Sources of Growth in Sub-Saharan Africa

31 Pages Posted: 15 Feb 2006

See all articles by Amor Tahari

Amor Tahari

International Monetary Fund (IMF)

Bernardin Akitoby

International Monetary Fund (IMF) - Fiscal Affairs Department

Emmanuel Brou Aka

affiliation not provided to SSRN

Date Written: September 2004

Abstract

Analysis of 1960-2002 data shows that average real GDP growth in sub-Saharan Africa was low and decelerated continuously before starting to recover in the second part of the 1990s. Growth was driven primarily by factor accumulation with little role for total factor productivity (TFP) growth. The recent pickup in economic growth was accompanied by an increase in TFP growth, namely in the group of countries whose IMF-supported programs were judged to be on track. Average annual growth in the region, at 3½ percent during 1997-2002, is less than half of the estimated growth needed to halve the fraction of population living below $1 per day between 1990 and 2015, one of the Millennium Development Goals.

Keywords: Sub-Saharan Africa, Growth Accounting, Growth Prospects

JEL Classification: O55, O47

Suggested Citation

Tahari, Amor and Akitoby, Bernardin and Aka, Emmanuel Brou, Sources of Growth in Sub-Saharan Africa (September 2004). IMF Working Paper No. 04/176, Available at SSRN: https://ssrn.com/abstract=879001

Amor Tahari (Contact Author)

International Monetary Fund (IMF) ( email )

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

Bernardin Akitoby

International Monetary Fund (IMF) - Fiscal Affairs Department ( email )

700 19th Street, NW
Washington, DC 20431
United States

Emmanuel Brou Aka

affiliation not provided to SSRN

No Address Available

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