Achieving the Millennium Development Goals in Sub-Saharan Africa: a macroeconomic monitoring framework

Pierre-Richard Agénor (), Nihal Bayraktar, Emmanuel Pinto Moreira and Karim El Aynaoui

No 3750, Policy Research Working Paper Series from The World Bank

Abstract: The authors present an integrated macroeconomic approach to monitoring progress toward achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa. At the heart of their approach is a macroeconomic model that captures key linkages between foreign aid, public investment (disaggregated into education, infrastructure, and health), the supply side, and poverty. The model is linked through cross-section regressions to indicators of malnutrition, infant mortality, life expectancy, and access to safe water. A composite MDG indicator is also calculated. The functioning of the framework is illustrated by simulating the impact of an increase in aid and a debt write-off for Niger at the MDG horizon of 2015, under alternative assumptions about the degree of efficiency of public investment. The authors'approach can serve as the building block of Strategy Papers for Human Development (SPAHD), a more encompassing concept than the current"Poverty Reduction"Strategy Papers.

Keywords: Economic Theory&Research; Public Sector Economics&Finance; Inequality; Investment and Investment Climate; Achieving Shared Growth (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-dev and nep-mac
Date: 2005-10-01
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Journal Article: Achieving the Millennium Development Goals in Sub-Saharan Africa: A Macroeconomic Monitoring Framework (2006)
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