{
  "title": "Growth in Africa Under Peace and Market Reforms",
  "publication": "IMF Working Papers, February 1, 2011",
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  "summary": "Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region’s ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports.",
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      "heading": "Executive summary",
      "content": "- Economic stagnation in Sub-Saharan Africa (SSA) has led some economists to question the region’s ability to attain sustained economic growth and to argue for shifting away from natural resource-based exports.\n- The paper finds that low growth has not been common to all SSA countries.\n- SSA countries that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, comparable to ASEAN-5 countries.\n- These high-growth SSA countries maintained their specialization in natural resource exports.\n- The analysis rejects the hypothesis of reverse causality: good growth performance did not simply allow countries to attain political stability or to liberalize their economies."
    },
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      "heading": "Key findings",
      "content": "- Political stability coupled with significant economic liberalization is associated with high growth in income per capita in a subset of SSA countries.\n- High growth occurred while maintaining specialization in natural resource exports.\n- The evidence rejects reverse causality from growth to political stability or liberalization."
    },
    {
      "heading": "Scope, subject, and keywords",
      "content": "- Subject: Commodities, Comparative advantage, Environment, Exports, International trade, National accounts, Natural resources, Personal income\n- Keywords: Africa, Comparative advantage, country, East Asia, Exports, growth, liberalization, liberalization program, natural resource, Natural resources, Personal income, South Asia, SSA country, SSA economy, state interventionism, structural adjustment, WP\n\n---\n\n Content in this bundle\n\n- wp1140\n  - wp1140 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1140 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/growth-in-africa-under-peace-and-market-reforms-24667"
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    "Authors: Olessia Korbut, Gonzalo Salinas, Cheikh A. Gueye",
    "Published: February 1, 2011",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781455217861.001",
    "Economic stagnation in Sub-Saharan Africa (SSA) has led some economists to question the region’s ability to attain sustained economic growth and to argue for shifting away from natural resource-based exports.",
    "The paper finds that low growth has not been common to all SSA countries.",
    "SSA countries that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, comparable to ASEAN-5 countries.",
    "These high-growth SSA countries maintained their specialization in natural resource exports.",
    "The analysis rejects the hypothesis of reverse causality: good growth performance did not simply allow countries to attain political stability or to liberalize their economies.",
    "Political stability coupled with significant economic liberalization is associated with high growth in income per capita in a subset of SSA countries.",
    "High growth occurred while maintaining specialization in natural resource exports.",
    "The evidence rejects reverse causality from growth to political stability or liberalization.",
    "Subject: Commodities, Comparative advantage, Environment, Exports, International trade, National accounts, Natural resources, Personal income",
    "Keywords: Africa, Comparative advantage, country, East Asia, Exports, growth, liberalization, liberalization program, natural resource, Natural resources, Personal income, South Asia, SSA country, SSA economy, state interventionism, structural adjustment, WP",
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