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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/10010330121
This study traces the interactions between economic growth, income inequality and consumption poverty in a sample of African countries during the 1990s. It draws on the much-improved household data sets now available in the region. It finds that experiences have varied: some countries have seen...
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private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to …
Persistent link: https://www.econbiz.de/10014506409
Using a panel vector autoregressive model this paper investigates the dynamic and endogeneous contribution of tourism to output based on a sample of 40 African countries for the period 1990 - 2006. Results from the study confirm tourism to be an important ingredient of African development...
Persistent link: https://www.econbiz.de/10010280162
-country regressions covering 31 Sub-Saharan African countries suggest that growth in Africa is not simply a question of capital …
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understand the prospects for achieving poverty reduction in Africa. We examine the levels and trends in income distribution in …, Mozambique, and South Africa. We conclude that the balance between policies aimed at growth and measures aimed at redistribution …
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