Regional Spillovers in Sub Saharan Africa is popular PDF and ePub book, written by Francisco Arizala in 2018-08-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Regional Spillovers in Sub Saharan Africa can be Read Online from any device for your convenience.
Regional Spillovers in Sub Saharan Africa Book PDF Summary
After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015–16 as the largest economies experienced negative or flat growth. Regional growth started recovering in 2017, but the question remains of how trends in the economies stuck in low gear will spill over to the countries that have maintained robust growth. This note illuminates the discussion by identifying growth spillover channels. The focus is on trade, banking, financial, remittance, investment, fiscal, and security channels, which are the most prominent and most likely to transmit growth trends across borders. In addition to bringing together findings from a broad array of existing research, the note identifies countries that are the most likely sources of regional spillovers and those that are most likely to be impacted, and provides estimates for the size of these channels. It finds that intraregional trade and remittance flows are an important channel for growth spillovers, while banking channels are less important but will remain a risk going forward. Finally, the note documents other important spillover channels through financial markets contagion, revenue-sharing arrangements in fiscal unions, commodity-pricing policies, corporate investment, and forced migration. The main takeaway is that the level of interdependence among sub-Saharan countries is higher than is generally assumed. Consequently, there is a need for additional emphasis on regional surveillance and spillover analysis, along with traditional bilateral surveillance.
Detail Book of Regional Spillovers in Sub Saharan Africa PDF
- Author : Francisco Arizala
- Release : 01 August 2018
- Publisher : International Monetary Fund
- ISBN : 9781484367148
- Genre : Business & Economics
- Total Page : 49 pages
- Language : English
- PDF File Size : 7,6 Mb
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