AN EMPIRICAL STUDY ON FACTORS OF ECONOMIC GROWTH IN THE GAMBIA: LESSONS FROM AGRICULTURE AND EXPORTS
Journal Title: VADYBA - Year 2016, Vol 29, Issue 2
Abstract
Since the 1990s, The Gambia government has been committed to sustainable human development and improved living standards of the people of the country. During this period, the Government has established a number of strategies to achieve these objectives, including: Vision 2020, Millennium Development Goals, Poverty Reduction Strategies, and very recently, a Program for Accelerated Growth and Employment (PAGE); The Gambia’s development strategy and investment program for 2012 to 2015. This article examines the sources of rapid economic growth using The Gambia as a case study. It adopts the application of Augmented Dickey-Fuller (ADF) and Granger causality tests to determine the positive effects of export expansion, agricultural development, government spending on education, and foreign direct investment (FDI), using the Vector Autoregression (VAR) model. The empirical results indicate that the examined [independent] variables can positively determine Gambia’s economic progress at a rate of 72.09%.
Authors and Affiliations
Alieu Gibba, Molnar Mark
Keywords
Related Articles
- EP ID EP466734
- DOI -
- Views 37
- Downloads 0
SMULKIŲ REKLAMINIŲ SPAUDINIŲ KOMUNIKACINIS POVEIKIS VARTOTOJUI
Straipsnyje nagrinėjami teoriniai ir praktiniai reklamos poveikio vartotojams aspektai. Trumpai apžvelgiama reklamos samprata, svarba, analizuojamas reklamos socialinis, psichologinis pove...
ACADEMIC CONCEPTS OF POLICE EDUCATION
Police education and training in Europe is changing. While the idea of university education for police and police professionalism was first proposed many years ago, there is still no consensus about what police...
ECONOMIC VALUATION OF NATURAL RESOURCES AS A TOOL FOR MANAGING OF SUSTAINABLE DEVELOPMENT IN RURAL AREAS
In this paper the authors describe the steps of building of a new automated complex land evaluation system based on the D-e-Meter land quality index. This model combines the physical and economic evaluation. Complex eval...
REKLAMOS VIETA PIRKIMO PROCESE
Šiuo metu verslo aplinkoje vykstantys ekonominiai, politiniai, technologiniai, socialiniai pokyčiai atveria naujas arba uždaro turimas rinkas. Pasikeitusios verslo sąlygos verčia ieškoti naujų galimyb...
BIM TECHNOLOGIJŲĮTAKA DARBO EFEKTYVUMUI
BIM (Building Information Modeling) projektavimas labai dažnai analizuojama sritis statybos inžinerijos ir vadybos moksliniuoseleidiniuose. Užsienio autoriai pabrėžia pastato informacinio modelio...