Economic structure, growth, and evolution of inequality and poverty in Africa : an overview

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dc.contributor.author Fosu, Augustin Kwasi
dc.date.accessioned 2018-01-29T12:43:53Z
dc.date.issued 2018-01
dc.description.abstract Is Africa experiencing a growth ‘miracle’? Rodrik (2018) seems sceptical, and provides evidence based on modern growth theory to support the scepticism: the recent relatively impressive growth does not seem sustainable. Related to the issue of sustainability is economic structure. Diao et al. (2018) find that accompanying the recent growth record has been improving agricultural labour productivity, a reduction of the agricultural labour share and increasing manufacturing employment, evidence that is consistent with that observed for industrialised economies. Thorbecke and Ouyang (2018) also find that while the efficacy of translating growth into poverty reduction remains lower for Africa than elsewhere, there is evidence of poverty convergence recently in Africa, contrary to that for developing countries generally. Fosu (2018) observes the dominant importance, on average, of growth for poverty reduction in Africa, but also underscores the critical role of inequality, especially for certain countries. Exploring why inequality is particularly high in Africa, Shimeles and Nabassaga (2018) uncover ethnic fractionalisation, limited tertiary education, and poor governance as major culprits, and inequality of opportunity as the dominant component. Bigsten (2018) identifies the dual-economy nature of colonial arrangements as the genesis for Africa’s high inequality, and proposes an enhanced pro-poor Lewis-type modern-sector enlargement as a potential solution. en_ZA
dc.description.department Economics en_ZA
dc.description.embargo 2019-12-19
dc.description.librarian hj2018 en_ZA
dc.description.uri http://jae.oxfordjournals.org en_ZA
dc.identifier.citation Fosu, A.K. 2018, 'Economic structure, growth, and evolution of inequality and poverty in Africa: an overview', Journal of African Economies, vol. 27, no. 1, pp. 1-9. en_ZA
dc.identifier.issn 0963-8024 (print)
dc.identifier.issn 1464-3723 (online)
dc.identifier.other 10.1093/jae/ejx036
dc.identifier.uri http://hdl.handle.net/2263/63785
dc.language.iso en en_ZA
dc.publisher Oxford University Press en_ZA
dc.rights © The Author 2017. Published by Oxford University Press on behalf of the Centre for the Study of African Economies, all rights reserved. This is a pre-copy-editing, author-produced PDF of an article accepted for publication in Journal of African Economies following peer review. The definitive publisher-authenticated version is : Title, Journal of African Economies, vol. 27, no. 1, pp. 1-9, 2018. doi : 10.1093/jae/ejx036, is available online at : http://jae.oxfordjournals.org. en_ZA
dc.subject Africa en_ZA
dc.subject Economic structure en_ZA
dc.subject Growth en_ZA
dc.subject Inequality en_ZA
dc.subject Poverty en_ZA
dc.subject Poverty alleviation en_ZA
dc.subject Labor productivity en_ZA
dc.subject Employment en_ZA
dc.subject Economic theory en_ZA
dc.subject Economic growth en_ZA
dc.subject Developing world en_ZA
dc.subject Agricultural labor en_ZA
dc.title Economic structure, growth, and evolution of inequality and poverty in Africa : an overview en_ZA
dc.type Postprint Article en_ZA


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