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Achieving the Millennium Development Goals in Sub‐Saharan Africa: A Macroeconomic Monitoring Framework
Author(s) -
Agénor PierreRichard,
Bayraktar Nihal,
Moreira Emmanuel Pinto,
El Aynaoui Karim
Publication year - 2006
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/j.1467-9701.2006.00853.x
Subject(s) - millennium development goals , life expectancy , poverty , economics , investment (military) , aid effectiveness , development economics , economic growth , public investment , malnutrition , macro , developing country , macroeconomics , population , political science , medicine , fiscal policy , politics , environmental health , computer science , law , programming language
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.