How instability lowers African growth

Journal of African Economies

Volumn 8, Issue 1, 1999, Pages 87-107

  Guillaumont, Patrick ^a   Jeanneney, Sylviane Guillaumont ^a   Brun, Jean François ^a  

^a CNRS   (France)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC GROWTH; ECONOMIC POLICY; INSTABILITY; POLITICAL INSTABILITY;

AFRICA;

EID: 0033060344     PISSN: 09638024     EISSN: None     Source Type: Journal    
DOI: 10.1093/jae/8.1.87     Document Type: Article

References (36)

1. Assane, D. and A. Pourgerami (1994) 'Monetary Co-operation and Economic Growth in Africa: Comparative Evidence from the CFA Zone Countries', The Journal of Development Studies, 30: 432-42.
2. Azam, J.P., J.C. Berthelemy and S. Calipel (1996) 'Risque politique et croissance en Afrique', Revue Economique, 47: 819-29.
3. Barro, R.J. (1991) 'Economic Growth in a Cross-section of Countries', Quarterly Journal of Economics, 106:407-44.
4. Calipel, S. and M. Donsimoni (1994) 'Stabilisation policy and political instability', in P. Guillaumont and S. Guillaumont (eds) Adjustment and Development. The Experience of the ACP countries (Africa, Caribbean, Pacific), Paris: Economica.
5. Collier, P. (1995) 'The Marginalisation of Africa in the World Economy', International Labour Review, 134 (4-5): 541-57.
6. Collier, P. and J. Gunning (eds) (1997) Trade Shocks in Developing Countries: Theory and Evidence, Oxford: Clarendon Press.
7. Collier, P., P. Guillaumont, S. Guillaumont and J. Gunning (1997) 'Redesigning Conditionality', World Development, 25 (9): 1399-407.
8. Combes, J.L. (1993) Instabilité des revenus et épargne dans les pays en voie de développement: le rôle de la politique de stabilisation du prix des produits agricoles d'exportation, Thèse nouveau régime, Université de Clermont I.
9. Dawe, D. (1996) 'A New Look at the Effects of Export Instability on Investment and Growth', World Development, 24 (12): 1905-14.
10. De Haan, J. and C.L.J. Siermann (1996) 'Political Instability, Freedom and Economic Growth: Some Further Evidence', Economic Development and Cultural Change, 44: 339-50.
11. De Long, J.B. and L.H. Summers (1992) ' How Strongly do Developing Economies Benefit from Equipment Investment?', Journal of Monetary Economics, 32: 395-415.
12. Easterly, W. and R. Levine (1997) 'Africa's Growth Tragedy: a Retrospective, 1960-1989', Quarterly Journal of Economics, November: 1203-50.
13. Fosu, A.K. (1990) 'Exports and Economic Growth: The African Case', World Development, 18: 831-5.
14. _ (1992) 'Effect of Export Instability on Economic Growth in Africa', The Journal of Developing Areas, 26 (3): 323-32.
15. _ (1995) 'Political Instability and Economic Growth: Evidence from Sub-Saharan Africa', Economic Development and Cultural Change, 40: 829-41.
16. Ghura, D. (1995) 'Macro Policies, External Forces, and Economic Growth in Sub-Saharan Africa', Economic Development and Cultural Change, 43: 759-78.
17. Ghura, D. and T. Grennes (1993) 'The Real Exchange Rate and Macro-economic Performance in Sub Saharan Africa', Journal of Development Economics, 42: 155-74.
18. Grier, K. and G. Tullock (1989) 'An Empirical Analysis of Cross-national Economic Growth, 1951-80', Journal of Monetary Economics, 24: 259-76.
19. Guillaumont, P. (1987) 'From Export Instability Effects to International Stabilization Policies', World Development, 15 (5): 633-43.
20. _ (1994) 'Politique d'ouverture et croissance économique: les effets de la croissance et de l'instabilité des exportations', Revue d'Economie du Développement, 1994 (1): 91-114.
21. Guillaumont, P. and M. Deméocq (1989) 'Risk and Ratchet Effects of Export Earnings Instability: A Cross-sectional Analysis', Etudes et Documents, CERDI.
22. Guillaumont, P. and S. Guillaumont (eds) (1988) Stratégies de développement comparées zone franc et hors zone franc, Economica, Chapter 2.
23. _ (1994) Adjustment and Developmennt. The Experience of the ACP Countries (Africa, Caribbean, Pacific), Economica, Part I, pp. 17-100.
24. Guillaumont, P., S. Guillaumont and P. Plane (1988) 'Participating in African Monetary Unions: an Alternative Evaluation', World Development, 16 (5): 569-76.
25. Gyimah-Brempong K. (1991) 'Export Instability and Economic Growth in Sub-Saharan Africa', Economic Development and Cultural Change, 39 (4): 815-28.
26. Hadjimichael, M.T., D. Ghura, M. Mühleisen, R. Nord and E. Murat Uçer (1995) 'Sub-Saharan Africa: Growth, Savings, and Investment, 1986-93', International Monetary Fund Occasional Paper No. 118, January.
27. Helleiner, G.K. (1986) 'Outward Orientation, Import Instability and African Economic Growth: an Empirical Investigation', in G. Lall and F. Stewart (eds) Theory and Reality in Development: Essays in Honor of Paul Streeten, New York: St Martin Press.
28. Levine, R. and D. Renelt (1992) 'A Sensitivity Analysis of Cross-country Growth Regressions', American Economic Review, 82: 942-63.
29. Lussier, M. (1993) 'Impacts of Exports on Economic Performance: a Comparative Study', Journal of African Economies, 2: 106-27.
30. Mauro, P. (1995) 'Corruption and Growth', Quarterly Journal of Economics, 110: 686-712.
31. Moran, C. (1983) 'Export Fluctuations and Economic Growth: an Empirical Analysis', Journal of Development Economics, 12: 195-218.
32. Ojo, O. and T. Oshikoya (1995) 'Determinants of Long Term Growth: some African Results', Journal of African Economies, 4: 163-91.
33. Ramey, G. and V. Ramey (1995) 'Cross Country Evidence on the Link Between Volatility and Growth', The American Economic Review, 85 (5): 1138-51.
34. Savvides, A. (1995) 'Economic Growth in Africa', World Development, 23: 449-58.
35. Serven, L. (1997) 'Irreversibility, Uncertainty and Private Investment: Analytical Issues and some Lessons for Africa', Journal of African Economies, 6 (3) suppl.: 229-68.
36. Summers, R. and A. Heston (1993) The Penn World Tables, version 5.5, Cambridge MA: National Bureau of Economic Research.