How Solid Is Economic Growth in the East African Community?

By Nikoloz Gigineishvili, Paolo Mauro, Ke Wang

August 12, 2014

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Nikoloz Gigineishvili, Paolo Mauro, and Ke Wang. How Solid Is Economic Growth in the East African Community?, (USA: International Monetary Fund, 2014) accessed October 19, 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

Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors—bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.

Subject: Agricultural sector, Economic growth, Economic sectors, Exports, International trade, Structural transformation, Transportation

Keywords: Agricultural sector, Burundi, EAC countries' economic growth performance, EAC economy, Economic growth, Export, Export product diversification, Export structure, Exports, Exports product, Global, Goods export category, Growth rate, Kenya, Product, Rwanda, Structural transformation, Sub-Saharan Africa, Tanzania, Top ten export destination, Uganda, WP

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2014/150
Stock No:

WPIEA2014150
ISBN:

9781498374941
ISSN:

1018-5941

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