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  • 1995-1999  (4)
  • 1955-1959
  • Berthélemy, Jean-Claude  (4)
  • Paris : OECD Publishing  (4)
  • Münster : Lit
  • 1
    Language: English
    Pages: 36 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.150
    Keywords: Development
    Abstract: In this study, we analyse extended periods of growth in Africa based on panel estimations from 27 African countries during the 1960-1996 period. Only a dozen of such rapid growth episodes are observable in Africa since 1960, and several of them eventually came to an end. We use all existing information on macroeconomic performance in Africa in a comparative manner, in order to assess the sustainability of current growth episodes. Our main conclusion is that sustainable growth needs to be based on a balanced mix of capital accumulation, macroeconomic adjustment and structural change. In addition to more commonly used determinants of Total Factor Productivity, we construct a measure for the effect of labour reallocation as well as an index of economic diversification and estimate the impact of the latter on long-term growth. We also build an analysis of investment behaviour, which is influenced by Total Factor Productivity gains, while influencing economic growth directly through ...
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  • 2
    Language: French
    Pages: 28 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Working Papers no.121
    Keywords: Development
    Abstract: The innovation of this paper is the proof of a relationship between human capital and growth, using a sample of 83 countries and six time periods between 1960 and 1990. Nonetheless, calculations from both interactive and variable-coefficient models based on these same panel data suggest that the contribution of education to growth depends on the level of commercial opening. This result could be explained by the variation in factor returns linked, on one hand, to trade-induced changes in labour demand and, on the other, to changes in relative factor supply which are amplified in closed economies. Distortions of human-capital allocation are therefore likely to influence the rate of growth ...
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  • 3
    Language: French
    Pages: 35 p. , 21 x 29.7cm
    Series Statement: Cahiers de politique économique du Centre de Développement de l'OCDE no.12
    Parallel Title: Parallelausg. Policies for Economic Take-Off
    Keywords: Development
    Abstract: • La volonté politique est la clé du décollage et de la croissance à long terme : sans la combinaison des efforts des pays pauvres et de la communauté internationale, ces pays ne sortiront pas du cercle vicieux de la pauvreté. • Des politiques financières erronées peuvent conduire à la chute de l’épargne et à sa mauvaise allocation et, par suite, bloquer la croissance. • L’ouverture commerciale renforce non seulement la croissance mais aussi l’efficacité des autres politiques économiques. • L’éducation de base est une condition préalable du décollage, de même que, par la suite, la formation d’une main-d’œuvre qualifiée est l’une des clés de la croissance à long terme. • Les différentes politiques de promotion de la croissance à long terme sont complémentaires : des erreurs dans un domaine peuvent réduire à néant les efforts consentis par ailleurs.
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  • 4
    Online Resource
    Online Resource
    Paris : OECD Publishing
    Language: English
    Pages: 32 p. , 21 x 29.7cm
    Series Statement: OECD Development Centre Policy Briefs no.12
    Parallel Title: Parallelausg. Quelles politiques pour un décollage économique ?
    Keywords: Development
    Abstract: . Political commitment is the key ingredient needed for economic take-off and long-term growth. Poor countries will be unable to escape the vicious circle of poverty unless they and the international community join forces. . Inappropriate financial policies can lead to a decline in and poor allocation of savings, subsequently holding back growth. . Trade liberalisation not only strengthens growth, but also enhances the effectiveness of other economic policies. . Basic education is a prerequisite for economic take-off, just as the subsequent training of skilled labour is one of the keys to long-term growth. . Policies aimed at fostering long-term growth must be complementary; mistakes in one area can totally undermine efforts made elsewhere.
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