Achieving the millennium development goals in sub-saharan Africa: A macroeconomic monitoring framework

Pierre Richard Agénor, Nihal Bayraktar, Emmanuel Pinto Moreira, Karim El Aynaoui

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

This paper presents a macroeconomic approach to monitoring progress toward achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa. At the heart of our framework is a macro model which captures key linkages between foreign aid, public investment (disaggregated into education, infrastructure and health), the supply side and poverty. The model is then linked through cross-country regressions to indicators of malnutrition, infant mortality, life expectancy and access to safe water. A composite MDG Indicator is also calculated. The functioning of our framework is illustrated by simulating the impact of an increase in foreign aid to Niger at the MDG horizon of 2015, under alternative assumptions about the degree of efficiency of public investment. Our approach can serve as the building block for Strategy Papers for Human Development (SPAHD), a more encompassing concept than the current 'Poverty Reduction'Strategy Papers.

Original languageEnglish (US)
Pages (from-to)1519-1547
Number of pages29
JournalWorld Economy
Volume29
Issue number11
DOIs
StatePublished - Nov 2006

All Science Journal Classification (ASJC) codes

  • Accounting
  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

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