Sub-Saharan Africa's Recent Growth Spurt : An Analysis of the Sources of Growth

Cho, Yoonyoung ; Tien, Bienvenue N.

World Bank, Washington, DC

关键词: AGGREGATE INCOME;    AGGREGATE PRODUCTION FUNCTION;    AGRICULTURAL PRODUCTIVITY;    AGRICULTURE;    ANNUAL DEPRECIATION RATE;   

DOI  :  10.1596/1813-9450-6862
RP-ID  :  WPS6862

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Since the mid-1990s, Sub-Saharan Africahas experienced unprecedented levels of high economicgrowth. A key question follows: What accounts for theturnaround of the growth performance in the mid-1990s? Theanswer can provide insight into whether the recent growthspurt in Sub-Saharan Africa is merely temporary or thebeginning of a sustainable takeoff. This paper examines thesources of growth of 32 countries in Sub-Saharan Africa in agrowth accounting framework. The findings suggest that therecent growth spurt is largely associated with an increasein the share of working-age population, capitalaccumulation, and total factor productivity, unlike previousperiods. Resources play a role by attracting capitalinflows, particularly from foreign direct investment andshifting labor away from agriculture. However, the growthprospects for Sub-Saharan Africa seem promising beyondresources, with steady progress in decreased fertility,increased foreign direct investment, political stability,and structural transformation.