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研究生:柏南比
研究生(外文):Christopher Bongane Bhembe
論文名稱:史瓦濟蘭經濟成長之因素
論文名稱(外文):The Determinants of Economic Growth in Swaziland
指導教授:雷立芬雷立芬引用關係
指導教授(外文):Li- Fen Lei
口試委員:官俊榮徐世勳
口試委員(外文):Jerome GeaunShih- Hsun Hsu
口試日期:2014-07-22
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:農業經濟學研究所
學門:農業科學學門
學類:農業經濟及推廣學類
論文種類:學術論文
論文出版年:2014
畢業學年度:102
語文別:英文
論文頁數:119
中文關鍵詞:經濟成長的決定因素單位根共整合向量誤差修正模型
外文關鍵詞:determinants of economic growthunit rootcointegrationvector error correction model
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This paper investigates whether the mentioned determinants of economic growth have contributed to the poor performance in Swaziland economic growth between 1965 and 2011 and if so which causal factors have contributed to this diminished economic performance. Time series data is used to test the unit root using Augmented Dickely Fuller (ADF) test. Then cointegration test and Vector Error Correction (VEC) Model were done respectively to account for the factors that influence the growth of Swaziland economy.
The empirical results indicate that agriculture sector is statistically significant to GDP and have a positive relationship; however industry and service sectors are positively affecting economic growth although they are statistically insignificant. Physical capital formation and government expenditure are positively related to GDP growth; however, they are statistically insignificant. Export, nominal discount and foreign aid indicate negative relationship with GDP growth; nevertheless they are statistically insignificant. As found out in the study, it is recommended that formulating relevant policies and strategies would enhance these determinants to increase economic growth in the country


Table of Contents
Acknowledgments i
Dedication ii
Abstract iii
List of Tables vi
List of Figures viii
Chapter 1 Introduction 1
1.2 Problem Statement and Motivation 1
1.2 Objectives of the Study 6
Chapter 2 Literature Review 9
2.1 Economic Growth Theories 9
2.2 Human Capital as Source of Productivity Growth 12
2.3 The Contribution of Import and Export to Economic Growth 14
2.4 Domestic Savings, Investment and Growth 16
2.5 Other Determinant Factors for Growth 19
2.6 Determinants of Economic Performance 21
2.7 Empirical Study 26
Chapter 3 Structure of Swaziland Economy and its Challenges 28
3.1 Background of Swaziland Economy 28
3.2 Characteristics of the Economy 29
3.3 Comparisons with Developed and Developing Countries 43
3.3.1 Comparisons with other Developed Countries 43
3.3.2 Comparisons with other Developing Countries 48
3.4 Challenges Faced by Swaziland Economy 53
3.5 Structural Labor Changes in Swaziland 56
Chapter 4 Research Methodology 60
4.1 Econometric Model Specification (Vector Error Correction Model (VECM)) 61
4.2 Unit Root and The Augmented Dickely Fuller (ADF) Test 64
4.3 Cointergration Tests 68
Chapter 5 Data and Empirical Results and Analysis 71
5.1 Types of Data and Sources 71
5.2 Empirical Results and Analysis 72
Chapter 6 Conclusions 85
References 89
Annexes 95



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