IMF Working Papers

Sources of Growth in the Democratic Republic of the Congo: A Cointegration Approach

By Matthias Cinyabuguma, Bernardin Akitoby

July 1, 2004

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Matthias Cinyabuguma, and Bernardin Akitoby. Sources of Growth in the Democratic Republic of the Congo: A Cointegration Approach, (USA: International Monetary Fund, 2004) accessed November 21, 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

The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth.

Subject: Agricultural sector, Economic sectors, Expenditure, Mining sector, National accounts, Production, Public expenditure review, Total factor productivity, Transportation

Keywords: Agricultural sector, Cointegration, Congo, East Asia, Enhanced interim program, GDP ratio, Growth accounting, Mining sector, Physical capital, Production function, Public expenditure review, Real value, Sub-Saharan Africa, TFP, Total factor productivity, Transport production function, Transport sector, Transportation, WP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2004/114

  • Stock No:

    WPIEA1142004

  • ISBN:

    9781451853827

  • ISSN:

    1018-5941

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