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 Financing fiscal deficit in any country is undertaken with the sole purpose of promoting economic growth and development. However, fiscal deficit financing can be a major source of macroeconomic instability, especially inflation, depending on how it is achieved. Inflation in sub-Saharan Africa has persistently been high, almost double-digit, and volatile compared to other areas with developing countries such as Asia and Latin America. Thus, this study aimed at analyzing the relation...
Abstract This paper employ various econometric techniques to analyze the determinants of inflation in Namibia, focusing particularly on the relationships that exist between the Namibian price, as the dependant variable, and the real Gross Domestics Product, Broad money supply, interest rate, and South African Price index as well as the United States price index, being the explanatory variables and probable determinants of inflation rate in Namibia.. Inflation equations that were estimated use...
ABSTRACT The study seeks to investigate the causal linkage between financial development and economic growth of 14 Southern African countries over the period 2006-2015. The study utilises static and dynamic panel regression models with private sector credit ratio and broad money ratio as financial development indicators. Mixed findings are found in this study depending on the method used. There is, however, convincing evidence of causality running from financial development to economic growth...
As is traditional with programmes of this nature, statements articulating aims and objectives, both long-term and short are always in abundant supply. Whether these aims and objectives are later realized however depends on availability of resources and the kind of determination of the promoters of such programmes. The aims and objectives drawn up by African leaders who are the main promoters of the programmes are all embracing, covering almost all areas of problems, needs and general aspirati...
Abstract: Emerging economies are still faced with need to improve economic growth. One of the main drivers of growth in literature has been found to be electricity consumption. However literature fails to explain the relationship between economic growth and electricity consumption. It is against this background that the study examines the presence of the long run relationship between economic growth and electricity consumption in Botswana. The study use annual time series data for the period...
ABSTRACT This study examines how the BBC and Al Jazeera Online newspapers framed the xenophobic attacks in South Africa. The study is underpinned by the Framing Theory. Data were gathered from 32 news and feature articles by the BBC and 63 by Al Jazeera Online newspapers. These were thematically analyzed. The findings reveal that the attribution of Responsibility frame is the most dominant. This was followed by the frames of Human Interest, Economic Consequence, Conflict, and Morality in the...
This paper on “Globalization and Transnational Organized Crime in Africa ” aimed at analyzing the negative impacts of globalization on African continent. The paper made use of secondary sources (books, journal articles, internet materials,monographs etc) of data collection and relied on theory of classical economic liberalism as its framework of analysis. Again, findings revealed that inspite of the benefits of globalization, especially in the area of tourism, communication and technologi...
INTRODUCTION Nigeria is a West African economy with a long coastline along the Atlantic Ocean. The country shares international borders with Benin, Chad, Cameroon and Niger. Nigeria ranks 32 in the world in terms of total area. The terrain of the country consists of southern lowlands and plateaus in the central region. The south east region has a mountainous surface, while the north consists of plains. According to the 2009 estimates, the country has a total population in excess of 154 mi...
Population growth and its interaction with food security and economic growth is the crux of the matter in this study. It has been documented that Nigeria is experiencing very high population growth rate due to aggravating high birth rate and plummeting death rate. The extent to which population growths affect food security and economic growth was therefore examined. Using time series data pooled from 1981 to 2016, tested for stationarity, co-integrated and corrected for error, the study obser...
The 21st century will be Africa’s century of economic development. Incomes will be rising rapidly and Africa will become one of the main engines of economic progress in the world. For this to happen, markets must be liberalized and barriers to trade eliminated. Without hindrance, businesses should be able to source anywhere, manufacture anywhere, and sell anywhere. Free trade and free competition are essential if standards of living are to rise. Countries should realize that what is good fo...
ABSTRACTOne of the major challenges in many African countries is low investment ininfrastructure. The countries have poor road networks and transport systems,inadequate port infrastructure, and underdeveloped telecommunications and ancillaryservices (insurance, banking and finance). D.eficient trade-related infrastructure raisesthe cost of production and distribution. With progressive Tariff liberalization indeveloped countries, high transaction costs in Africa have become a more bindingconst...
Abstract: The concept of terrorism has been a political phenomenon since 1795 when terror was used as an instrument of furthering political ends. This research explores the African Union counter-terrorism mechanisms that emerged after the disastrous September 11, 2001 terrorist attacks on America. Analysis bas been made of the historical development of counter-terrorism in Africa since the legacy of the Organization of African Unity. Being an Organization whose agenda was to rid Africa of co...
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 With the advent of globalization and regional economic integration across the globe, monetary and financial integration has become imperative in West Africa and this has led to the creation of a West African Monetary Zone (WAMZ). A major challenge for the introduction of a single currency within WAMZ countries has been the persistence instability in the balance of payments. The objective of the study is to analyse the monetary approach to the balance of payments (MABP) in the West Af...