ABSTRACT This paper examined the impact of public debt on economic growth of Namibia for the period 2003 to 2016 using quarterly time series data on GDP growth as a proxy for economic growth; external debt and domestic debt. Time series properties were tested for stationarity using the Augmented Dickey-Fuller test. Johannsen Cointegration test found no long run relationship among the variables under study. The study employed Toda-Yamamoto Granger causality tests following a VAR framework and...
ABSTRACT The aim of this study was to investigate the effectiveness of inflation targeting in South Africa using the Vector Autoregressive method (VAR). The study used monthly data for the period 2000 to 2013 on the following variables: Consumer Price Index Inflation (CPI), money supply (M1), Repo Rate and the Nominal Exchange Rate (NER). The VAR methodology was used to investigate the response of inflation to monetary policy shocks under the inflation targeting framework. The findings from ...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
ABSTRACT The study investigated the relationship between trade openness and economic growth for Namibia using annual time series data over the period 1980 to 2011. The variables used include GDP per capita, labour force, capital formation, trade openness and real exchange rate. This study employed time series techniques such as unit root, cointegration, Granger-causality, impulse response function and forecast error variance decomposition. The Johansen co-integration analysis and Vector Auto...
ABSTRACT Inflation is a major macroeconomic issue in Ghana, although there have been times when it seemed to have been managed. This is evident in the periods such as June 2010, when Ghana attained a single-digit of 9.5%. However, there appears to be a fundamental problem in the management of inflation, in other words, inflation seem not to be tractable. The evidence from many studies conducted on inflation indicated that the causes of inflation are many and varied. However, the main thrust o...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
Abstract The spatial distribution of economic activity is unevenly distributed across regions within countries. Regional development policies and the incidence of crime rates, an important aspect of the quality of the local business environment, may both impact spatial disparities in economic activity. This thesis examines the relationship between regional development policy, the quality of local business environment, that is, security or lack thereof, captured by crime incidence, and regiona...
Abstract Financial innovations are considered important factors in the development of the financial sector and economic growth. Following the 2007/2008 financial crisis, their effects, both positive and negative, have become an issue of considerable debate, especially in industrialised countries. While a number of empirical studies on the effects of financial innovation have been undertaken for industrialised countries, few developing country studies exist. This is surprising, given the remar...
1.1 Background to the study and statement of the problem The term climate change here is defined as variation in the mean state of climate or its continuing, long term variability (IPCC, 2003). Climate variability consists of the statistics of temperature, rainfall, wind, humidity, atmospheric pressure, and other meteorological elemental measurements in a given region over long periods. This is unlike weather variability, which is the present condition of these elements and their variation ov...
ABSTRACT The study focused on the San community which is the most marginalised ethnic group in Namibia to establish their current economic status. The study sought to assess the effectiveness and impact of the poverty alleviation policies and programmes that are in place to respond to the plight of the poor, specifically the San. Primary data was collected in Omaheke and Ohangwena regions through structured questionnaires or interview guides, and field observations. Secondary data was collec...
Abstract This study investigated wage differentials among public servants in Nigeria with four specific objectives. Both primary and secondary (salary structures) data were used for this study. The work employs a stratified sampling technique in collecting the primary data. We employ the quantile regression and logistic models in our analysis. Using a sample of 840 employees, in accordance with our theoretical priors, the empirical result support the standard inverse relationship between wag...
ABSTRACT This study examines the nexus between human capital investment and poverty reduction in Nigeria. Specifically the study investigated the profile of poverty in Nigeria in the wake of human capital investment drive since 2005, the impacts of education and health expenditures on poverty level using probit regression model. The major findings of the study revealed, among other things, that poverty incidence by gender is higher for male-headed households than the female-headed household,...
ABSTRACT The study evaluates the impact of international trade flows on industrial sector employment in Nigeria. Specifically, the study evaluates the extent in which trade expansion has impacted on the industrial sector employment, the impact of net export on aggregate labour demand by industrial sector employment in Nigeria. The data for the study were mainly sourced from CBN statistical bulletins and World Bank economic indicator for Nigeria. The estimation was done within the framework ...
ABSTRACT This study investigated the relationship between population dynamics and economic growth in Nigeria. In addition, the study tried to identify the determinants of population growth as well as testing for causality between population and economic growth in Nigeria. Using annual time series data spanning from 1970 to 2013, the researcher employed a multiple regression model for the first and second objective of the study while the granger causality test was used to capture the third o...
ABSTRACT In the remittance literature, the empirical relationship between remittance receipts and agricultural asset accumulation has not been fully explored, and no clear-cut findings have been established. This is even worse for the sub-Saharan region and particularly for Ghana where little or no studies have examined such connection. Most of the efforts are geared towards Latin America and the Caribbean (LAC), and Asian countries. The purpose of this study, therefore, is to explore the imp...