Investment, Capital Accumulation, and Growth: Some Evidence From the Gambia 1964-1998

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 inve...

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1. Verfasser: Beddies, Christian H. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 1999
Schriftenreihe:IMF Working Papers Working Paper No. 99/117
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Zusammenfassung: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
Beschreibung:1 Online-Ressource (32 p)
ISBN:1451853998
9781451853995

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