{
  "title": "A Governance Dividend for Sub-Saharan Africa?",
  "publication": "IMF Working Papers, January 11, 2019",
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  "summary": "Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption.\n- Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives.\n- The paper estimates that strengthening governance and mitigating corruption in the region could be associated with large growth dividends in the long run.\n- Moving the average SSA country governance level to the global average could increase the region’s GDP per capita growth by about 1-2 percentage points."
    },
    {
      "heading": "Key findings and projections",
      "content": "- Strengthening governance and reducing corruption in SSA is associated with potentially large long-run growth dividends.\n- Quantified projection: moving the average SSA country governance level to the global average could increase GDP per capita growth by about 1-2 percentage points."
    },
    {
      "heading": "Mechanisms linking governance to growth",
      "content": "- Weak governance affects economic performance via deficiencies in government functions.\n- Weak governance distorts economic incentives, which undermines investment and productivity."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Improving governance and mitigating corruption should be priorities for SSA countries seeking to strengthen long-run economic performance.\n- Achieving the projected growth dividends would require considerable time and effort to raise governance levels to the global average.\n\nIMF Working Paper No. 2019/001\n\n---\n\n Content in this bundle\n\n- A Governance Dividend for Sub-Saharan Africa?, WP/19/1, January 2019\n  - A Governance Dividend for Sub-Saharan Africa?, WP/19/1, January 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - A Governance Dividend for Sub-Saharan Africa?, WP/19/1, January 2019 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2019/01/11/a-governance-dividend-for-sub-saharan-africa-45871"
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    "Authors: Amine Hammadi, Marshall Mills, Nelson Sobrinho, Vimal V Thakoor, Ricardo Velloso",
    "Published: January 11, 2019",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781484354872.001",
    "Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption.",
    "Weak governance undermines economic performance through various channels, including deficiencies in government functions and distortions to economic incentives.",
    "The paper estimates that strengthening governance and mitigating corruption in the region could be associated with large growth dividends in the long run.",
    "Moving the average SSA country governance level to the global average could increase the region’s GDP per capita growth by about 1-2 percentage points.",
    "Strengthening governance and reducing corruption in SSA is associated with potentially large long-run growth dividends.",
    "Quantified projection: moving the average SSA country governance level to the global average could increase GDP per capita growth by about 1-2 percentage points.",
    "Weak governance affects economic performance via deficiencies in government functions.",
    "Weak governance distorts economic incentives, which undermines investment and productivity.",
    "Improving governance and mitigating corruption should be priorities for SSA countries seeking to strengthen long-run economic performance.",
    "Achieving the projected growth dividends would require considerable time and effort to raise governance levels to the global average.",
    "**A Governance Dividend for Sub-Saharan Africa?, WP/19/1, January 2019**"
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