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Achieving the Millennium Development Goals in Sub-Saharan Africa : A Macroeconomic Monitoring Framework

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World Bank (WB)

Abstract: The authors present an integrated macroeconomic approach to monitoring progress toward achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa. At the heart of their approach is a macroeconomic model that captures key linkages between foreign aid, public investment (disaggregated into education, infrastructure, and health), the supply side, and poverty. The model is linked through cross-section regressions to indicators of malnutrition, infant mortality, life expectancy, and access to safe water. A composite MDG indicator is also calculated. The functioning of the framework is illustrated by simulating the impact of an increase in aid and a debt write-off for Niger at the MDG horizon of 2015, under alternative assumptions about the degree of efficiency of public investment. The authors' approach can serve as the building block of Strategy Papers for Human Development (SPAHD), a more encompassing concept than the current "Poverty Reduction" Strategy Papers.
Type: Publications & Research :: Policy Research Working Paper
Publications & Research
Link: http://hdl.handle.net/10986/8521
Subject: ACCOUNTING
ADJUSTMENT COSTS
AGGREGATE DEMAND
AGRICULTURE
BUSINESS CYCLE
CAPITAL
CAPITAL ACCUMULATION
CAPITAL FLOWS
CAPITAL INFLOWS
CENTRAL BANK
COMPETITIVENESS
CONSUMER PRICE INDEX
CONSUMPTION GROWTH
CONSUMPTION LEVELS
COUNTRY REGRESSIONS
DEBT
DEBT RELIEF
DECLINING POVERTY
DEMAND SIDE
DEVELOPING COUNTRIES
DEVELOPING WORLD
DEVELOPMENT ASSISTANCE
DEVELOPMENT ECONOMICS
DEVELOPMENT GOALS
DISPOSABLE INCOME
DOMESTIC BORROWING
DOMESTIC DEMAND
DYNAMIC PANEL
ECONOMIC GROWTH
EDUCATED WORKERS
EDUCATIONAL ATTAINMENT
ELASTICITY
ELECTRICITY
EMPIRICAL ESTIMATION
EMPIRICAL EVIDENCE
EMPIRICAL FINDINGS
EMPIRICAL SUPPORT
ENDOGENOUS GROWTH
ENDOGENOUS VARIABLES
EQUILIBRIUM VALUE
EXCHANGE RATE REGIME
EXOGENOUS RATE
EXPORTS
FOREIGN AID
FOREIGN CAPITAL
FORMAL ANALYSIS
GDP
GDP PER CAPITA
GINI COEFFICIENT
GOVERNMENT SPENDING
GROWTH
GROWTH ELASTICITY
GROWTH MODELS
GROWTH RATE
GROWTH RATES
HIGH ELASTICITY
HUMAN CAPITAL
HUMAN DEVELOPMENT
HUMAN DEVELOPMENT REPORT
IMPROVING GOVERNANCE
IMPROVING PRODUCTIVITY
INCOME
INDIVIDUAL COUNTRIES
INEFFICIENCY
INFANT MORTALITY
INFLATION
INFRASTRUCTURE CAPITAL
INTEREST PAYMENTS
INTERNATIONAL DEVELOPMENT
INVESTMENT PROJECTS
INVESTMENT RATES
LANDLOCKED COUNTRIES
LIFE EXPECTANCY
LIQUIDITY
LIQUIDITY CONSTRAINTS
LIVING STANDARDS
LOW-INCOME COUNTRIES
MACROECONOMIC FRAMEWORK
MACROECONOMIC VARIABLES
MACROECONOMICS
MEMBER COUNTRIES
MORAL HAZARD
NATIONAL INCOME
NET EFFECT
NET EXPORTS
NET FOREIGN ASSETS
OUTSTANDING STOCK
POLICY DEBATE
POLICY RESEARCH
POOR COUNTRIES
POSITIVE EFFECT
POSITIVE EXTERNALITIES
POSITIVE IMPACT
POVERTY LINE
POVERTY RATE
POVERTY RATES
POVERTY REDUCTION
POVERTY REDUCTION STRATEGIES
POVERTY REDUCTION STRATEGY
PRIVATE CAPITAL
PRIVATE CONSUMPTION
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCTION COSTS
PUBLIC
PUBLIC CAPITAL
PUBLIC DEBT
PUBLIC EXPENDITURE
PUBLIC FUNDS
PUBLIC INVESTMENT
PUBLIC INVESTMENT IN EDUCATION
PUBLIC INVESTMENT IN INFRASTRUCTURE
PUBLIC RESOURCES
PUBLIC SPENDING
RATE OF RETURN
REAL EXCHANGE RATE
REAL GDP
REAL INCOME
REDUCING POVERTY
ROADS
RURAL AREAS
SAVING RATE
SAVINGS
SIDE EFFECTS
SIGNIFICANT IMPACT
SOCIAL DEVELOPMENT
TAX
TAX RATE
TAX RATES
TAX REVENUE
TAX REVENUES
TAXATION
TECHNICAL ASSISTANCE
TELECOMMUNICATIONS
WAGES




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