Sustaining Growth Accelerations and Pro-Poor Growth in Africa

By Sanjeev Gupta, Catherine A Pattillo, Kevin J Carey

October 1, 2005

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Sanjeev Gupta, Catherine A Pattillo, and Kevin J Carey. Sustaining Growth Accelerations and Pro-Poor Growth in Africa, (USA: International Monetary Fund, 2005) 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

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.

Subject: Economic growth, Inclusive growth, Income inequality, National accounts, Poverty, Poverty reduction, Poverty reduction and development

Keywords: Africa, CFA franc, Countries in SSA, Country case studies, Developing country, Exchange rate, Global, Growth, Growth accelerations, Growth regression, Growth-poverty-inequality nexus, Inclusive growth, Income inequality, Oil-producing country, Per capita income, Poverty elasticity, Poverty reduction, Poverty reduction and development, Pro-poor growth, Rate of growth, Real GDP, South Asia, SSA benchmark, SSA country, SSA government, SSA growth prospect, Sub-Saharan Africa, Terms of trade, WP

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/195
Stock No:

WPIEA2005195
ISBN:

9781451862140
ISSN:

1018-5941

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