More Growth or Fewer Collapses? A New Look at Long Run Growth in Sub-Saharan Africa

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dc.creatorArbache, Jorge Saba
dc.creatorPage, John
dc.date2012-06-08T15:51:51Z
dc.date2012-06-08T15:51:51Z
dc.date2007-11
dc.date.accessioned2026-07-01T01:24:05Z
dc.descriptionLow and highly volatile growth define Africa's growth experience. But there is no evidence that growth volatility is associated to long term economic performance. This result may be misleading if it suggests that volatility is not important for economic and social progress. In this paper we use a variant of the method developed by Hausmann, Pritchett, and Rodrik (2005) to identify both growth acceleration and deceleration episodes in Africa between 1975 and 2005. The authors find that Africa has had numerous growth acceleration episodes in the last 30 years, but also nearly a comparable number of growth collapses, offsetting most of the benefits of growth. Had Africa avoided its growth collapses, it would have grown 1.7 percent a year instead of 0.7 percent, and its GDP per capita would have been more than 30 percent higher in 2005. The authors also find that growth accelerations and decelerations have an asymmetric impact on human development outcomes. Finally, our results suggest that it is easier to identify the likely institutional and policy origins of growth decelerations than of growth accelerations.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8665641/more-growth-or-fewer-collapses-new-look-long-run-growth-sub-saharan-africa
dc.identifierhttps://hdl.handle.net/10986/7533
dc.identifierhttps://doi.org/10.1596/1813-9450-4384
dc.identifier.urihttp://hdl.handle.net/123456789/417749
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 4384
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectACTUAL GROWTH
dc.subjectAGGREGATE LEVEL
dc.subjectAMERICAN ECONOMIC REVIEW
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE GROWTH RATES
dc.subjectAVERAGE INCOME
dc.subjectCAPITA INCOME GROWTH
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORRELATION ANALYSIS
dc.subjectCORRELATION COEFFICIENT
dc.subjectCORRELATION COEFFICIENTS
dc.subjectCORRUPTION
dc.subjectCOUNTRY DATA
dc.subjectCOUNTRY LEVEL
dc.subjectCROSS COUNTRY
dc.subjectCROSS COUNTRY EVIDENCE
dc.subjectDEPENDENT VARIABLE
dc.subjectDETERMINANTS OF GROWTH
dc.subjectDEVELOPING REGIONS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDIRECT INVESTMENT
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC CONTRACTIONS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORMS
dc.subjectEFFECTS OF VOLATILITY
dc.subjectEMPIRICAL STUDIES
dc.subjectESTIMATED COEFFICIENTS
dc.subjectEXCHANGE RATE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE INDICATOR
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT CONSUMPTION
dc.subjectGOVERNMENT EFFECTIVENESS
dc.subjectGROWTH ACCELERATIONS
dc.subjectGROWTH PATH
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH SUCCESSES
dc.subjectGROWTH VOLATILITY
dc.subjectHEALTH OUTCOMES
dc.subjectHIGH GROWTH
dc.subjectHIGH INFLATION
dc.subjectHIGHER VOLATILITY
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME GROWTH
dc.subjectINCOME PER CAPITA
dc.subjectINFANT MORTALITY
dc.subjectINSTITUTIONAL PERFORMANCE
dc.subjectINSTITUTIONAL VARIABLES
dc.subjectINTERNATIONAL MONETARY FUND
dc.subjectLINK BETWEEN VOLATILITY
dc.subjectLONG RUN
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMEDIUM TERM
dc.subjectMEDIUM TERM GROWTH
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATURAL RESOURCES
dc.subjectOIL EXPORTERS
dc.subjectOVERALL RATE OF GROWTH
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL CONDITIONS
dc.subjectPOLITICAL STABILITY
dc.subjectPOOR GOVERNANCE
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY REDUCTION STRATEGY
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC POLICY
dc.subjectPURCHASING POWER
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectREAL EFFECTIVE EXCHANGE RATE
dc.subjectREGULATORY QUALITY
dc.subjectRICH COUNTRIES
dc.subjectRULE OF LAW
dc.subjectSHARP REDUCTION
dc.subjectSOCIAL OUTCOMES
dc.subjectSOCIAL VARIABLES
dc.subjectSTAGNATION
dc.subjectSTRUCTURAL BREAK
dc.subjectSTRUCTURAL POLICIES
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUSTAINABLE GROWTH
dc.subjectTHE GAMBIA
dc.subjectUNDER 5 MORTALITY
dc.titleMore Growth or Fewer Collapses? A New Look at Long Run Growth in Sub-Saharan Africa

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