Adjustment and Growth in Sub-Saharan Africa

35 Pages Posted: 12 Feb 2006

See all articles by Evangelos Calamitsis

Evangelos Calamitsis

affiliation not provided to SSRN

Anupam Basu

International Monetary Fund (IMF) - African Department

Dhaneshwar Ghura

International Monetary Fund (IMF)

Date Written: April 1999

Abstract

This paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981-97. The results indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private investment to GDP, promote human capital development, lower the ratio of the budget deficit to GDP, safeguard external competitiveness, and stimulate export volume growth. The favorable evolution of these variables played an important role in the region`s apparent postreform recovery of 1995-97. The paper also discusses a policy framework to promote sustainable economic growth and reduce poverty in sub-Saharan Africa.

JEL Classification: O11, O40, O55, C23

Suggested Citation

Calamitsis, Evangelos and Basu, Anupam and Ghura, Dhaneshwar, Adjustment and Growth in Sub-Saharan Africa (April 1999). IMF Working Paper No. 99/51, Available at SSRN: https://ssrn.com/abstract=880578

Evangelos Calamitsis

affiliation not provided to SSRN ( email )

No Address Available

Anupam Basu (Contact Author)

International Monetary Fund (IMF) - African Department ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Dhaneshwar Ghura

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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