Sources of Growth in the Democratic Republic of the Congo [electronic resource] : A Cointegration Approach / Matthias Cinyabuguma.
Material type:
TextSeries: IMF Working Papers; Working Paper ; No. 04/114Publication details: Washington, D.C. : International Monetary Fund, 2004Description: 1 online resource (32 p.)ISBN: 1451853823 :ISSN: 1018-5941Subject(s): Aggregate Factor Income Distribution | Cointegration | Economic Growth | Growth Accounting | Growth Rate | Production Function | Congo | Congo, Democratic Republic of theAdditional physical formats: Print Version:: Sources of Growth in the Democratic Republic of the Congo : A Cointegration ApproachOnline resources: IMF e-Library | IMF Book Store Abstract: The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth.
The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth.
Description based on print version record.
There are no comments on this title.