Growth in Sub-Saharan Africa /

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public...

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Bibliographic Details
Main Author: Ghura, Dhaneshwar
Other Authors: Hadjimichael, Michael
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/136
Online Access:Full text available on IMF
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100 1 |a Ghura, Dhaneshwar. 
245 1 0 |a Growth in Sub-Saharan Africa /  |c Dhaneshwar Ghura, Michael Hadjimichael. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1995. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies. 
538 |a Mode of access: Internet 
700 1 |a Hadjimichael, Michael. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1995/136 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1995/136/001.1995.issue-136-en.xml  |z IMF e-Library