Malawi's prospects for growth: a quantitative analysis, 1983

The study employs an econometric method to investigate the demand sources of growth in Malawi's gross domestic product (GDP). A simple 12 equation macroeconomic model is fitted to statistical data for the period 1967-81. After being found satisfactory, the estimated model is used to explore the prospects for economic growth up to the year 1985. It is found that export prices, government consumption and foreign capital inflows explain over 92 percent of the variations in nominal GDP; and that growth in real GDP up to 1985 may be forecast at between 1 and 3 percent per annum