Berthélemy, Jean-Claude.
Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020? Jean-Claude Berthélemy. [electronic resource] / Jean-Claude Berthélemy. - Washington, D.C. : International Monetary Fund, 2002. - 1 online resource (37 p.) - IMF Working Papers; Working Paper ; No. 02/131 . - IMF Working Papers; Working Paper ; No. 02/131 .
This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic diversification are constructed and included as factors for long-term growth. A simple model is constructed for the purpose of simulating growth scenarios up to the year 2020 for Burkina Faso, Côte d'Ivoire, Ghana, Mali, Tanzania, and Uganda. Even if one makes relatively optimistic assumptions, Africa is not likely to reach "Asian tiger" levels of growth. The results also suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture.
145185529X : 15.00 USD
1018-5941
10.5089/9781451855296.001 doi
Black Market Premium
Comparative Studies of Countries
Diversification
Economywide Country Studies: Africa
GDP per Capita
Growth
Botswana
Burkina Faso
Ghana
Mali
Uganda
Will there Be New Emerging-Market Economies in Africa b+L2280y the Year 2020? Jean-Claude Berthélemy. [electronic resource] / Jean-Claude Berthélemy. - Washington, D.C. : International Monetary Fund, 2002. - 1 online resource (37 p.) - IMF Working Papers; Working Paper ; No. 02/131 . - IMF Working Papers; Working Paper ; No. 02/131 .
This paper examines past African growth experience and attempts to simulate future ones. In addition to more commonly used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic diversification are constructed and included as factors for long-term growth. A simple model is constructed for the purpose of simulating growth scenarios up to the year 2020 for Burkina Faso, Côte d'Ivoire, Ghana, Mali, Tanzania, and Uganda. Even if one makes relatively optimistic assumptions, Africa is not likely to reach "Asian tiger" levels of growth. The results also suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture.
145185529X : 15.00 USD
1018-5941
10.5089/9781451855296.001 doi
Black Market Premium
Comparative Studies of Countries
Diversification
Economywide Country Studies: Africa
GDP per Capita
Growth
Botswana
Burkina Faso
Ghana
Mali
Uganda