Publication:
Cote d’Ivoire : From Success to Failure - A Story of Growth, Specialization, and the Terms of Trade

Simple item page
dc.contributor.authorBogetic, Zeljko
dc.contributor.authorNoer, John
dc.contributor.authorEspina, Carlos
dc.date.accessioned2012-06-11T15:36:45Z
dc.date.available2012-06-11T15:36:45Z
dc.date.issued2007-11
dc.description.abstractReal GDP per capita and capital stock in Cote d'Ivoire grew strongly from 1960 to 1979, but have declined ever since, for twenty-five years. As a result, the country has traveled a full circle from economic success to failure in little more than a generation. What are the long-term factors behind this dismal growth story? Are the Ivorian development problems mostly of recent origin? Or there are more fundamental, economic factors that explain its long term performance? Four principal conclusions are as follows: First, Cote d'Ivoire's long-term growth performance is not fully explained by temporary factors (e.g., CFA overvaluation or recent conflict). Longer term factors such as capital accumulation, productivity, and terms of trade are key to understanding the country's performance as is the policy of specialization in a single commodity--cocoa. Second, the long-term decline in per capita output started well before the currency overvaluation, and at a time of political stability, and is related to a major, secular deterioration in terms of trade that started after 1976. Third, total factor productivity estimates indicate that TFP per capita also grew until it hit a plateau in 1976-78, and then shrank thereafter, despite gains in human capital accumulation. Fourth, Cote d'Ivoire has pursued a policy of specialization in cocoa beans but this bet on a single commodity has ultimately failed. The strategy that brought prosperity during the 1970s resulted in a growth failure when cocoa prices began declining since 1976.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/11/8789097/cote-divoire-success-failure-story-growth-specialization-terms-trade
dc.identifier.doi10.1596/1813-9450-4414
dc.identifier.urihttps://hdl.handle.net/10986/7655
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4414
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectARREARS
dc.subjectAVERAGE ANNUAL GROWTH
dc.subjectAVERAGE GROWTH
dc.subjectBASE YEAR
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectCALCULATIONS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL COST
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL GOODS
dc.subjectCAPITAL GROWTH
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCK GROWTH
dc.subjectCAPITAL STOCKS
dc.subjectCAPITAL TIMES
dc.subjectCENTRAL BANK
dc.subjectCIVIL WAR
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXCHANGES
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONSTANT RETURNS
dc.subjectCONSTANT RETURNS TO SCALE
dc.subjectCONSUMER
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRIBUTION
dc.subjectCONTRIBUTIONS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDEMOGRAPHIC
dc.subjectDEPRECIATION
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT CENTER
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVERSIFICATION
dc.subjectDIVERSIFICATION STRATEGY
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC PRODUCTIVITY
dc.subjectECONOMIC SUCCESS
dc.subjectECONOMIC TRENDS
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectELASTICITY
dc.subjectENROLLMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED VALUE
dc.subjectEXPECTED VALUES
dc.subjectEXPORTS
dc.subjectFACTOR ACCUMULATION
dc.subjectFACTORS OF PRODUCTION
dc.subjectFARMERS
dc.subjectFUNCTIONAL FORM
dc.subjectFUNCTIONAL FORMS
dc.subjectFUTURES
dc.subjectGDP PER CAPITA
dc.subjectGENDER
dc.subjectGENDER EQUALITY
dc.subjectGENERAL POPULATION
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL MARKET
dc.subjectGNP
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATE OF OUTPUT
dc.subjectGROWTH RATES
dc.subjectHOUSEHOLDS
dc.subjectHUMAN CAPITAL
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINITIAL CAPITAL
dc.subjectINSTITUTIONAL INFRASTRUCTURE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL PRICES
dc.subjectINVENTORY
dc.subjectINVESTMENT EXPENSES
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE GROWTH
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLAND USE
dc.subjectLARGE COMPANIES
dc.subjectLIFE EXPECTANCY
dc.subjectLITERACY
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMARGINAL PRODUCT
dc.subjectMARKET PERFORMANCE
dc.subjectMARKET SHARE
dc.subjectMARKETING
dc.subjectMODEL OF GROWTH
dc.subjectNATIONAL INCOME
dc.subjectOVERVALUATION
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL CAPITAL
dc.subjectPOLITICAL STABILITY
dc.subjectPOVERTY RATE
dc.subjectPOVERTY RATES
dc.subjectPRICE DECLINES
dc.subjectPRICE ELASTICITY
dc.subjectPRICE LEVEL
dc.subjectPRICE LEVELS
dc.subjectPRIMARY EDUCATION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION INCREASES
dc.subjectPRODUCTION INPUTS
dc.subjectPRODUCTIVITY
dc.subjectPROSPERITY
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectRAPID POPULATION GROWTH
dc.subjectRATE OF GROWTH
dc.subjectRATE OF RETURN
dc.subjectRATES OF GROWTH
dc.subjectRE-INVESTMENT
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL GDP
dc.subjectREAL GROWTH RATES
dc.subjectRECEIPTS
dc.subjectREFUGEES
dc.subjectREGIONAL TRADE
dc.subjectREGRESSION ANALYSIS
dc.subjectSHARE OF OUTPUT
dc.subjectSHARE OF WORLD OUTPUT
dc.subjectSOCIAL CONSEQUENCES
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUNK COSTS
dc.subjectTECHNOLOGICAL PROGRESS
dc.subjectTFP
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY ANALYSIS
dc.subjectTOTAL OUTPUT
dc.subjectUNEMPLOYMENT
dc.subjectUNION
dc.subjectURBAN AREAS
dc.subjectURBAN POPULATION
dc.subjectURBANIZATION
dc.subjectVALUE ADDED
dc.subjectVALUE OF OUTPUT
dc.subjectVOLATILITY
dc.subjectWAGE
dc.subjectWORK FORCE
dc.subjectWORLD ECONOMY
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.titleCote d’Ivoire : From Success to Failure - A Story of Growth, Specialization, and the Terms of Tradeen
dspace.entity.typePublication
okr.crossref.titleCote d'Ivoire : From Success To Failure A Story Of Growth, Specialization, And The Terms Of Trade
okr.date.doiregistration2025-04-10T10:42:59.577069Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/11/8789097/cote-divoire-success-failure-story-growth-specialization-terms-trade
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid685621468246573905
okr.identifier.doi10.1596/1813-9450-4414
okr.identifier.externaldocumentum000158349_20071128102713
okr.identifier.internaldocumentum8789097
okr.identifier.reportWPS4414
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/11/28/000158349_20071128102713/Rendered/PDF/wps4414.pdfen
okr.region.administrativeAfrica
okr.region.countryCote d'Ivoire
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
wps4414.pdf
Size:
751.09 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
wps4414.txt
Size:
145.03 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers