01882cas a2200265 a 4500 AALejournalIMF007056 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455217861 1018-5941 BD-DhAAL BD-DhAAL Korbut, Olessia. Growth in Africa Under Peace and Market Reforms / Olessia Korbut, Gonzalo Salinas, Cheikh Gueye. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region's ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource - based exports. Yet, we find that low growth has not been common to all SSA countries and that those that achieved political stability and significantly liberalized their economies experienced high growth in income per capita, as high as ASEAN-5 countries. This group of SSA countries attained high growth while maintaining their specialization in natural resource exports. Our analysis also rejects the hypothesis of reverse causality: that good growth performance allowed countries to attain political stability or liberalize their economies. Mode of access: Internet Gueye, Cheikh. Salinas, Gonzalo. IMF Working Papers; Working Paper ; No. 2011/040 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/040/001.2011.issue-040-en.xml IMF e-Library