Understanding the African growth record: The importance of policy syndromes and governance

Arbeitspapier

The current paper, first, finds that although the post-independence growth of African economies has fallen substantially below that of other regions, this comparative evidence is less than uniform across time and countries. Second, it uncovers total factor productivity as the primary culprit underlying the generally dismal growth record. Third, reflecting recent evidence, the paper finds that policy syndromes represent a major culprit explaining the growth performance, with their absence accounting for nearly 3.0 percentage point rise in the annual per capita GDP growth via increases in TFP. Finally, the paper finds that governance exerts positive direct and indirect impacts on growth; the latter is via the potential ability of governance to achieve a syndrome-free regime.

Object Details

• ISBN: 978-92-9230-197-2
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Discussion Paper ; No. 2009/02

Classification and Topics

• Classification: Wirtschaft ; Macroeconomic Analyses of Economic Development ; Institutions and Growth ; Economywide Country Studies: Africa
• Subject: African growth ; policy syndromes ; governance

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Fosu, Augustin Kwasi
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/84673
• Last update: 10.03.2025, 11:44 AM CET