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Growth: The role of exports and public investment Thomas Ziesemer Africa Research Workshop UNU-Merit, Maastricht - 21 October, 2011 1.

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Presentation on theme: "Growth: The role of exports and public investment Thomas Ziesemer Africa Research Workshop UNU-Merit, Maastricht - 21 October, 2011 1."— Presentation transcript:

1 Growth: The role of exports and public investment Thomas Ziesemer Africa Research Workshop UNU-Merit, Maastricht - 21 October, 2011 1

2 Export Demand Elasticities as Determinants of Growth: Estimates for Mauritius. Applied Economics, Volume 44, Issue 9, March 2012, 1143-1158, by Habiyaremye/Ziesemer. Approach: Neoclassical growth plus: Exports buy capital goods, drive investment in the transition and the steady state. New: Estimates of income and price elasticities of export demand, TFP growth, elasticities of production. Result: Both, TFP and world income drive growth in Mauritius Link: http://www.merit.unu.edu/publications/wppdf/2008/wp2008- 072.pdf http://www.merit.unu.edu/publications/wppdf/2008/wp2008- 072.pdf 2

3 Optimal public investment, growth, and consumption: Evidence from African countries by Fosu, Getachew & Ziesemer Approach: Theoretical and empirical growth models with private, public investment (% GDP), population gr, GDPpc Dynamic SSA-panel estimation (interaction v.) Counterfactual simulation Result: Publ invest should go from 7.2% to 8.4-11% of GDP Link: http://www.merit.unu.edu/publications/wppdf/2011/wp201 1-051.pdf http://www.merit.unu.edu/publications/wppdf/2011/wp201 1-051.pdf 3

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