africa

Africa at a Fork in the Road: Taking Off or Disappointment Once Again?
Figure 29.4: Correlation between Growth and Governance in Africa Since 2000
Source: Authors’ calculations based on data from www.govindicators.org
29.6.2 Effects of war (political stability)
Analysis of the effects of political instability on growth reversals shows (as expected)
that increased episodes of civil war increase growth reversals, both in Africa as a
whole and in authoritarian regimes, but not in oil/natural resource exporters nor in
non-fuel primary products exporters. The results further show that civil war makes
the largest contribution to growth reversals in Africa.
The results above relate very well with the recent trends in the prevalence of conflict
in Africa (Figure 29.5) and with the extent to which growth reversals have declined
in the past decade and especially since the 1990s.
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