How Fragile Is Africa's Recent Growth?

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 mineral-r...

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Main Authors:	Arbache, Jorge Saba, Page, John
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Exhaustible Resources and Economic Development Q320
Online Access:	http://hdl.handle.net/10986/4649

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spelling	okr-10986-46492021-04-23T14:02:19Z How Fragile Is Africa's Recent Growth? Arbache, Jorge Saba Page, John Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Exhaustible Resources and Economic Development Q320 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 mineral-rich economies. We find, however, that growth accelerations have not been generally accompanied by improvements in variables often correlated with long run growth, such as investment. We also fail to find evidence that substantial policy and governance improvements were associated with the post-1995 accelerations. We conclude that Africa's growth recovery remains fragile. 2012-03-30T07:29:02Z 2012-03-30T07:29:02Z 2010 Journal Article Journal of African Economies 09638024 http://hdl.handle.net/10986/4649 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Exhaustible Resources and Economic Development Q320
spellingShingle	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Exhaustible Resources and Economic Development Q320 Arbache, Jorge Saba Page, John How Fragile Is Africa's Recent Growth?
geographic_facet	Africa
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	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 mineral-rich economies. We find, however, that growth accelerations have not been generally accompanied by improvements in variables often correlated with long run growth, such as investment. We also fail to find evidence that substantial policy and governance improvements were associated with the post-1995 accelerations. We conclude that Africa's growth recovery remains fragile.
format	Journal Article
author	Arbache, Jorge Saba Page, John
author_facet	Arbache, Jorge Saba Page, John
author_sort	Arbache, Jorge Saba
title	How Fragile Is Africa's Recent Growth?
title_short	How Fragile Is Africa's Recent Growth?
title_full	How Fragile Is Africa's Recent Growth?
title_fullStr	How Fragile Is Africa's Recent Growth?
title_full_unstemmed	How Fragile Is Africa's Recent Growth?
title_sort	how fragile is africa's recent growth?
publishDate	2012
url	http://hdl.handle.net/10986/4649
_version_	1764392253099343872

How Fragile Is Africa's Recent Growth?

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