How Can Burundi Raise its Growth Rate? the Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance

January 1, 2009

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Format: Chicago

Olivier Basdevant. How Can Burundi Raise its Growth Rate? the Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions explain a large part of the weak growth performance for the last thirty years.

Subject: Agricultural commodities, Capital accumulation, Commodities, Depreciation, Financial institutions, Income, National accounts, Stocks

Keywords: Accumulation function, Agricultural commodities, Burundi, Burundi ICOR, Burundi's economy, Capital accumulation, Capital Stock, Depreciation, Depreciation rate, Growth, Growth performance, Growth prospect, Income, Investment, Investment inefficiency, Kalman Filter, Stocks, Sub-Saharan Africa, WP

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2009/011
Stock No:

WPIEA2009011
ISBN:

9781451871586
ISSN:

1018-5941

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