Journal ArticleDOI
The real exchange rate and macroeconomic performance in Sub-Saharan Africa
Dhaneshwar Ghura,Thomas Grennes +1 more
TLDR
In this paper, the negative relationship between the real exchange rate misalignment and economic performance (economic growth, imports, exports, saving and investment) was investigated in Sub-Saharan Africa.About:
This article is published in Journal of Development Economics.The article was published on 1993-10-01. It has received 382 citations till now. The article focuses on the topics: Exchange rate.read more
Citations
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Explaining African Economic Performance
Jan Willem Gunning,Paul Collier +1 more
TL;DR: In this paper, the authors review and interpret the aggregate-level and microeconomic literatures to identify the key explanations for Africa's slow growth and a massive exodus of capital, pointing to four factors as being important: lack of openness to international trade, high risk environment, low level of social capital, and poor infrastructure.
Journal ArticleDOI
Explaining African Economic Performance
Paul Collier,Jan Willem Gunning +1 more
TL;DR: This article reviewed and interpreted the aggregate-level and microeconomic literatures to identify the key explanations for Africa's slow growth and a massive exodus of capital, pointing to four factors as being important: a lack of openness to international trade; a high risk environment; a low level of social capital; and poor infrastructure.
Journal ArticleDOI
The impact of terms of trade and real exchange rate volatility on investment and growth in sub-Saharan Africa
Michael Bleaney,David Greenaway +1 more
TL;DR: In this paper, the impact on investment and growth of the level and volatility of the terms of trade and the real effective exchange rate is estimated for a panel of 14 sub-Saharan African countries over 1980-1995.
Journal ArticleDOI
How instability lowers African growth
TL;DR: In this article, the authors assess the role of instabilities on Africa's low rates of growth during the seventies and eighties, using cross-section econometric estimates, on a sample of African and non-African countries and two pooled decades.
Real Exchange Rate Misalignments and Economic Performance
Alvaro Aguirre,Cesar Calderon +1 more
TL;DR: In this article, the efectos of desalineamientos in el TCR and the volatilidad of estos sobre crecimiento economico were evaluated.
References
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Journal ArticleDOI
A Contribution to the Theory of Economic Growth
TL;DR: In this paper, a model of long run growth is proposed and examples of possible growth patterns are given. But the model does not consider the long run of the economy and does not take into account the characteristics of interest and wage rates.
ReportDOI
Economic Growth in a Cross Section of Countries
TL;DR: For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively related to initial human capital (proxied by 1960 school-enrollment rates) and negatively related to the initial (1960) level as mentioned in this paper.
Journal ArticleDOI
The Purchasing-Power Parity Doctrine: A Reappraisal
TL;DR: The purchasing power parity (HIE) doctrine has had its ebbs and flows I over the years as mentioned in this paper and it has also had its critics, among others Taussig after World War J4 and Haberler after WWIJ,5 but it has managed to survive nevertheless.
Journal ArticleDOI
Outward-Oriented Developing Economies Really Do Grow More Rapidly: Evidence from 95 LDCs, 1976-1985
TL;DR: In this paper, a cross country index of real exchange rate distortion using the international comparison of prices prepared by Robert Summers and Alan Heston Resource endowment constitutes the norm and real overvaluation or undervaluation relative to this norm reveals whether incentives are directed to domestic or international market.
Journal ArticleDOI
Macroeconomic determinants of growth: Cross-country evidence
Roger C. Kormendi,Philip Meguire +1 more
TL;DR: The authors examined the cross-sectional relation between the mean growth rate of real product (growth) and variables suggested by the theoretical literature and found that Barro's hypothesis that the variability of monetary shocks adversely affects growth receives strong support.