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Main author:	Weeks, John
Format:	Conference or Workshop Items
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id	eprints-6509
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	There is a considerable literature on the growth performance of the subSaharan countries, which tends to focus on average rates of growth over shorter or longer periods. This paper demonstrates that a key characteristic of the countries of the sub-Saharan region is the instability of growth rates, across countries, but, even more, for individual countries over time. The dispersion of country growth rates is not normally distributed; on the contrary, measures of dispersion are negatively correlated with long-term growth rates. It is argued that this instability, greater than in other regions, is the result of underdevelopment. Reducing instability is a task of long-run development policy, rather than short-term macro management. Further, it is probably the case that aspects of market deregulation make very poor countries more prone to instability.
format	Conference or Workshop Items
author	Weeks, John
author_facet	Weeks, John
authorStr	Weeks, John
author_letter	Weeks, John
title	Growth Variability among and within African Countries: An Aspect of Unsustained Development. CDPR Discussion Paper 1801
publishDate	2001
url	https://eprints.soas.ac.uk/6509/