Front Matter Page
African Department
Contents
I. Introduction
II. Explaining Differences in Growth Performance
A. Understanding the Post–1995 Improvement in Growth
B. Identifying Strong and Weak Growth Performers
III. Growth Accelerations
A. Identification and Bivariate Correlates of Accelerations
B. What Is Different About Acceleration Episodes?
C. What Triggers An Acceleration?
D. What Sustains An Acceleration?
E. Summary
IV. Policies, Institutions, and Growth in SSA
A. Fiscal Policy
B. Financial Development
C. Institutions
V. Pro-Poor Growth
A. Meaning and Importance of Pro-Poor Growth
B. Channels of Pro-Poor Growth
C. Summary
VI. Conclusions
References
Boxes
1. Growth Experiences: Uganda, The Gambia, and Nigeria
2. Effect of Alternative Weighting Methods on Growth Comparisons
3. Risks to Sustainability of Growth Accelerations: HIV/AIDS and Poverty
Tables
1. Acceleration Start Dates and Per Capita Growth Rates for 1980s and 1990s
2. Differences Between Sample Averages for Acceleration Episodes: Own Past and Nonepisodes
Figures
1. Real GDP Per Capita Growth
2. Annual Inflation Rate
3. Fiscal Balance
4. Trade Openness in the Fast, Medium, and Slow Growers of the 1990s
5. Sub-Saharan Africa: Frequency Distribution of Per Capita Real GDP and Real GDP Growth Rates
6. Tariffs and TFP Growth in Sub-Saharan Africa, 1997–2003
7. Government Spending on Education and Health
8. Infrastructure Development in Low–Income Countries
9. Financial Development of Countries Classified by Growth
10. The Evolution of Economic and Political Institutions in Sub-Saharan Africa over 1984-2004
11. Objective Measures of Economic Institutions in Sub–Saharan Africa, 2004
12. Changes in Inequality for Sub-Saharan Africa
13. Elasticity of Poverty in Sub-Saharan Africa
Appendix Tables
A1. Subgroups of Countries
A2. Real GDP Per Capita Growth Performance Classification, 1960–2003
A3. Real Per Capita Growth, Gross Fixed Capital Formation, and Total Factor Productivity (TFP) Growth
A4. Forgone Growth in Africa Relative to Other Regions
A5. Relative Impact of Robust Variables on Growth
A6. Quality of Macroeconomic Policies, 2003–04
A7. Strongest and Weakest Performers by Growth Benchmarking
A8. Real Per Capita GDP Growth Rates, 1980–2003
A9. Differences Between Sample Averages: Sustained and Unsustained Acceleration
A10. Probit Coefficient Estimates for Probability of a Country Being in an Acceleration Robustness Checks
A11. Probit Marginal Estimates for an Acceleration Beginning in Year, 1980–2004
A12. Probit Marginal Estimates for Probability of a Country Having a Sustained Acceleration in a Year, 1980–2004
A13. Probit Marginal Estimates for Probability of a Sustained Acceleration Beginning in a Year, 1980–2004
A14. Changes in Real GDP Growth and Lagged Deficit Change
A15. Subperiod Averages for Budget Balance, Growth, and Domestic and Foreign Financing
A16. Growth Benefits of Infrastructural Development: Improvements to Level of SSA Leader
A17. Country Classification by Financial Development and Growth Performance
A18. Headcount Poverty and Inequality
A19. Case Study Countries