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How Solid Is Economic Growth in the East African Community?
Author:
Mr. Nikoloz Gigineishvili
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,
Mr. Paolo Mauro
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Ke Wang
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 150
Language:
English
Publication Date:
12 Aug 2014
DOI:
https://doi.org/10.5089/9781498374941.001
ISBN:
9781498374941
ISSN:
1018-5941
Pages:
23
Keywords:
WP; export; economic growth; growth rate; product; Structural transformation; Burundi; Kenya; Rwanda; Tanzania; Uganda; exports product; export product diversification; EAC economy; top ten export destination; EAC countries' economic growth performance; goods export category; export structure; Exports; Agricultural sector; Global; Sub-Saharan Africa
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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Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors—bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund