Explaining the WAEMU Growth Spurt — The Role of Financial Deepening and Macro Policy

Abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

Structural Change and Productivity Growth in Guinea

“…This decline is most pronounced for rural females over the age of 25 who have a primary education; it has been accompanied by a systematic increase in the productivity of the labor force, as it has moved from low productivity agriculture to higher productivity services and manufacturing. Haile and Moller (2018) examine the determinants of growth acceleration in West African Economic and Monetary Union (WAEMU) countries over the period 2011-17. Using the structural change lens as one of the methods of analysis, they find that growth was driven by static structural change and within-sector productivity growth.…”