• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2019 > Volume 7 Number 3 (Aug. 2019) >
JOEBM 2019 Vol.7(3): 132-136 ISSN: 2301-3567
DOI: 10.18178/joebm.2019.7.3.595

Technology and Economics Opportunities in South Africa by Hosting SKA

Yu Lu, Ting Lei, and Yiming Guo

Abstract—In this paper, we describe briefly the Square Kilometer Array (SKA) which will be deployed in South Africa as the largest radio telescope ever being built in the world and analyze detailed the proportion relations between Research and Development Expenditure and Gross Domestic Product (GDP) which have occurred in England, Canada, South Africa, China and other countries being involved in SKA program respectively for recent 20 years. The Solo Model, a common model aiming to explain the relationship among labor (L), capital (K), technology (A) and production (Y), is used to theoretically expound those foreign investment effects on South Africa’s economics and technology development in long-term and short-term periods, and the risks and opportunities of international trade with South Africa. Also, the roles of promoting South Africa’s economic and technology development are discussed and oversee the positive effect by hosting SKA. Finally, several suggestions or comments are drawn for South Africa to introduce international investments to boost domestic economy and high technology while taking the opportunity of fulfilling the SKA project.

Index Terms—SKA, technology and economics, investment in South Africa, Solow Model, risk and opportunity.

Yu Lu is with The 54th Research Institute of ECTC, No.589 West Zhongshan Road, Shijiazhuang, Hebei, China (e-mail: luyucti@hotmail.com). Ting Lei is with Boston University, Boston, MA, United States, 1 (617) 4596511 (e-mail: tinglei@bu.edu). Yiming Guo is with Syracuse University, Syracuse, NY, United States, 1 (617) 3204724 (e-mail: yguo28@syr.edu).

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Cite:Yu Lu, Ting Lei, and Yiming Guo, "Technology and Economics Opportunities in South Africa by Hosting SKA," Journal of Economics, Business and Management vol. 7, no. 3, pp. 132-136, 2019.

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