Jump to ContentJump to Main Navigation
Good Growth and Governance in AfricaRethinking Development Strategies$
Users without a subscription are not able to see the full content.

Akbar Noman, Kwesi Botchwey, Howard Stein, and Joseph E. Stiglitz

Print publication date: 2011

Print ISBN-13: 9780199698561

Published to Oxford Scholarship Online: May 2012

DOI: 10.1093/acprof:oso/9780199698561.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 28 January 2022

The African Economic Growth Record, and the Roles of Policy Syndromes and Governance 1

The African Economic Growth Record, and the Roles of Policy Syndromes and Governance 1

Chapter:
(p.175) 6 The African Economic Growth Record, and the Roles of Policy Syndromes and Governance1
Source:
Good Growth and Governance in Africa
Author(s):

Augustin Kwasi Fosu

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199698561.003.0006

The current chapter, 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 factor explaining the growth performance, with their absence accounting for nearly a 3 percentage point rise in the annual per capita GDP growth via increases in TFP. Finally, the chapter 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.

Keywords:   African growth, policy syndromes, governance

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .