A Quality of Growth Index for Developing Countries: A Proposal
IMF Working Papers, September 16, 2014
Source details
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- A Quality of Growth Index for Developing Countries: A Proposal
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Bibliographic details
- Authors: Montfort Mlachila, Rene Tapsoba, Sampawende J Tapsoba
- Published: September 16, 2014
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781498379274.001
Authors and publication
- By Montfort Mlachila, Rene Tapsoba, Sampawende J Tapsoba
- September 16, 2014
- IMF Working Papers, Series: Working Paper No. 2014/172, Issue: 172, Volume: 2014
- Pages: 33
- DOI: https://doi.org/10.5089/9781498379274.001
- Stock No: WPIEA2014172
- ISBN: 9781498379274
- ISSN: 1018-5941
Objective and index design
- Proposes a new quality of growth index (QGI) for developing countries.
- The index "encompasses both the intrinsic nature and social dimensions of growth."
- Computed for over 90 countries for the period 1990-2011.
- Premise: "not all growth is created equal in terms of social outcomes" and "it does matter how one reaches from one level of income to another."
Key empirical findings
- "The quality of growth has been improving in the vast majority of developing countries over the past two decades."
- "The rate of convergence is relatively slow."
- "There are considerable cross-country variations across income levels and regions."
Main determinants identified
- Political stability
- Public pro-poor spending
- Macroeconomic stability
- Financial development
- Institutional quality
- External factors such as FDI
Subject areas and keywords
- Subject: Economic growth, Education, Health, Inclusive growth, Income inequality, National accounts, Personal income
- Keywords: Africa, benchmark QGI, composite index, correlation matrix, final period, growth fundamentals, Inclusive growth, Income inequality, Personal income, QGI dynamics, QGI performance, QGI process, QGI score, QGI value, Quality of growth, social indicators, standard deviation, Sub-Saharan Africa, WP
Source: IMF Working Paper "A Quality of Growth Index for Developing Countries: A Proposal" (2014), by Montfort Mlachila, Rene Tapsoba, Sampawende J Tapsoba.
Content in this bundle
- 1. Full Sample QGI-based Ranking