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Mapping Growth into Economic Development

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  • Augustin Kwasi Fosu

Abstract

. The study finds that elite political instability (PI)—the incidence of coups d’etat—has negatively influenced the mapping of GDP growth into economic development, measured as the algebraic difference in the United Nations Human Development Index, in Sub‐Saharan Africa (SSA) between 1970 and 1985. Taking into account the additional adverse impact of PI on economic development through its deleterious influence on economic growth, the study estimates that PI has exacted a substantial toll in SSA's economic development.

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  • Augustin Kwasi Fosu, 2004. "Mapping Growth into Economic Development," American Journal of Economics and Sociology, Wiley Blackwell, vol. 63(5), pages 1173-1192, November.
    • Handle: RePEc:bla:ajecsc:v:63:y:2004:i:5:p:1173-1192
    DOI: 10.1111/j.1536-7150.2004.00340.x
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    Cited by:

    1. Azmat Gani & Nisar Ahmad, 2020. "Has Economic Growth of China and India Impacted African Economic Prosperity?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 48(3), pages 375-385, September.
    2. Abeid Ahmed Ramadhan & Zhi Hong Jian & Kyissima Kelvin Henry & Yapatake Kossele Thales Pacific, 2016. "Does Political Stability Accelerate Economic Growth in Tanzania? A Time Series Analysis," Global Business Review, International Management Institute, vol. 17(5), pages 1026-1036, October.
    3. Augustin Kwasi Fosu, 2022. "Institutions and African Economic Development," Working Papers 202202, University of Pretoria, Department of Economics.
    4. Augustin Kwasi Fosu & Dede Woade Gafa, 2020. "Economic Neoliberalism and African Development," Working Papers 202074, University of Pretoria, Department of Economics.
    5. Augustin Kwasi Fosu, 2017. "Governance and development in Africa: A concise review," Global Development Institute Working Paper Series 082017, GDI, The University of Manchester.
    6. Augustin Kwasi Fosu, 2020. "Democracy and Development in Africa," Working Papers 202026, University of Pretoria, Department of Economics.
    7. Augustin Kwasi Fosu, 2010. "The Effect of Income Distribution on the Ability of Growth to Reduce Poverty: Evidence from Rural and Urban African Economies," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(3), pages 1034-1053, July.
    8. Luděk Kouba, 2009. "Návrh klasifikace soudobých sociálně-ekonomických přístupů k teorii růstu [The Proposal of Original Classification of Contemporary Social-Economic Approaches to the Growth Theory]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(5), pages 696-713.

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