ABSTRACT Most economies in Sub–Saharan Africa (SSA) have been lagging behind in development due to low growth performance over the years. The destinations of SSA exports have largely remained the same, with Europe commanding the ‘lions’ share of total exports while intra-regional trade remains very low over the years. However, the assessment of the effect of export destinations (intra and inter-SSA exports) on economic growth has not received any significant attention in Sub–Saharan ...
ABSTRACT Though Ghana has succeeded in halving poverty prior to the commencement of the new global agenda – Sustainable Development Goals, the country still faces high maternal and child mortality rates partly due to disparities in household wealth among other contextual factors. This study investigates the effect of household wealth on selected indicators of maternal and child health– antenatal care (ANC), modern contraceptive use and under-five mortality. In 2016, the WHO recommended a...
ABSTRACT This study estimated price and income elasticities of energy demand in Nigeria. The objective of the study was to examine the responsiveness of demand for energy to changes in price of energy and per capita income in Nigeria. The demand for petroleum product (gasoline and diesel), proxy for energy demand is the dependent variable, while weighed average price for energy demand and per capita income are the independent variable. The study adopted regression analysis and vector error co...
ABSTRACT The trade sector is generally considered as one that can set the stage for the development of an economy, as evidenced by the immense economic developments attained by Japan and China as a result of their good performance in the trade sectors. Ghana had hopes of achieving such success in the trade sector owing to the abundance of natural resources in the country but within 25 years of independence, the economy had cave in as a result of poor economic performance in the trade sector....
ABSTRACT Differences in economic outcomes and the analysis of their determinants are of utmost importance in various domains. Especially with respect to gender, there is massive (political) interest in whether these differences reflect discrimination or whether they simply arise from differences in relevant observable characteristics between men and women. This study focuses on estimating wealth differences between men and women in Ghana to comprehend and appreciate these differences and unde...
ABSTRACT Sub-Saharan Africa (SSA) has been identified as the region least likely to achieve the MDGs. Of all the MDGs, those related to health seem far out of reach of the region even though SSA countries have been making efforts to achieve them. The unmatched nature of the efforts and outcomes has attracted several concerns in the literature. One variable that is very crucial to the advancement of the region towards the health-related MDGs is health expenditure. Though there are several stud...
ABSTRACT The expected harmony in terms of forward and backward linkages between education, skills and labour market outcomes has been met with frictions and imperfections that raises questions about the market relevance of acquired education and skills relative to industry requirements. The phenomenon of skills mismatch thus remains crucial for developing economies like Ghana considering colossal investment in education and skill development. This study, therefore, attempts to provide a compr...
ABSTRACT This study examines the dynamics of interest rate pass-through in Ghana since Bank of Ghana opted for inflation targeting monetary policy framework in accordance with the legislative instrument governing the institution. Time series data (policy rate, lending rate, deposit rate, interbank rate and Treasury bill rate) sourced from Bank of Ghana were analyzed using an error correction model. Per the estimation results, policy rate has an incomplete influence on wholesale market rates a...
ABSTRACT Children spending excessive time on market and domestic chores is common and pervasive in developing countries. This time input contributes to household’s current consumption which is beneficial to improving the current standard of living in the households. However with the tendency of affecting children’s welfare. There has been a lot of research on time use of children with more focus on children’s time on market activities whiles less attention is given to the hours childre...
ABSTRACT This study inspected the connection between educational expenditure and financial economic growth in Nigeria utilizing time series and secondary data from 1981 to 2018, sourced from the Central Bank of Nigeria (CBN), and the World Bank. Significant measurable apparatuses were utilized in investigating the connections between these factors. Stationarity attributes of the factors were tested utilizing the Augmented Dickey Fuller (ADF) procedure on Eviews. The relationships between educ...
ABSTRACT. This study assesses the determinants of agricultural output in Nigeria using annual data covering periods from 1981 to 2018. The variables employed were Agricultural Growth (AG), Agricultural Credit (AC), Government Expenditure on Agriculture (GEA) and Money Supply (MS) with Agricultural Growth (AG) as the dependent variable. The study employed the use of econometric analysis such as; Descriptive statistics, Unit root test (ADF), Granger causality test, Johansen co-integration test ...
ABSTRACT Most countries strive to attract foreign direct investment (FDI) because of its acknowledged advantages as a tool of economic development. Africa – and Nigeria in particular – joined the rest of the world in seeking FDI as evidenced by the formation of the New Partnership for Africa’s Development (NEPAD), which has the attraction of foreign investment to Africa as a major component. This study investigated the empirical relationship between FDI and and Nigeria’s economic impr...
ABSTRACT This study investigates the role of e-payment systems on economic growth in Nigeria over the period of 2010-2018. Specifically, the study analyses the role of e-payment systems on economic growth using value of e-payment transactions and volume of epayment transactions. The study used quarterly time series data for value of POS, ATM, mobile, Internet transactions and real GDP for model 1 and volume of POS, ATM, mobile, internet transactions and real GDP for model 2. The multiple regr...
ABSTRACT The service sector is a crucial component of every country’s economy, and it has been identified as a sector with the capability to become a significant driver of sustained growth in Africa. This study examines the Impact of Service Sector on Economic Growth in Nigeria from the period 1981 to 2019 using annual time series data sourced from the CBN statistical bulletin. The econometric approach of the paper is based on ordinary least square (OLS), Augmented- Dickey Fuller test, Joha...
Abstract Over time there has been mixed and controversial evidence in the literature regarding the relationship between population growth and economic growth and development. This study is an empirical analysis of economic growth and population growth in Nigeria, some writers have found a positive relationship between the two variables, others noticed a negative relationship, and some examined little to no correlation between the two variables. The purpose of this research paper is to observe...