Sub-Saharan Africa's Recent Growth Spurt: An Analysis of the Sources of Growth
Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is mere...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2014
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is merely temporary or the beginning of a sustainable takeoff. This paper examines the sources of growth of 32 countries in Sub-Saharan Africa in a growth accounting framework. The findings suggest that the recent growth spurt is largely associated with an increase in the share of working-age population, capital accumulation, and total factor productivity, unlike previous periods. Resources play a role by attracting capital inflows, particularly from foreign direct investment and shifting labor away from agriculture. However, the growth prospects for Sub-Saharan Africa seem promising beyond resources, with steady progress in decreased fertility, increased foreign direct investment, political stability, and structural transformation |
| Beschreibung: | 1 Online-Ressource (42 p) |
| DOI: | 10.1596/1813-9450-6862 |
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| 520 | |a Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is merely temporary or the beginning of a sustainable takeoff. This paper examines the sources of growth of 32 countries in Sub-Saharan Africa in a growth accounting framework. The findings suggest that the recent growth spurt is largely associated with an increase in the share of working-age population, capital accumulation, and total factor productivity, unlike previous periods. Resources play a role by attracting capital inflows, particularly from foreign direct investment and shifting labor away from agriculture. However, the growth prospects for Sub-Saharan Africa seem promising beyond resources, with steady progress in decreased fertility, increased foreign direct investment, political stability, and structural transformation | ||
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| indexdate | 2025-02-20T07:19:12Z |
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| spellingShingle | Cho, Yoonyoung Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth |
| title | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth |
| title_auth | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth |
| title_exact_search | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth |
| title_exact_search_txtP | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth |
| title_full | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth Cho, Yoonyoung |
| title_fullStr | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth Cho, Yoonyoung |
| title_full_unstemmed | Sub-Saharan Africa's Recent Growth Spurt An Analysis of the Sources of Growth Cho, Yoonyoung |
| title_short | Sub-Saharan Africa's Recent Growth Spurt |
| title_sort | sub saharan africa s recent growth spurt an analysis of the sources of growth |
| title_sub | An Analysis of the Sources of Growth |
| url | https://doi.org/10.1596/1813-9450-6862 |
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