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Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and … sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 … and 2005 the size, diversity and sophistication of industry in Africa have all declined. An industrialization strategy …
Persistent link: https://www.econbiz.de/10009269834
To continue its economic growth and create new and better livelihoods, Africa must transform the productive side of its …, but also new risks as Africa's integration with the global economy evolves. Climate change is impacting productive sectors …
Persistent link: https://www.econbiz.de/10010225330
that Kenya, as the ninth largest economy in Africa and the fourth largest in sub-Saharan Africa and with a locational …
Persistent link: https://www.econbiz.de/10011411141
-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital … ; absorptive capacity ; technology ; Africa …
Persistent link: https://www.econbiz.de/10008908332
. -- tourism ; economic growth ; Africa ; panel vector autoregression …
Persistent link: https://www.econbiz.de/10009153221
Controversy over the aggregate impact of foreign aid has focused on reduced form estimates of the aid-growth link. The causal chain, through which aid affects developmental outcomes including growth, has received much less attention. We address this gap by: (i) specifying a structural model of...
Persistent link: https://www.econbiz.de/10009260998
Africa has come a long way since the economic turmoil of the 1980s, the decade of "structural adjustment". Growth has … of diversification in Africa's economies-in contrast to Asia's success stories. Structural adjustment did not change the … manufacturing and service clusters, Africa is yet to follow East Asia in integrating with the global economy in ways that add value …
Persistent link: https://www.econbiz.de/10011396968
This paper confirms recent evidence of a positive impact of aid on growth and widens the scope of evaluation to a range of outcomes including proximate sources of growth (e.g., physical and human capital), indicators of social welfare (e.g., poverty and infant mortality), and measures of...
Persistent link: https://www.econbiz.de/10009767897
poor growth in sub-Saharan Africa during post-independence. The current article employs the unique data and insights …
Persistent link: https://www.econbiz.de/10009690745
The aid-growth literature has been explored using a wide range of econometric methodologies. The evidence of the effectiveness of aid to promote economic growth is mixed, suggesting that the link between aid and growth is complex and may not be well identified by traditional methods. We take...
Persistent link: https://www.econbiz.de/10010230909