Emerging Growth Economies in Sub-Saharan Africa
The American Economist, 2016, vol. 61, issue 2, 229-244
The turning point for the recent growth in Sub-Saharan Africa (SSA) began in the mid-1990s. It, however, has not been uniform across the region. There are countries that have experienced sustained high growth, rivaling those of rapid-growth, emerging economies in Asia. However, more than one third of the countries in Africa still experience low growth, and their economies remain fragile. The article analyzes patterns of long-run, country-level growth. It identifies a group of SSAâ€™s emerging economies that are associated with strong growth. The empirical evidence suggests that this group of emerging growth economies is different in terms of economic fundamentals and quality of institutions and governance from the nonemerging slow-growth group.
Keywords: growth analytics; growth and development; economic transformation; emerging market economies; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: O10 O40 O55 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:61:y:2016:i:2:p:229-244
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