Abstract Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have...
Abstract Low output growth in Nigeria have been attributed to a number of factors such as poor technology, demographic factors, social conditions, poor macroeconomic policies, insufftcient infiastructural facilities and high dependence on primary products. What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output growth is low but it fluctuates beyond the expectations of different macroeconomic analysts. There ha...
ABSTRACT In this paper, an empirical analysis is used to compare the effects of oil price shock and exchange rate volatility on the economic growth of Nigeria and Kenya. Firstly, a LA-VAR model is applied to investigate whether the oil price shock and exchange rate volatility have the Granger Causality to economic growth of both Nigeria and Kenya. Secondly, we apply a VAR model with co-integration technique to examine how GDP Growth of Nigeria and Kenya are affected by changes in oil prices...
ABSTRACT This research was conducted to assess the relationship that exist between democracy and economic growth, examining whether the two have an effect on each other, that is, does democracy foster or it actually hinders economic growth and also if economic growth influence a nation to be a democratic or to a be a non-democratic one. Thus the essence of the study is to investigate the robustness of the relationship. Zimbabwe was used as the case study to help out in the conduction of this ...
Abstract The research explores the effects of the Look East policy to improving Zimbabwe’s ailing economy. The Look East Foreign Policy was mainly adopted as an economic experimental attempt by the government to improve the dead-locked economy that Zimbabwe assumed after it had been economically sanctioned by its Western foreign engagements, namely Britain, USA, Canada, and Australia, UN, EU and other allies of the Western bloc. The research was inspired by the current topical economic enga...
ABSTRACT The purpose of this study was to investigate factors that influence economic growth in Kenya. This study was guided by such objectives as to determine how inflation, unemployment and population growth influence growth of the economy of Kenya. The study adopted both quantitative and qualitative research approaches to explain the interplay of both endogenous and exogenous variables to bring about an effect on the economic growth of Kenya. The area of study is the whole of Kenya, a coun...
ABSTRACT The purpose of this study was to investigate factors that influence economic growth in Kenya. This study was guided by such objectives as to determine how inflation, unemployment and population growth influence growth of the economy of Kenya. The study adopted both quantitative and qualitative research approaches to explain the interplay of both endogenous and exogenous variables to bring about an effect on the economic growth of Kenya. The area of study is the whole of Kenya, a coun...
This study examines the interactive effects among road transport infrastructure development, economic growth and poverty level in Nigeria. This was with the view to providing empirical evidence on the linkages among road transport infrastructure, economic growth and poverty level. The study used secondary data. Annual time series data from 1980 to 2013 on road network, Real Gross Domestic Product (RGDP) and Real Consumption Expenditure per Capita were collected from Central Bank of Nigeria (C...
ABSTRACT As a result of the insignificant number of employment the EPZs have so far been able to register on the ground, contrary to what was estimated by the government during its establishment on the one hand, and also contrary to the successful stories of such programme on the same elsewhere; this study was specifically set-out to inquire on the failure of EPZs in Tanzania in generating the same using three firms registered under EPZ programme. In its inquiry, the study used three import...
ABSTRACT This study examines the determinants of capital flight in Nigeria and their effects on economic growth between 1970 and 2011. In analyzing the determinants of capital flight, eight (8) variables classified as political, economic and institutional were employed. These include: Degree of Openness, Inflation rate, Gross capital formation, Change in External debt, Deposit rate, Credit to Private sector, Interest rate differentials and Government consumption expenditure (GOCE). Six model...
ABSTRACT Despite other contributions made to economic growth by other variables such as real growth in services and population growth, there has been an unending debate between exports’ contribution to economic growth in the Southern African Development Community (SADC). The purpose of this study was to examine the contribution of exports to economic growth in Southern African Countries for the period 2005 to 2016. A Random Effects Panel Data Model (REM) was used as the estimation techniqu...
ABSTRACT This study empirically examined the impact of foreign direct investment and financial sector development on economic growth of Nigeria. The study modified the standard endogenous growth model to incorporate the interactions of foreign direct investment and financial sector development as having complementary impact on growth. Using time series analysis from 1970-2011, the study tested for the time series property of the variables used and adopted Ordinary Least Squares (OLS), Co-int...
ABSTRACT This research investigated the relationship between the mining export and economic growth in Zimbabwe using time series data for the period 1985 to 2016 as well as employing the Ordinary Least Squares (OLS) approach. The study was aiming at examining the impact of mineral export on economic growth in Zimbabwe. The results obtained showed that mineral export, real growth in agriculture, population growth and tax revenue significantly affect economic growth. Moreso the results also s...
ABSTRACT This research was mainly aimed at investigating the environmental impact of economic growth in Zimbabwe for the period 1985-2015. Various authors have expressed their views with regards to the determinants of environmental degradation with economic growth as the major player. CO2 was used as a proxy for environmental quality. Using the Ordinary Least Squares model, the researcher obtained that in the early stages of development, growth accelerates the rate of environmental quality lo...
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade openness. This shows that monetary policy is effective in maintaining economic growth on the...