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Explaining episodes of growth accelerations, decelerations, and collapses in Western Africa /

The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrat...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Imam, Patrick (Autor), Salinas, Gonzalo (Autor)
Autor Corporativo: International Monetary Fund. African Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/287.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Imam, Patrick,  |e author. 
245 1 0 |a Explaining episodes of growth accelerations, decelerations, and collapses in Western Africa /  |c prepared by Patrick Imam and Gonzalo Salinas. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2008. 
300 |a 1 online resource (44 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
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500 |a At head of title: African Department. 
500 |a "December 2008." 
504 |a Includes bibliographical references (pages 34-35). 
520 |a The growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our analysis on episodes of growth turnarounds (identifying growth accelerations, decelerations, and collapses) and use only West African countries in our sample. The driving force of growth turnarounds are estimated by analyzing external shocks, political and institutional changes, economic reforms, and indicators particularly relevant to the region. Using probits for a group of 22 Western African economies for the period 1960-2006, we find that growth accelerations are most clearly associated with external shocks, economic liberalization, political stability, and closeness to the coast; decelerations occurred during short-lived regimes and when corruption indices weakened; and collapses are linked to external shocks, falling domestic credit, and proximity to the coast. We then identify policy implications 
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506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a 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.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
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590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Business cycles  |z Africa, West  |x Econometric models. 
650 0 |a Economic development  |z Africa, West  |x Econometric models. 
651 0 |a Africa, West  |x Economic conditions  |x Econometric models. 
650 0 |a Financial crises  |z Africa, West  |x Econometric models. 
650 6 |a Cycles économiques  |z Afrique occidentale  |x Modèles économétriques. 
650 6 |a Développement économique  |z Afrique occidentale  |x Modèles économétriques. 
651 6 |a Afrique occidentale  |x Conditions économiques  |x Modèles économétriques. 
650 7 |a Business cycles  |x Econometric models  |2 fast 
650 7 |a Economic development  |x Econometric models  |2 fast 
650 7 |a Economic history  |2 fast 
650 7 |a Financial crises  |x Econometric models  |2 fast 
651 7 |a West Africa  |2 fast 
650 7 |a Wirtschaftswachstum.  |2 stw 
650 7 |a Westafrika.  |2 stw 
700 1 |a Salinas, Gonzalo,  |e author. 
710 2 |a International Monetary Fund.  |b African Department. 
758 |i has work:  |a Explaining episodes of growth accelerations, decelerations, and collapses in Western Africa (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGgXWvQpVPJKKQbBByTRw3  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Imam, Patrick.  |t Explaining episodes of growth accelerations, decelerations, and collapses in Western Africa.  |d Washington, D.C. : International Monetary Fund, ©2008  |w (OCoLC)316328679 
830 0 |a IMF working paper ;  |v WP/08/287. 
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