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The Implications of South African Economic Growth for the Rest of Africa

Author/Editor: Arora, Vivek B. | Vamvakidis, Athanasios
Authorized for Distribution: March 1, 2005
Electronic Access: Free Full Text (PDF file size is 435KB)
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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: This paper measures the extent to which South African economic growth is an engine of growth in sub-Saharan Africa. Results based on panel data estimation for 47 African countries over four decades suggest that South African growth has a substantial positive impact on growth in the rest of Africa, even after controlling for other growth determinants. The estimates are robust to the effects of global and regional shocks, changes in model specification, and sample period.
 
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Series: Working Paper No. 05/58
Subject(s): Economic growth | Sub-Saharan Africa | Stabilization programs | Trade | Economic models
Author's keyword(s): Economic growth | economic integration | Africa
 
English  
    Published:   March 1, 2005        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2005058   Pages:   23
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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