How Solid is Economic Growth in the East African Community?

24 Pages Posted: 4 Sep 2014

See all articles by Nikoloz Gigineishvili

Nikoloz Gigineishvili

International Monetary Fund (IMF)

Paolo Mauro

International Monetary Fund (IMF)

Ke Wang

International Monetary Fund (IMF)

Date Written: August 2014

Abstract

Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors - bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.

Keywords: Economic growth, East Africa, Production, Exports, Regional economics, Cross country analysis, Structural transformation, Burundi, Kenya, Rwanda, Tanzania, Uganda., total exports, export products, growth rate, growth rates, gdp growth, exporter, exports of goods, export value, real gdp, export product, economic growth performance, quantity of exports, export quality, international markets, export diversification, rapid economic growth, quality of exports, export structure, economic growth rates, export data, gdp growth rates, diversification of export, value of exports, gdp growth rate, goods export, export revenues, per capita incomes, export basket, products export, share of exports, expor

JEL Classification: O11, O14

Suggested Citation

Gigineishvili, Nikoloz and Mauro, Paolo and Wang, Ke, How Solid is Economic Growth in the East African Community? (August 2014). IMF Working Paper No. 14/150, Available at SSRN: https://ssrn.com/abstract=2491601

Nikoloz Gigineishvili (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Paolo Mauro

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Ke Wang

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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