In this study, we analyse extended periods of growth in Africa based on panel estimations from 27 African countries during the 1960-1996 period. Only a dozen of such rapid growth episodes are observable in Africa since 1960, and several of them eventually came to an end. We use all existing...

Emerging Africa is based on the fundamental conviction that, unless growth resumes, poverty cannot be reduced in the least developed countries. This study analyses the factors underlying the renewed dynamism of certain African economies in the 1990s. Several countries are, indeed, trying to meet...

This paper analyses the impact of fiscal policy on private investment for a sample of thirty-three LDCs. The paper makes a number of important contributions to the existing empirical literature. Its main contribution is that it is the first attempt to analyse the existence of a non-linear...

This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment and economic growth on the other hand, using a new dataset for measuring financial liberalization for a sample of 25 developing economies over the period 1973-96. We find no...