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Economies 2017, 5(2), 15; doi:10.3390/economies5020015

Sources of Economic Growth in Zambia, 1970–2013: A Growth Accounting Approach

1
Department of Agricultural and Resource Economics, Colorado State University, Fort Collins, CO 80523, USA
2
Department of Agricultural Economics, Oklahoma State University, Stillwater, OK 74078, USA
3
Department of Agricultural Economics and Extension, The University of Zambia, Box 32379, Lusaka 10101, Zambia
*
Author to whom correspondence should be addressed.
Academic Editor: Ralf Fendel
Received: 24 February 2017 / Revised: 29 April 2017 / Accepted: 4 May 2017 / Published: 11 May 2017
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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. This provides fewer insights about a country’s structural evolution. Unlike previous studies, our study builds on this by taking a more comprehensive approach in estimating Zambia’s sources of economic growth by sectors—agriculture, industry, and service—in a systematic manner that yields insights into the country’s sources of structural transformation. We use recently developed growth accounting tools to explicitly determine 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. Results indicate that, 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. View Full-Text
Keywords: total factor productivity; growth accounting; economic growth; Zambia total factor productivity; growth accounting; economic growth; Zambia
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MDPI and ACS Style

Mulungu, K.; Ng’ombe, J.N. Sources of Economic Growth in Zambia, 1970–2013: A Growth Accounting Approach. Economies 2017, 5, 15.

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