tag:blogger.com,1999:blog-4159906646513306121.post1543578520623648991..comments2023-11-19T20:38:50.237-08:00Comments on Economic Logic: Is Africa doing much better than we thought?Economic Logicianhttp://www.blogger.com/profile/10171296292101248614noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4159906646513306121.post-72484585596246994932016-03-24T05:50:38.086-07:002016-03-24T05:50:38.086-07:00I really don't know what to make of Young'...I really don't know what to make of Young's suggestion. Living on the ground in SSA, I wonder whether that finding is reflective of reality. Yes, there is a boom in mobile phone consumption and used cars from Europe but hardly any perceptible real improvement in standards of living. There is a booming informal sector which I would agree is far from being captured by existing growth calibration models. It may be wiser to look at changes in welfare in SSA rather than growth for no one really knows what the latter means. Anonymoushttps://www.blogger.com/profile/12822688173513733260noreply@blogger.comtag:blogger.com,1999:blog-4159906646513306121.post-70470068929280722802012-11-28T14:36:39.607-08:002012-11-28T14:36:39.607-08:00I liked Alwyn Young's paper on China, when he ...I liked Alwyn Young's paper on China, when he found that China might have had had negative TFP growth after 1978. That's right, he found China was better off starving under the Gang of Four than under Deng Xiaoping or during the post-WTO manufacturing export behemoth... <br /><br />According to Young, it's not China that's been booming, it's sub-saharan africa that's about to converge on western productivity standards... <br /><br />Sometimes economists are drawn a touch too fervently to the counter-intuitive result... Anonymousnoreply@blogger.com