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2. Structural Transformation and Fiscal Policy in Botswana
- Author:
- Kelesego Mmolainyane
- Publication Date:
- 03-2019
- Content Type:
- Working Paper
- Institution:
- Botswana Institute for Development Policy Analysis
- Abstract:
- This paper analyses impacts of fiscal policy on structural transformation in Botswana using structural vector autoregression (SVAR) model over the period of 1990 to 2015. The study uses an inclusive sustainable transformation (IST) index and government expenditure as proxies for structural transformation and fiscal policy respectively. Results show that prudent fiscal policy can be used as a major strategic tool for structural transformation in Botswana. Most evidently, IST index responds positively to government expenditure shocks over time. In addition, fiscal policy innovations dominantly account for movements in structural transformation in Botswana. Notwithstanding, Botswana has a lot of potential and opportunity to use its fiscal policy more effectively and efficiently to promote an inclusive structural transformation that leads to sustainable economic growth.
- Topic:
- Economics, Economic structure, Macroeconomics, and Fiscal Policy
- Political Geography:
- Africa and Botswana
3. The Impact of Infrastructure on Economic Growth in Botswana
- Author:
- Mpho Raboloko
- Publication Date:
- 03-2019
- Content Type:
- Working Paper
- Institution:
- Botswana Institute for Development Policy Analysis
- Abstract:
- The study determines the impact of infrastructure on economic growth in Botswana. The study employs an Autoregressive Distributed Lag (ARDL) estimation technique to determine how infrastructure affects economic growth in Botswana. The empirical results show that healthcare infrastructure has a positive and significant impact on economic growth in Botswana in the long run. The results further reveal that electric power consumption has a positive and significant effect in influencing economic growth in the short run. The results imply that in order to achieve higher economic growth, policymakers should consider accelerating improvement of healthcare infrastructure.
- Topic:
- Agriculture, Economics, Infrastructure, Health Care Policy, Economic structure, Economic Growth, and Rural
- Political Geography:
- Africa and Botswana