LEADER 05268oam 22011054 450 001 9910812130603321 005 20240402044638.0 010 $a1-4623-1441-4 010 $a1-4519-9837-6 010 $a1-4518-7145-7 010 $a9786612842221 010 $a1-282-84222-6 035 $a(CKB)3170000000055157 035 $a(SSID)ssj0000944027 035 $a(PQKBManifestationID)11559071 035 $a(PQKBTitleCode)TC0000944027 035 $a(PQKBWorkID)10982754 035 $a(PQKB)10713499 035 $a(OCoLC)762819540 035 $a(MiAaPQ)EBC1605866 035 $a(IMF)WPIEE2008287 035 $a(EXLCZ)993170000000055157 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aExplaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa /$fGonzalo Salinas, Patrick Imam 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (46 pages) $cillustrations 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/287 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1582-9 327 $aIntro -- CONTENTS -- Contents -- I. Introduction -- II. West African Economic Performance in Perspective -- III. Growth Turnarounds and Their Determinants -- A. Identifying Growth Turnarounds -- B. Stylized Facts of Turnarounds -- C. Growth Determinants -- Terms of Trade -- Remittances -- Foreign Aid -- Governance -- Rainfall -- Ethnic Fractionalization -- Distance/Landlockedness -- Climate and Malaria -- IV. Methodology -- V. Econometric Analysis -- VI. Conclusion And Policy Implications. 330 3 $aThe growth literature has had problems explaining the "sub-Saharan African growth dummy" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate our analysis on episodes of growth turnarounds (identifying growth accelerations, decelerations, and collapses) and use only West African countries in our sample. The driving force of growth turnarounds are estimated by analyzing external shocks, political and institutional changes, economic reforms, and indicators particularly relevant to the region. Using probits for a group of 22 Western African economies for the period 1960-2006, we find that growth accelerations are most clearly associated with external shocks, economic liberalization, political stability, and closeness to the coast; decelerations occurred during short-lived regimes and when corruption indices weakened; and collapses are linked to external shocks, falling domestic credit, and proximity to the coast. We then identify policy implications. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/287 606 $aBusiness cycles$zAfrica, West$xEconometric models 606 $aEconomic development$zAfrica, West$xEconometric models 606 $aFinancial crises$zAfrica, West$xEconometric models 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aCriminology$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aRemittances$2imf 606 $aForeign Aid$2imf 606 $aBureaucracy$2imf 606 $aAdministrative Processes in Public Organizations$2imf 606 $aCorruption$2imf 606 $aInternational economics$2imf 606 $aCorporate crime$2imf 606 $awhite-collar crime$2imf 606 $aTerms of trade$2imf 606 $aIncome$2imf 606 $aForeign aid$2imf 606 $aEconomic policy$2imf 606 $anternational cooperation$2imf 606 $aInternational finance$2imf 606 $aInternational relief$2imf 607 $aAfrica, West$xEconomic conditions$xEconometric models 607 $aEquatorial Guinea, Republic of$2imf 615 0$aBusiness cycles$xEconometric models. 615 0$aEconomic development$xEconometric models. 615 0$aFinancial crises$xEconometric models. 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aCriminology 615 7$aEmpirical Studies of Trade 615 7$aAggregate Factor Income Distribution 615 7$aRemittances 615 7$aForeign Aid 615 7$aBureaucracy 615 7$aAdministrative Processes in Public Organizations 615 7$aCorruption 615 7$aInternational economics 615 7$aCorporate crime 615 7$awhite-collar crime 615 7$aTerms of trade 615 7$aIncome 615 7$aForeign aid 615 7$aEconomic policy 615 7$anternational cooperation 615 7$aInternational finance 615 7$aInternational relief 676 $a338.542 700 $aSalinas$b Gonzalo$01621218 701 $aImam$b Patrick$01610209 801 0$bDcWaIMF 906 $aBOOK 912 $a9910812130603321 996 $aExplaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa$93954392 997 $aUNINA