How Can Burundi Raise Its Growth Rate?The Impact of Civil Conflicts and State Intervention on Burundi's Growth Performance.
Material type: TextSeries: IMF Working PapersPublisher: Washington : International Monetary Fund, 2009Copyright date: ©2009Description: 1 online resource (20 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781451915945Subject(s): Burundi -- Economic conditions | Economic development -- BurundiGenre/Form: Electronic books.Additional physical formats: Print version:: How Can Burundi Raise Its Growth Rate?The Impact of Civil Conflicts and State Intervention on Burundi's Growth PerformanceDDC classification: 301.24 LOC classification: HC880 -- .B37 2009ebOnline resources: Click to ViewIntro -- Contents -- I. Introduction -- II. The Continued Decline in GDP per Capita -- III. Estimating the Capacity Constraint with a Production Function -- IV. Breaking the Vicious Circle of Low Investment and Economic Inefficiency -- V. Conclusion -- Boxes -- 1. Energy -- 2. Coffee Sector -- Figures -- 1. A History Marked by a Decline of Real GDP per Capita, 1970-2007 -- 2. The Three Growth Periods in Burundi, 1970-2007 -- 3. Coffee Prices -- 4. Coffee Production -- 5. Real GDP and Capital Stock Indices, 1970-2007 -- 6. Estimated Depreciation Rates, 1973-2007 -- 7. GNI per Capita in Constant US, 2005-50 -- Tables -- 1. Doing Business, 2007-08 -- 2. Average Growth Rates -- 3. Growth amd Investment in Burundi and Sub-Saharan Africa (SSA), 1970-2007 -- 4. ICOR in Burundi and SSA, 1970-2007 -- 5. Top 10 Constraints on Firm Investment in Burundi, 2006 -- 6. Estimated Coefficients -- 7. Growth Decomposition (percent) -- 8. Long-run Values of Key Variables -- References -- Appendix.
Over the last thirty years Burundi's low economic growth has led to a significant decline in per capita GDP. The purpose of this paper is to shed light on supply-side constraints that prevented Burundi's economy from growing faster. Lack of investment, civil conflict, economic inefficiencies, state intervention in the economy, and regulatory restrictions explain a large part of the weak growth performance for the last thirty years.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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