Investment, Capital Accumulation, and Growth Some Evidence from the Gambia 1964-98


Book Description

This paper considers the potential variables that have determined economic growth in The Gambia during 1964-98. The results indicate that The Gambia`s aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. The impact of private investment and thus private capital accumulation on output is large and significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human capital accumulation are positive and statistically significant. The paper also estimates a series on total factor productivity growth that indicates that The Gambia was able to use its resources more efficiently.




Investment, Capital Accumulation, and Growth


Book Description

This paper considers the potential variables that have determined economic growth in The Gambia during 1964–98. The results indicate that The Gambia’s aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human capital accumulation are positive and statistically significant. The paper also estimates a series on total factor productivity growth that indicates that The Gambia was able to use its resources more efficiently.




Investment, Capital Accumulation, and Growth


Book Description

This paper considers the potential variables that have determined economic growth in The Gambia during 1964–98. The results indicate that The Gambia’s aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. The impact of private investment—and thus private capital accumulation—on output is large and significant. Furthermore, increases in public investment boost output substantially. Finally, the effects associated with human capital accumulation are positive and statistically significant. The paper also estimates a series on total factor productivity growth that indicates that The Gambia was able to use its resources more efficiently.




Behavioral Predictive Modeling in Economics


Book Description

This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.




Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo


Book Description

The Democratic Republic of the Congo is making significant strides on both the political and economic fronts to extricate itself from one of the bloodiest wars in African history. This remarkable turnaround offers other countries and the international community valuable lessons in preventing conflict and in coping with postconflict recovery. This book also provides a summary of the most recent research on conflict, an analysis of the causes of conflicts in Africa, and an outline of their key economic characteristics.




Historical Dictionary of The Gambia


Book Description

A former British colony, The Gambia became independent in 1965 and has had only three presidents since then. While The Gambia remained a very poor country under its first prime minister and then president (from 1970), Sir Dawda Jawara, democratic institutions survived, multi-party elections were free and fair, and the country’s human rights record was excellent. In contrast, there were seriously flawed elections and extensive human rights abuses under first the Armed Forces Provisional Ruling Council and then President Yahya Jammeh. Since Adama Barrow became president in 2017, democratic rule and fair elections have been restored, although many challenges remain; for example, the 2020 Constitution has still not been implemented. This book examines all aspects of recorded Gambian history from the 15th century, when the first European expeditions arrived, to the present. Historical Dictionary of The Gambia, Sixth Edition contains a chronology, an introduction, and an extensive bibliography. The dictionary section has more than 1,000 cross-referenced entries on important personalities as well as aspects of the country’s politics, economy, foreign relations, religion, and culture. This book is an excellent resource for students, researchers, and anyone wanting to know more about The Gambia.




Sustainability in Energy Business and Finance


Book Description

This edited volume seeks to identify the sustainability issues currently affecting the energy business and finance. For this purpose, a broad range of perspectives on sustainability issues in the energy business and finance are taken into consideration in the context of renewable business projects. In turn, several novel strategies from the energy business and finance are illustrated with regard to sustainable organizational factors, technological infrastructure, financial facilities, economic development, and investment potential. Comparing and contrasting different sustainability perspectives can help to develop the most appropriate and successful business strategies for the sustainable energy business and finance. This book presents multidimensional analyses of sustainability issues with regard to renewable energy projects and identifies the most promising strategies, as well as efficient market conditions for the energy business.




Bringing Forth Prosperity: Capacity Innovation in Africa


Book Description

Path to Capacity Innovation: An Africa-MNC Strategic Alliance, a policy framework is advanced proposing a strategic alliance between African countries -represented by NEPAD- and the multinational corporation with input from the NGO and couched upon an NEPAD-MNC-NGO cross-fertilizing integrative structure. Capacity innovation is the key to Africa's transformation: with the appropriate catalysts, innovation and transformation are but a matter of time in gestation. The first of two major catalysts necessary to prompting this change so long sought by Africans came at the adoption of the New Partnership for Africa's Development. It is one of the most profound collaborations of African Heads of State. The second catalyst is proposed in this work in the form of the multinational corporation as change agent for the innovation process working in alliance with NEPAD as Africa's spokesperson for innovation. The policy framework for African capacity innovation is the material product along with discourse for redress of corruption and security policy narrative for protecting the assets of multinational corporations. Bringing Forth Prosperity: Capacity Innovation in Africa questions capital theory as a development construct and an appropriate platform upon which sustained capacity innovation in Africa may emerge; explores Africa's road to modernity in the context of selected development constructs and assesses capacity innovation from a top down-bottom up perspective purposely to serve as backdrop to the Africa-MNC strategic alliance framework; constructs country capacity ID to identify internal resources available to African countries to support capacity innovation; conceptualizes the Africa-MNC strategic alliance to convey a capacity innovation philosophy; articulates an African capacity innovation policy framework to guide the Alliance through a series of actions designed to prompt innovation activity and set the continent on a course to sustained transformation; and articulates a scheme to protect assets -human and physical- derived through the Africa-MNC strategic alliance.




Papers in ITJEMAST 12(6) 2021


Book Description

International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies publishes a wide spectrum of research and technical articles as well as reviews, experiments, experiences, modelings, simulations, designs, and innovations from engineering, sciences, life sciences, and related disciplines as well as interdisciplinary/cross-disciplinary/multidisciplinary subjects. Original work is required. Article submitted must not be under consideration of other publishers for publications.




Research Activities of the IMF, January 1991-December 1999


Book Description

Research activity in the IMF emphasizes the links between the organization's policy and operational concerns. The main objectives of research is IMF staff understanding of policy and operational issues relevant to the institution, and to improve the analytical quality of the work prepared for management and the Executive Board and the advice provided to member countries. The scope of research in the IMF is defined by the purposes and functions of the institution. In order to foster innovation and ensure quality control, the IMF makes much of its research available outside the institution and encourages staff to interact with academia and other research organizations through conferences, seminars, and occasional joint research projects. The visiting scholar’s program has also enhanced the quality of research done in the IMF. This program brings in leading members of the economics profession from around the world to assist in the preparation of papers for the Executive Board and to conduct research on IMF-related issues.