ABSTRACT Urbanization is recognized as a key driver of rapid economic growth, structural transformation and poverty reduction. The enormous body of both theoretical and empirical knowledge widely supports the idea of a positive relationship between urbanization and economic growth. However, at the core of the existing debate is the causal direction. The first part of the study investigated the causal relationship between urbanization and economic growth in Sub-Saharan Africa (SSA) from the tw...
ABSTRACT The purpose of this study is to examine the determinants of investment in the Nigerian economy by making use of time series data for the period, 1970-2015. The study employed the auto-regressive distributed lag (ARDL) for the analysis. From the result, it is shown that exchange rate, interest rate, inflation rate, and total financial saving, all have a positive effect on investment whereas external debt has a negative effect on investment. Therefore, the Government should improve the...
Abstract This study examines empirical determinants of inflation dynamics in Nigeria between 1995 and 2018 fiscal years. It employed monthly data that were sourced from the Central bank of Nigerian Statistical Bulletin, 2018 edition. Several studies have examined inflation determinants in Nigeria for several periods, but the empirical findings of some of these studies are mixed in terms of the different forms of inflation. Headline inflation, which is the most, reported inflation in Newspaper...
ABSTRACT The study is in two folds. It first examined the effect of land tenure security dimensions on households‘ soil improvement and subsequently explored the effect of soil improvement on maize output among smallholder farmers in the Northern Region of Ghana. The data employed for this study were obtained from the 2011 Innovation for Poverty Action survey. The endogeneous switching regression model was employed for the analyses. The study found that, households who had full land right...
ABSTRACT The ability to innovate technology represents the highest degree of development of an industrial society. However, there has not been much research focused on innovation of a firm, especially in the apparel manufacturing industries in Ghana. The purpose of this study is to investigate the determinants of innovation within the context of the apparel industry, using cross sectional data collected on fifty apparel firms selected from the Accra Metropolis in the Greater Accra region of...
ABSTRACT Ghana’s pursuit of outward-oriented trade liberalization and capital account liberalization polices since the 1980’s has the proclivity of subjecting the economy to external shocks that may affect the size of government. It is therefore imperative that the effects of external interferences within the domestic economy on government’s spending behavior are examined. In this light, this study investigate the short-run and long-run effects of trade and financial openness on governm...
Wells Fargo is in the news, but for the wrong reasons. The company has been fined US$185 million and more than 5,000 employees have been fired for secretly creating more than 2 million customer accounts without the customers knowing it. Indications are that the woes of the bank are only just beginning. The scandal brewing is a result of the “Gr-eight” Initiative, a cross-sell initiative by the bank which takes advantage of customer loyalty to increase the average number of products held b...
Abstract This paper investigates the internationalisation strategies of Ghanaian service companies within the economic community of West African States (ECOWAS) market. The topic was necessitated by the increasing interest in the study of internationalisation processes of local firms in this era of globalisation, which hitherto was the preserve of multinational enterprises from the developed world. There is very little research on internationalisation processes of firms within the developing ...
ABSTRACT Most developing countries face the problem of raising tax revenue to carry out public sector spending. Tax revenue is necessary for economic growth and development. Unfortunately tax revenue generation has been low in Ghana. This study therefore examined the determinants of tax revenue with evidence from Ghana using quarterly data from 1988 to 2008. The tax effort function is used by regressing government expenditure, real gross domestic product and financial deepening on tax reven...
Introduction/Overview This paper is a review of innovation in the ICT entrepreneurship/mobile internet/mobile related applications space. The paper aims to identify best practice in stimulating innovation in developing countries. Definitions of Innovation We use the standard definitions provided by the UNESCO Institute of Statistics (UIS 2011) of both product innovation and process innovation: Product innovation: “the introduction of a good or service that is new or significantly improved w...
ABSTRACT Man is a social as well as psychological being. He strives to interact with others while depending on them and they on him.
ABSTRACT Traditional approaches for understanding environmental governance — such as environmental policy analysis or natural resources management — do not adequately address the gamut of human–natural system interactions within the context of the complex biogeophysical cycles and processes of the planet. This is perhaps more so in the African regional context where the complex relationships between modern and traditional governance systems and global change dynamics are arguably more p...
ABSTRACT This study empirically examines the relationship between stock market performance and economic growth in Ghana using quarterly time series data from 1991 to 2012 for four stock market performance indicators, namely; stock market capitalization ratio, stock market turnover ratio, total value traded ratio and the Ghana Stock Exchange market index with three other control variables. The study employed the Johansen and Juselius (1990) multivariate cointegration technique and vector erro...
ABSTRACT As at 2008, the much awaited oil find in Ghana had been realized, and as a natural phenomenon much attention had been shifted to the industrial sector specifically the mining segment. Till date many are attracted to the industrial sector specifically the mining segment due to its acclaimed high returns and much FDI inflow. The Ghana Statistical Service 2010 report showed that Ghana had increased its income by 60% to over US$44 billion coupled with a growth rate of 14%. However, these...
ABSTRACT The competition to attract greenfield foreign direct investment (FDI) among countries, due to its benefits, has taken the form of a reduction in the corporate tax rate globally over the decade. Aiming to determine the tax effect in attracting new investment into a country, the study focused on three objectives: the trend of corporate income tax and greenfield FDI, the effect of corporate tax rate on greenfield investment and the determinants of greenfield investment. In estimating t...