Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model
Africa’s recent economic growth is at a historical high, the patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of structural...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2014
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/150482 |
| _version_ | 1855518984096448512 |
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| author | Diao, Xinshen McMillan, Margaret S. |
| author_browse | Diao, Xinshen McMillan, Margaret S. |
| author_facet | Diao, Xinshen McMillan, Margaret S. |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Africa’s recent economic growth is at a historical high, the patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of structural transformation, a heated debate has begun over the sustainability of Africa’s growth. In our view, Africa’s recent growth is still not well understood and thus it is difficult to say much that is meaningful about future prospects for growth on the continent. Against this background, we adapt Lewis’s (1954) dual-economy model to the economies of Africa to better understand the role that the “in-between” sector as defined by Lewis (1979) has played in Africa’s recent growth. Our framework incorporates the coexistence of a closed and an open modern economy and takes into account the diversity and heterogeneity of the activities that characterize modern African economies. |
| format | Artículo preliminar |
| id | CGSpace150482 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1504822025-11-06T05:37:31Z Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model Diao, Xinshen McMillan, Margaret S. structural adjustment economic growth mathematical models economic development econometric models Africa’s recent economic growth is at a historical high, the patterns associated with this growth appear to be quite different from the Asian experiences where rapid growth was fueled by labor intensive, export-oriented manufacturing. Because this pattern differs with our typical view of structural transformation, a heated debate has begun over the sustainability of Africa’s growth. In our view, Africa’s recent growth is still not well understood and thus it is difficult to say much that is meaningful about future prospects for growth on the continent. Against this background, we adapt Lewis’s (1954) dual-economy model to the economies of Africa to better understand the role that the “in-between” sector as defined by Lewis (1979) has played in Africa’s recent growth. Our framework incorporates the coexistence of a closed and an open modern economy and takes into account the diversity and heterogeneity of the activities that characterize modern African economies. 2014 2024-08-01T02:52:02Z 2024-08-01T02:52:02Z Working Paper https://hdl.handle.net/10568/150482 en https://hdl.handle.net/10568/150433 https://hdl.handle.net/10568/151474 https://hdl.handle.net/10568/150419 Open Access application/pdf International Food Policy Research Institute Diao, Xinshen and McMillan, Margaret S. 2014. Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model. IFPRI Discussion Paper 1380. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/150482 |
| spellingShingle | structural adjustment economic growth mathematical models economic development econometric models Diao, Xinshen McMillan, Margaret S. Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title | Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title_full | Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title_fullStr | Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title_full_unstemmed | Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title_short | Towards understanding economic growth in Africa: A reinterpretation of the Lewis Model |
| title_sort | towards understanding economic growth in africa a reinterpretation of the lewis model |
| topic | structural adjustment economic growth mathematical models economic development econometric models |
| url | https://hdl.handle.net/10568/150482 |
| work_keys_str_mv | AT diaoxinshen towardsunderstandingeconomicgrowthinafricaareinterpretationofthelewismodel AT mcmillanmargarets towardsunderstandingeconomicgrowthinafricaareinterpretationofthelewismodel |