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Sources of Growth in Sub-Saharan Africa

Author/Editor: Akitoby, Bernardin | Ghura, Dhaneshwar | Tahari, Amor | Aka, Emmanuel Brou
Authorized for Distribution: September 1, 2004
Electronic Access: Free Full Text (PDF file size is 310KB)
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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: Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The recent pickup in economic growth was accompanied by an increase in TFP growth, namely in the group of countries whose IMF-supported programs were judged to be on track. Average annual growth in the region, at 3½ percent during 1997-2002, is less than half of the estimated growth needed to halve the fraction of population living below $1 per day between 1990 and 2015, one of the Millennium Development Goals.
 
Series: Working Paper No. 04/176
Subject(s): Economic growth | Sub-Saharan Africa
Author's keyword(s): Sub-Saharan Africa | growth accounting | growth prospects
 
English  
    Published:   September 1, 2004        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1762004   Pages:   30
    Price:   US$15.00
       
     
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