Economics Research Papers/Topics

Health Expenditure and Economic Growth Nexus: A Review of Empirical Literature

This article reviews empirical literature on the relationship between health and economic growth across different geographical jurisdictions in Ghana.

Determinants of Savings in Kenya: Time Series Analysis

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...

Tourism Led Growth: Evidence from Time-Series Data

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...

Fiscal policy and economic growth: Evidence from European Union countries

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...

Health Outcomes_Aderonke

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...

Health Expenditure and Health Outcomes Aderonke

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...

Fiscal Decentralization and Energy Consumption: A Race to Decentralization

This study examines the effect of fiscal decentralization, in the form of shifting responsibilities of tax revenues, expenditure and planning from the central government to lower local governments, as well as rapidly rising income, on energy consumption for 47 Kenyan counties over the period 2013 to 2017. This study employs panel methodology and the ordinary least squaresregression model to investigate this effect in Kenya. The index of fiscal decentralization is measured by the ratio of sub-...

ANALYSE THE BENEFITS AND DANGERS OF FOSTERING A BILATERAL TRADE AGREEMENT WITH THE UK

Introduction TheUKisanimportanttradepartnerformanycountriesthatseektoboost theireconomiesthroughtradeandinvestment.TheUK’sproximitytotheEU makesitanaturalchoiceformanycountriesseekingtostrengthenEuropean ties.However,somechallengesmustbeconsideredifacountryisconsidering enteringabilateraltradeagreementwiththeUK.Firstofall,theUK’seconomic performancehasbeenlacklusterinrecentyears.Thismeanstheymaybeless incentivetoagreewithyou,especiallyiftheywantyourcountrytojointheir free-tradezone.Second...

Impact of Government Health and Education Expenditure on Economic Growth in Nigeria: Econometric Approach of Autoregressive Distributive Lag Model (ARDL)

The study examined the impact of the impact of government health and education expenditure on economic growth in Nigeria. The specific objectives were to: (i) determine the impact of government health expenditure on economic growth in Nigeria; (ii) ascertain the impact of government education expenditure on economic growth in Nigeria and (iii) evaluate the impact of Primary school enrolment rate on economic growth in Nigeria. This study made use of ex post-facto research design. The data anal...

Impact of Non-Oil tax revenue on economic growth in West Africa: Multivariate panel data approach

This study examined the impact of non-oil tax revenue on economic growth in West African Countries. Specifically, the study sought to: investigate the impact of value added tax on economic growth in West Africa; examine the impact of company tax revenue on economic growth in West Africa; determine the impact of personal tax revenue on economic growth in West Africa. The variables used in the study were value added tax (VAT), company tax revenue (CIT), personal tax revenue (PIT) and real GDP g...

LONG-RUN IMPACT OF INTEREST RATE, EXCHANGE RATE AND INFLATION ON PRIVATE SECTOR INVESTMENT IN NIGERIA

Abstract This study examines the long-run impact of interest rate, exchange rate and inflation on private sector investment to in Nigeria over a period of 1980 – 2018. To achieve the objectives, annual time series data on real interest rate (RINT), exchange rate (EXCR), inflation rate (INFL) and private sector investment (PSIV) were collected from the publications of the Central Bank of Nigeria (CBN) and was analysed using the Johansen co-integration model. The co-integration result reveals...

RESPONSE OF MONETRAY POLICY TO INFLATION PERSISTENCE IN NIGERIA

Abstract This study uses monthly data covering the period January, 2007 – September, 2018 to examine the response of monetary policy to inflation persistence in Nigeria. Persistence in three inflation indicators (core inflation, food inflation and headline inflation) were estimated using the univariate structural time series model (STSM) and Bayesian vector autoregressive (BVAR) model and the results were compared. Findings from the results of analysis reveal evidence of high inflation pers...

TESTING THE RANDOM WALK HYPOTHESIS (RWH) IN THE NIGERIAN STOCK EXCHANGE

AbstractThis study uses annual data spanning over 1986 - 2018 to test the existence of random walk hypothesis in the Nigerian stock market. Findings from the study reveal that the three variables of the study are not stationary at level, but are stationary only at first difference. However, ASI and MCP that were stationary at levels when KPSS was employed with intercept and trend included in the estimation. This suggests that the Nigerian stock market follows a random walk and as such, stock ...

Impact of Money Supply on Economic Growth in Nigeria: Evidence from Vector Autoregressive Model

Abstract This study examines the impact of money supply on Economic Growth in Nigeria using time series data spanning 1980-2019. Data on currency in circulation (CIC), narrow money supply (M1), broad money supply (M2) and real gross domestic product (RGDP) were collected from the online database of the Central Bank of Nigeria (CBN) and were analyzed using the unrestricted Vector Autoregressive (VAR) model. Impulse response function (IRF) and Cholesky variance decomposition (VDC) were also obt...

Government Spending on Infrastructure and Private Investment: A Disaggregated Analysis

Limited empirical studies have disaggregated the government spending into infrastructure and consumption expenditures in this thematic area. More so, Kenya has witnessed a tremendous increase in spending on infrastructural projects such as highways, road, ports, fiber optic, standard gauge railway, and massive investment in road management and maintenance. All these efforts are meant to accelerate the realization of the Kenya Vision 2030 as well as the ‘Big Four’ agenda of the Kenyan gove...


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