AFRICAS STATISTICAL TRAGEDY Fifteen years ago, Easterly and Levine published “Africa’s Growth Tragedy”, highlighting the disappointing performance of Africa’s growth, and the toll it has taken on the poor. Since then, growth has picked up, averaging 5-6 percent a year, and poverty is declining at about one percentage point a year. The “statistical tragedy” is that we cannot be sure this is true. Take economic growth, which is measured in terms of growth in GDP. GDP in turn is measured by national accounts. While there has been some progress, today, only 35 percent of Africa’s population lives in countries that use the 1993 UN System of National Accounts; the others use earlier systems, some dating back to the 1960s.
Posted on: Mon, 25 Aug 2014 19:26:16 +0000
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