How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these questions, taking the case of SSA countries. It develops and estimates a model that posits a nonlinear relationship between public investment and growth, to determine the...

How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these questions, taking the case of SSA countries. It develops and estimates a model that posits a nonlinear relationship between public investment and growth, to determine the...

Based on eleven themes, this paper synthesizes in-depth case studies that present historical accounts on the development .success. for a number of more economically advanced countries. The coverage includes Nordic countries (Denmark, Finland, Norway, and

Recent evidence from an exhaustive political economy study of growth of African economies.the growth project of the African Economic Research Consortium (AERC) suggests that .policy syndromes. have substantially contributed to the generally poor growth in

The present study employs recent World Bank data to shed light, in a global context, on the transformation of income and inequality changes to poverty reduction for a large number of countries in sub-Saharan Africa (SSA). The study begins by shedding light on SSA’s progress on poverty. Next,...

In the wake of the current financial and economic crises, the economies of Sub-Saharan Africa (SSA) find themselves squeezed between likely reductions in Official Development Assistance (ODA) and the pressing challenge to eradicate poverty. Public expenditure allocation to the social sector and...

Recent evidence from an exhaustive political-economy study of growth of African economise - the Growth Project of the African Economic Research Consortium (AERC) - suggests that 'policy syndromes' have substantially contributed to the generally poor growth in sub-Saharan Africa during...

How much does public capital matter for economic growth? How large should it be? This paper attempts to answer these questions, taking the case of SSA countries. It develops and estimates a model that posits a nonlinear relationship between public investment and growth, to determine the...

The current paper demonstrates a dochotomy of the growth response to changes in the barter terms of trade (TOT), employing as case studies the following two African countries: Botswana and Nigeria.  Using distributed-lag analysis, the paper finds that the effect of TOT on output is positive and...

The study presents recent global evidence on the transformation of economic growth to poverty reduction in developing countries, with emphasis on the role of income inequality.  The focus is on the period since the early-mid-1990s when growth in these countries as a group has been relatively...