EMBA - Dubai
Spring 2012
Assignment 1: Mohamed ZIANI 1595216
incertitude: Using these data and your knowledge of the determinants of coarse run successfulness rank the countries in terms of their reaping prospects.
Cobb-Douglas production campaign says sidetrack (GDP) depends on superior (K), Labor (L) and Total federal agent Productivity (TFP) such as: Output = TFP x heavy(p) Stocka x Labor1-a. A is gener in ally equivalent to 0.3. From that we can expenditure the Solow Neoclassical model to assess this 8 emergent economies and their output production. In such emergent economies, growth depends mainly from crownwork accumulation and investment (which is equivalent to the savings), but in the long run, investment affects only the level of output and not the growth of output. Then, we have also to focus on the serviceman capital (Labor) and above all on the TFP who are the main evidence of growth in the steady state/long run.
A key determinant of the TFP is the Institutions. Quality of Governance related to the shape of law and the absence of corruption are a full of life component of the institutions. The data provided in the appendix are deficient in terms of elements of the TFP source of growth.
To improve our TFP, we therefore give use additional data such as the world(a) Governance Indicators constructs aggregate indicators of three broad dimensions of governance: restrictive Quality, Rule of Law and Control of Corruption (additional data from hypertext transfer protocol://info.worldbank.org/governance/wgi on governance). Also we will take in account geography which is an important key factor influencing the TFP and the Human Labor. Geography data will mainly come from Wikipedia.
Therefore, considering all these models and data, my ranking for these countries regarding their growth prospects would be: 1/ South Africa 2/ Egypt 3/ Sri Lanka 4/ Vietnam 5/ Ghana 6/ Pakistan 7/ Cambodia 8/ Bangladesh
South Africa (SAF) came first base because it globally finished first rank in...If you want to get a full essay, put up it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment