Scribd
Upload
69 views14 pages

Global Economics Assignment: Submitted By:-Mansi Mittal (82) Submitted To: - Prof. Moon Moon Haque

Mauritius has experienced steady economic growth from the 1970s to 2008, with some fluctuations. GDP grew at about 5% annually in the early period but was variable until 1982. Growth dipped in the mid-1970s due to domestic savings issues and rising costs, and in the late 1970s due to UK/France import restrictions and recession. The economy stabilized in the 1980s with new incentives and authorities established. GDP increased smoothly from 1987 onward due to gains in export processing zones, services, and other industries boosting overall growth. Mauritius has served as a model for fast, sustainable growth since the early 2000s.

Uploaded by

Mansi Mittal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
69 views14 pages

Global Economics Assignment: Submitted By:-Mansi Mittal (82) Submitted To: - Prof. Moon Moon Haque

Mauritius has experienced steady economic growth from the 1970s to 2008, with some fluctuations. GDP grew at about 5% annually in the early period but was variable until 1982. Growth dipped in the mid-1970s due to domestic savings issues and rising costs, and in the late 1970s due to UK/France import restrictions and recession. The economy stabilized in the 1980s with new incentives and authorities established. GDP increased smoothly from 1987 onward due to gains in export processing zones, services, and other industries boosting overall growth. Mauritius has served as a model for fast, sustainable growth since the early 2000s.

Uploaded by

Mansi Mittal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 14

GLOBAL ECONOMICS ASSIGNMENT

(BATCH :2018-2020)

SUBMITTED BY :- MANSI MITTAL (82)

SUBMITTED TO :- PROF. MOON MOON


PROF. MOON MOON HAQUE
Mauritius
Years t GDP GDP (scale down 1000) Model 1
1971 0 2,563 2.563 14.00
1972 1 2,817 2.817 15.20
1973 2 3,169 3.169 16.40
1974 3 3,511 3.511 17.60
1975 4 3,514 3.514 18.80
1976 5 4,086 4.086 20.00
1977 6 4,353 4.353 21.20
1978 7 4,520 4.52 22.40
1979 8 4,679 4.679 23.60
1980 9 4,208 4.208 24.80
1981 10 4,455 4.455 26.00
1982 11 4,701 4.701 27.20
1983 12 4,719 4.719 28.40
1984 13 4,940 4.94 29.60
1985 14 5,285 5.285 30.80
1986 15 5,817 5.817 32.00
1987 16 6,408 6.408 33.20
1988 17 6,844 6.844 34.40
1989 18 7,145 7.145 35.60
1990 19 7,652 7.652 36.80
1991 20 8,142 8.142 38.00
1992 21 8,533 8.533 39.20
1993 22 9,104 9.104 40.40
1994 23 9,505 9.505 41.60
1995 24 9,837 9.837 42.80
1996 25 10,349 10.349 44.00
1997 26 10,970 10.97 45.20
1998 27 11,628 11.628 46.40
1999 28 12,244 12.244 47.60
2000 29 12,563 12.563 48.80
2001 30 13,455 13.455 50.00
2002 31 13,912 13.912 51.20
2003 32 14,875 14.875 52.40
2004 33 15,574 15.574 53.60
2005 34 16,104 16.104 54.80
2006 35 16,667 16.667 56.00
2007 36 17,367 17.367 57.20
2008 37 18,513 18.513 58.40
Model 2 Model 3
13 14
15 15
Mauritius
17 16 200
18 17 150
19 18
100
19 20
50
19 21
19 22 0 f(x) = 0.4112086662x + 0.9381133603
0 R² = 0.9455062955
5 10 15 20 25 30 35 40
18 24 -50
17 26
-100
15 28
-150
13 29
11 32 -200

8 34
5 36
1 39
-3 41 According to above graph, Model 1 is the best among
-7 44 all three as it is almost nearby the scatter plot of GDP
-12 47 whereas other two are going extreme opposite so they
-17 51 are barely used.
-23 54 But Model 1 is also not that appropriate which can be
-29 58 used to calculate future or preditive value.
-35 62
So, with regression, we find out the equation which is in
-42 66
terms of y=mx
+c
-49 71
i.e. y = 0.4112x + 0.9381
-57 76
so,
-65 81 c = 0.9381
-73 87 m = 0.4112
-82 93
-91 100 so this is the most appropriate model as of now.
-101 107
-111 114
-121 122
-132 131
-143 140
-155 149
-167 160
-179 171
25 30 35 40

del 1 is the best among


he scatter plot of GDP
xtreme opposite so they

propriate which can be


ditive value.
the equation which is in

model as of now.
58
2008
18,513
40
t
35

30

25

20

15

10

0
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000

Mauritius GDP is almost in the increasing trend from the early 1970s untill 2008 but in between
are some fluctuation of dip down and raise of GDP ( if a sector grows fast but in tiny, it will not
large impact on overall economic growth) due to some reasons :-

According to above graph,


From early 1970s , growth rate rise by 5% per annum, but growth was highly variable untilll 198
this, Mauritius passed the Export processing zone law in 1970. At first, interprises wew too tiny
an important effect on overall growth of economy, but they did grow in their own right. During
of the growth in Agriculture and global sugar boom.

During 1975, there is a dip in the GDP suddenly due to the stagnation for following reasons like
availability of domestic saving after cessation of sugar boom and also retro-active wages and b
were awarded which raised cost in manufacturing sector which ultimatey leads to lack of growt
development.

As we can see from above, nearby 1979-1980 , there is again a drop down in the econony , whi
to the UK and France passed import restriction on pull-overs and the world recession during ea
further depressed demand.

After 1981-82, situation changed in MAuritius and its becoming more stable as number of ince
increased during this period.
1) new alliance govt, established in 1983
2) Creation of Mauriius export development of investment authority.

After 1987 , GDP increases smoothly a by full amount of wages and profits generated in export
processing zones. Workers are shifting from zero productivity to postive number, directly boosti
output.
As migration of umemployment to export processing zomes. Furthermore, growth in expot pro
zones , services and other industries besides manufacturing made a huge contribution to overa
of economy.
2) Creation of Mauriius export development of investment authority.

After 1987 , GDP increases smoothly a by full amount of wages and profits generated in export
processing zones. Workers are shifting from zero productivity to postive number, directly boosti
output.
As migration of umemployment to export processing zomes. Furthermore, growth in expot pro
zones , services and other industries besides manufacturing made a huge contribution to overa
of economy.

After early 2000s , Mauritius grow at good rate which become paradigm of fasr sustainable gro
Mauritius
population =
12.6 lakhs
geographic area
=12.6 lakhs
Location = Africa
16,000 18,000 20,000

untill 2008 but in between there


fast but in tiny, it will not have a

highly variable untilll 1982. During


, interprises wew too tiny to have
n their own right. During this, most

for following reasons like low


retro-active wages and bonuses
atey leads to lack of growth and

own in the econony , which is due


world recession during early 1980s

stable as number of incentives

rofits generated in export


ve number, directly boosting

more, growth in expot processing


uge contribution to overall growth
rofits generated in export
ve number, directly boosting

more, growth in expot processing


uge contribution to overall growth

gm of fasr sustainable growth.


a

You might also like