Macroeconomic framework for structural transformation of African economies

Abstract

Growth and development focused macroeconomic frameworks play a critical role in creating a conducive environment for a country’s transformation. In addition to short term macroeconomic stabilization, effective macroeconomic management has a developmental role to play in an economy. This is done by ensuring that government revenue generation and allocation of resources promote both productivity enhancing structural change and institutional and societal transformation towards an articulate and inclusive economy.