Commodity Prices and Growth in Africa

Angus Deaton

Journal of Economic Perspectives, 1999, vol. 13, issue 3, 23-40

Abstract: African states that came to independence by the late 1960s made a rapid transition to authoritarian rule during a period of reasonably robust growth. Growth then faltered badly from the mid-1970s to the mid-1990s as these regimes coped with external shocks and varying degrees of fiscal crisis. Leading critics embed Africa's slow growth in failures of governance associated with "weak" authoritarian rule. These provide important insights into policy patterns while suggesting the growth-promoting potential of Africa's recent Democratization.

JEL-codes: O13 O19 (search for similar items in EconPapers)
Date: 1999
Note: DOI: 10.1257/jep.13.3.23
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Citations: View citations in EconPapers (373)

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Related works:
Working Paper: Commodity Prices and Growth in Aftica (1999)
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