Resource Inefficiency and Poor Aggregate Economic Performance in African Countries: The Case of Namibia, 1968-1992

Voxi Heinrich S Amavilah ()

Development and Comp Systems from EconWPA

Abstract: This essay develops a transcendental variable elasticity of substitution (Trans-VES) production function in which hypotheses concerning scale, output-input, and substitution, elasticities can be examined. The objective is to determine the impacts of domestic resources on the pattern of economic performance. Using aggregate data for Namibia during the 1968-1992 period, the analysis find constant return to scale pre- 1980, followed by diminishing returns to scale post-1980, representing a switch from flexible to rigid substitutes (complements), along with limited technical progress. The shift indicates widespread inefficiencies, and recommend resource improvement.

Keywords: Trans-VES; production; function; resource; inefficiency; and; economic; performance; Namibia; Africa (search for similar items in EconPapers)
JEL-codes: O47 C6 D5 D9 O55 O33 O38 (search for similar items in EconPapers)
Date: 2003-07-19
Note: Type of Document - WordPerfect; prepared on IBM PC - PC; to print on HP/PostScript; pages: 42 ; figures: included. I never published this piece and now Iwould like to reduce mailing and xerox cost by posting it.

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