ABSTRACT Considering the level of inequality (GINI) and its importance in economic performance and the attainments of human development (HD), this paper examines the role of inequality in the translation of economic growth (GDPG) to HD. The study was conducted using 39 African countries from the period of 1980 to 2015. A change in non-income HD measure (△HD) comprising life expectancy at birth and education with a five-year difference was computed. An average for every five-year period cor...
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 Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be reg...
ABSTRACT The study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2012. Time series data on external debt stock and external debt service was used to capture external debt burden. The study set out to test for both a long run and causal relationship between external debt and economic growth in Nigeria. An empirical investigation was conducted using time series data on Real Gross Domestic Product, External Debt Stock, External Debt Payments and Exch...
ABSTRACT Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be reg...
ABSTRACT This study empirically examines the role of health on economic growth in Sub-Saharan Africa using a panel data from 1990 to 2011. The study employed a panel data analysis in which the random effects model was used to examine the relationships among variables. Each of the explanatory variables were tested for multicollinearity using the Variance Inflation Factor (VIF) which was not found among variables, and other tests such as the Hausman test which showed that the random effe...
ABSTRACT Remittance flows to Sub-Saharan African (SSA) region has steadily been on the increase in recent history. Unlike capital inflows which generally create obligations for future outflows either in the form of debt servicing or investment income and other payments, remittance inflows do not as they are generally unilateral and unrequited. This thesis investigates the economic growth and developmental role of workers’ remittances in selected Sub-Saharan African (SSA) countries. Specific...
ABSTRACT The research aims to find the relationship between income inequality and economic growth in the Brazilian economy. Economic growth and income inequality are defined in the light of academic literature and their varied effect on wellbeing are explored. The research methodology selected is deductive. The data have been collected through secondary sources and a multiple regression model is used to study the relationship between the economic performance and income inequality in Brazil. ...
ABSTRACT Remittance flows in Sub-Saharan Africa have increased for the past two decades. However; empirical literature fails to reach a consensus on the impact of remittances on economic growth, with many studies using aggregate data that suffers from aggregation bias. Given that there are different categories of remittances resulting from varying patterns of remitting, there was a need to specifically the effect of each component of remittances on economic growth. This will help in optimal ...
ABSTRACT The modern devolution development across the globe has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved expenditure. There is however, little empirical evidence to validate these assertions in Kenya. Most empirical studies across different countries have used different methods of analysis, different time periods and diverse techniques of measuring variable which have generated mixed conclusions and others are inconclusive. More so, in ...
ABSTRACT More than 80 percent of the population in Ethiopia lives in rural areas and their main source of income is agriculture. Agriculture accounts for 45 percent of the Gross Domestic Product (GDP) and employs 85 percent of the labour force.Export of agricultural products constitutes 86 percent of the total foreign exchange earnings. The country has taken different measures to diversify and increase the contribution of the export sector to economic growth such as; export trade duty incent...
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: ...
ABSTRACT This study investigated the causal relationship between the performance of the Malawi Stock Exchange (MSE) and economic growth in Malawi using quarterly data for the period 2003 to 2017. Stock market performance was measured using four indicators: the all share price index, total stock market capitalisation, stock market liquidity, and the number of shares traded. Economic growth was measured by real Gross Domestic Product (GDP). The Autoregressive Distributed Lag (ARDL) model was u...
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...
Globalised Financial Flows, Capital Market Deepening, and Economic Growth: the Nigerian Experience