Macroeconomic Policy Framework for Africa's Structural Transformation

1. Front Matter

   Pages i-xxi

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2. An Overview of Structural Transformation and Macroeconomic Policy Imperatives in Africa

   • Carlos Lopes, Abdalla Hamdok, Adam Elhiraika

   Pages 1-35

3. Africa’s Development Trajectory: Past, Present, and Future Directions

   • Fantu Cheru

   Pages 37-62

4. Pattern and Determinants of Structural Transformation in Africa

   • Raghbendra Jha, Sadia Afrin

   Pages 63-95

5. Fiscal Policy, Long-Term Growth and Structural Transformation in Africa

   • George Kararach, Abbi M. Kedir, Eunice Ajambo, Heini Suominen

   Pages 97-143

6. Monetary and Other Financial Policies for Africa’s Structural Transformation

   • Hopestone Kayiska Chavula, Mamo Girma Tefera, Abbi M. Kedir, Yesuf M. Awel

   Pages 145-216

7. Selected Sectoral Policies and Structural Transformation in Africa

   • Souleymane Abdallah, Medhat El-Helepi, Victor Konde, Ottavia Pesce

   Pages 217-262

8. Macroeconomic Policy and Pathways to Structural Transformation of African Economics

   • Carlos Lopes, Abdalla Hamdok, Adam Elhiraika

   Pages 263-280

9. Back Matter

   Pages 281-286

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The main objective of this book is to identify the key sources of growth which have played a significant role in Africa's recent robust growth as well as its efforts towards economic transformation. The book assesses to what extent the existing macroeconomic frameworks among African countries have been streamlined to the countries' development priorities in order to achieve long-term growth and economic transformation. Taking into account the diversity of African countries, the authors establish the economic linkages between relevant macroeconomic policy variables and the key sources of growth and development among the selected African economies, based on both theoretical and empirical underpinnings. Following this, an outline of a macroeconomic framework for Africa’s long-term growth and economic transformation is suggested. 

• Africa
• Economic transformation
• Macroeconomics
• Productivity
• Sustainable development
• Development planning
• Monetary policy
• Trade policy
• United Nations
• U.N.

• United Nations Economic Commission for Africa, Addis Ababa, Ethiopia

  Carlos Lopes, Abdalla Hamdok, Adam Elhiraika

Carlos Lopes is Professor at the Graduate School of Development Policy and Practice, University of Cape Town and Visiting Fellow, Oxford Martin School, Oxford University.
Abdalla Hamdok is Chief Economist and Deputy Executive Secretary of the United Nations Economic Commission for Africa.


Adam Elhiraika is Director of the Macroeconomic Policy Division at the United Nations Economic Commission for Africa.

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