اثر پیشرفت های فن آوری و بهره وری بر رشد اقتصادی در اوگاندا
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|12975||2012||10 صفحه PDF||سفارش دهید||4392 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Procedia Economics and Finance, Volume 1, 2012, Pages 14–23
The study focused on the effects of technological progress and productivity on economic growth in Uganda within the, 1971 – 2009 period. The study found out that growth in technological progress resulted in economic growth, whereas increase in either capital productivity or labor productivity gave rise to reduction in economic growth within the aforementioned period. Capital productivity or labor productivity could have caused reduction in economic growth because labor productivity growth might have caused workers to enjoy more leisure instead of working more or growth in capital productivity could have made capital more efficient and resulted in more idle capacity; thus causing depletion of output through reduction in the capital or labor used in production. Theoretical models developed were empirically tested after transforming them into the relevant econometric models. The relevant variables were simulated from annual disposable income, annual real GDP and annual investment expenditures using the celebrated Cobb-Douglas production function.
The study examines the effects of technological progress and productivity on economic growth in Uganda from 1971 to 2009. At a theoretical level the study is useful because it attempted to model actual levels of technology out of what economists most commonly take to be total factor productivity (TFP). Total factor productivity is defined as the difference between the proportional change in output and proportional change in a Divisa index of inputs (Carlaw and Lipsey, 2003). Besides the study argues that growth in either labor or capital productivity results in decline in economic growth. The reason for these has been advanced by the study to be due to increase in consumption of leisure following a rise in either capital or labor productivity because workers tend to trade off leisure for work as their incomes increase.
نتیجه گیری انگلیسی
Empirical findings involving data on Uganda within the 1971 – 2008 period the study come up with some findings. Firstly, growth in capital productivity or labour productivity cause decline in economic growth because growth in capital productivity or labour productivity depletes output through creation of excess capacity or preference of leisure instead of work (i.e. labour). Secondly, capital growth, labour growth or technological progress result in economic growth.