MARC Record from Oregon Libraries

LEADER: 02659cam a2200397Ia 4500
001 144588997
003 OCoLC
005 20070801030023.0
007 cr bn|||||||||
008 070615s2007 mau b 000 0 eng d
035 $a(OCoLC)144588997
040 $aIUL$cIUL$dGZM$dNTE
043 $afb-----
049 $aNTEA$aNTEF
090 $aHB1$b.W654 no.13120
100 1 $aJohnson, Simon.
245 14 $aThe prospects for sustained growth in Africa :$bbenchmarking the constraints /$cSimon Johnson, Jonathan D. Ostry, Arvind Subramanian.
260 $aCambridge, Mass. :$bNational Bureau of Economic Research,$cc2007.
300 $a37, [30] p. ;$c22 cm.
490 1 $aNBER working paper series ;$vno. 13120.
500 $a"May 2007"
504 $aIncludes bibliographical references.
520 $aA dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation.
530 $aAlso available in PDF from the NBER world wide web site (www.nber.org).
650 0 $aEconomic development$xMathematical models.
651 0 $aAfrica, Sub-Saharan$xEconomic conditions$xMathematical models.
700 1 $aOstry, Jonathan David,$d1962-
700 1 $aSubramanian, Arvind.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research) ;$vworking paper no. 13120.
856 41 $zOnline access for everyone$uhttp://www.nber.org/papers/W13120.pdf
907 $a.b33835822$bmulti$c-
902 $a071206
998 $b2$c070801$dm$ea$f-$g4
945 $lwhs $aHB1$b.W654 no.13120
945 $lt $aHB1$b.W654 no.13120 (Electronic resource)