factual

Economists were too pessimistic about African growth

The literature on African growth not only ignored GDP data problems but was overly pessimistic—The Economist's 2000 'Hopeless Continent' cover and Collier's 2007 The Bottom Billion contrast with GDP series showing African economies growing rapidly since the mid-1990s, which took economists a decade and a half to notice, suggesting the governance deficit explanation has been overemphasized and revealing a knowledge problem in explaining why economies are 'not growing' when in fact they are.

factualpending

Speaker

Morten Jerven

Evidence Quote

right now, economists and political scientists are very good at explaining why African economies are not growing. Well, in fact, they are. Which is an interesting knowledge problem.

Source

Morten Jerven on Measuring African Poverty and ProgressEconTalk
Created: 6/13/2026, 12:25:58 AM

My Notes

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