The East African Community members' strategy is focused on achieving smart, sustainable, and inclusive economic growth. This cannot be achieved without the major contribution of skills, knowledge, and innovation, commonly known as human capital formation. It is difficult to believe that these goals could be realized without a good education and training system, training development, better health sector infrastructure, a large diffusion of knowledge in the manufacturing and service sector, an...
Inclusive financial systems in any economy cannot be ignored. In fact, it has become a policystrategy in many governments around the world, including East Africa region economies – Kenya,Uganda and Tanzania. Using panel data, this study presents a cross country analysis of thevariables that determine financial inclusion levels with a key focus on economic growth throughdemand leading hypothesis. The study sought to test if economic expansion matters in financialinclusion in East Africa for ...
ABSTRACT The importance of economic and political institutions to economic growth has been demonstrated in the literature. However, little is known on how such institutions impact on growth and what determine the quality of economic institutions in Africa. Therefore, this study was aimed at examining the impact of economic and political institutions on growth as well as the impact of political transition on the quality of economic institutions. Game theory was used to develop a political ec...
Abstract: The quest for power affects every dimension in international relations. Strong states are capable of influencing and shaping the foreign policy of weak states, influence regional organizations and set the global agenda. Africa has been at the periphery of setting the global agenda mainly due to the fact that most African states formally joined the international system late and this relationship is a result of colonization that was prevalent prior to 1963's foundation of the Organiz...
ABSTRACT Most economies in Sub–Saharan Africa (SSA) have been associated with low and volatile growth performance over the years. Export diversification is identified in the literature as growth–inducing. However, the assessment of the effect of export diversification on economic growth has not received much attention in Sub–Saharan Africa. The study provides evidence on the relationship between export diversification and economic growth using panel data of forty–two (42) Sub–Saha...
Investing in High-technologies for a sustainable and efficient growth in the Sub-Saharan African countries by Elhadji Massata Diakhate E-mail: [email protected] Abstract This paper discusses the benefits for the Sub-Saharan African countries to invest in high-technologies as a more efficient long-term growth strategy. This type of investment can produce much more effective results than investing in the traditional sectors like agriculture. This paper is organized in four main parts. The f...
The New Partnership for Africa’s Development is a pledge by African leaders, based on a common vision and a firm and shared conviction, that they have a pressing duty to eradicate poverty and to place their countries, both individually and collectively, on a path of sustainable growth and development and, at the same time, to participate actively in the world economy and body politic. The programme is anchored on the determination of Africans to extricate themselves and the continent from t...
AbstractThe study examines the impact of agriculture on economic growth in Nigeria from 1980 to 2014. Agriculture played a dominant role in the economic growth of the country, providing employment opportunity, raw materials for industries and providing foreign exchange earnings for the country. Though little emphasis was placed on agricultural productivity in the advent of crude oil, the impact of agriculture on economic growth has been significant. The study therefore examines some policy pr...
ABSTRACT This thesis has four empirical papers. The first paper examines the determinants of bank market power in Africa. The second paper contains analyses of how financial development and financial innovation lead to economic growth convergence between African countries and the world’s technological leader. The second paper also analyzes whether financial innovation lead to economic growth in six sub-regions in Africa. The third paper examines whether bank market with power promote fina...
ABSTRACT The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies on the association between government expenditure and economic growth show conflicting results and mainly focus on developed economies. Hence this study focused on both the functional and composition of public spending of the East African countries over the period from 1980 to 2010, with a particular focus on sectoral expenditures: ...
The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies on the association between government expenditure and economic growth show conflicting results and mainlyfocus on developed economies. Hence this study focused on both the functional and composition of public spending of the East African countries over the period from 1980 to 2010, with a particular focus on sectoral expenditures: Education, ...
ABSTRACT Development initiatives in post-independence Africa have been influenced by the social, economic and political conditions of the continent as well as the dominant development thoughts at different times. Africa has experienced a very low level of economic development since the 1970s compared to other regions of the world, and in response, several development initiatives have been articulated since the 1980s which reflect the continent’s preferred development agenda. The African ec...
Abstract: African diaspora in Africa and International Relations is an area that needs more research and analysis, to establish their importance in conversations around development and globalisation. In Kenya, the inward formal remittances from the Kenya Diaspora stood at Kshs 113 billion in 2013, accounting for 2.98% of the country’s Gross Domestic Product. This contribution is significant and provides an area that needs to be explored further to increase these economic contributions. Fur...
ABSTRACT Governments’ role in fostering accelerated economic growth is very significant and plays a key role in poverty reduction for most developing economies, for which most Sub-Sahara African countries are dominant. The effect of public spending on economic growth with its attending policy implications has ignited the interest of researchers both theoretically and empirically. The study set out to determine the effect of total government spending on economic growth in Sub-Saharan Africa....
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...