Showing 1 - 10 of 61
Africa (SSA). Data from 19 exporter countries was used together with communication costs data in a gravity model of trade … setup. The export data derive from the IMF Direction of Trade and the COMTRADE databases, while the communication cost data … an important factor in bilateral trade in the region. Communications have a significant negative effect on export …
Persistent link: https://www.econbiz.de/10010712081
In this paper we show the benefits of regional connectivity and specialization to growth. Starting with one region we show how welfare measured by utility per head increases as the number of connected regions increase. We assume a common connectivity infrastructure implemented by satellite,...
Persistent link: https://www.econbiz.de/10010856401
This paper is a commentary on a project application of telemedicine to alleviate primary health care problems in Lundazi district in the Eastern province of Zambia. The project dubbed 'The Virtual Doctor Project' will use hard body vehicles fitted with satellite communication devices and modern...
Persistent link: https://www.econbiz.de/10010712280
What do we know about the relationship between innovation and productivity among firms? The workhorse model of this relationship is presented and the implications of analysis using this model and the usually available data on product and process innovation are derived. The recent empirical...
Persistent link: https://www.econbiz.de/10010712167
, employment, export partners' growth and terms of trade to estimate price and income elasticities of export demand, total … relating them to various strands of trade and growth literature. Based on the results of this estimation, we also calculate … steady-state growth rates, engine and handmaiden effects of growth as well as the dynamic steady-state gains from trade for …
Persistent link: https://www.econbiz.de/10010712153
The success of nations in the path towards economic development hinges heavily on the emergence and dynamism of a modern sector capable of simultaneously absorbing an increasing share of the labour force while reducing the technological gap with the worlds frontier. Failure to do so would...
Persistent link: https://www.econbiz.de/10010798445
manufactures. As we think that the link between the terms of trade and long-run development, growth and convergence is the ability … of exports to enhance investment through importing capital goods we analyse trends in country terms-of-trade for goods … economy growth models under special conditions where they generate constant though endogenous terms of trade. We therefore …
Persistent link: https://www.econbiz.de/10010856406
goods. We analyse trends in country terms-of-trade for goods and services rather than those for commodities according to the … World Bank income classification. We find that the natural logarithm of the terms of trade for all groups except for the …-differencing is inefficient and biases significance levels in first differences against the fall in the terms of trade. For the low …
Persistent link: https://www.econbiz.de/10010856433
This paper defines economic slumps as a sequence of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among a large sample of countries, and then examine the phases of decline. In several countries declines last extremely long, and we suggest...
Persistent link: https://www.econbiz.de/10010856482
We derive the central differential equation of the neoclassical growth model for the case of a CES (constant elasticity of substitution) production function with perfect capital movement in terms of the debt/GDP ratio and estimate it in several ways for the United States and in a later step the...
Persistent link: https://www.econbiz.de/10010712028