Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status
Ghana is an emerging success story in Africa and in a couple of years will become the first African country to achieve the first Millennium Development Goal of halving its national poverty rate. The government of Ghana has therefore extended its development vision and recently declared the goal of r...
| Autores principales: | , , , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2008
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/161749 |
| _version_ | 1855534587924447232 |
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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 is an emerging success story in Africa and in a couple of years will become the first African country to achieve the first Millennium Development Goal of halving its national poverty rate. The government of Ghana has therefore extended its development vision and recently declared the goal of reaching middle-income-country (MIC) status by 2015. To analyze possible pathways and implications of achieving MIC status, this paper examines other countries' experiences on their way to becoming MICs and emphasizes the important role of growth acceleration, export diversification, and economic structural change in the transformation process. The paper further analyzes Ghana?s growth options and their structural implications using a dynamic computable general equilibrium model recently developed for Ghana. The results of the model simulation suggest that Ghana?s annual GDP growth rate must accelerate from the recent 5.5 percent to 7.6 percent to achieve MIC status by 2015. Unlike in other countries, agriculture in Ghana is likely to remain the mainstay of growth and export earnings, while the role of manufacturing growth in achieving MIC status may be constrained by the manufacturing sector's dependency on agricultural inputs and small size. Services may not become the prime mover of accelerated growth, but improved efficiency in trade, transport, and business services will be a key for growth acceleration in other sectors. |
| format | Artículo preliminar |
| id | CGSpace161749 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2008 |
| publishDateRange | 2008 |
| publishDateSort | 2008 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1617492025-11-06T07:11:17Z Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status Breisinger, Clemens Diao, Xinshen Thurlow, James Yu, Bingxin Kolavalli, Shashidhara developing countries computable general equilibrium models Ghana is an emerging success story in Africa and in a couple of years will become the first African country to achieve the first Millennium Development Goal of halving its national poverty rate. The government of Ghana has therefore extended its development vision and recently declared the goal of reaching middle-income-country (MIC) status by 2015. To analyze possible pathways and implications of achieving MIC status, this paper examines other countries' experiences on their way to becoming MICs and emphasizes the important role of growth acceleration, export diversification, and economic structural change in the transformation process. The paper further analyzes Ghana?s growth options and their structural implications using a dynamic computable general equilibrium model recently developed for Ghana. The results of the model simulation suggest that Ghana?s annual GDP growth rate must accelerate from the recent 5.5 percent to 7.6 percent to achieve MIC status by 2015. Unlike in other countries, agriculture in Ghana is likely to remain the mainstay of growth and export earnings, while the role of manufacturing growth in achieving MIC status may be constrained by the manufacturing sector's dependency on agricultural inputs and small size. Services may not become the prime mover of accelerated growth, but improved efficiency in trade, transport, and business services will be a key for growth acceleration in other sectors. 2008 2024-11-21T09:57:53Z 2024-11-21T09:57:53Z Working Paper https://hdl.handle.net/10568/161749 en Open Access application/pdf International Food Policy Research Institute Breisinger, Clemens; Diao, Xinshen; Thurlow, James; Yu, Bingxin; Kolavalli, Shashidhara. 2008. Accelerating growth and structural transformation. IFPRI Discussion Paper 750. https://hdl.handle.net/10568/161749 |
| spellingShingle | developing countries computable general equilibrium models Breisinger, Clemens Diao, Xinshen Thurlow, James Yu, Bingxin Kolavalli, Shashidhara Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title | Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title_full | Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title_fullStr | Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title_full_unstemmed | Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title_short | Accelerating growth and structural transformation: Ghana's options for reaching middle-income country status |
| title_sort | accelerating growth and structural transformation ghana s options for reaching middle income country status |
| topic | developing countries computable general equilibrium models |
| url | https://hdl.handle.net/10568/161749 |
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