02142cas a2200265 a 4500 AALejournalIMF014705 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498379274 1018-5941 BD-DhAAL BD-DhAAL Mlachila, Montfort. A Quality of Growth Index for Developing Countries : A Proposal / Montfort Mlachila, Rene Tapsoba, Sampawende Tapsoba. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (33 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 paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990-2011. The approach is premised on the fact that not all growth is created equal in terms of social outcomes, and that it does matter how one reaches from one level of income to another for various theoretical and empirical reasons. The paper finds that the quality of growth has been improving in the vast majority of developing countries over the past two decades, although the rate of convergence is relatively slow. At the same time, there are considerable cross-country variations across income levels and regions. Finally, emprirical investigations point to the fact that main factors of the quality of growth are political stability, public pro-poor spending, macroeconomic stability, financial development, institutional quality and external factors such as FDI. Mode of access: Internet Tapsoba, Rene. Tapsoba, Sampawende. IMF Working Papers; Working Paper ; No. 2014/172 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/172/001.2014.issue-172-en.xml IMF e-Library