ABSTRACT This paper investigates how the tax systems impact the country‟s economic growth and income distribution over the period 1996 to 2016. The study uses a single equation method in determining the relationship that exists between tax structures and economic growth and income inequality. This study contributes to the literature in country-specific studies particularly in Tanzania as it introduces the impact of tax structure on economic growth and income inequality. The study hence emp...
ABSTRACT This study is motivated by the conviction that previous studies on the determinants of per capita government healthcare expenditure are mostly based on international comparisons of healthcare expenditure. The study analyses the main demand side determinants of per capita government healthcare expenditure in Ghana from 1970 to 2006. Using the Johansen cointegration test and an error correction model, the paper identified the key determinants of per capita government healthcare expendi...
ABSTRACT Exchangerate isthe priceofonecurrency intermsofanothercurrency. Exchange ratesthisexchangerateisalsoused todeterminethe level ofoutputgrowth ofthe country.Overtheyears,Nigeriahasadoptedvariousexchange rateregimeranging researchworkiscenteredonthe impactof exchangerate ontheNigeria economic growthwith specialemphasisonthe purchasingpower oftheaverageNigeriaand the level of international trade transaction. Todo this, the classical linear regressionmodelisappliedandt...
ABSTRACT Most of the studies relating banking activities and macroeconomic behavior of many nations focused on the effect of macroeconomic instability on banking sectors. This study rather examines the impact of banking instability on the Nigerian economy. Annual data were used ranging from 1980 to 2011 drawn from various data publication issues domestically and those outside the country. Variables taken into consideration in the course of analysis are those proxies to the banking instabilit...
ABSTRACT The quest to mobilize sustainable domestic revenues for financing development is a challenge for many countries, especially those in the developing world. Discovering non-renewable natural resources should therefore be good news. However, the notion of a natural resource curse suggests that countries that are rich in natural resources often perform poorly on several development outcomes. A related term, fiscal resource curse, has emerged. The fiscal resource curse is the inability o...
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 The study sought to test the hypothesis that foreign aid flows generate “Dutch Disease” in the recipient country which in this case is Ghana. Annual data covering the period 1983 to 2010 was collected and interpolated into quarterly series for the analysis of the study. The outcome of the study showed that foreign aid as well as government expenditure, real GDP and money supply had an appreciating effect on real exchange rate where as trade openness and terms of trade exert depr...
ABSTRACT Nigeria’s share of Foreign Direct Investment (FDI) inflows to Africa fell from 35.3% in 1990 to 13.6% in 2000 then rose to 16.3% in 2005 and stood at 14.1% in 2010. In theory, uncertainty adversely affects FDI inflows. However, very little attention is given to the effects of economic and political uncertainties on FDI inflows in developing countries. This study, therefore, examined the effects of economic and political uncertainties on FDI inflows to Nigeria at the aggregated and...
ABSTRACT The principal objective of this paper is to ascertain and examine the presence of gender gaps in the performance of SMEs in Ghana, and to determine the contribution of financial inclusion to the gender performance gap of 1225 SMEs observed in the Gender and Enterprise development in Africa survey in 2015. Using the Unconditional Quantile Decomposition Technique, the findings from the study revels statistically significant gender gaps at the selected quantiles. Financial incl...
This study investigated the impact of fiscal and monetary policy on Nigerian economic growth from 1981 to 2015, with the interest in exploring which of fiscal or monetary policy has been effective in propelling economic growth in Nigeria and how GDP growth responds to the monetary and fiscal policy shock. The positive impact of these policy tools on economic performance will help the country achieve sustained growth and while reducing economic instability. Time series data were collected from...
The ability to model a stable relationship between money and prices is fundamentally considered a necessary requirement for a monetary targeting framework. Having a stable money demand function helps to ensure that the desired impact of monetary policy is predictable. The study undertaken sought to explain the determinants of money demand in Uganda employing cointegration analysis to establish the existence of a long-run relationship between Money, income, a vector of interest rates, inflatio...
This work reviews the relationship between trade openness and price stability in Nigeria using time series annual data.