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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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1999
|
| Series: | IMF Working Papers
Working Paper No. 99/117 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (32 p) |
| ISBN: | 1451853998 9781451853995 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:23Z |
| indexdate | 2024-07-10T09:35:32Z |
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| spelling | Beddies, Christian H. Verfasser aut Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 Beddies, Christian H Washington, D.C International Monetary Fund 1999 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/117 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 Online-Ausg http://elibrary.imf.org/view/IMF001/03809-9781451853995/03809-9781451853995/03809-9781451853995.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Beddies, Christian H. Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 |
| title | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 |
| title_auth | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 |
| title_exact_search | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 |
| title_exact_search_txtP | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 |
| title_full | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 Beddies, Christian H |
| title_fullStr | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 Beddies, Christian H |
| title_full_unstemmed | Investment, Capital Accumulation, and Growth Some Evidence From the Gambia 1964-1998 Beddies, Christian H |
| title_short | Investment, Capital Accumulation, and Growth |
| title_sort | investment capital accumulation and growth some evidence from the gambia 1964 1998 |
| title_sub | Some Evidence From the Gambia 1964-1998 |
| url | http://elibrary.imf.org/view/IMF001/03809-9781451853995/03809-9781451853995/03809-9781451853995.xml |
| work_keys_str_mv | AT beddieschristianh investmentcapitalaccumulationandgrowthsomeevidencefromthegambia19641998 |