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Investment, Capital Accumulation, and Growth
Mr.Christian H. Beddies
其他書名
Some Evidence from The Gambia 1964–98
出版International Monetary Fund, 1999-08-01
主題Business & Economics / Investments & Securities / GeneralBusiness & Economics / Labor / GeneralBusiness & Economics / Investments & Securities / Stocks
ISBN14518539989781451853995
URLhttp://books.google.com.hk/books?id=sFkYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋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.