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widespread employment effects. A tourism policy that opens up perspectives for employment to people in many parts of a country … can contribute to such a solution. This is even more the case because of tourism's high labour intensity and the physical … as to what degree tourism policy can live up to these high expectations. …
Persistent link: https://www.econbiz.de/10011107582
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
Deme et al. (2005, DFN) present a general equilibrium model for the case of Lesotho with a rising step skill acquisition function. DFN show that only a large amount of government expenditure on education, training and skill acquisition can pull the economy out of its inertia. As a comment on...
Persistent link: https://www.econbiz.de/10008740592
The paper purports to examine the rationale in subsidizing healthcare in the developing economies solely from the standpoint of economic growth with the help of a three-sector, full-employment small economy model with exogenous labour market imperfection and a non-traded sector providing...
Persistent link: https://www.econbiz.de/10011271333
This paper shows that developing countries possess an inherent shock-absorbing mechanism that stems from their peculiar institutional characteristics and can lessen the gravity of detrimental welfare consequence of exogenous terms-of-trade disturbances in terms of a two-sector, full-employment...
Persistent link: https://www.econbiz.de/10011144076
This theoretical note shows that developing countries possess an inherent shock-absorbing mechanism that stems from their peculiar institutional characteristics that can lessen the gravity of detrimental welfare consequence of exogenous terms-of-trade disturbances in terms of a two-sector,...
Persistent link: https://www.econbiz.de/10011112519
, industry, education, health, tourism services etc., of the economy. The study also revealed that the people are happy to see …
Persistent link: https://www.econbiz.de/10005790023
Despite the increasing importance of tourism in economic development and the rise of “pro-poor” tourism development … strategies, properly designing and implementing tourism projects remain generally a difficult process. There are both theoretical … and practical challenges in justifying public sector investments in tourism and properly measuring the projects’ benefits …
Persistent link: https://www.econbiz.de/10008642682