Sources of Growth in the Democratic Republic of the Congo: A Cointegration Approach

Author/Editor:

Matthias Cinyabuguma ; Bernardin Akitoby

Publication Date:

July 1, 2004

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth.

Series:

Working Paper No. 2004/114

Subject:

Agricultural sector Economic sectors Expenditure Mining sector National accounts Production Public expenditure review Total factor productivity Transportation

English

Publication Date:

July 1, 2004

ISBN/ISSN:

9781451853827/1018-5941

Stock No:

WPIEA1142004

Pages:

32

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