EconPapers    
Economics at your fingertips  
 

Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa

Patrick Imam and Gonzalo Salinas

Journal of International Commerce, Economics and Policy (JICEP), 2015, vol. 06, issue 01, 1-33

Abstract: The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our analysis on episodes of growth turnarounds (identifying growth accelerations, decelerations, and collapses) and use only West African countries in our sample. Using probits for a group of 22 Western African economies for the period 1960–2006, we find that growth accelerations are most clearly associated with external shocks, economic liberalization, political stability, and closeness to the coast; decelerations occurred during short-lived regimes and when corruption indices weakened; and collapses are linked to external shocks, falling domestic credit, and proximity to the coast.

Keywords: Growth; acceleration; deceleration; Africa; O11; O40 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1793993315500039
Access to full text is restricted to subscribers

Related works:
Working Paper: Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa (2008) Downloads
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:wsi:jicepx:v:06:y:2015:i:01:n:s1793993315500039

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1793993315500039

Access Statistics for this article

Journal of International Commerce, Economics and Policy (JICEP) is currently edited by Ramkishen S. Rajan

More articles in Journal of International Commerce, Economics and Policy (JICEP) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2021-06-07
Handle: RePEc:wsi:jicepx:v:06:y:2015:i:01:n:s1793993315500039