Abdychev, Aidar; Jirasavetakul, La-Bhus Fah; Jonelis, … - International Monetary Fund (IMF) - 2015
Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the success of many SMICs historically, this growth model appears to have run its course....
