Title Investment, capital accumulation, and growth : some evidence from the Gambia 1964-98 / prepared by Christian H. Beddies

Published [Washington, D.C.] : International Monetary Fund, African Dept., ©1999

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Description 1 online resource (32 pages) : illustrations Series IMF working paper ; WP/99/117 IMF working paper ; WP/99/117. Summary Annotation This paper considers the potential variables that have determined economic growth in the Gambia during 196498. the results indicate that the Gambias aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. the impact of private investmentand thus private capital accumulationon 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 Bibliography Includes bibliographical references (pages 31-32) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Economic development -- Gambia -- Econometric models Human capital -- Gambia -- Econometric models Saving and investment -- Gambia -- Econometric models Capital stock -- Gambia -- Econometric models Investments -- Gambia -- Econometric models Investments -- Econometric models Economic history Capital stock -- Econometric models Economic development -- Econometric models Human capital -- Econometric models Saving and investment -- Econometric models SUBJECT Gambia -- Economic conditions -- Econometric models Subject Gambia Form Electronic book Author International Monetary Fund. African Department ISBN 9781451899412 1451899416 1462397344 9781462397341 1451986416 9781451986419 1282106732 9781282106734 9786613800084 6613800082 9781451853995 1451853998

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