ABSTRACT The study analyzed the impact of foreign aid on economic growth in Tanzania. The study questioned the contribution of foreign aid on the development and recurrent expenditure as one of the source of funds, apart from net external finance and Government revenue; which most prior empirical works did not mention. The study filled this gap in literature by analyzing official development assistance, development expenditure financed by foreign aid and recurrent expenditure financed by for...
ABSTRACT Agriculture is one of the major economic activities in Tanzania. The sector links crops cultivation, forest, fishing and livestock production. Livestock contributes seven percent of the total Gross Domestic Product and poultry production contributes 1.8% only. Poultry farming present an interested case and continue to play an important role in the context of food demand resulted by high population and mounting land constraint. On the other hand, Poultry sector is still underutilized...
ABSTRACT The study empirically analyzed the sacrifice ratio in Nigeria for the period 1970-2013, using the Instrumental Variables Generalized Method of Moments (IV-GMM) technique. The results revealed that inflation inertia has a significant negative impact on the actual rate of inflation in Nigeria. It was also revealed that the percentage of a year’s real GDP that must be forgone to reduce inflation by 1 percentage point in Nigeria is 5.1. In 1982, 53.55 percent of the GDP was sacrif...
ABSTRACT This study examines how various health investments culminate in child health outcomes in Africa, case study the ECOWAS region. The main objectives of the study includes evaluating the impact of health inputs to health on child mortality in developing and advanced nations, and to determine if socioeconomic status has significant impact on child mortality. The study used panel data gathered from the World Bank World Development Indicators database. Data analysis relied on the use of t...
Abstract This Study Examined The Relationship Between Foreign Aid And Economic Development In Sub Saharan Africa. The Study Seeks To Examine The Role Of Institutions In Aid Effectiveness And Economic Development In Sub Saharan Africa. The Study Adopted A Theoretical Framework Similar To The Endogenous Or New Growth Model, As Well As; The System Generalized Method Of Moments (Gmm) Technique Of Estimation Was Adopted In Order To Overcome The Challenge Of Endogeneity Perceived In The Institutio...
ABSTRACT There has been an increase in West Africa trade on the global value chain but not so on the intra-regional level. This study which is motivated, among others, by the debate on the role of Economic integration as a determinant of bilateral trade performance, provides an empirical investigation on the effects of trade cost, trade policy and infrastructure quality on bilateral trade flows in Economic Community of West African States (ECOWAS) for the period 2006 to 2015. The augmented gr...
ABSTRACT This study focused on the empirical examination of Environmental Kuznets Curve (EKC) in West Africa and tried to discover whether or not the EKC held in West Africa for carbon emissions (CO2) which is an indicator of environmental quality. The study included the entire sixteen countries located in the West African region and spanned the time period from 1980-2012. The panel data estimation technique was carried out and the result generated from our analysis was that of the fixed effe...
ABSTRACT The study empirically investigated the impact of capital market on industrial sector performance in Nigeria between 1970-2012. The capital market was set up to achieve specific objectives which would boost the economy such as encourage domestic savings and increasing the quantity and quality of investments. The industrial sector performance was proxy by industrial output. Capital market variables considered include market capitalization, total new issue, volume of transaction, a...
Abstract There has been a lot of controversy over what influences stock prices most on the stock exchange. While some analysis believe that dividend policy is responsible for the stock price movements on the stock exchange, others claim that dividend policy is irrelevant to share price valuation. They are of the opinion that what matters to the investors are the financial performance of the companies and not the dividend payouts. It is the objective of the study to find out whether it is divi...
ABSTRACT A key policy objective ofsustainable economic development, especially in any developing country like Nigeria, is to establish energy development paths that are both economically e.f .f icient and sustainable. However, this depends significantly 012 full utilization ofsuch resources. This resear~hw ork adopts an econometric approach to evaluate both the impact and the sustainability of Gas utilization in the Nigerian economy. Also, it examines the structure ofgas flaring in N...
ABSTRACT This study investigated the effect of exchange rate on Nigeria’s non-oil sector outputs, with emphasis on the agricultural, manufactural and service sectors over a period of 1970-2012 through the co integration and the ECM approach. The co integration test showed that there was a long run relationship between the variables. Evidence suggested that exchange rate by has a negative non-significant effect on the agricultural and manufacturing sectors and a nonsignificant positive...
ABSTRACT A general way of evaluating the economic welfare of country is through its household per capita expenditure. Thus, the major purpose for this study is to investigate how the recent financial deepening processes in Nigeria have impacted on aggregate welfare. Private per capita consumption expenditure is used to measure aggregate welfare in this study which serves as a macroeconomic measure of indicators of aggregate welfare. Financial deepening can affect aggregate welfare in various...
ABSTRACT In line with the search for the real determinant of economic growth, this work sought to analyze the impact of institutional quality, government expenditure on economic growth, using a panel data analysis for four selected West African Countries (Nigeria, Ghana, Sierra Leone and Burkina Faso) from 2005 to 2013. The study found a positive and significant relationship between some institutions – economic institutions, on economic growth whereas political institutions showed a n...
ABSTRACT The study arose out of the need to tackle the challenges which emanated from the distortion of money demand and stress on inflation as banking crisis occurred. The challenges include liquidity squeeze and increased interest rate which undermined monetary policy implementation, reduced investment and sharply contracted economic activities. The study estimated the effects of banking crisis on money demand and inflation in Nigeria from 1970Q1 to 2014Q2. The specific objectives we...
ABSTRACT This paper tests the validity of Purchasing Power Parity (PPP) hypothesis for two Anglophone ECOWAS members, Nigeria and Ghana. The researcher tested the relative PPP equation. It also employed the ADF univariate Unit Root test for the stationarity of the exchange rates of each of the countries. Exchange rates and CPIs data for all countries were collected on annual basis for the period between 1970 and 2005. The results show the non-rejection of the null hypothesis of the fail...