TY - BOOK ID - 84655877 TI - A Quality of Growth Index for Developing Countries : A Proposal AU - Mlachila, Montfort. AU - Tapsoba, Rene. AU - Tapsoba, Sampawende. PY - 2014 SN - 1484307208 1498397085 1498352707 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Capital movements KW - Business cycles KW - Economic cycles KW - Economic fluctuations KW - Cycles KW - Econometric models. KW - Macroeconomics KW - Economic Growth and Aggregate Productivity: General KW - Economywide Country Studies: Africa KW - Health: General KW - Education: General KW - Measurement and Analysis of Poverty KW - Personal Income, Wealth, and Their Distributions KW - Aggregate Factor Income Distribution KW - Education KW - Health economics KW - Economic growth KW - Health KW - Inclusive growth KW - Personal income KW - Income inequality KW - National accounts KW - Economic development KW - Income KW - Income distribution KW - Central African Republic UR - https://www.unicat.be/uniCat?func=search&query=sysid:84655877 AB - This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the period 1990-2011. The approach is premised on the fact that not all growth is created equal in terms of social outcomes, and that it does matter how one reaches from one level of income to another for various theoretical and empirical reasons. The paper finds that the quality of growth has been improving in the vast majority of developing countries over the past two decades, although the rate of convergence is relatively slow. At the same time, there are considerable cross-country variations across income levels and regions. Finally, emprirical investigations point to the fact that main factors of the quality of growth are political stability, public pro-poor spending, macroeconomic stability, financial development, institutional quality and external factors such as FDI. ER -