01863cas a2200253 a 4500 AALejournalIMF013997 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475516487 1018-5941 BD-DhAAL BD-DhAAL Ghazanchyan, Manuk. Drivers of Growth : Evidence from Sub-Saharan African Countries / Manuk Ghazanchyan, Janet Stotsky. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (38 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 This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange rate, and current account liberalization, using various econometric methodologies, including fixed and random effects models, with cluster-robust standard errors. We find that, depending on the specification, higher private and public investments boost growth. Some evidence is found that government consumption exerts a drag on growth and that more flexible exchange regimes are beneficial to growth. The real exchange rate and liberalization variables are not significant. Mode of access: Internet Stotsky, Janet. IMF Working Papers; Working Paper ; No. 2013/236 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/236/001.2013.issue-236-en.xml IMF e-Library