Sustaining Growth Accelerations and Pro-Poor Growth in Africa

Sanjeev Gupta, Catherine Pattillo and Kevin Carey

No 2005/195, IMF Working Papers from International Monetary Fund

Abstract: Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.

Keywords: WP; SSA country; rate of growth; exchange rate; developing country; real GDP; terms of trade; Africa; growth; growth accelerations; pro-poor growth; country case studies; growth-poverty-inequality nexus; oil-producing country; CFA franc; countries in SSA; SSA government; SSA benchmark; per capita income; growth regression; SSA growth prospect; poverty elasticity; Income inequality; Poverty reduction; Inclusive growth; Poverty reduction and development; Sub-Saharan Africa; Global; South Asia (search for similar items in EconPapers)
Pages: 68
Date: 2005-10-01
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Citations: View citations in EconPapers (28)

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