Sub-Saharan Africa has grown at record figures since the mid-1990s, generating optimism that the continent has finally turned the corner on the path to sustained growth. But growth has been largely driven by high international demand for commodities in general, and hydrocarbons and other...

Using the most recent purchasing power parity data for 44 sub-Saharan African countries, this paper examines the characteristics of long run growth in Africa between 1975 and 2005. We investigate the following issues: cross-country income structure, income convergence, the country level...

For a growing number of countries in Africa the discovery and exploitation of natural resources is a great opportunity, but one accompanied by considerable risks. This book presents research on how to better manage the revenues and opportunities associated with natural resources.

Has Africa finally reached the path to sustained growth? We find that much of the improvement in economic performance in Africa after 1995 is attributable to a substantial reduction in the frequency and severity of growth declines in all economies and an increase in growth accelerations in...