Growth in Senegal : The 1995-2005 Experience

Following several years of disappointing economic performance, Senegal has made an important turnaround, with real Gross Domestic Product (GDP) growth averaging over 5 percent annually during 1995-2005. This paper shows that macroeconomic and struc...

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Bibliographic Details
Main Author:	Ndiaye, Mansour
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACCESS TO EDUCATION ADJUSTMENT POLICIES ADMINISTRATIVE PROCEDURES AGRICULTURAL OUTPUT AGRICULTURAL SECTOR AGRICULTURE ARREARS ARREARS ACCUMULATION BALANCE OF PAYMENTS BALANCE OF TRADE BANKING CRISIS BANKING REGULATION BANKING SYSTEM BILL BUSINESS LAW CAPITAL FORMATION CENTRAL BANK CHLORINE CLIMATE CHANGE CLIMATIC CONDITIONS COMMERCIAL LAW COMPANY LAW COMPETITIVENESS CONSOLIDATION CORRUPTION CREDIT POLICY CREDITORS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCES CURRENT ACCOUNT DEFICIT CUSTOMS DUTIES CUSTOMS UNION DEBT DEBT RELIEF DEBT RELIEFS DECENTRALIZATION DEMOCRATIC PROCESSES DEPOSITS DEVALUATION DEVALUATION PERIOD DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DIVERSIFICATION DOMESTIC ARREARS DOMESTIC DEMAND DOMESTIC SECURITY ECONOMIC ACTIVITY ECONOMIC DECISION ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC REFORM ECONOMIC REFORMS ECONOMIC RESEARCH ECONOMICS EMPLOYMENT OPPORTUNITIES ENROLLMENT ENVIRONMENTAL EQUIPMENT EXCHANGE RATE EXCHANGE RATE POLICY EXOGENOUS SHOCKS EXPENDITURE EXPORT DIVERSIFICATION EXPORT PERFORMANCE EXPORTS EXPOSURE EXTERNAL DEBT FINANCIAL POLICY FINANCIAL PRODUCTS FINANCIAL SAVINGS FINANCIAL SUPPORT FINANCIAL VIABILITY FINANCING OF ENTERPRISES FIRST COMPANIES FISCAL DEFICIT FISCAL POLICIES FISCAL POLICY FISHERIES FLEXIBLE INTEREST RATES FOREIGN ASSETS FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GLOBAL ECONOMY GOVERNANCE ISSUES GOVERNMENT DEFICIT GREENHOUSE GASES GROSS CAPITAL FORMATION GROWTH PERFORMANCE GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL IMPORT IMPORTS INCOME SHOCKS INCOME-GENERATING ACTIVITIES INEQUALITY INFLATION INFLATION RATE INTERNATIONAL BANK INTERNATIONAL COMPETITIVENESS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INVENTORIES INVESTMENT FUNDS INVESTMENT RATES INVESTOR INTEREST JUDICIAL SYSTEM LABOR COSTS LABOR MARKET LIVING CONDITIONS LOSS OF REVENUE MACROECONOMIC ENVIRONMENT MACROECONOMIC STABILITY MARKET CAPITALIZATION MARKET MECHANISMS MINIMUM WAGE MONETARY FUND MONETARY POLICIES MONETARY POLICY MONETARY UNION MONEY MARKET MONOPOLIES MONOPOLY NATURAL RESOURCES OBSTACLES TO GROWTH OIL OIL PRICES PEER PRESSURE PEG POLICY DECISIONS POLICY MAKERS POLITICAL ECONOMY POVERTY ALLEVIATION POVERTY REDUCTION PRICE COMPETITIVENESS PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATIZATION PRIVATIZATIONS PRODUCTION COSTS PRODUCTIVITY GROWTH PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCES PUBLIC GOODS PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIP RATES OF INFLATION RE-EXPORTS REAL EFFECTIVE EXCHANGE RATE REAL ESTATE REAL EXCHANGE RATE REAL EXCHANGE RATE MISALIGNMENT REAL GDP REGULATORY FRAMEWORK REMITTANCES RESERVES RETURN RULE OF LAW SECURITIES SECURITIES EXCHANGE SLOW GROWTH SOCIAL DEVELOPMENT SOCIAL INEQUALITIES SOURCE OF INCOME STOCK EXCHANGE STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS TAX TAX COLLECTION TAX REVENUE TAX SYSTEM TAXATION TELECOMMUNICATIONS TOTAL EXPORTS TRADE DEFICIT TRADE POLICIES TRADE PROTECTION TRADE RESTRICTIVENESS TRANSPARENCY TREATY UNCERTAINTIES UNION URBAN AREAS WAGES WITHDRAWAL WORLD MARKETS WORLD PRICES
Online Access:	http://documents.worldbank.org/curated/en/578381468103765381/Growth-in-Senegal-the-1995-2005-experience http://hdl.handle.net/10986/28038

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Summary:	Following several years of disappointing economic performance, Senegal has made an important turnaround, with real Gross Domestic Product (GDP) growth averaging over 5 percent annually during 1995-2005. This paper shows that macroeconomic and structural reforms are key factors explaining this recovery. Drivers of sound economic policy decisions in Senegal have included enhanced democratic processes, political commitment to the West African Economic and Monetary Union (WAEMU), and donor community conditionalities.

Growth in Senegal : The 1995-2005 Experience

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