Chapter

African Economic Growth Reconsidered

Morten Jerven

in Economic Growth and Measurement Reconsidered in Botswana, Kenya, Tanzania, and Zambia, 1965-1995

Published in print March 2014 | ISBN: 9780199689910
Published online April 2014 | e-ISBN: 9780191770388 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780199689910.003.0002
African Economic Growth Reconsidered

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Studies of growth in post-colonial Africa have overwhelmingly focused on explaining the failure of economic growth in Africa. This “stylized fact” must be qualified, and when this is taken into account, the normal explanations of African economic growth appear incoherent. The notion of chronic African growth failure has diverted attention from the process of economic growth and left important questions unaddressed. It is argued that African economic performance should be evaluated from a different perspective.

Keywords: economic growth; Africa; statistics; economic development; GDP; national income accounting; cross sectional analysis; empirical literature; economic performance

Chapter.  9255 words.  Illustrated.

Subjects: Economic History ; Economic Development and Growth

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