Prospects for Africa's economic growth

Przemyslaw Cieslak ()
Additional contact information
Przemyslaw Cieslak: Poznan University of Life Sciences

No 17/2016, Working Papers from Institute of Economic Research

Abstract: On the African continent for a decade is observed economic growth, combined with the demographic explosion. In the XXI century countries which have been given the nickname of the Third World have a chance to offset the distance of the level of socio-economic development with the rest of the world, and at the same time become the next, after Asia, center of dynamic economic growth. Based on the theory of convergence, the analysis of economic ties between African countries and the developed economies such as the United States, European Union, Australia, Japan, and the fast developing as China and Brazil a decade ago was conducted. The analysis made it possible to shift the dynamics of growth in GDP per capita in the years 1960-1995 in developed countries to six African countries, including Algeria, Angola, Kenya, Mozambique, Nigeria, and South Africa. On this basis, we obtained the forecast of gross domestic product (GDP) per capita in these countries till 2030.

Keywords: economic growth; Africa; forecasting and simulation; macroeconomic analyses of economic development; cluster analysis (search for similar items in EconPapers)
JEL-codes: C15 C53 N27 O11 (search for similar items in EconPapers)
Date: 2016-05, Revised 2016-05
New Economics Papers: this item is included in nep-afr
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2016_No_17.pdf First version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2016:no17

Access Statistics for this paper

More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ( this e-mail address is bad, please contact ).