Dr. Yakubu Abdul-Salam is an Associate Professor (Senior Lecturer) of economics and finance at the University of Aberdeen in the UK. His research involves applied economic analysis, with long-standing interest in energy and development economics. A significant aspect of his work comprises economic modelling using constrained optimisation and empirical analysis techniques. He is an expert in GAMS (General Algebraic Modelling Systems) for constrained optimisation modelling involving linear programming, non-linear programming, mixed integer programming, computable general equilibrium (CGE) modelling, etc.; Python for machine learning and data science; MATLAB for graphical analysis, genetic algorithm applications, software development, etc.; STATA for econometric analysis and high dimensional data analytics; ArcGIS for GIS analysis, and so on. He has published in, and refereed for, several high quality international journals including Energy Economics (ABS 3*), The Energy Journal (ABS 3*), Journal of Environmental Management (ABS 3*), World Development (ABS 3*), Energy Policy (ABS 2*), Resources Policy (ABS 2*), Socio-Economic Planning Sciences (ABS 2*), etc.
In his latest publication, Dr. Abdul-Salam explores the opportunities associated with the NDC’s proposed 24-hour economy initiative in Ghana. Using a CGE modelling framework, he examines the economic, labour, and welfare implications of the policy over a ten-year period. His findings reveal that transitioning to a 24-hour economy in Ghana could bring transformative economic opportunities. Ghana’s real GDP growth (distinct from the GDP growth rate) would be 31.71% higher in ten years compared to a business-as-usual scenario. This indicates significant increases in economic output within the Ghanaian economy under a 24-hour economy setting. Additionally, the policy could create over 3 million jobs within five years, with substantial employment gains in the manufacturing, agriculture, wholesale and retail trade, services, construction, and transport sectors. The policy’s transformative effects are driven by its capacity to stimulate capital investment and formation, boost productivity, and increase household incomes.
Dr. Abdul-Salam concludes his paper by asserting that the 24-hour economy policy has significant potential for transformative economic growth in Ghana. However, he acknowledges potential challenges in implementing the policy, emphasising the need for a holistic approach to policy formulation that focuses on inclusive growth and sustainable development strategies.
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Source: https://www.sciencedirect.com/science/article/pii/S0038012124002167?dgcid=author
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