Has the African Growth Miracle Already Happened?

From AfricaCan End Poverty Tue Jan 15 2013, 11:55:48

Most of the literature about Africa's growth, "Africa Rising", "Lions on the Move", etc., refer to the present or the future. An oft-quoted World Bank report said, "Africa could be on the brink of an economic takeoff, much like China was 30 years ago and India 20 years ago."

Meanwhile, Alwyn Young has recently published a paper that claims that per-capita consumption on the continent has been growing at 3.4-3.7 percent a year for the last two decades--about three to four times the growth rates documented in other studies. Instead of using national accounts data (which, as we know, suffer from several deficiencies), Alwyn adopts the Demographic and Health Surveys (DHS), which calculate the households' ownership of assets and other indicators of well-being (ownership of a car or bicycle; material of the house floor; birth, death or illness of a child, etc.).

Employing a variety of econometric techniques (including some robustness checks and sensitivity analyses), he then calculates an asset index across the various components of the DHS. Assuming a constant relationship among assets, educational attainment and consumption, he ...

[view whole blog post ]

 See More    |     Report Abuse


You might also be interested in the following news stories:

Somalia:   Al-Shabaab Retakes Town After AU Troops Exit (news)
Shabelle Media Network
27 June 2016

Hundreds of gun-toting Al Shabaab fighters in pick-ups have entered peacefully in Goof-Gadud area, located some 30Km north of Baidoa on Sunday after SNA and AMISOM troops withdrew the town. Unclear ... [read more]

Tanzania:   Opposition Vows to Boycott Magufuli (news)
The Citizen
27 June 2016

Leaders of the main opposition party Chadema in Coast Region have vowed to boycott all activities officiated by President John Magufuli in protest of his decision to ban political rallies. They have ... [read more]

Nigeria:   Osazuwa Breaks Record, Messi Loses Again and 5 Other Sporting Events (news)
Premium Times
27 June 2016

The African athletics championship came to an end and the tournament showed a glimpse of what Nigeria's participation at the Olympics would be. Messi was broken again by Chile and a footballer was ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!