ABSTRACT Environmental issues have emerged in recent decades as a major aspect of the discussion of the problems of economic growth and development. Environmental problems associated with industrial activities in the final decades of the last century have heightened public concerns about the non-financial performance of corporations and increased pressure for the disclosure of environmental information. Over the past decades, there have been plethoras of literature on corporate enviro...
Abstract Statistics show that remittances to Kenya have been increasing over the years. Studies on the effect of remittances on economic growth in Kenya are limited and have not included private capital inflows as one of the determinants of economic growth. This study investigated the effect of remittances on economic growth in Kenya. Data was sourced for the World Bank's African Development Indicators and various Economic Surveys and Statistical Abstracts for the period 1970-20 IO. The stud...
ABSTRACT This study examined the impact of currency depreciation on the economy of the countries of the West African Monetary Zone (WAMZ). This was done through the use of a sample of six member countries including: Nigeria, Sierra Leone, Liberia, Ghana, Gambia and Guinea. The scope of the study included the period 2000 to 2017. The analysis was carried out using the Seemingly Unrelated Regression method of estimation. The results revealed that currency depreciation has a negative and non-s...
The empirical studies have portrayed from a different perspective that technology, foreign direct investment (FDI), and economic growth have diverse outcomes on carbon dioxide (CO2) emissions. African economies specifically Kenya are currently threatened with more CO2 emissions for which proper strategies need to be adopted to reduce and mitigate this situation. To address this issue, the Autoregressive Distributed Lag (ARDL) technique was utilized, differentiating between the long-term and s...
ABSTRACT Infrastructure development is critical for the economic growth of any country, more so as a supplyside growth catalyst. However, comparative reports by development partners indicate that Kenya, among other sub-Sahara African countries, has insufficient infrastructure relative to the rest of the world. As the continent embarks on major infrastructure projects to bridge this insufficiency, affected businesses are bound to experience varied effects on their performance. This study focu...
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 One of the most important and longstanding arguments in development literature is whether foreign aid promotes economic growth in recipient countries especially rural areas and it adds to the growing literature of foreign aid. Foreign aid aims to improve economic conditions and quality of life in developing countries. The literature on the efficacy of foreign aid to date has been inconclusive due to its debatable nature as to whether it promotes development or it aids to the destruct...
Abstract This study empirically investigates the inflation-economic growth relationship to determine whether a threshold effect exists and if so to estimate the optimal inflation level which is conducive for economic growth in Namibia. With this view, various tables and charts, correlation matrices, pair-wise Granger Causality tests and a quadratic regression equation was estimated by OLS. Time series annual data covering a sample period from 1980 to 2012 were used in the estimation process....
The need for African countries to improve tax revenue-GDP ratio has open up debate among policy makers. This study is motivated to analyse the impact of tax revenue, direct and indirect tax on economic growth of ECOWAS countries, using Seemingly Unrelated Regression Estimate (SURE) analysis for five selected Economic Community of West African States (Nigeria, Ghana, Sierra Leone, Benin and Burkina Faso) using data from 2000-2015 generated from World Bank World Development Indicators, 2016. Fi...
ABSTRACT The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population. This growing capacity is said to base on advancing technology. It is only through an effective economic system that human and material resources of the nation could be mobilized between the government and the governed. The concept of economy development of Nigeria with its objectives is aimed at standard and mobilization or mobilizing the functions ...
ABSTRACT The study investigates the impact of Foreign Direct Investment on economic growth in Nigeria. The study however investigates the level of real Gross Domestic Product vis-à-vis foreign direct investment, capital flow and exchange rate. Ordinary Least Square [OLS] is used to estimate three major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that foreign direct investment has a significant impact on the lev...
ABSTRACT The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population. This growing capacity is said to base on advancing technology.It is only through an effective economic system that human and material resources of the nation could be mobilized between the government and the governed. The concept of economy development of Nigeria with its objectives is aimed at standard and mobilization or mobilizing the functions ...
ABSTRACT In general, green revolution of agriculture began in 1943 in the crop land of Mexico to aid in the nationals’ industrial development and economic growth. In 1984 agriculture green revolution have been advanced in African countries and the progress has been slow. Through the application of agriculture green revolution, in 2009, Rwanda, for the first time, saw the production of crops exceed the consumption needs. Although there is a high production of crops in Rwanda today, particu...
ABSTRACT In general, green revolution of agriculture began in 1943 in the crop land of Mexico to aid in the nationals’ industrial development and economic growth. In 1984 agriculture green revolution have been advanced in African countries and the progress has been slow. Through the application of agriculture green revolution, in 2009, Rwanda, for the first time, saw the production of crops exceed the consumption needs. Although there is a high production of crops in Rwanda today, particula...
ABSTRACT Human Immunodeficiency Virus (HIV) and Acquired Immuno-Deficiency Syndrome (AIDS) is not only a major public health challenge, but also a huge threat to global security, stability, and economic growth. One in five organizations currently engaged in HIV and AIDS programming is faith-based. Faith-Based Organizations (FBOs) have a wide reach and capacity to mobilize communities to respond to the HIV and AIDS crisis. The current study sought to establish the barriers which directly affec...