INTRODUCTION The fact remains clear that small-scale business has been and will continue to be the foundation or root of any big business today. It could be understand as economic history that many advanced countries of the world which have attained the height of industrialization, started as more small scale firm, which later metamorphosed into gigantic corporations. Nigerians desire to concentrate on developing the infant indigenous firm has always been buttressed by and reflected in a w...
INTRODUCTION 1.0GENERAL BACKGROUND OF THE SUBJECT MATTER The fact remains clear that small-scale business has been and will continue to be the foundation or root of any big business today. It could be understand as economic history that many advanced countries of the world which have attained the height of industrialization, started as more small scale firm, which later metamorphosed into gigantic corporations. Nigerians desire to concentrate on developing the infant indigenous firm has alw...
TABLE OF CONTENTS Title page Dedication Acknowledgement Preface Contents CHAPTER ONE INTRODUCTION 1.1 General background of the subject matter 1.2 Problems associated with the problem 1.3 Problems that the study will be concerned with 1.4 The importance of the study. 1.5 Definition of important or key terms. 1.6 References CHAPTER TWO 2.0 Literature review 2.1 The origin of the subject area 2.2 School of thought within the subject area 2.3 School of thought relevant to ...
Abstract: Is Africa capable of feeding itself given the alarming performance and projections shared by international organizations on poverty and food insecurity prevalence in the continent? What seems to be holding back agricultural production in most African countries? This research has sought to answer these questions and has identified that the Agriculture sector will spearhead this transformation since the economic development of most African states is driven by the growth of the sector...
his study empirically examined the effect of research and development on agricultural sector growthin 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 overeffects hence leads to economic growth. However, little is known on the effect of R&D on theagricultural sector in the EAC hence the study sought to bridge this knowledge gap. The objective ofthis study w...
The paper investigated the interactive effect of agricultural capital and labour input and research and development on agricultural sector expansion in East African Community between the period 2000 and 2014. According to the endogenous growth theory, research and development leads to increase in the stock of knowledge which in turn has got spillover effects hence leads to economic growth. However, empirical studies on the interactive effect on the agricultural sector are minimal in the EAC h...
ABSTRACT This paper examines the climate change effect on inclusive growth and the possible moderating role of adaptive capacity in climate change/inclusive growth in the long and short-run. The study employs temperature change anomalies (with 1951-1980 as the baseline climatological year) and CO2 emissions (metric ton per capita) as variables for climate change and a set of variables as indicators to measure inclusive growth. These set of indicators are adopted from the Asian Development Ban...
ABSTRACT This paper examines the climate change effect on inclusive growth and the possible moderating role of adaptive capacity in climate change/inclusive growth in the long and short-run. The study employs temperature change anomalies (with 1951-1980 as the baseline climatological year) and CO2 emissions (metric ton per capita) as variables for climate change and a set of variables as indicators to measure inclusive growth. These set of indicators are adopted from the Asian Development Ban...
Abstract: This paper explores the inter-connectedness of remittances and financial development and how their associated covariates such as savings, investment, money supply and economic growth are impacted by this relationship. The study employs a panel vector autoregression (P-VAR) estimation technique, and the generalized methods of moments (GMM) are applied after removing fixed effects and lagged regressors are used as instruments to have consistent estimators. The main findings of the st...
Abstract The rate of unemployment has always been calling for attention in most of the sub-Saharan Africa countries. The situation is also pertinent in Nigeria despite inflow of foreign direct investment (FDI) and rise in gross domestic product (GDP). The study investigates the impact of FDI and GDP on unemployment in Nigeria using time series data spanning 1981 to 2017; descriptive and inferential statistics of ordinary least square (OLS) method were used. Results of the analysis r...
Abstract The Nigerian economy over the past few years grew at one of the highest rates in Africa. Yet, this growth has not led to substantial reduction in inequality and poverty, particularly in the rural sector. This was partly attributed to redistributional problem of national wealth which has not been adequately investigated. Therefore, the study assessed the contribution of growth and wealth distribution to poverty reduction in rural Nigeria from 1996 to 2004. Data from the National Cons...
ABSTRACT The availability of reliable energy supply to meet the exigency of the growing population in West Africa is important in achieving sustainable development and reducing poverty in the continent. Diverse studies have sought to examine the link between energy consumption and growth. However, the consensus with reference to the causal link if any between energy consumption and growth is not explicit. Conflicting conclusions have been espoused on the energy-growth nexus and this has neces...
ABSTRACT Aquaculture in Kenya is diverse with uncharacterized fish strains under varying production and management systems. This study characterized the smallholder aquaculture systems and analyzed the growth and survival of the African catfish (Clariasgariepinus) fingerlingsin the former Eastern Province of Kenya. The study also mapped the smallholder aquaculture value chain and identified the main challenges therein. Information on the value chain, fish production and management was collat...
Abstract/Overview Globally, foreign aid forms one of the largest components of foreign capital flows to low-income countries. For the last four decades, countries of Sub-Saharan Africa including Kenya have relied on external aid to alleviate poverty and address underdevelopment. Up to 2015, global foreign aid stood at $152.5 Billion with $45.8 billion given to Sub Saharan African countries and $2.5 billion given to Kenya. However, current socio-economic indicators reveal that Kenya, just lik...
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...