Publication:
Africa's Growth Turnaround: From Fewer Mistakes to Sustained Growth

Simple item page
dc.contributor.authorPage, John
dc.date.accessioned2017-08-28T16:00:20Z
dc.date.available2017-08-28T16:00:20Z
dc.date.issued2009
dc.description.abstractAfter stagnating for much of its postcolonial history, economic performance in Sub?Saharan Africa has markedly improved. Since 1995, average economic growth has been close to 5 percent per year. Has Africa finally turned the corner? This paper analyzes growth accelerations and decelerations-that is, country level deviations from long?run trend growth. Seen from this perspective, Africa's record of slow and volatile growth reflects a pattern of offsetting accelerations and declines, and much of the improvement in economic performance in Africa post 1995 turns out to be due to a substantial reduction in the frequency and severity of growth decelerations. The fall in economic declines since 1995 is largely due to better macroeconomic policies, but changes in such 'growth determinants' as investment, export diversification, and productivity have not accompanied the growth boom. Lack of change in these variables and the significant role played by natural resources in sparking growth accelerations suggest that Africa's growth recovery was fragile, even before the recent global economic crisis. The paper concludes by setting out four elements of a strategy that can help move Africa from fewer mistakes to sustained growth: managing natural resources better, pushing nontraditional exports, building the African private sector, and creating new skills.en
dc.identifierhttp://documents.worldbank.org/curated/en/974001468162254606/Africas-growth-turnaround-from-fewer-mistakes-to-sustained-growth
dc.identifier.doi10.1596/27998
dc.identifier.urihttps://hdl.handle.net/10986/27998
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesCommission on Growth and Development Working Paper;No. 54
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectABSOLUTE VALUE
dc.subjectACCOUNTABILITY
dc.subjectAGGREGATE LEVEL
dc.subjectAGRICULTURE
dc.subjectAUCTIONS
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE GROWTH RATE
dc.subjectAVERAGE INCOME
dc.subjectAVERAGE INCOMES
dc.subjectBARRIERS TO ENTRY
dc.subjectBUREAUCRACY
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL MARKETS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMMUNICATIONS TECHNOLOGY
dc.subjectCOMPETITION POLICY
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORRUPTION
dc.subjectCOUNTRY CASE
dc.subjectCOUNTRY COVERAGE
dc.subjectCOUNTRY DATA
dc.subjectCOUNTRY LEVEL
dc.subjectCRIME
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEPENDENT VARIABLE
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING REGIONS
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT PRACTITIONERS
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDIRECT INVESTMENT
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DECLINE
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMIES OF SCALE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL RESULTS
dc.subjectESTIMATED COEFFICIENTS
dc.subjectEXCESS DEMAND
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORT DIVERSIFICATION
dc.subjectEXPORT GROWTH
dc.subjectEXPORT PROMOTION
dc.subjectEXPORTS
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR REFORMS
dc.subjectFINANCIAL SYSTEMS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFIXED CAPITAL
dc.subjectFOOD PRICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFORMAL ECONOMY
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNANCE INDICATOR
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNMENT EFFECTIVENESS
dc.subjectGROWTH DETERMINANTS
dc.subjectGROWTH LITERATURE
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEALTH CARE
dc.subjectHIGH GROWTH
dc.subjectHIGH INFLATION
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME DATA
dc.subjectINCOME GROWTH
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVEL
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectINDUSTRIALIZED COUNTRIES
dc.subjectINEQUALITY
dc.subjectINFANT MORTALITY
dc.subjectINFLATION
dc.subjectINSTITUTIONAL PERFORMANCE
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTITUTIONAL VARIABLES
dc.subjectINSTITUTIONAL WEAKNESSES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL COMMUNITY
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT RATE
dc.subjectINVESTMENT RATES
dc.subjectJOB CREATION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLANDLOCKED COUNTRIES
dc.subjectLIFE EXPECTANCY
dc.subjectLONG-RUN GROWTH
dc.subjectLONGĀ­RUN
dc.subjectMACRO POLICY
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET REGULATION
dc.subjectMASSIVE INVESTMENTS
dc.subjectMEAN GROWTH
dc.subjectMULTILATERAL INSTITUTIONS
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL INCOME
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE IMPACT
dc.subjectOIL EXPORTERS
dc.subjectOUTPUT
dc.subjectOUTPUT RATIOS
dc.subjectPER CAPITA GROWTH
dc.subjectPER CAPITA INCOME
dc.subjectPERFORMANCE INDICATORS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY PERSPECTIVE
dc.subjectPOLICY REFORMS
dc.subjectPOLITICAL COMPETITION
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTITUTIONS
dc.subjectPOLITICAL LEADERS
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL SUPPORT
dc.subjectPOOR COUNTRIES
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE MOVEMENTS
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EMPLOYMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectPUBLIC WORKS
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectRATE OF GROWTH
dc.subjectREAL EXCHANGE RATE
dc.subjectREGULATORY QUALITY
dc.subjectREGULATORY REGIME
dc.subjectRICH COUNTRIES
dc.subjectRULE OF LAW
dc.subjectRURAL INFRASTRUCTURE
dc.subjectSAVINGS
dc.subjectSHARP REDUCTION
dc.subjectSMALL ENTERPRISES
dc.subjectSMALLHOLDER AGRICULTURE
dc.subjectSOCIAL OUTCOMES
dc.subjectSOCIAL VARIABLES
dc.subjectSTANDARD DEVIATION
dc.subjectSTATISTICAL ANALYSIS
dc.subjectSTRUCTURAL BREAK
dc.subjectSTRUCTURAL POLICIES
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONES
dc.subjectTOTAL COSTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE REFORMS
dc.subjectTRADE REGIME
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENCY INITIATIVE
dc.subjectUNEMPLOYMENT
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWTO
dc.subjectYOUTH
dc.titleAfrica's Growth Turnarounden
dc.title.subtitleFrom Fewer Mistakes to Sustained Growthen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.date.disclosure2010-12-07
okr.date.doiregistration2025-04-15T11:13:35.132721Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/974001468162254606/Africas-growth-turnaround-from-fewer-mistakes-to-sustained-growth
okr.guid974001468162254606
okr.identifier.externaldocumentum000356161_20101208035219
okr.identifier.internaldocumentum13210912
okr.identifier.report57753
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/974001468162254606/pdf/577530NWP0Box353767B01PUBLIC10gcwp054web.pdfen
okr.region.administrativeAfrica
okr.region.geographicalSub-Saharan Africa
okr.topicEnvironment::Environmental Economics & Policies
okr.topicGovernance::Governance Indicators
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPrivate Sector Development::Emerging Markets
okr.unitDevelopment Research Group (DECRG)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
577530NWP0Box353767B01PUBLIC10gcwp054web.pdf
Size:
1.3 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
577530NWP0Box353767B01PUBLIC10gcwp054web.txt
Size:
187.23 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
Commission on Growth and Development