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Adjustment for Growth: The African Experience

Author

Listed:
  • Mr. Amor Tahari
  • Mr. M. Nowak
  • Mr. Michael T. Hadjimichael
  • Mr. Robert L. Sharer

Abstract

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).

Suggested Citation

  • Mr. Amor Tahari & Mr. M. Nowak & Mr. Michael T. Hadjimichael & Mr. Robert L. Sharer, 1996. "Adjustment for Growth: The African Experience," IMF Occasional Papers 1996/007, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1996/007
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    Citations

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    Cited by:

    1. Adeola F. Adenikinju & Olugboyega Oyeranti, 1999. "Characteristics and Behaviour of African Factor Markets and Market Institutions and Their Consequences for Economic Growth," CID Working Papers 31A, Center for International Development at Harvard University.
    2. Emmanuel Aggrey-Fynn & Godsway Banini & Andre Croppenstedt & Yvonne Owusu-Agyapong & George Oduru, 2003. "Explaining Success in Reducing Under-Nourishment Numbers in Ghana," Working Papers 03-10, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    3. Willem Vanlaer & Mattia Picarelli & Wim Marneffe, 2021. "Debt and Private Investment: Does the EU Suffer from a Debt Overhang?," Open Economies Review, Springer, vol. 32(4), pages 789-820, September.
    4. Manoj Atolia, 2003. "Productivity-Enhancing Reforms, Private Capital Inflows, and Real Interest Rates in Africa," Working Papers wp2003_10_02, Department of Economics, Florida State University, revised Dec 2008.
    5. Sintim-Aboagye, Hermann, 2013. "Imf And World Bank Economic Programs On Inflation: Relevance To Nepad," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 9(1-2), January.
    6. Mr. Nils O Maehle & Ms. Haimanot Teferra & Armine Khachatryan, 2013. "Exchange Rate Liberalization in Selected Sub-Saharan African Countries Successes, Failures, and Lessons," IMF Working Papers 2013/032, International Monetary Fund.
    7. Mebometa Ndongo & Juan-Luis Klein, 2014. "The World Bank and Municipal Adjustments in Senegal: Towards a New Institutional Framework," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 5(2), pages 82-95, May.
    8. Azam, Muhammad & Khan, Hashim & Hunjra, Ahmed Imran & Ahmad, H. Mushtaq & Chani, Muhammad Irfan, 2011. "Institutions, macroeconomic policy and foreign direct investment: South Asian countries case," MPRA Paper 32480, University Library of Munich, Germany.
    9. Brooks, Jonathan & Croppenstedt, Andre & Aggrey-Fynn, Emmanuel, 2007. "Distortions to Agricultural Incentives in Ghana," Agricultural Distortions Working Paper Series 48523, World Bank.
    10. Andri Kopperschmidt & Jacint Matutes, 1997. "Assessment of trade liberalisation in sub-Saharan Africa," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(4), pages 193-202, July.

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