Description: Patterns of Long Term Growth in Sub-Saharan Africa

Patterns of Long Term Growth in Sub-Saharan Africa

Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. The authors investigate the following issues: cross-country income...

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Bibliographic Details
Main Authors:	Arbache, Jorge Saba, Page, John
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABUNDANCE AGGREGATE DEMAND AGRICULTURE AMERICAN ECONOMIC REVIEW ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE ANNUAL AVERAGE GROWTH AVERAGE GROWTH RATE AVERAGE INCOME BENCHMARK BENCHMARKING BUDGET DEFICITS CAPITA GROWTH CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL INVESTMENT CAPITAL INVESTMENTS COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATES CONVERGENCE HYPOTHESIS CORRELATION COEFFICIENT CORRELATION COEFFICIENTS COUNTRY DATA COUNTRY DUMMIES COUNTRY GROWTH PERFORMANCE COUNTRY INDEX COUNTRY LEVEL COUNTRY VARIATION CROSS COUNTRY CROSS COUNTRY EVIDENCE CROSS-COUNTRY DATA CROSS-COUNTRY INCOME DATA SETS DEBT DEPENDENT VARIABLE DESCRIPTIVE STATISTICS DETERMINANTS OF GROWTH DEVELOPING COUNTRIES DEVELOPING REGIONS DEVELOPMENT ECONOMICS DEVELOPMENT INDICATORS DEVELOPMENT OUTCOMES DIVERSIFICATION ECONOMETRIC ISSUES ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DECLINE ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC INSTABILITY ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC POTENTIAL ECONOMIC SHOCKS ECONOMIC STAGNATION ECONOMIC TRENDS ECONOMICS RESEARCH EMPIRICAL EVIDENCE ERROR TERM ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS EXCHANGE RATES EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORT DIVERSIFICATION EXPORTS EXTERNAL FACTORS EXTERNAL SHOCKS EXTERNALITIES FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FIRST YEAR FISCAL POLICIES FLUCTUATIONS FOREIGN AID FOREIGN DEMAND FOREIGN TRADE GDP GDP PER CAPITA GLOBAL ECONOMY GROSS DOMESTIC PRODUCT GROWTH ACCELERATION GROWTH ACCELERATIONS GROWTH ACCOUNTING GROWTH DATA GROWTH EFFECT GROWTH MEAN GROWTH MEANS GROWTH MODEL GROWTH MODELS GROWTH PATTERN GROWTH PERFORMANCE GROWTH PERFORMERS GROWTH PERSISTENCE GROWTH PROCESS GROWTH RATES GROWTH REGRESSIONS GROWTH SPELLS GROWTH STANDARD DEVIATION GROWTH VOLATILITY HIGH GROWTH HIGH INCOME HIGH INFLATION HIGH VOLATILITY HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME CONVERGENCE INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCOME LEVELS INCOME PER CAPITA INCREASING INCOME INEQUALITY INDEPENDENT VARIABLE INDEPENDENT VARIABLES INDIVIDUAL COUNTRIES INFLATION INTERNAL FACTORS INTERNATIONAL MONETARY FUND LIFE EXPECTANCY LINK BETWEEN VOLATILITY LONG RUN LONG-RUN GROWTH LONG-TERM GROWTH MACROECONOMIC PERFORMANCE MACROECONOMIC POLICIES MACROECONOMIC VOLATILITY MEAN GROWTH MEAN INCOME MEASURES OF VOLATILITY MIDDLE CLASS MIDDLE EAST MIDDLE INCOME MIDDLE INCOME COUNTRIES MIDDLE-INCOME COUNTRIES MONETARY ECONOMICS NATIONAL INCOME NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE RELATIONSHIP NEW GROWTH LITERATURE NORTH AFRICA OIL EXPORTER OIL EXPORTERS OUTPUT GROWTH OVERVALUED EXCHANGE OVERVALUED EXCHANGE RATE PER CAPITA GROWTH PER CAPITA INCOME PER CAPITA INCOMES POLICY RESEARCH POLITICAL ECONOMY POOR COUNTRIES PRIVATE SECTOR PRODUCTIVITY CHANGE PRODUCTIVITY GROWTH PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE REGIONAL ECONOMY REMITTANCES RICH COUNTRIES SENSITIVITY ANALYSIS SIGNIFICANT DIFFERENCES SIGNIFICANT IMPLICATIONS SIGNIFICANT RELATIONSHIP SOCIAL CONFLICTS STAGNATION STANDARD DEVIATION STATE EQUILIBRIUM STRUCTURAL BREAK STRUCTURAL COUNTRY CHARACTERISTICS SUB-SAHARAN AFRICA TOTAL FACTOR PRODUCTIVITY TRADE POLICIES TRADE SHOCKS UNDERDEVELOPED COUNTRIES VALUE ADDED WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2007/11/8697434/patterns-long-term-growth-sub-saharan-africa http://hdl.handle.net/10986/7586

Description
Summary:	Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. The authors investigate the following issues: cross-country income structure, income convergence, the country level distribution of income, growth and income persistence, and formation of convergence clubs.

Patterns of Long Term Growth in Sub-Saharan Africa

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