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Economic Growth and Measurement Reconsidered in Botswana, Kenya, Tanzania, and Zambia, 1965-1995 - Hardcover
Synopsis
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.
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About the Author
Morten Jerven, Associate Professor, School for International Studies, Simon Fraser University
Morten Jerven is an economic historian and holds a PhD from the London School of Economics. Since 2009, he has been Assistant Professor at the School for International Studies at Simon Fraser University. He is author of Poor Numbers: How We Are Misled by African Development Statistics and What to Do about It and has published widely on African economic development, and particularly on patterns of economic growth and economic development statistics.
Review
This book, which includes useful notes, bibliography, and index, is highly recommended for those interested in economic growth and development. * J. E. Weaver, Drake University * 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. * J. E. Weaver, Drake University, CHOICE *
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- PublisherOxford University Press
- Publication date2014
- ISBN 10 0199689911
- ISBN 13 9780199689910
- BindingHardcover
- LanguageEnglish
- Number of pages228
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Hardcover. Condition: new. Hardcover. 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 1960sand 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. Thecoverage 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 ofAfrican economic performance. 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. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9780199689910
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