PDF | On Jan 1, 2021, Xiaohui Hou and others published Improving Allocative Efficiency in Zimbabwe's Health Sector: Results from the Health Interventions Prioritization Tool | Find, read and ...
1. Introduction. In Zimbabwe, the mining sector is one of the key drivers of the economy as it ranks among the top three contributors of Gross Domestic Product (GDP) (Zimbabwe Economic Report, Citation 2018).The Chamber of Mines of Zimbabwe (2015) highlights that the mining sector has become one of the important drivers of economic …
Zimbabwe's state power utility ZESA aims to more than double national grid capacity by 2025 to respond to increased demand from the mining sector, its chief executive said on Thursday.
Such market frictions are expected to negatively affect allocative efficiency, firm performance and aggregate TFP in the economy. ... The Zimbabwe Manufacturing Sector. Zimbabwe is a low-income economy emerging from over a decade-long economic crisis. From 2000 to 2009, the Zimbabwean economy collapsed in the …
This is part of the Government's drive to add value and beneficiation in the mining sector and to underpin the sector's vision to be a US$12 billion economy by 2023," said Minister Chitando. Zimbabwe Environmental Lawyers Association (Zela) has put it on record that delays in upgrading the cadastre system was detrimental to miners.
This paper examines the extent and sources of resource misallocation between the formal and informal manufacturing sector in Zimbabwe by measuring capital and output distortions. Resources misallocation across firms occurs when resources from higher productivity firms are reallocated to lower productivity firms thereby reducing aggregate …
Costcutters: Efficiency and productivity in mining. Increasing productivity and cutting wasteful costs could help the mining industry when market conditions are tough. Chris Lo talks to Michael Beare of SRK Consulting to find out what mines could, or should, be doing to maximise their margins. ... The mining industry is …
Transparency and accountability were some of the thorny issues in the mining industry, however under the new Bill mining giants will now be obliged to be listed in the stock exchange, which is a positive development in the promotion of accountability, transparency and curbing illicit financial flows ravaging Zimbabwe's mining sector.
create more efficient water allocation processes; develop catchment water use plans, with the full participation of stakeholders; ... Donor withdrawal: The water sector reforms in Zimbabwe were largely donor-driven. Several donors pledged to support the reform process. This was very positive, considering that a particular
The local district may come up with artisanal mining licences and these should be granted based on citizenship, age (attainment of the age of majority), should be a member of an association, artisanal mining cooperative or such groupings, the person should be able to demonstrate capacity to run the mining activity in an effective and …
The 2022 National Budget allocated ZWL$3 billion to finance the amendment of the Mines and Minerals Act, operationalisation of the mining cadastre system, decentralisation of operations, opening of closed mines, hiring, and capacitating mining extension officers, mineral value addition and beneficiation, the establishment of …
The study employs the autoregressive distributed lag (ARDL) approach to examine the relationship between foreign direct investment (FDI) in the mining sector on the Zimbabwe economy, while controlling for both non-mining FDI and domestic investment. Using data over the period 1988–2018, this research results show that …
It shows that market distortions in Zimbabwe curtail the efficient allocation of production resources and constrain the performance of manufacturing sector firms, particularly in the informal sector. Thus, a policy framework that aims at reducing market frictions and distortions may substantially enhance allocative efficiency and firm ...
Table of Contents ACKNOWLEDGEMENTS 9 EXECUTIVE SUMMARY 11 ABBREVIATIONS 15 1. Introduction 17 2. Summary of Previous Health Sector Analysis 18 2.1 The National Health Accounts for 2015 18 2.2 The Resource Mapping Study by MOHCC 18 2.3 The Fiscal Space Analysis for Health in Zimbabwe 18 2.4 The Health …
Aggregate productivity losses are found to be particularly pronounced in emerging economies where large market frictions impede efficient resource allocation. Available estimates, however, almost entirely exclude firms in the informal sector that in some countries, such as Zimbabwe, make up a high share of overall production and …
Statutory Instrument 5 of 2023 is likely to stymie Zimbabwe's mining sector in 2023 before spurring growth in the longer term in a J-curve trajectory.
Therefore, the implementation of inventory control systems directly helps to improve the performance of organisations in the mining sector of Zimbabwe through …
To bring costs down in a sustainable way, mining companies can: Re-evaluate their operating models to ensure they have the management and reporting systems necessary to build a cost …
Allocative efficiency is the level of output where the price of a good or service is equal to the marginal cost (MC) of production. Allocative efficiency is achieved when goods and/or services are distributed optimally in response to consumer demands (that is, wants and needs), and when the marginal cost and marginal utility of goods and …
Allocative efficiency between and within the formal and informal manufacturing sector in Zimbabwe. Godfrey Kamutando and Lawrence Edwards . Saldru Working Paper 302 …
Allocative Efficiency between and within the Formal and Informal Manufacturing Sectors in Zimbabwe. Resource misallocation has the potential to reduce aggregate total factor productivity and undermine industrial development. Aggregate productivity losses are found to be particularly pronounced in emerging economies …
Innovation plays a critical role in the mining industry as a tool to improve the efficiency of its processes, to reduce costs, but also to meet the increasing social and environmental concerns among communities and authorities. Technological progress has also been crucial to allow the exploitation of new deposits in more complex scenarios: …
The Bottom Line . Allocational efficiency is the efficient allocation of resources that leads to maximum overall satisfaction in the economy. Allocative efficiency ensures that resources are used ...
This also holds in the case of the Zimbabwean manufacturing sector, where Medina and Schneider (2018) estimate the average size of the informal sector, or shadow economy as they term it, to be 61 percent of gross domestic product (GDP)—the highest …
It shows that market distortions in Zimbabwe curtail the efficient allocation of production resources and constrain the performance of manufacturing sector firms, particularly in the informal sector. Thus, a policy framework that aims at reducing market frictions and distortions may substantially enhance allocative efficiency and firm ...
Allocative efficiency is maximized when the marginal benefit = the marginal cost of producing one extra unit. Marginal Benefit = Marginal Cost. If the marginal benefit exceeds the marginal cost, then people will be willing to pay a higher price than the economic cost of production, which therefore allows the manufacturer to increase profits by ...
This paper examines the extent and sources of resource misallocation between the formal and informal manufacturing sector in Zimbabwe by measuring capital and output …
The National Employment Council for the Mining Industry deals with employment and related matters in the mining industry. The Minerals Marketing Corporation of Zimbabwe (MMCZ) is responsible for marketing minerals in Zimbabwe. 1.3 Describe any other sources of law affecting the mining industry.
Allocative efficiency would occur at the point where the MC cuts the Demand curve so Price = MC. The area of deadweight welfare loss shows the degree of allocative inefficiency in the economy. Allocative …
PDF | On Dec 1, 2019, Lyman Mlambo published The Performance of the Zimbabwe Mining Sector in 2019 | Find, read and cite all the research you need on ResearchGate.
Zimbabwe's mining sector is expected to be one of the key drivers for economic growth this year on the back of its export generation capacity. The industry accounts for between 12 and 15% of annual Gross Domestic Product (GDP) and the diverse mineral base has the potential to generate about US$18 billion annually, experts …
Existing studies in Zimbabwe have solely been looking at technical efficiency. This study looks at allocative efficiency which has been shown to be important in mainstream …
