With a steep fall in the national savings rate in developing economies attributed to external shocks and stagnation of economic growth, this study will investigate the key drivers that explain variations in the public savings rate in Kenya using time series data spanning from 1975 to 2020. Available published economic literature has only investigated the determinants of savings in industrialized economies while ignoring low-income countries. To estimate the main determinants of national savin...
The empirical debate on the role of international tourism on local economic growth isinconclusive and is characterized by two main opposing views: the Tourism-led economicgrowth hypothesis and the Economy-driven tourism growth hypothesis. The objective ofthe study was to establish the role of tourism development on economic growth using timeseries secondary data from Zimbabwe. Empirically, the study develops a tourism-growthmodel that is an extension of Solow (1956) neoclassical growth functi...
ABSTRACT This study aimed at investigating regional differentials in Nigeria, and therefore achieved this through two objectives; First to determine the poverty levels of regions and then to ascertain the determinants of regional poverty. This study was motivated by the regional inequalities that exist in Nigeria, wherein one of the major macro-economic objectives is to ensure equitable distribution of National resources. The study employed the 2009 National House hold survey with the use o...
ABSTRACT Most developing countries strive to attract foreign aid because of its anticipated efficacy in fostering economic development in recipient countries. This study examines the impact of foreign aid on savings in Nigeria, using a two step approach of Engle-Granger procedure in a co-integration analysis. The study uses time series on a number of macroeconomic variables, spanning for the period 1970-2009. Secondary data were sourced from Central Bank of Nigeria (CBN) statistical bulleti...
ABSTRACT This work, in trying to ascertain some of the major macroeconomic factors that would drive the nation’s economic growth, examined the causal relationship among all share index (ASI), nominal exchange rate, foreign direct investment, oil exports and GDP using quarterly data spanning from 1985Q1 to 2014Q4. In a bid to determine if long-run relationships existed among the variables, the Johansen cointegration approach was used after subjecting the series to the Augmented Dickey Fulle...
The study examined the impact of non-renewable energy on economic growth in Nigeria. Specifically, the study sought to: investigate the impact of coal energy on economic growth in Nigeria; examine the impact of natural gas energy on economic growth in Nigeria and determine the impact of petroleum/crude oil energy on economic growth in Nigeria. This study made use of ex post-facto research design. These variables of the study consist of economic growth (RGDP); natural gas energy (GAS), petrole...
Abstract The study examined the impact of non-renewable energy on economic growth in Nigeria. Specifically, the study sought to: investigate the impact of coal energy on economic growth in Nigeria; examine the impact of natural gas energy on economic growth in Nigeria and determine the impact of petroleum/crude oil energy on economic growth in Niger...
ABSTRACT This paper explored some empirical studies in the topic area to uncover the role of entrepreneurship in the Nigeria economic development. The work uncovered that entrepreneurship plays a significance role in the Nigeria economic development, but that entrepreneurship in Nigeria is been confronted with some setbacks that are hindering it significance role in the Nigeria economic development there by recommending proper policy coordination and policy stability; reforms in the edu...
This article empirically examines the fiscal policy elements affecting economic growthin 27 European countries and Switzerland (Without the United Kingdom). The researchobjective is to estimate the impact of macroeconomic variables such as tax revenue,government expenditure and public debt on the economic development of 28 Europeancountries. The study employs a panel ordinary least squares (POLS) technique with afixed effect estimation method. The Hausman test was applied to support the valid...
Abstract This paper evaluates the impact of health expenditure on health outcomes - Neo-natal Mortality, and Infant Mortality in selected Sub-Saharan African Countries after the Ebola endemic in 2014. Using 7 years of pre - and post-shock data between 2014 and 2021 and a difference-in-differences identification strategy, this paper finds negative effect of health expenditure in on infant mortality rates which is an improvement that is expected, however; health expenditure is associated with i...
This paper evaluates the impact of health expenditure on health outcomes - Neo-natal Mortality, and Infant Mortality in selected Sub-Saharan African Countries after the Ebola endemic in 2014. Using 7 years of pre - and post-shock data between 2014 and 2021 and a difference-in-differences identification strategy, this paper finds negative effect of health expenditure in on infant mortality rates which is an improvement that is expected, however; health expenditure is associated with increase i...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Tax is a major source of government revenue all over the world. Governments use tax proceeds to render their traditional functions such as the provision of public goods, maintenance of law and order, defense against external aggression, regulation of trade and business to ensure social and economic maintenance (Azubike, 2009). The economic effects of tax include micro effects on the distribution of income and efficiency of resources use ...
The Impact and Causes of the 2008 Financial Crisis In 2007, a global financial crisis rapidly gained traction from the crash of the United States housing market to the worst recession the world had witnessed in over six decades. Through an in-depth review of the crises in terms of causes, consequences and policy responses, this paper identifies the impact on Local Governments on both the revenue and expenditures side of the bu...
ABSTRACT The purpose of the study was to establish the effect of infrastructure investment on economic growth of Uganda. The objectives were to examine the effect of health infrastructure investment on economic growth. To examine the effect of road infrastructure investment on economic growth and to establish the effect of educational infrastructure investment on economic growth. The study was conducted based on time series data for the period of 1985-2016, the data was attained was analyze...
ABSTRACT This study examines the causal relationship between exchange rate and stock prices in Nigeria using quarterly data for the period of 1990-Q1 to 2009-Q4. The ADF and PP tests suggest that the series are random work processes in their level form. Pair-wise Granger Causality was tested within multivariate co-integration and vector error correction model (VECM) framework. Three different stock exchange indicators were used as proxy for stock prices to test the direction of causality be...