Africa : Why Economists Get It Wrong

Online-Ressource (172 p)

Description based upon print version of record

Front Cover ; African Arguments; About the Author ; Title Page ; Copyright ; Contents ; Tables and Figures ; Acknowledgments ; Introduction ; From Explaining Slow Growth to Explaining Low Income ; How Economists Have Misunderstood Growth in Africa ; 1: Misunderstanding Economic Growth in Africa; Correlation Is Not Causation ; Garbage In, Garbage Out; The African Dummy Variable ; Misrepresenting the African Economic Growth Record ; The Subtraction Approach ; Aid Dependency ; Deficient Public Services ; Bad Policies ; Bad Governance ; A Leap of Faith ; 2: Trapped in History?

The Historical Evidence of Growth Explaining Variation in Income 'Today'; Root Causes of African Underdevelopment ; Initial Conditions: Bad Geography and Wrong Technology ; Ethnicity ; Settlers and Institutions ; 'Causal History' or 'Compression of History'?; Ceteris Paribus: History Matters ; 3: African Growth Recurring; The Political Economy of Episodic Growth in Africa ; The Importance of Economic Growth ; From Slavery to Cash Crops: Growth in Precolonial and Colonial Africa ; Growth in Africa Since 1950 ; Prospects for Growth ; World Markets ; Political Conditions

The Factors of Production Poverty, Inequality and Economic Growth: Some Precautions ; 4: Africa's Statistical Tragedy?; Benchmark Years ; How Much Do We Know About Income and Growth in Africa? ; Correlates of Growth ; Interpreting the Growth Evidence ; The Politics of African Economic Statistics ; Conclusion ; How We are Misled by Mainstream Economics ; Learning from History ; Getting African Economies Right ; Notes ; Bibliography ; Index ; Back Cover

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