SSA country; rate of growth; exchange rate; developing country; real GDP; terms of trade; Africa; growth; growth accelerations; pro-poor growth; country case studies; growth-poverty-inequality nexus; oil-producing country; CFA franc; countries in SSA; SSA government; SSA benchmark; per capita income; growth regression; SSA growth prospect; poverty elasticity; Income inequality; Poverty reduction; Inclusive growth; Poverty reduction and development; Sub-Saharan Africa; Global; South Asia
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund