Sustaining Growth Accelerations and Pro-Poor Growth in Africa

68 Pages Posted: 3 Mar 2006

See all articles by Catherine A. Pattillo

Catherine A. Pattillo

International Monetary Fund (IMF) - Research Division

Sanjeev Gupta

International Monetary Fund (IMF) - Fiscal Affairs Department

Date Written: October 2005

Abstract

Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post-1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.

Keywords: Africa, growth, growth accelerations, pro-poor growth

JEL Classification: O11, O40, O47, O55, I32, F43

Suggested Citation

Pattillo, Catherine and Gupta, Sanjeev, Sustaining Growth Accelerations and Pro-Poor Growth in Africa (October 2005). IMF Working Paper No. 05/195, Available at SSRN: https://ssrn.com/abstract=888064

Catherine Pattillo (Contact Author)

International Monetary Fund (IMF) - Research Division ( email )

700 19th Street NW
Washington, DC 20431
United States

Sanjeev Gupta

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

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

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