This study examines the causal relationship between stock market performance and economic growth in Nigeria for the period 1987 -2014, using annual secondary data. Economic growth is proxied by gross domestic product (GDP) while capital market performance is measured by market capitalization, total new issues, volume of transaction and listed equities. The objective is to empirically analyze, using link between capital market performance and economic growth (i.e. whether stock market perfor...
ABSTRACT The main purpose of this study was to determine the effect of energy price liberalization on economic growth in Kenya. Energy sector is an important component of economy, and just like other goods and services, energy price affects its demand, supply and use. The use of energy is embedded in the production function that leads to economic growth. In Kenya, the energy sector contributes about 9.49 percent of GDP with the petroleum sector, electricity sector and fuel wood sector contrib...
Abstract: The Chinese model of “developmental state” has offered a substitute to the Western model of market democracy. China has also sponsored infrastructure and industrialization developments that the West has declined to fund since the days of colonization. It is to be anticipated that these developments will at the end help Africa revolutionize, a dream that appears possible for the first time since independence. With Chinese presence ever increasing, the United States must now deve...
ABSTRACT The current structure of the Nigerian economy is typical of an underdeveloped country. After independence around 1960, African countries started with high hopes for rapid growth and development. Whereas the initial performance was remarkable, economic development slowed in the 1970s and stagnated in the 1980s. In response, the states’ attempts to reinvigorate economic growth through state-led investments and import substitution industrialisation strategies were unsuccessful. The W...
Abstract: Foreign policy is a central to a state’s approach towards its dealings with other states and lately non-state actors within the international organization. In such set up, states behave in a manner that addresses their own national interests and overall common good as liberals would put it. The core aim of the post-cold war foreign policy of African states is to harmonize domestic interests with the external environment based on the available means and resources. Despite the limi...
ABSTRACT This work is one of the studies commissioned by the EC-FAO Partnership programme on sustainable forest management in African ACP countries to investigate the impacts of fiscal policies on sustainable forest management in Africa. Its main purpose is to evaluate in quantitative terms the forestry fiscal policies in Africa, by examining the factors that might explain the different levels of charge collection and expenditure on forestry in different countries in Africa. Seventeen countri...
CHAPTER ONEINTRODUCTIONThe impact of population growth on agriculture and natural resource management has been debated at least from the time of Reverend Thomas Malthus . Although the dismal predictions of Malthus regarding the inability of agricultural production to keep pace with population growth have not come to pass. The consequences of population growth on economic development nave attracted the attention of economists ever since Adam Smith wrote his Wealth of Nations. Adam Smith wrote,...
ABSTRACT There has been an increase in West Africa trade on the global value chain but not so on the intra-regional level. This study which is motivated, among others, by the debate on the role of Economic integration as a determinant of bilateral trade performance, provides an empirical investigation on the effects of trade cost, trade policy and infrastructure quality on bilateral trade flows in Economic Community of West African States (ECOWAS) for the period 2006 to 2015. The augmented gr...
Abstract The livelihoods of coastal populations of sub-Saharan Africa depend heavily on access to mangroves and wetland resources. However, with high populations, rapid urban growth and a high dependency, pressures on mangroves and other wetland resources have continued to soar. Thus, there is concern that the long-term values of intact and functioning mangrove ecosystems are not being recognized in current policy decisions, where short-term gains resulting in loss of the ecosystem are being...
China’s official relationship with Africa dates back to the 1950s when they first met at the Bandung Conference in Indonesia. The relationship has been strengthened through increased economic activities through trade, investment and aid which has been coupled with theestablishment of FOCAC in the 21st century to regularize the diplomatic and political relations and provide a common platform where all African countries can interact with their Chinese counterpart. The heightened relation...
This study investigated the effect of international tourism development on economic growth inZimbabwe, using time series data spanning over the period 1980 to 2017. The main aim of thestudy was to examine whether international tourism is a pathway to economic recovery inZimbabwe. The study adopted the tourism growth model proposed by Balaguer and Cantavella-Jorda [1] and applied the Autoregressive Distributed Lag (ARDL) bounds testing approach and itsassociated Error Correction Model (ECM). T...
INTRODUCTION Linden (2000) remarks that for decades ago, cities such as Lagos city and Cairo were relatively attractive places to live, with little traffic along their spacious cleaning swept boulevards. Mijah(2003) claimed Kaduna was a decade back, now Kaduna metropolitan have quadrupled and theirquality of life greatly degenerated. The implication include high rate of diseases due tounsanitary conditions, social problems ...
Abstract The migration of Africans within West Africa is far from being a recent phenomenon. People moved within and across the ethnic lines before the colonial era, but in recent times the number of African emigrants has risen significantly, especially in the 21st Century. African diasporas within the African continent, especially in the sub-region of West Africa are often overlooked actors in the area of development and integration. Therefore, this study examined the roles of diasporas in G...
ABSTRACT The East African Community member states face challenges in mobilizing tax revenues to the required level which is suitable for economic growth enhancement and attaining fiscal sustainability. Tax reforms have been implemented in the region with the main objective of mobilizing more tax revenues. However, the tax revenue collections have been inadequate leading to persistent budget deficits which shows the inability of the tax system to generate sufficient revenues to finance public...
ABSTRACT This study investigates the problem of race relations between Asians and African communities in Kenya‟s Nyanza region. It examines the roots of Asian presence in the Nyanza region and explores the various levels of interactions between the Asian ethnicities and the Africans. Although the literature review demonstrates that some research on the Asian Question in East Africa has been undertaken by a number of scholars, there is little evidence to show Afro - Asian relations in Nyanz...