Economic Growth and Measurement Reconsidered in Botswana, Kenya, Tanzania, and Zambia, 1965-1995
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Product details:
- Publisher OUP Oxford
- Date of Publication 27 March 2014
- ISBN 9780199689910
- Binding Hardback
- No. of pages228 pages
- Size 241x162x21 mm
- Weight 508 g
- Language English
- Illustrations 12 Figures and 46 Tables 0
Categories
Short description:
A study of how growth is measured in Botswana, Kenya, Tanzania, and Zambia. It looks at average economic growth, GDP measurements, and the association, or lack thereof, between economic growth and orthodox economic policies.
MoreLong description:
How do we measure African economic performance? This volume studies how growth is measured in Botswana, Kenya, Tanzania and Zambia and challenges commonly held beliefs of African economic performance.
The volume offers a reconsideration of economic growth in Africa in three respects. First, it shows that the focus has been on average economic growth and that there has been no failure of economic growth. In particular the gains made in the 1960s and 1970s have been neglected. Second, it emphasizes that for many countries the decline in economic growth in the 1980s was overstated, as was the improvement in economic growth in the 1990s. The coverage of economic activities in GDP measures is incomplete. In the 1980s many economic activities were increasingly missed in the official records thus the decline in the 1980s was overestimated (resulting from declining coverage) and the increase in the 1990s was overestimated (resulting from increasing coverage). The third important reconsideration is that there is no clear association between economic growth and orthodox economic policies. This is counter to the mainstream interpretation, and suggests that the importance of sound economic policies has been overstated, and that the importance of the external economic conditions have been understated in the prevailing explanation of African economic performance.
In considerable detail, Jerven (London School of Economics) looks at how national accounts were developed in Botswana, Kenya, Tanzania, and Zambia. He shows how disaggregated (sectoral) data can provide more insight into economic growth in a country than aggregate GDP ... This book, which includes useful notes, bibliography, and index, is highly recommended for those interested in economic growth and development.
Table of Contents:
Introduction
African Economic Growth Reconsidered
Measuring African Economic Growth
Measurement in Botswana, Kenya, Tanzania and Zambia 1965-1995
Economic Growth and Measurement Reconsidered: Botswana
Economic Growth and Measurement Reconsidered: Kenya
Economic Growth and Measurement Reconsidered: Tanzania
Economic Growth and Measurement Reconsidered: Zambia
Economic Growth in Botswana, Kenya, Tanzania, and Zambia Reconsidered
Conclusion
