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    <link>https://hdl.handle.net/10419/52735</link>
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    <pubDate>Tue, 28 Apr 2026 07:45:44 GMT</pubDate>
    <dc:date>2026-04-28T07:45:44Z</dc:date>
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      <title>Understanding the African growth record: The importance of policy syndromes and governance</title>
      <link>https://hdl.handle.net/10419/84673</link>
      <description>Title: Understanding the African growth record: The importance of policy syndromes and governance
Authors: Fosu, Augustin Kwasi
Abstract: The current paper, first, finds that although the post-independence growth of African economies has fallen substantially below that of other regions, this comparative evidence is less than uniform across time and countries. Second, it uncovers total factor productivity as the primary culprit underlying the generally dismal growth record. Third, reflecting recent evidence, the paper finds that policy syndromes represent a major culprit explaining the growth performance, with their absence accounting for nearly 3.0 percentage point rise in the annual per capita GDP growth via increases in TFP. Finally, the paper finds that governance exerts positive direct and indirect impacts on growth; the latter is via the potential ability of governance to achieve a syndrome-free regime.</description>
      <pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
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      <dc:date>2009-01-01T00:00:00Z</dc:date>
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    <item>
      <title>The global economic crisis: Towards syndrome-free recovery for Africa</title>
      <link>https://hdl.handle.net/10419/84669</link>
      <description>Title: The global economic crisis: Towards syndrome-free recovery for Africa
Authors: Fosu, Augustin Kwasi; Naudé, Wim
Abstract: This paper outlines the impact of the global economic crisis on Africa. Recovery requires coordinated and consistent efforts to assist individual countries in mitigating (reducing) the risk, coping with the impact, and reducing risk over the longer term. Care should be exercised to maintain and improve good governance, which is essential for African countries to avoid introducing various anti-growth policy syndromes into their economies. These could arise if responses to the crisis result in (i) further boom-bust cycles and flaming the historically high volatility of African growth, including inflation, (ii) another debt crisis, (iii) household engaging in adverse coping strategies with lasting impacts; (iv) reversal of gains made in opening up African economies and aid architecture.</description>
      <pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
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      <dc:date>2009-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Aid and growth: Have we come full circle?</title>
      <link>https://hdl.handle.net/10419/84674</link>
      <description>Title: Aid and growth: Have we come full circle?
Authors: Arndt, Channing; Jones, Sam; Tarp, Finn
Abstract: The micro-macro paradox has been revived. Despite broadly positive evaluations at the micro and meso-levels, recent literature has turned decidedly pessimistic with respect to the ability of foreign aid to foster economic growth. Policy implications, such as the complete cessation of aid to Africa, are being drawn on the basis of fragile evidence. This paper first assesses the aid-growth literature with a focus on recent contributions. The aid-growth literature is then framed, for the first time, in terms of the Rubin Causal Model, applied at the macroeconomic level. Our results show that aid has a positive and statistically significant causal effect on growth over the long run with point estimates at levels suggested by growth theory. We conclude that aid remains an important tool for enhancing the development prospects of poor nations.</description>
      <pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
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      <dc:date>2009-01-01T00:00:00Z</dc:date>
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    <item>
      <title>Revisiting the global food architecture: Lessons from the 2008 food crisis</title>
      <link>https://hdl.handle.net/10419/84664</link>
      <description>Title: Revisiting the global food architecture: Lessons from the 2008 food crisis
Authors: Christiaensen, Luc
Abstract: The 2008 episode of food price explosion, political turmoil, and human suffering revealed important flaws in the current global food architecture. This paper argues that to safeguard the strengths of the current system, four failures in market functioning and policymaking must be addressed. First, governments must reinvest in agriculture with a focus on public goods and subject to increased public accountability to re-ensure the global food supply. Second, the policy-induced link between food and fuel prices must be broken through a revision of EU and US agro-fuel policies. Third, better sharing of information on food stocks, stricter WTO regulation of export restrictions, and some form of globally managed buffer stock will be minimum requirements to prevent the resurgence of inefficient national food self-sufficiency policies. Fourth, a market-based food security system is only sustainable given well functioning national social safety nets.</description>
      <pubDate>Thu, 01 Jan 2009 00:00:00 GMT</pubDate>
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      <dc:date>2009-01-01T00:00:00Z</dc:date>
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