The East African Community: prospects for sustained growth
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
2012
|
| Schriftenreihe: | IMF working paper
WP/12/272 |
| Schlagworte: | |
| Online-Zugang: | FLA01 |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Nov. 26, 2012). - "African Department"--Page 2 of pdf. - "November 2012"--Page 2 of pdf |
| Beschreibung: | 1 online resource (55 pages) color illustrations |
| ISBN: | 1475553579 9781475553574 9781475586312 1475586310 |
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| 245 | 1 | 0 | |a The East African Community |b prospects for sustained growth |c Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Nov. 26, 2012). - "African Department"--Page 2 of pdf. - "November 2012"--Page 2 of pdf | ||
| 505 | 8 | |a "The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade -- the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries -- macroeconomic and government stability, favorable business climate, and strong institutions -- but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out"--Abstract | |
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| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Poverty |2 fast | |
| 650 | 4 | |a Economic development |z Africa, East |a Poverty |z Africa, East | |
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| 700 | 1 | |a Yaraba, Masafumi |e Sonstige |4 oth | |
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Datensatz im Suchindex
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| author | McAuliffe, Catherine |
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| building | Verbundindex |
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| contents | "The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade -- the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries -- macroeconomic and government stability, favorable business climate, and strong institutions -- but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out"--Abstract |
| ctrlnum | (ZDB-4-EBU)ocn819351905 (OCoLC)819351905 (DE-599)BVBBV045356422 |
| dewey-full | 337.1676 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 337 - International economics |
| dewey-raw | 337.1676 |
| dewey-search | 337.1676 |
| dewey-sort | 3337.1676 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV045356422 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T08:15:51Z |
| institution | BVB |
| isbn | 1475553579 9781475553574 9781475586312 1475586310 |
| language | English |
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| spelling | McAuliffe, Catherine Verfasser aut The East African Community prospects for sustained growth Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara [Washington, D.C.] International Monetary Fund 2012 1 online resource (55 pages) color illustrations txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/272 Title from PDF title page (IMF Web site, viewed Nov. 26, 2012). - "African Department"--Page 2 of pdf. - "November 2012"--Page 2 of pdf "The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade -- the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries -- macroeconomic and government stability, favorable business climate, and strong institutions -- but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out"--Abstract East African Community fast East African Community BUSINESS & ECONOMICS / International / Economics bisacsh BUSINESS & ECONOMICS / International / General bisacsh Economic development fast Economic history fast Poverty fast Economic development Africa, East Poverty Africa, East Saxena, Sweta Chaman Sonstige oth Yaraba, Masafumi Sonstige oth International Monetary Fund Sonstige oth |
| spellingShingle | McAuliffe, Catherine The East African Community prospects for sustained growth "The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade -- the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries -- macroeconomic and government stability, favorable business climate, and strong institutions -- but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out"--Abstract East African Community fast East African Community BUSINESS & ECONOMICS / International / Economics bisacsh BUSINESS & ECONOMICS / International / General bisacsh Economic development fast Economic history fast Poverty fast Economic development Africa, East Poverty Africa, East |
| title | The East African Community prospects for sustained growth |
| title_auth | The East African Community prospects for sustained growth |
| title_exact_search | The East African Community prospects for sustained growth |
| title_full | The East African Community prospects for sustained growth Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara |
| title_fullStr | The East African Community prospects for sustained growth Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara |
| title_full_unstemmed | The East African Community prospects for sustained growth Catherine McAuliffe, Sweta C. Saxena, and Masafumi Yabara |
| title_short | The East African Community |
| title_sort | the east african community prospects for sustained growth |
| title_sub | prospects for sustained growth |
| topic | East African Community fast East African Community BUSINESS & ECONOMICS / International / Economics bisacsh BUSINESS & ECONOMICS / International / General bisacsh Economic development fast Economic history fast Poverty fast Economic development Africa, East Poverty Africa, East |
| topic_facet | East African Community BUSINESS & ECONOMICS / International / Economics BUSINESS & ECONOMICS / International / General Economic development Economic history Poverty Economic development Africa, East Poverty Africa, East |
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