Modelling The Lesotho Economy: A Social Accounting Matrix Approach
Using a 2000 Social Accounting Matrix (SAM) for Lesotho, this paper investigates the key features of the Lesotho economy and the role played by the agricultural sector. A novel feature of the SAM is the elaborate disaggregation of the agricultural sector into finer subcategories. The fundamental importance of agriculture development emerges clearly from a descriptive review and from SAM multiplier analysis. It is dominant with respect to income generation and value of production. It contributes 23 percent of gross domestic product and 12 percent of the total value of production. It employs 26 percent of labour and 24 percent of capital. The construction sector has the highest open SAM output multiplier (1,588) and SAM output multiplier (1.767). The household multipliers indicate that in the rural and urban areas, agriculture and mining respectively generate most household income. Agriculture has the highest employment coefficient. Agriculture and mining sectors also have the largest employment multipliers in Lesotho.
Volume (Year): 1 (1)
Issue (Month): ()
|Contact details of provider:|| Phone: 0 388 225 20 12|
Fax: 0 388 225 20 14
Web page: http://www.foodandagriculturejournal.com/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Arndt, Channing & Jensen, Henning Tarp & Tarp, Finn, 2000. "Structural Characteristics of the Economy of Mozambique: A SAM-Based Analysis," Review of Development Economics, Wiley Blackwell, vol. 4(3), pages 292-306, October.
When requesting a correction, please mention this item's handle: RePEc:ags:ijfaec:156142. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.