Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54020
Authors: 
Ogunleye, Eric Kehinde
Year of Publication: 
2011
Series/Report no.: 
Working paper // World Institute for Development Economics Research 2011,61
Abstract: 
Purposeful, well-targeted and successful transformation policies will be elusive for a country or region that does not understand the relative importance of its sectoral sources of growth. This study aims at eliciting our understanding in this respect by providing an assessment of the relative importance of the major sectors as sources of growth in sub-Saharan African (SSA) countries. Our findings reveal that, contrary to the general belief that agriculture is the most important contributor to economic growth in SSA countries, rather it is the service sector that leads, followed by agriculture and manufacturing. While not discounting policies aimed at strengthening all sectors, the service sector particularly needs to be better positioned to foster sustainable economic growth in SSA countries.
Subjects: 
Economic growth
sectoral drivers
Arellano-Bond
JEL: 
O40
O47
O55
ISBN: 
978-92-9230-428-7
Document Type: 
Working Paper

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