Assessing the impact of export processing zones on economic growth in Ghana

2017 ◽  
Vol 42 ◽  
pp. 1150-1163 ◽  
Author(s):  
Alexander Quaicoe ◽  
Anthony Q.Q. Aboagye ◽  
Godfred A. Bokpin
Keyword(s):  
Economic Growth ◽  
Export Processing Zones ◽  
The Impact ◽  
Export Processing

scholarly journals Value Addition Policy in Nigeria’s Export Processing Zones: Lessons from the Asian Economies

2018 ◽  
Vol 9 (3) ◽  
pp. 165-172
Author(s):  
Deinibiteim Monimah Harry
Keyword(s):  
Free Trade ◽  
Industrial Development ◽  
Research Work ◽  
Value Addition ◽  
Export Processing Zones ◽  
Development Organization ◽  
Production Processes ◽  
Asian Economies ◽  
The Impact ◽  
Export Processing

Abstract The study examined the value addition in the Nigeria’s export processing zones, comparing it with the experiences from Asian economies. Upon the recommendation of the United Nations Industrial Development Organization (UNIDO), Nigeria adopted the EPZ scheme via Decree No 63 of 1992 to accelerate industrialization through increasing manufacturing for exports, among others. The Calabar Free Trade Zone was established as the pioneer zone in the country. The objective of this research work is to determine the extent of Value Addition at the zones in Nigeria. As at 2008, 25 zones have registered with NEPZA, the regulatory authority in the country. Out of the 25 registered zones, 11are operational, 9 under construction and 5 merely declared. Four (4) zones, namely, Calabar, Oil and Gas and Snake Island Integrated Free Trade Zones and Alscon Export Processing zone, were systematically selected from the 11 operational zones for the study. Two hundred and ninety copies of questionnaire were administered on 290 respondents drawn from 54 firms and 4 zonal management boards. Out of the 290 copies of questionnaire 242 copies were properly filled and returned. The 242 copies of questionnaire returned served as the primary source of data, while textbooks, journals, fasimiles, etc served as the secondary sources of data. The paper argued that for EPZs to help in the industrialization of a nation value addition and production segmentation must be made central to the manufacturing/ production processes; because the higher the level of value addition the greater the impact/contribution of EPZs to socio-economic development. The study revealed that the level of value addition in the Nigerian zones is very low, only labour element of value addition is visible, technology and material elements were absent. Hence, the paper recommends that value addition should be made compulsory in the production processes at the zones and emphasis should be on the technology and material elements. This, it is believed would enhance backward linkages with the domestic economy.

Implications of higher retirement age for the labor market

2017 ◽  
pp. 22-39 ◽  
Author(s):  
M. Ivanova ◽  
A. Balaev ◽  
E. Gurvich
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Labor Supply ◽  
Labor Force ◽  
Labor Demand ◽  
Retirement Age ◽  
Demographic Trends ◽  
Men And Women ◽  
Demographic Projections ◽  
The Impact

The paper considers the impact of the increase in retirement age on labor supply and economic growth. Combining own estimates of labor participation and demographic projections by the Rosstat, the authors predict marked fall in the labor force (by 5.6 million persons over 2016-2030). Labor demand is also going down but to a lesser degree. If vigorous measures are not implemented, the labor force shortage will reach 6% of the labor force by the period end, thus restraining economic growth. Even rapid and ambitious increase in the retirement age (by 1 year each year to 65 years for both men and women) can only partially mitigate the adverse consequences of demographic trends.

Solow economy model

2019 ◽  
pp. 150-157
Author(s):  
Oleksandr Synenko ◽  
Kateryna Yarema ◽  
Yuliia Bezsmertna
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Solow Model ◽  
Economy Model ◽  
Accelerated Depreciation ◽  
Basic Parameters ◽  
The Subject ◽  
Investment Process ◽  
The Impact ◽  
Model Algorithm

The subject of the research is the approach to the possibility of using the Solow model to perform the regression analysis on the example of the Ukrainian economy model. The purpose of writing this article is to investigate the notion of regres- sion analysis, Solow’s economy model, algorithm for performing regression analy- sis on the example of Ukraine’s economy model. This model can be adapted for the economy of enterprises. Methodology. The research methodology is system-struc- tural and comparative analyzes (to study the structure of GDP); monograph (when studying methods of regression analysis on the example of the Ukrainian economy); economic analysis (when assessing the impact of factors on Ukraine’s GDP). The scientific novelty consists the features of the use of the Solow model on the ex- ample of Ukrainian economy are determined. An algorithm for calculating the basic parameters of a model using the Excel application package is disclosed. The main recommendations on the development of the national economy and economic growth through the use of macroeconomic instruments are given. Conclusions. The use of the Solow model enables forecasting and analysis. The results obtained re- vealed the problem of low resource return of capital as a resource, along with the means of macroeconomic regulation of the investment process, using which can improve the situation. A special place in these funds belongs to the accelerated depreciation and interest rate policies.

Sign in / Sign up

Export Citation Format

Share Document