36 research outputs found
Determinants of Domestic Investment in the Libyan Manufacturing Sector and its Impact
The main objectives of this thesis are to examine and estimate the determinants of
domestic investment (public and private) in the Libyan manufacturing sector, and to
investigate the impact of domestic investment on the Libyan economy. It adds to the
growing literature on the issue of economic growth and econometrics by drawing attention
to several issues hitherto little considered in the existing literature. In particular, the thesis
blends various aspects of economic growth with models of investment to explain and
define the main factors which affect domestic investment, and how domestic investment
drives economic growth in the Libyan economy. It is important to recognise that economic
growth has become an important aim for all countries in the world; especially less
developed countries, which require greater economic efforts to be able to deal with the
current international economic climate and the challenges of globalisation: domestic
investment is an exemplary element to stimulate economic growth to achieve this target.
The main objective of the Libyan government has been the industrialization of Libya,
principally through import substitution. Various import restrictions in the form of
licensing, quotas and tariffs have provided several sub-sectors of manufacturing with a
high level of protection from foreign competition. The government benefits from high
levels of financial return in terms of oil revenues, and the consequent easy availability of
imported raw materials and capital goods. Despite government support for investment
designed to encourage import substitution and export-oriented production, Libya has
continued to experience low levels of investment in the domestic manufacturing sector.
The stimulus to undertake this study was a desire to explore the most important
determinants of fixed investment in Libya's manufacturing sector.
This study aims to identify determinants of domestic investment in both the public and
private manufacturing sectors in the Libyan economy during the period 1962-2008.
Furthermore, this study aimed to identify the impact of domestic investment as a
determinant of growth in the Libyan economy during the period 1962-2008. Cobb-
Douglas Function was used to analyze the relationship between real per-capita GDP and
its most important determinants. Properties of time series of the model variables have been
analyzed by using several tests for determining the integration level of each time series
separately.B y using the Johansen-Juselius cointegration method, the results showed that
private investment is strongly and adversely affected in the longer term by changes that
take place in domestic public investment in the manufacturing sector, which shows the
competition factor between the private and public sectors. The results of these tests
revealed an equilibrium relationship between domestic investment in the private
manufacturing sector and its determinants in the long and short-run. Also, the results
showed the significance of the impact of annual appropriations for the manufacturing sector and imports of machinery & capital goods on domestic investment in the public
manufacturing sector, the results of these tests revealed an equilibrium relationship
between domestic investment in the public manufacturing sector and its determinants in
the long and short-run.
Moreover, the results showed the significance of the impact of investment on per-capita
GDP; the results of tests revealed an equilibrium relationship between per-capita GDP and
its determinants in the long and short-run. The study concludes that the elasticity of per capita
GDP to changes in domestic investment is greater than the elasticity of the labour
force, which appeared inelastic in the short and long-term.
According to the information available, the study and approach adopted have never been
undertaken before for Libya, and therefore might contribute toward advancing knowledge
and enhancing investment policy, and its implementation by government and private
manufacturing enterprises in Libya and other developing countries
Determinants of domestic investment in the Libyan manufacturing sector and its impact
EThOS - Electronic Theses Online ServiceGBUnited Kingdo
Insights into the status and distribution of cheetah (Acinonyx jubatus) in an understudied potential stronghold in southern Tanzania
Research on the African cheetah (Acinonyx jubatus) exhibits strong geographical biases, with most studies taking place within a few, well‐studied populations. Here, we provide the first insights into the status and distribution of a globally important cheetah population in the 50,000 km2 Ruaha‐Rungwa landscape in southern Tanzania. We employed data from four methods (systematic camera trap surveys, sign surveys, community camera trapping, and observations by photo‐tourism guides) to improve knowledge of this understudied population. Our findings indicate that cheetah are widespread across the landscape, although they appear to exist at relatively low population densities, likely primarily due to biotic factors. Our surveys revealed an extension of confirmed geographical range of the species and provide some of the first evidence that miombo woodlands may be an important habitat for cheetah across its eastern African range. We employ these findings to identify research priorities for the species elsewhere in the region. Community camera trapping revealed that cheetah are using unprotected areas, although rarely. Finally, we show that collaborations with tourism operators can be employed to monitor cheetah populations, but also identify limitations of this method. Our results have implications for conservation of the species both in southern Tanzania and across its African range