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The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...
Persistent link: https://www.econbiz.de/10012894601
Building upon earlier work by Willenbockel (2013; MPRA Paper No.51501), this study provides an extended ex-ante computable general equilibrium (CGE) assessment of the Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African...
Persistent link: https://www.econbiz.de/10012894604
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
foreign capital in the urban formal sector on unemployment and social welfare crucially hinge on the relative factor …’s twin objectives of improvement in social welfare and mitigation of the urban unemployment problem. These results are … extremely crucial from the view of policymaking in an unemployment plagued, low-income developing economy. …
Persistent link: https://www.econbiz.de/10011259840
economy using a three-sector general equilibrium model with simultaneous existence off unemployment of both skilled and … mitigates unemployment problem of both types of labour. The paper theoretically justifies the desirability of flow of FDI in …
Persistent link: https://www.econbiz.de/10008550549
This paper develops a very simple model to explain the phenomenon of persistent unemployment even in an economy … experiencing high output growth. Unemployment will also grow at a rate identical with other factors and sectors. The result is … growth in different sectors to mitigate or reduce unemployment history becomes crucial. …
Persistent link: https://www.econbiz.de/10011111440
natural gas supply result in small-to-moderate economic gains, even with unemployment or under-utilized capital. Subsequent …
Persistent link: https://www.econbiz.de/10011112172
The question this paper poses relates to the role of economic theories in gaining wider support around political agendas. That is their ability to describe a problem in such a way, so that the “answer” would appear not as a political demand in favor of one class, but as a prerequisite for...
Persistent link: https://www.econbiz.de/10011258546
Public support to firms has been a traditional and important industrial policy measure in many countries for several decades. One of the reasons for public intervention is the existence of market failures or imperfections. Informational asymmetries between borrowers and lenders of funds in...
Persistent link: https://www.econbiz.de/10009495128
It is a widely held perception, although empirically contentious, that credit rationing is an important phenomenon in the UK small business sector. In response to this perception the UK government initiated a loan guarantee scheme (SFLGS) in 1981. In this paper we use a unique dataset comprised...
Persistent link: https://www.econbiz.de/10005835669