Achieving Accelerated and Shared Growth in Ghana : A MAMS-Based Analysis of Costs and Opportunities
This paper relies on the recently developed Maquette for Millennium Development Goals Simulations (MAMS) model to assess the consistency of alternative scaling-up and policy packages for growth and achievement of the Millennium Development Goals in...
| Main Authors: | , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9021834/achieving-accelerated-shared-growth-ghana-mams-based-analysis-costs-opportunities http://hdl.handle.net/10986/6396 |
| Summary: | This paper relies on the recently
developed Maquette for Millennium Development Goals
Simulations (MAMS) model to assess the consistency of
alternative scaling-up and policy packages for growth and
achievement of the Millennium Development Goals in Ghana. In
the baseline scenario, Ghana's strong near and
medium-term growth outlook puts it in a good position to
achieve the poverty Millennium Development Goal ahead of
schedule, but other goals are likely to remain elusive
before 2015. In the accelerated growth scenario-which
addresses the major gaps in water and sanitation and other
infrastructure-even more rapid growth and poverty reduction
are possible, but important targets in the areas of
education, health, and environment remain unattainable.
Although growth is complementary to achievement of the
Millennium Development Goals, the authors also find
important growth-human development trade-offs in the near
term. The estimates show that the resource requirements for
achieving the key Millennium Development Goals by 2015 are
large, reaching US$82 per capita in an illustrative
foreign-grant financed scenario. Increased intake and
retention of students contribute to rising scarcity of
unskilled labor, buttressing unskilled wages, while high
demand for skills from the sectors related to the Millennium
Development Goals raises the returns to human capital. These
developments lead to improvements in the welfare of the
poorest members of Ghanaian society and contribute to a
small reduction in overall inequality. |
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