How Can Burundi Raise its Growth Rate? the Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance
January 1, 2009
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Summary
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions explain a large part of the weak growth performance for the last thirty years.
Subject: Agricultural commodities, Capital accumulation, Commodities, Depreciation, Financial institutions, Income, National accounts, Stocks
Keywords: accumulation function, Agricultural commodities, Burundi, Burundi ICOR, Burundi's economy, Capital accumulation, Capital Stock, Depreciation, depreciation rate, Growth, growth performance, growth prospect, Income, Investment, investment inefficiency, Kalman Filter, Stocks, Sub-Saharan Africa, WP
Pages:
20
Volume:
2009
DOI:
Issue:
011
Series:
Working Paper No. 2009/011
Stock No:
WPIEA2009011
ISBN:
9781451871586
ISSN:
1018-5941
