Low and highly volatile growth define Africa's growth experience. But there is no evidence that growth volatility is associated to long term economic performance. This result may be misleading if it suggests that volatility is not important for economic and social progress. In this paper we use a variant of the method developed by Hausmann, Pritchett, and Rodrik (2005) to identify both growth acceleration and deceleration episodes in Africa between...
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详细
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2007/11/01
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政策研究报告
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WPS4384
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1
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1
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2010/07/01
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Disclosed
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More growth or fewer collapses ? a new look at long run growth in Sub-Saharan Africa
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Foreign Direct Investment and Trade