Can technology provide a glimmer of hope for economic growth in the midst of chaos? A case of Zimbabwe.

Kumar, Ronald Ravinesh ORCID: 0000-0001-9658-4896 (2016) Can technology provide a glimmer of hope for economic growth in the midst of chaos? A case of Zimbabwe. Quality & Quantity. ISSN 0033-5177

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Official URL: http://link.springer.com/journal/11135

Abstract

In this paper we examine the effect of technology on economic growth in Zimbabwe over the period 1975–2014 whilst accounting for structural breaks. We use the extended Cobb–Douglas type Solow (Q J Econ 70(1):65–94, 1956) framework and the ARDL bounds procedure to examine cointegration and short run and long run effects. Using unit root tests, we note that structural changes in Zimbabwe are generally marked by the period 1982 onwards. We find that mobile technology has a positive short-run (0.09 %) and long-run (0.08 %) impact on the output per capita. The structural changes post-1982 periods show positive impact in the short-run (0.06) and the long-run (0.09), whereas the coefficient of trend in the short-run (-0.03) and the long-run (-0.04) is negative. The Granger non-causality test shows a unidirectional causality from capital stock (investment) per capita to output per capita and a bi-directional causality between mobile cellular technology and output per capita. The plausible reasons for estimated magnitude effects and the direction of causality are explained for policy deliberation.

Item Type: Article
Additional Information: Article to be published in Quality and Quantity - International Journal of Methodology in 2016, © Springer Science+Business Media. Published online in 'online first' here : http://link.springer.com/article/10.1007%2Fs11135-016-0319-0
Uncontrolled Keywords: Mobile cellular technology, Structural breaks, Economic growth, ARDL, Causality, Zimbabwe
Divisions: Institute of Management > Bolton Business School
Depositing User: Tracey Gill
Date Deposited: 16 May 2016 17:17
Last Modified: 08 Mar 2018 12:02
Identification Number: 10.1007/s11135-016-0319-0
URI: http://ubir.bolton.ac.uk/id/eprint/865

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