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A case of the missing link- An analysis of the potential contribution of the transport and communication sector in the economic growth and development process: A case study of Zimbabwe (1980-2013)

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  • Mhazo Simabarashe

    (Department of Banking and Finance.Faculty of Commerce Bindura University of Science Education)

Abstract

The research focused on analysing the Transport and communications sector potential contribution to economic development and how this can translate into addressing adverse socio-economic issues like unemployment, access to better health care, nutrition, clean water and sanitation, spread of HIV/AIDS and other social amenities. The target population was the Transport and Communications sector. Multiple regression analysis was used to come up with a model that best fits the time series data. The model results indicate that the sector is operating at about 35% and the partial elasticity of GDP to Transport sector output is 0.42, meaning that a 1% increase in agriculture output results in a 0.42 % increase in GDP. This implies that at full capacity, the sector can increase GDP by US $2.703 billion dollars. We expect this to translate into public expenditure on capital and social welfare projects. It will also increase the households? disposable incomes which will induce demand for key services like health care, education and others. We also expect investment expenditure to increase leading to job creation and improved domestic production which means less dependence on imports and hence more savings at home.

Suggested Citation

  • Mhazo Simabarashe, 2014. "A case of the missing link- An analysis of the potential contribution of the transport and communication sector in the economic growth and development process: A case study of Zimbabwe (1980-2013)," E3 Journal of Business Management and Economics., E3 Journals, vol. 5(1), pages 009-016.
    • Handle: RePEc:etr:series:v:5:y:2014:i:12:p:009-016
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    References listed on IDEAS

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    1. Ranis, Gustav & Stewart, Frances & Ramirez, Alejandro, 2000. "Economic Growth and Human Development," World Development, Elsevier, vol. 28(2), pages 197-219, February.
    2. Eric A. Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Journal of Economic Literature, American Economic Association, vol. 46(3), pages 607-668, September.
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