| Description |
1 online resource (33 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/05/18 |
|
IMF working paper ; WP/05/18.
|
| Contents |
Contents -- I. Introduction -- II. Theoretical Considerations -- III. Looking at the Data -- IV. Econometric Results -- V. Conclusions -- References |
| Summary |
This paper attempts to identify robust patterns of cross-country growth behavior in the world as a whole and Africa. It employs a novel methodology that incorporates a dynamic panel estimator, and Bayesian Model Averaging to explicitly account for model uncertainty. The findings indicate that: (i) in addition to initial conditions, various economic factors such as higher investment, lower inflation, lower government consumption, better fiscal stance, improved political environment, exogenous terms-of-trade shocks, and fixed geographical factors are robustly correlated with growth; (ii) what is good for growth around the world is, in principle, also good for growth in Africa; and (iii) political and institutional variables are particularly important in explaining African growth |
| Bibliography |
Includes bibliographical references (pages 18-21) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Economic development -- Econometric models
|
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Economic development -- Econometric models
|
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Economic history
|
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Economic policy -- Econometric models
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| SUBJECT |
Africa -- Economic conditions -- Econometric models
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Africa -- Economic policy -- Econometric models
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| Subject |
Africa
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| Form |
Electronic book
|
| Author |
International Monetary Fund. African Department, issuing body
|
| ISBN |
9781451905731 |
|
1451905734 |
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1462366996 |
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9781462366996 |
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1452775400 |
|
9781452775401 |
|
128210862X |
|
9781282108622 |
|
9786613801975 |
|
6613801976 |
|
