Growth in Ghana : a macroeconometric model simulation integrating agriculture

書誌事項

Growth in Ghana : a macroeconometric model simulation integrating agriculture

Daniel Bruce Sarpong

Ashgate, c1997

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注記

Includes bibliographical references (p. 212-223) and index

内容説明・目次

内容説明

This text is set in a context where Ghana has experienced improvements in aggregate output performance over the past decade (1986-1996) yet agriculture's performance remains sub-optimal. The author focuses on agriculture's fragmentation as attributable to space (storage, transportation and marketing), form (rudimentary production methods in general) and content (stagnent productivity and poor organization of production) and notes that whilst current policies have impinged on the space fragmentation, issues on form and content seem to have been left to the dictates of the market. The author calls for a strategy of government plan in promoting modern technology in agriculture to enhance its linkage to industry for rapid and sustainable economic growth.

目次

  • Introduction. Growth strategy in Japan and Malaysia - a review: Japan (1954-1970)
  • Malaysia
  • summary of growth strategy. The Ghanaian economy - structure and performance: the political economic setting
  • post-independence economic structure
  • growth performance of the economy
  • summary and conclusion. Modelling the Ghanaian economy: macro models for developing economies
  • macroeconometric models on Ghana
  • the theoretical structure of current model
  • basic blocks of the model and quality of data. Econometric results: econometric estimating methods
  • list of variables and estimated equations
  • discussion of econometric results. Model validation and policy simulations: simulation techniques and model evaluation
  • goodness-of-fit measures employed in model evaluation
  • validating the model, MAPE and simulated data trajectory , multiplier analyses, import tax rate hike, devaluation, government investment multiplier, cocoa sub-model multipliers
  • forecast simulations of the model, 1988-1997, growth prospects of the economy, 1988-1997
  • appraising the model's growth projections - forecast versus actual data
  • forecast simulation experiments, cocoa market stability and Ghanaian economy, the Buffer Stock Manager (BSM) operations, food sector productivity enhancing simulations
  • summary of principal findings
  • East Asia experience in agricultural development
  • some considerations for domestic agricultural policy. Conclusion: summary and main findings
  • recommendations for future research.

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