More Growth Or Fewer Collapses a New Look at Long Run Growth in Sub saharan Africa is popular PDF and ePub book, written by Jorge Saba Arbache in 2012, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, More Growth Or Fewer Collapses a New Look at Long Run Growth in Sub saharan Africa can be Read Online from any device for your convenience.
More Growth Or Fewer Collapses a New Look at Long Run Growth in Sub saharan Africa Book PDF Summary
Low and highly volatile growth define Africa's growth experience. But there is no evidence that growth volatility is associated to long term economic performance. This result may be misleading if it suggests that volatility is not important for economic and social progress. In this paper we use a variant of the method developed by Hausmann, Pritchett, and Rodrik (2005) to identify both growth acceleration and deceleration episodes in Africa between 1975 and 2005. The authors find that Africa has had numerous growth acceleration episodes in the last 30 years, but also nearly a comparable number of growth collapses, offsetting most of the benefits of growth. Had Africa avoided its growth collapses, it would have grown 1.7 percent a year instead of 0.7 percent, and its GDP per capita would have been more than 30 percent higher in 2005. The authors also find that growth accelerations and decelerations have an asymmetric impact on human development outcomes. Finally, our results suggest that it is easier to identify the likely institutional and policy origins of growth decelerations than of growth accelerations.
Detail Book of More Growth Or Fewer Collapses a New Look at Long Run Growth in Sub saharan Africa PDF
- Author : Jorge Saba Arbache
- Release : 30 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Uncategoriezed
- Total Page : 29 pages
- Language : English
- PDF File Size : 18,8 Mb
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