Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model

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dc.creatorDiao, Xinshen
dc.creatorMcMillan, Margaret S.
dc.date2014
dc.date2024-08-01T02:52:02Z
dc.date2024-08-01T02:52:02Z
dc.date.accessioned2026-06-27T15:05:35Z
dc.descriptionAfrica’s recent economic growth is at a historical high, the patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of structural transformation, a heated debate has begun over the sustainability of Africa’s growth. In our view, Africa’s recent growth is still not well understood and thus it is difficult to say much that is meaningful about future prospects for growth on the continent. Against this background, we adapt Lewis’s (1954) dual-economy model to the economies of Africa to better understand the role that the “in-between” sector as defined by Lewis (1979) has played in Africa’s recent growth. Our framework incorporates the coexistence of a closed and an open modern economy and takes into account the diversity and heterogeneity of the activities that characterize modern African economies.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/150482
dc.identifier.urihttp://hdl.handle.net/123456789/94298
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://hdl.handle.net/10568/150433
dc.relationhttps://hdl.handle.net/10568/151474
dc.relationhttps://hdl.handle.net/10568/150419
dc.rightsOpen Access
dc.sourceDiao, Xinshen and McMillan, Margaret S. 2014. Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model. IFPRI Discussion Paper 1380. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/150482
dc.subjectstructural adjustment
dc.subjecteconomic growth
dc.subjectmathematical models
dc.subjecteconomic development
dc.subjecteconometric models
dc.titleTowards understanding economic growth in Africa: A reinterpretation of the Lewis Model
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)