Can PRGF Policy Levers Improve Institutions and Lead to Sustained Growth?

Prepared by the Research Department In consultation with Other Departments

August 8, 2005

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Contents

1. Introduction
2. Institutions and Growth
3. Sustained Growth Episodes
4. Possible Implications for PRGF Program Design
5. Conclusions
6. References

Tables

1. Countries in Sample by Categories
2. Current Indicators for sub-Saharan African Countries with Strong Recent Performance

Figures

1a. Growth and Initial Political Institutions
1b. Growth and Initial Income Level
1c. Growth and Its Duration Since Start
2a. Growth and Change in Manufacturing Exports
2b. Growth and Change in Manufacturing Exports During Rapid Growth
3a. Growth and Trade Liberalization
3b. Growth and Overvaluation of Exchange Rate
4a. Growth and Government Consumption
4b. Growth and Fiscal Position 4c. Growth and Nominal Instability
5a. Growth and Initial Primary Education
5b. Growth and Initial Secondary Education
5c. Growth and Initial Inequality in Income
6a. Growth and Economic Institutions
6b. Growth and Change in Economic Institutions
6c. Growth and Change in Political Institutions Data and Sources