| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21018 |
| 来源ID | Working Paper 21018 |
| Toward an Understanding of Economic Growth in Africa: A Re-Interpretation of the Lewis Model | |
| Xinshen Diao; Margaret McMillan | |
| 发表日期 | 2015-03-16 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | 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. One thing is clear: the recent growth is not well understood. 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. We apply this framework to the economy of Rwanda to assess Rwanda’s future growth prospects based on different levels of foreign capital inflows. We find that higher foreign inflows lead to significantly more growth in the closed modern economy and stagnant growth in the open modern economy, a phenomenon consistent with recently observed patterns of growth across several African countries. |
| 主题 | Development and Growth ; Development ; Country Studies |
| URL | https://www.nber.org/papers/w21018 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578691 |
| 推荐引用方式 GB/T 7714 | Xinshen Diao,Margaret McMillan. Toward an Understanding of Economic Growth in Africa: A Re-Interpretation of the Lewis Model. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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