How Can Burundi Raise its Growth Rate? the Impact of Civil Conflicts and State Interventionon Burundi'S Growth Performance

Olivier Basdevant

No 2009/011, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; Burundi; depreciation rate; growth performance; Growth; Investment; Capital Stock; Kalman Filter; Burundi ICOR; growth prospect; accumulation function; Burundi's economy; investment inefficiency; Depreciation; Stocks; Agricultural commodities; Income; Capital accumulation; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 20
Date: 2009-01-01
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Citations: View citations in EconPapers (1)

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