There is systematic contagion across national borders. Favourable or unfavourable growth performance of one's neighbours tends to influence one's own long-run growth rate. Policy choices are also contagious across borders. While improving policies alone boosts growth substantially, the growth effects are much larger if neighbouring countries act together.
|Original language||English (US)|
|Number of pages||23|
|Journal||Journal of African Economies|
|State||Published - Mar 1998|
ASJC Scopus subject areas
- Economics and Econometrics