Econometric Methods for Analyzing Economic Development

Econometric Methods for Analyzing Economic Development

Peter V. Schaeffer, Eugene Kouassi

Copyright: © 2014 |Pages: 339

ISBN13: 9781466643291|ISBN10: 1466643293|EISBN13: 9781466643307

DOI: 10.4018/978-1-4666-4329-1

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Schaeffer, Peter V., and Eugene Kouassi, editors. Econometric Methods for Analyzing Economic Development. IGI Global, 2014. https://doi.org/10.4018/978-1-4666-4329-1

APA

Schaeffer, P. V. & Kouassi, E. (Eds.). (2014). Econometric Methods for Analyzing Economic Development. IGI Global. https://doi.org/10.4018/978-1-4666-4329-1

Chicago

Schaeffer, Peter V., and Eugene Kouassi, eds. Econometric Methods for Analyzing Economic Development. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-4329-1

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Exploring and understanding the analysis of economic development is essential as global economies continue to experience extreme fluctuation. Econometrics brings together statistical methods for practical content and economic relations.

Econometric Methods for Analyzing Economic Development is a comprehensive collection that focuses on various regions and their economies at a pivotal time when the majority of nations are struggling with stabilizing their economies. Outlining areas such as employment rates, utilization of natural resources, and regional impacts, this collection of research is an excellent tool for scholars, academics, and professionals looking to expand their knowledge on today’s turbulent and changing economy.

Table of Contents

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Front Materials

Title Page

Copyright Page

Advances in Finance, Accounting, and Economics (AFAE) Book Series

Editorial Advisory Board and List of Reviewers

Preface

Chapters

Employment, Economic Growth, and Inflation

Chapter 1

Asymmetric Equilibrium Adjustment between Employment and Economic Growth in Côte d’Ivoire: A Consistent Momentum Threshold Autoregressive Model (pages 1-9)

Coffie Francis José N’Guessan

In this chapter, the author investigate the possibility of asymmetry in the relationship between employment in the modern private sector and economic growth as measured by real Gross Domestic Product (GDP). The analysis is based on a...

Chapter 2

Inflation and Economic Performance in the CFA Franc Zone: Transmission Channels and Threshold Effects (pages 10-29)

Komlan Fiodendji, Bernadette Dia Kamgnia, Nasser Ary Tanimoune

This chapter examines the relationship between inflation and economic performance in the CFA franc zone over the period 1991-2009 and studies the mechanism through which inflation affects long-term economic growth. Using a threshold...

Chapter 3

A New Keynesian Phillips Curve for South Africa (pages 30-48)

Rulof Burger, Stan du Plessis

In South Africa, as elsewhere, economists have not reached an agreed upon model for the Phillips curve, despite its importance for understanding the process of inflation and its relevance for policy makers. It has been a particular...

Development and Equity

Chapter 4

Point Density Estimation of Changes in Income Polarization in Tanzania, 1992−2001 (pages 50-65)

John K. Mduma

Data from two Household Budget Surveys in 1991-1992 and 2000-2001 in Tanzania indicate that there is no change in inequality between the two surveys. In spite of this finding, and impressive macroeconomic gains, there is growing...

Chapter 5

Sources of Income Inequality in Nigeria: Decomposition Approaches (pages 66-86)

A. S. Oyekale, A. I. Adeoti, T. O. Oyekale

Income inequality and poverty in Nigeria are closely related. This chapter analyzes the contributions of income sources and socio-economic factors to income inequality, and estimates the contributions of income redistribution and...

Chapter 6

Measuring and Explaining Economic Inequality: An Extension of the Gini Coefficient (pages 87-101)

C. Chameni Nembua

This chapter proposes a new class of inequality indices based on the Gini coefficient (or index). The properties of the indices are studied and are found to be regular, relative, and to satisfy the Pigou-Dalton transfer principle. A...

Chapter 7

Demand for Health Care in Kenya: The Effects of Information about Quality (pages 102-110)

Moses K. Muriithi, Germano Mwabu

Although studies on health care demand have previously been conducted in Kenya and elsewhere in Africa, it has hitherto not been shown how health seeking behavior conditional on illness is affected by information on health care...

Chapter 8

Explaining International Land Transactions in Africa (pages 111-130)

Yohannes G. Hailu, Adesoji Adelaja, Henry Akaeze, Steve Hanson

Rising global food prices and demand for biofuels have recently heightened global interests in agricultural land resources in Africa, resulting in increased International Land Transactions (ILTs). While opponents of ILTs have dubbed...

Regional Impacts

Chapter 9

Simulating Impacts on Regional Economies: A Modeling Alternative (pages 132-152)

Guy R. West, Randall W. Jackson

Practitioners and academics apply a range of regional economic models for impacts assessment. These models extend from a simple economic base through to input-output and econometric models and computable general equilibrium models....

Chapter 10

Regional Structure and Economic Development: Growth Empirics for U.S. Metropolitan Areas (pages 153-176)

David S. Bieri

This chapter investigates several aspects of how local economic development and growth are shaped by regional differences in industrial structure on the one hand and interregional linkages on the other hand. The author begins by...

Technology, Natural Resources, Energy, and Growth

Chapter 11

Population Dynamics, Economic Growth, and Energy Consumption in Kenya (pages 178-191)

Nyakundi M. Michieka

Kenya is a small open economy that depends on energy for growth. Since independence in 1963, it has experienced tremendous urban and rural population growth, placing an increasing strain on energy resources and economic development....

Chapter 12

Embedding New Technologies and Extending Time Horizons in Input-Output Analysis (pages 192-204)

Randall W. Jackson, Christa D. Court

Input-output analysts are often confronted with requests for impacts assessments for economic shocks that stretch uncomfortably the assumptions of standard input-output modeling. This chapter presents an approach to confronting a...

Chapter 13

Application of Quantitative Methods in Natural Resource Management in Africa: A Review (pages 205-234)

Elias T. Ayuk, William M. Fonta, Euphrasie B. Kouame

Sub-Saharan Africa (SSA)’s natural resource base constitutes the sub-continent’s greatest asset. These Natural Resources (NRs), both renewable and non-renewable, are the backbone of the continent as they play very critical functions...

Chapter 14

Natural Resources and Welfare: A Study of U.S. States (pages 235-261)

Leslie Dunn, Robert Dunn

This chapter examines the link between natural resource intensity and welfare for U.S. states from 1980 through 2009. Previous literature has examined the relationship between resource abundance and economic growth and, ultimately...

Chapter 15

The Role of Governance in Teledensity and Economic Growth: GMM Estimation (pages 262-278)

Chali Nondo, Mulugeta S. Kahsai, Peter V. Schaeffer

The objective of this chapter is to highlight the role played by governance in GDP growth and changes in telephone density in Sub-Saharan African (SSA) countries. The contribution of these two factors to aggregate output and...

Back Materials

Compilation of References

About the Contributors

Index

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