The prospects for sustained growth in Africa: benchmarking the constraints
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests t...
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13120 |
| Links: | http://papers.nber.org/papers/w13120.pdf |
| Zusammenfassung: | A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation. |
| Umfang: | 37, [30] S. 22 cm |
Internformat
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13120 | |
| 520 | 8 | |a A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation. | |
| 700 | 1 | |a Ostry, Jonathan David |d 1962- |e Verfasser |0 (DE-588)133068471 |4 aut | |
| 700 | 1 | |a Subramanian, Arvind |e Verfasser |0 (DE-588)128635428 |4 aut | |
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| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13120 |w (DE-604)BV002801238 |9 13120 | |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-20T13:23:19Z |
| institution | BVB |
| language | English |
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| physical | 37, [30] S. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
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| spelling | Johnson, Simon 1963- Verfasser (DE-588)128759240 aut The prospects for sustained growth in Africa benchmarking the constraints Simon Johnson ; Jonathan Ostry ; Arvind Subramanian Cambridge, Mass. National Bureau of Economic Research 2007 37, [30] S. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13120 A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation. Ostry, Jonathan David 1962- Verfasser (DE-588)133068471 aut Subramanian, Arvind Verfasser (DE-588)128635428 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13120 (DE-604)BV002801238 13120 http://papers.nber.org/papers/w13120.pdf kostenfrei Volltext |
| spellingShingle | Johnson, Simon 1963- Ostry, Jonathan David 1962- Subramanian, Arvind The prospects for sustained growth in Africa benchmarking the constraints |
| title | The prospects for sustained growth in Africa benchmarking the constraints |
| title_auth | The prospects for sustained growth in Africa benchmarking the constraints |
| title_exact_search | The prospects for sustained growth in Africa benchmarking the constraints |
| title_full | The prospects for sustained growth in Africa benchmarking the constraints Simon Johnson ; Jonathan Ostry ; Arvind Subramanian |
| title_fullStr | The prospects for sustained growth in Africa benchmarking the constraints Simon Johnson ; Jonathan Ostry ; Arvind Subramanian |
| title_full_unstemmed | The prospects for sustained growth in Africa benchmarking the constraints Simon Johnson ; Jonathan Ostry ; Arvind Subramanian |
| title_short | The prospects for sustained growth in Africa |
| title_sort | the prospects for sustained growth in africa benchmarking the constraints |
| title_sub | benchmarking the constraints |
| url | http://papers.nber.org/papers/w13120.pdf |
| volume_link | (DE-604)BV002801238 |
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