How Solid Is Economic Growth in the East African Community?
Electronic Access:
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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.
Series:
Working Paper No. 2014/150
Subject:
Agricultural sector Economic growth Economic sectors Exports International trade Structural transformation Transportation
English
Publication Date:
August 12, 2014
ISBN/ISSN:
9781498374941/1018-5941
Stock No:
WPIEA2014150
Pages:
23
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