Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status

Ghana has made considerable progress over the last 20 years in sustaining economic growth and reducing poverty. The Government of Ghana has declared its new development goal of reaching middle-income status by 2015. Achieving this goal will require Ghana to double its per capita income over the next...

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Main Authors: Breisinger, Clemens, Diao, Xinshen, Thurlow, James, Yu, Bingxin, Kolavalli, Shashidhara
Format: Artículo preliminar
Language:Inglés
Published: International Food Policy Research Institute 2007
Subjects:
Online Access:https://hdl.handle.net/10568/160181
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author Breisinger, Clemens
Diao, Xinshen
Thurlow, James
Yu, Bingxin
Kolavalli, Shashidhara
author_browse Breisinger, Clemens
Diao, Xinshen
Kolavalli, Shashidhara
Thurlow, James
Yu, Bingxin
author_facet Breisinger, Clemens
Diao, Xinshen
Thurlow, James
Yu, Bingxin
Kolavalli, Shashidhara
author_sort Breisinger, Clemens
collection Repository of Agricultural Research Outputs (CGSpace)
description Ghana has made considerable progress over the last 20 years in sustaining economic growth and reducing poverty. The Government of Ghana has declared its new development goal of reaching middle-income status by 2015. Achieving this goal will require Ghana to double its per capita income over the next decade. In this paper we explore the growth experiences of other developing countries that have successfully transformed their economies from situations similar to Ghana’s today. Based on the past experiences of these fast growing countries, and using a dynamic general equilibrium model developed for Ghana, we evaluate sources of accelerated growth and their contributions to overall growth and transformation... The authors conclude that, for Ghana to reach middle-income status it will require careful coordination between increasingly complex macroeconomic, industrial and financial market policies, which also require the improvement of institutional capacity of the government to implement such complex policies.
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spelling CGSpace1601812025-11-06T07:23:58Z Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status Breisinger, Clemens Diao, Xinshen Thurlow, James Yu, Bingxin Kolavalli, Shashidhara growth agricultural sector exports structural change developing countries Ghana has made considerable progress over the last 20 years in sustaining economic growth and reducing poverty. The Government of Ghana has declared its new development goal of reaching middle-income status by 2015. Achieving this goal will require Ghana to double its per capita income over the next decade. In this paper we explore the growth experiences of other developing countries that have successfully transformed their economies from situations similar to Ghana’s today. Based on the past experiences of these fast growing countries, and using a dynamic general equilibrium model developed for Ghana, we evaluate sources of accelerated growth and their contributions to overall growth and transformation... The authors conclude that, for Ghana to reach middle-income status it will require careful coordination between increasingly complex macroeconomic, industrial and financial market policies, which also require the improvement of institutional capacity of the government to implement such complex policies. 2007 2024-11-21T09:50:13Z 2024-11-21T09:50:13Z Working Paper https://hdl.handle.net/10568/160181 en Open Access application/pdf International Food Policy Research Institute Breisinger, Clemens; Diao, Xinshen; Thurlow, James; Yu, Bingxin; Kolavalli, Shashidhara. Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status. GSSP Working Paper. 7. International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/160181
spellingShingle growth
agricultural sector
exports
structural change
developing countries
Breisinger, Clemens
Diao, Xinshen
Thurlow, James
Yu, Bingxin
Kolavalli, Shashidhara
Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title_full Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title_fullStr Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title_full_unstemmed Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title_short Accelerated growth and structural transformation: Assessing Ghana’s options to reach middle-income status
title_sort accelerated growth and structural transformation assessing ghana s options to reach middle income status
topic growth
agricultural sector
exports
structural change
developing countries
url https://hdl.handle.net/10568/160181
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