The reason for the large decline in the PWT series is that the figure shows the series based on multiple PPP benchmarks. PWT also has a growth series that matches countries' official series and for Tanzania this does not show a 1980s collapse in GDP per capita
This is why the West needs to completely defund the aid industrial complex including the World Bank and IMF. It's not worth taking development of African countries seriously when they themselves don't take it seriously. What an absolute waste of time.
Hey! This is really interesting- do you mind if I crosspost it in full onto the EA Forum? (https://forum.effectivealtruism.org/?tab=global-health-and-development) Under your account if you have one (or as a linkpost on mine if you don't).
Sure thing — my (unused) username is Oliver_Kim
Cheers!
Link here: https://forum.effectivealtruism.org/posts/WMgkGriC9dbcrnKFD/how-much-should-we-trust-developing-country-gdp
Looks like it's going down well- thank you!
Very interesting! Thanks!
The reason for the large decline in the PWT series is that the figure shows the series based on multiple PPP benchmarks. PWT also has a growth series that matches countries' official series and for Tanzania this does not show a 1980s collapse in GDP per capita
Thanks, I learned something new from your post.
Alwyn Young’s “The African Growth Miracle”(https://personal.lse.ac.uk/YoungA/TheAfricanGrowthMiracle.pdf) is a super interesting attempt to re-estimate GDP growth using reliable (?) micro-data — recommend!!
This is why the West needs to completely defund the aid industrial complex including the World Bank and IMF. It's not worth taking development of African countries seriously when they themselves don't take it seriously. What an absolute waste of time.