TY - BOOK ID - 133556340 TI - Achieving Accelerated and Shared Growth in Ghana : A MAMS-Based Analysis of Costs and Opportunities AU - Bogetic, Zeljko AU - Bussolo, Maurizio AU - Medvedev, Denis PY - 2008 PB - Washington, D.C., The World Bank, DB - UniCat KW - Development Economics KW - Development Goals KW - Economic Theory and Research KW - Health, Nutrition and Population KW - Human capital KW - Human development KW - Macroeconomic stability KW - Macroeconomics and Economic Growth KW - Policy packages KW - Policy Research KW - Population Policies KW - Poverty Reduction KW - Pro-Poor Growth KW - Public Sector Economics and Finance KW - Public Sector Expenditure Analysis and Management KW - Rapid growth KW - Unskilled labor UR - https://www.unicat.be/uniCat?func=search&query=sysid:133556340 AB - This paper relies on the recently developed Maquette for Millennium Development Goals Simulations (MAMS) model to assess the consistency of alternative scaling-up and policy packages for growth and achievement of the Millennium Development Goals in Ghana. In the baseline scenario, Ghana's strong near and medium-term growth outlook puts it in a good position to achieve the poverty Millennium Development Goal ahead of schedule, but other goals are likely to remain elusive before 2015. In the accelerated growth scenario-which addresses the major gaps in water and sanitation and other infrastructure-even more rapid growth and poverty reduction are possible, but important targets in the areas of education, health, and environment remain unattainable. Although growth is complementary to achievement of the Millennium Development Goals, the authors also find important growth-human development trade-offs in the near term. The estimates show that the resource requirements for achieving the key Millennium Development Goals by 2015 are large, reaching USD 82 per capita in an illustrative foreign-grant financed scenario. Increased intake and retention of students contribute to rising scarcity of unskilled labor, buttressing unskilled wages, while high demand for skills from the sectors related to the Millennium Development Goals raises the returns to human capital. These developments lead to improvements in the welfare of the poorest members of Ghanaian society and contribute to a small reduction in overall inequality. ER -