Adjustment and long-run economic performance in 18 African countries

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Standard

Adjustment and long-run economic performance in 18 African countries. / Gebregziabher, Fiseha.

I: Journal of International Development, Bind 27, Nr. 2, 01.03.2015, s. 170-196.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Gebregziabher, F 2015, 'Adjustment and long-run economic performance in 18 African countries', Journal of International Development, bind 27, nr. 2, s. 170-196. https://doi.org/10.1002/jid.3056

APA

Gebregziabher, F. (2015). Adjustment and long-run economic performance in 18 African countries. Journal of International Development, 27(2), 170-196. https://doi.org/10.1002/jid.3056

Vancouver

Gebregziabher F. Adjustment and long-run economic performance in 18 African countries. Journal of International Development. 2015 mar. 1;27(2):170-196. https://doi.org/10.1002/jid.3056

Author

Gebregziabher, Fiseha. / Adjustment and long-run economic performance in 18 African countries. I: Journal of International Development. 2015 ; Bind 27, Nr. 2. s. 170-196.

Bibtex

@article{013643ae7457409e9b5a5f279f3d39af,
title = "Adjustment and long-run economic performance in 18 African countries",
abstract = "This paper investigates the link between IMF-World Bank stabilisation-cum-structural adjustment programs and long-run economic performance in 18 African countries on a country-specific basis for the period 1960-2009. We employ a structural break approach to study the impact on long-run growth trajectories of the introduction of adjustment programs. The analysis reveals that only few countries have shown positive and sustained results. The traditional (first-generation) Fund-Bank adjustment package is linked with sustained increase in Gross Domestic Product, export and investment growth rates only in two countries (Ghana and Uganda). Many African economies remained on their pre-reform growth paths whereas some others experienced growth deceleration, despite more-than-a-decade-long adjustment. Taken as a whole, countries in the CFA franc currency zone fared much worse than their non-CFA counterparts because of the different adjustment strategies pursued.",
keywords = "Adjustment programs, CFA franc countries, IMF, Multivariate cointegration, Sub-Saharan Africa, World Bank",
author = "Fiseha Gebregziabher",
year = "2015",
month = mar,
day = "1",
doi = "10.1002/jid.3056",
language = "English",
volume = "27",
pages = "170--196",
journal = "Journal of International Development",
issn = "0954-1748",
publisher = "JohnWiley & Sons Ltd",
number = "2",

}

RIS

TY - JOUR

T1 - Adjustment and long-run economic performance in 18 African countries

AU - Gebregziabher, Fiseha

PY - 2015/3/1

Y1 - 2015/3/1

N2 - This paper investigates the link between IMF-World Bank stabilisation-cum-structural adjustment programs and long-run economic performance in 18 African countries on a country-specific basis for the period 1960-2009. We employ a structural break approach to study the impact on long-run growth trajectories of the introduction of adjustment programs. The analysis reveals that only few countries have shown positive and sustained results. The traditional (first-generation) Fund-Bank adjustment package is linked with sustained increase in Gross Domestic Product, export and investment growth rates only in two countries (Ghana and Uganda). Many African economies remained on their pre-reform growth paths whereas some others experienced growth deceleration, despite more-than-a-decade-long adjustment. Taken as a whole, countries in the CFA franc currency zone fared much worse than their non-CFA counterparts because of the different adjustment strategies pursued.

AB - This paper investigates the link between IMF-World Bank stabilisation-cum-structural adjustment programs and long-run economic performance in 18 African countries on a country-specific basis for the period 1960-2009. We employ a structural break approach to study the impact on long-run growth trajectories of the introduction of adjustment programs. The analysis reveals that only few countries have shown positive and sustained results. The traditional (first-generation) Fund-Bank adjustment package is linked with sustained increase in Gross Domestic Product, export and investment growth rates only in two countries (Ghana and Uganda). Many African economies remained on their pre-reform growth paths whereas some others experienced growth deceleration, despite more-than-a-decade-long adjustment. Taken as a whole, countries in the CFA franc currency zone fared much worse than their non-CFA counterparts because of the different adjustment strategies pursued.

KW - Adjustment programs

KW - CFA franc countries

KW - IMF

KW - Multivariate cointegration

KW - Sub-Saharan Africa

KW - World Bank

U2 - 10.1002/jid.3056

DO - 10.1002/jid.3056

M3 - Journal article

AN - SCOPUS:84923857964

VL - 27

SP - 170

EP - 196

JO - Journal of International Development

JF - Journal of International Development

SN - 0954-1748

IS - 2

ER -

ID: 160126068