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Conflicts and Returns to Stability in Developing Countries : A Comparative Analysis

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dc.contributor.authorFofack, Hippolyte
dc.date.accessioned2012-03-19T18:42:01Z
dc.date.available2012-03-19T18:42:01Z
dc.date.issued2010-09-01
dc.description.abstractSub-Saharan Africa's dismal development outcomes -- growth collapse and declining real income -- are often used to highlight its sharp development contrast with other regions of the developing world. Drawing on a large cross-section analysis, this paper shows that Africa's underlying dismal records can also be largely accounted for by the skewed distribution of growth in the post-independence era. In particular, structurally low investment rates in a context of high political risk and uncertainty undermined growth prospects in the region. However, counterfactual simulations based on a variation of neoclassical growth models and under the hypothetical equalization of political risk profile alternative result in large economic returns, reflected in the significantly higher level of aggregate output and income in the subset of conflict-affected countries. Income gets even higher when the hypothetical reduction of political risks alternative is accompanied by sustained increases in capital accumulation.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100920133742
dc.identifier.doi10.1596/1813-9450-5428
dc.identifier.urihttps://hdl.handle.net/10986/3911
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5428
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABSOLUTE POVERTY
dc.subjectACCOUNTING
dc.subjectADVANCED ECONOMIES
dc.subjectADVERSE EFFECTS
dc.subjectAGGREGATE OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE OF PAYMENTS CRISES
dc.subjectBANK POLICY
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL STOCK
dc.subjectCIVIL WAR
dc.subjectCIVIL WARS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCONFLICT
dc.subjectCONFLICT PREVENTION
dc.subjectCONFLICTS
dc.subjectCONSTRAINT
dc.subjectCOUNTERPARTS
dc.subjectCOUNTRY DUMMIES
dc.subjectCOUNTRY RISK
dc.subjectCRISES
dc.subjectCROSS-BORDER CAPITAL
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEATHS
dc.subjectDEBT
dc.subjectDEBT STOCKS
dc.subjectDEPENDENT VARIABLE
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT CENTRE
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT GOALS
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDEVELOPMENT PATH
dc.subjectDEVELOPMENT PATHS
dc.subjectDISEQUILIBRIUM
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDIVERSIFICATION
dc.subjectDIVIDEND
dc.subjectDIVIDENDS
dc.subjectDOMESTIC SAVINGS
dc.subjectDRUGS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC LITERATURE
dc.subjectECONOMIC OUTCOMES
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC THEORY
dc.subjectECONOMICS RESEARCH
dc.subjectELASTICITY
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL MODEL
dc.subjectEMPIRICAL MODELS
dc.subjectEMPIRICAL RESULTS
dc.subjectEMPIRICAL STUDIES
dc.subjectESTIMATED COEFFICIENT
dc.subjectESTIMATED COEFFICIENTS
dc.subjectEXOGENOUS RATE
dc.subjectEXPECTATION GAP
dc.subjectEXPECTED RETURNS
dc.subjectEXPENDITURE
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL CRISIS
dc.subjectFISCAL DEFICITS
dc.subjectFOREIGN ASSET
dc.subjectFOREIGN ASSET POSITIONS
dc.subjectFRONTIERS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMIC LANDSCAPE
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL LEVEL
dc.subjectGLOBAL TRADE
dc.subjectGLOBALIZATION
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH MODEL
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH PROCESS
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectGROWTH THEORY
dc.subjectHIGH GROWTH
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN DEVELOPMENT REPORT
dc.subjectHUMAN SECURITY
dc.subjectIMF
dc.subjectINCOME GROWTH
dc.subjectINDEPENDENCES
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT FUNCTION
dc.subjectINVESTMENT RATES
dc.subjectLABOR FORCE
dc.subjectLIFE EXPECTANCY
dc.subjectLIVING STANDARDS
dc.subjectLONG-RUN GROWTH
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL PRODUCTIVITY
dc.subjectMASSIVE INVESTMENTS
dc.subjectMEETING
dc.subjectMISMANAGEMENT
dc.subjectMONETARY FUND
dc.subjectNATIONS
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNEGATIVE EFFECT
dc.subjectOIL CRISIS
dc.subjectOUTPUT GROWTH
dc.subjectPEACE
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL RISKS
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL VIOLENCE
dc.subjectPOOR GOVERNANCE
dc.subjectPOSITIVE EXTERNALITIES
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY TRAPS
dc.subjectPRIMARY PRODUCTS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION STRUCTURES
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROTECTIONISM
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC POLICY
dc.subjectRATE OF INVESTMENTS
dc.subjectREAL INCOME
dc.subjectRECONSTRUCTION
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectREVOLUTION
dc.subjectRICH COUNTRIES
dc.subjectRISK PROFILE
dc.subjectSIGNIFICANT REDUCTION
dc.subjectSKEWED DISTRIBUTION
dc.subjectSTATE INTERVENTION
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTERMS OF TRADE
dc.subjectTHIRD WORLD
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRADE SHOCKS
dc.subjectUNDP
dc.subjectVICTIMS
dc.subjectVIRTUOUS CYCLE
dc.subjectVIRTUOUS CYCLES
dc.subjectVOLATILITY
dc.subjectWAR
dc.subjectWARS
dc.subjectWORLD DEVELOPMENT
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.titleConflicts and Returns to Stability in Developing Countries : A Comparative Analysisen
dspace.entity.typePublication
okr.crossref.titleConflicts and returns to stability in developing countries : a comparative analysis
okr.date.disclosure2010-09-01
okr.date.doiregistration2025-04-10T11:41:00.748676Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100920133742
okr.globalpracticePoverty
okr.guid119051467990340438
okr.identifier.doi10.1596/1813-9450-5428
okr.identifier.externaldocumentum000158349_20100920133742
okr.identifier.internaldocumentum12782481
okr.identifier.reportWPS5428
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/20/000158349_20100920133742/Rendered/PDF/wps5428.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica
okr.region.geographicalAfrica
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication6a1b1817-ea44-5d60-834a-9d658d5e118c
relation.isAuthorOfPublication.latestForDiscovery6a1b1817-ea44-5d60-834a-9d658d5e118c
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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