ABSTRACT This study empirically examined the effect of research and development on agricultural sector growth in East African Community from the year 2000-2014. According to the endogenous growth theory, research and development leads to increase in the stock of knowledge which in turn has got spill over effects hence leads to economic growth. However, information on the effect of R&D on the agricultural sector in the EAC was lacking hence the study sought to bridge this knowledge gap. The ob...
This study investigates the relationship between mandatory contractual savings and stock market development in Sub-Saharan African (SSA). It also investigates the compatibility of the policies and regulations adopted in SSA countries, with the relationship between mandatory contractual savings and stock market development. Before the exploration of the relationship, an analysis of the characteristics of both mandatory contractual savings and stock markets was done. The rationale of the stu...
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...
Abstract This is a new development from the old economic models, which emphasized on economic growth. For instance (Keyness 1936) emphasized savings and investment as a major component of economic growth. The African states deprived of economic resources have been at the forefront at encouraging micro finance institutions to pump their funds into micro and small medium enterprises to quicken economic growth. Ditcher-1986 and Little-1987, pointed out in their respective reports that small ente...
Faced with the financial crisis and global economic recessions, Africa governments have rediscovered the importance of economic policy instruments. They use it to rescue the bankrupt banks, and to make more economic activity to carry back recession. But now there's a backlash demanding that the deficits used to create the stimulus must be reduced by cutting public consumption spending on a grand scale. Hence the target of this study is to explore the role of public consumption expenditure on ...
ABSTRACT This study examines the effect of interest rate macrostructure and corporate bond market development on industrial output growth in some selected African economies from 1995-2014, namely Botswana, Cameroon, Cote d’ Ivoire, Egypt, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, South Africa, Tanzania, and Tunisia. In the World industrial output statistics, African economies have consistently ranked least and its pace of industrial output growth has been the least. The lapse i...
BACK GROUND TO THE STUDY Bank was first introduced by early goldsmith in the olden days, the goldsmith kept the valuable asset of people. They has fortified places where they kept valuable items received from people. Those who deposited their valuable properties with the goldsmith were made to pay some amount to the goldsmith before they could claim their valuable properties. �...
Background of the Study In the recent year the relationship between money supply and economic growth has been receiving increasing attention than any subject matter in the field of monetary economics. Economists differ on the impact of money supply on economic growth, while some agreed that variations in the quantity of money is the most important determinant of economic growth and that countries that devote more time to studying the behavior of aggregate money supply experiences much variati...
Background to the Study Business firms, as well as individual units, often need to raise capital. On the other hand, some individuals and firms, even governments have incomes that are greater than their current expenditure, so they have funds available to invest. But only a few individuals and institutions are in the position to provide all forms of finances needed to fund big businesses. The financial system is a framework within which capital formation takes place. In other words, it is the...
Abstract The study will look at how Donald Trump is presented in Zimbabwe‘s public media which is The Herald newspaper. The Herald is well known to be an ideological state apparatus for the ruling government. This is so because President Mugabe‘s government created the state-controlled Zimbabwe Mass Media Trust (ZMMT), a watchdog that eventually took overall ownership of The Herald and its sister papers (Nyahunzvi 2001). In Zimbabwe the media is much more polarized on political lines. Whe...
Abstract/Overview Insect meals have been proposed as a potential alternative protein source for replacing fishmeal (FM), the key ingredient in aquaculture diets, yet is the most scarce and expensive. However, not much work has been done on the effects of replacing FM with black soldier fly (Hermetia illucens ) larvae meal (BSFLM) on the growth and economic performance of African catfish (Clarias gariepinus) fingerlings. This study investigated the effect of replacing FM with BSFLM on the ...
ABSTRACT Investment financing is very important for good performance of Islamic commercial banks. Unlike conventional banks which depend heavily on the crutches of collateral and of non-participation in risk, Islamic commercial banks would have to rely heavily on project evaluation, especially for equity-oriented financing. Islamic commercial banks have continued to record decline in performance. For example performance of Gulf African banking reduced by 12 % in the year 2016 from the previou...
ABSTRACT Nigeria’s fiscal deficits have persistently exceeded the conventional benchmark of 5.0% as a proportion of Gross Domestic Product (GDP) when it averaged 9.8% per annum between 1970 and 2008. Over the same period, the mean annual growth rates of real GDP, investment and money growth stood at 2.3%, 1.8% and 2.6%, respectively. While, there is a growing body of empirical literature on the effect of fiscal deficit on the current account balance, there is very little attempt by research...
ABSTRACT The study examined the transformation of white settler agriculture in the Molo area during the colonial period. Settler farming was an important aspect of the colonial economy in Kenya. Settler farming in Molo area was introduced due to a combination of economic and geographical factors. The study first discussed the origin of European settlement in Molo in the early colonial period up to 1918. The study further examined agricultural changes in the inter-war period (1919-1938) in Mol...
ABSTRACT Tanzania is one of sub-Saharan Africa’s most popular and rapidly growing tourism destinations. Despite high economic growth stirred by fast tourism development, the level of poverty and unemployment is still very high. The rapid growth in tourism which translates into economic growth does not appear to have considerably improved local people’s income and reduced poverty in the country. Involvement of local people in the ownership of tourism enterprises is viewed as an important t...