Structural Problems in Namibia's Sectoral and Sub-Sectoral Performance During the 1968-1992 Years
AbstractA flexible production function analysis is addressed to Namibia's data for the 1968-1992 period to test for evidence of structural problems in sectoral and sub-sectoral performance. The analysis found the primary sector to be characterized by constant returns to scale through the entire 25 years. The secondary sector experienced constant returns to scale pre-1980 and severe diseconomies post-1980, while the tertiary sector was marked by constant returns to scale pre-1980, and questionable increasing returns to scale post-1980. The changes imply structural problems inasmuch as factor productivities and the rates of technical change declined, and little support for domestic capital formation was found.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0307002.
Length: 42 pages
Date of creation: 16 Jul 2003
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structural problems in economic growth developing countries Africa Namibia transcendental production function;
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- Amavilah, Voxi Heinrich S., 1995. "The capitalist world aggregate supply and demand model for natural uranium," Energy Economics, Elsevier, vol. 17(3), pages 211-220, July.
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