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Sources of Economic Growth in Zambia, 1970-2013: A Growth Accounting Approach
Version 1
: Received: 16 March 2017 / Approved: 20 March 2017 / Online: 20 March 2017 (16:03:06 CET)
A peer-reviewed article of this Preprint also exists.
Mulungu, K.; Ng’ombe, J.N. Sources of Economic Growth in Zambia, 1970–2013: A Growth Accounting Approach. Economies 2017, 5, 15. Mulungu, K.; Ng’ombe, J.N. Sources of Economic Growth in Zambia, 1970–2013: A Growth Accounting Approach. Economies 2017, 5, 15.
Abstract
Most empirical work on sources of economic growth for different countries lack country-specific empirical evidence to guide policy choices in individual developing countries and previous studies of factor productivity tend to focus on the entire economy or a single sector. In this study, we use the recently developed growth accounting tools to explicitly determine the sources of economic growth at both national and sectoral levels in Zambia between 1970 and 2013. We use data from World Development Indicators and Zambia’s Central Statistical Office. On average, total factor productivity (TFP) contributes about 5.7% to economic growth. Sectoral analysis shows that agriculture contributes the least to GDP and that within each sector; factors that contribute to growth differ. Structural transformation has been slow and contributed to the observed inefficiency. We outline the implications of the observed growth and provide recommendations.
Keywords
Total factor productivity; growth accounting; economic growth; Zambia.
Subject
Business, Economics and Management, Economics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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