Sub-Saharan Africa's long-term growth performance will need to improve significantly for the region to visibly reduce poverty and raise the standard of living to an acceptable level. Appropriate actions will also be needed to ensure that an adequate share of the growing income is devoted to reducing p...
The African continent is one of the world richest regions in oil, gas and minerals. Proven reserves have expanded and prospects improved recently making the continent an important player on the world stage. The share of natural resources in GDP is increasing rapidly. Exports of minerals and hydrocarbo...
This article summarizes the publication "Revisiting Gowth and Convergence: Is Africa Catching Up?" The neoclassical Solow framework has been the workhorse for empirical analysis of growth in industrial and developing countries. In this framework, steady state economic growth depends on exogenous techn...