ABSTRACTThe term ‘unemployment’ can be defined as an economic condition marked by the fact that individuals actively seeking for job remain unemployed. Unemployment is very common in under-developed nations like Nigeria and it affects graduates of various institutions of learning. The study was designed to investigate the impact of unemployment on economic growth in Nigeria for the period of 29 years (1982 – 2010). The focus of the research was to determine the cause and impacts of unem...
ABSTRACT Public debt remains one of the most critical elements of economic development especially in developing countries. This study focuses on the public debt in Kenya and its effect on economic growth. Most developing countries will expect that public debt will affect the economic growth positively. Thus the resources from public debt should be used to finance government expenditures which will spur economic growth of the country. There is a considerable increase in domestic debt as compa...
ABSTRACT Motivated by the need to analyse the factors behind portfolio inflows of developing countries, this study aims to investigate the determinants of portfolio inflows (PI) of Sub-Saharan Africa (SSA). The study uses a panel data on 17 SSA countries over the period, 2005-2013. Net portfolio equity inflows as a percentage of Gross Domestic Product (GDP) is the dependant variable. The study employed a panel regression with domestic factors like market size, level of financial development,...
ABSTRACT International reserves of West African countries rose sharply by 84.3% between 1991 and 2001 and 287.1% between 2001 and 2011. However, due to high macroeconomic instability in the form of persistent asymmetric shocks, output variability and fiscal policy distortions, the reserves were inadequate and the countries in the sub-region are continually faced with the problem of balancing the costs and benefits from reserves holdings. Previous studies have paid little attention to the fac...
ABSTRACT This study evaluated the impact of the implementation of the African Growth and Opportunity Act (AGOA) on the development of Nigeria’s textile industry, particularly the export of Nigerian textiles and apparels to United States of America. It adopted the qualitative descriptive research methodology for its data generation and analysis. It anchored analysis on the framework of complex interdependence which refers to the various, complex transnational connections and inter-dependenc...
ABSTRACT This study evaluated the impact of the implementation of the African Growth and Opportunity Act (AGOA) on the development of Nigeria’s textile industry, particularly the export of Nigerian textiles and apparels to United States of America. It adopted the qualitative descriptive research methodology for its data generation and analysis. It anchored analysis on the framework of complex interdependence which refers to the various, complex transnational connections and inter-dependenc...
ABSTRACT The study was necessitated by the fact that insurance has been recognized by many researchers as having effect on economic growth but little has been done in that regard in Ghana. The main objective of the study is to examine the effect of insurance on economic growth in Ghana using quarterly data from the first quarter of 2006 to the second quarter of 2018. The study employed Johansen and Juselius cointegration approach and Vector Error Correction Model (VECM). Findings revealed ...
From the legacy of a stable democracy since her independence in December 9, 1961, which is a unique phenomenon in Africa, the United Republic of Tanzania has always lived up to the expectation of playing leading role in democratic governance in Africa. The recent convocation of an African dialogue to mark her 60th independence diamond jubilee anniversary, is a clear mark in this direction. Bordered by Lake Victoria in the North, Lake Tanganyika in the West, Lake Nyasa in the South and Indian ...
ABSTRACT This study investigated the relationship between population dynamics and economic growth in Nigeria. In addition, the study tried to identify the determinants of population growth as well as testing for causality between population and economic growth in Nigeria. Using annual time series data spanning from 1970 to 2013, the researcher employed a multiple regression model for the first and second objective of the study while the granger causality test was used to capture the third o...
ABSTRACT Prunus africana (Hook.f.) is an evergreen tree that grows in African mountains. The species’ bark and bark extracts are used for the treatment of benign prostate hyperplasia. The pharmacological efficacy of the extracts is said to be due to synergistic effect of several compounds such as phytosterols, pentacyclic triterpenoids and ferulic acid esters. High demand for the bark and bark extracts has led to over-exploitation of natural population of the species. As a result, P. africa...
ABSTRACT Deficit Financing is a government policy of financing large public expenditure by borrowing money rather than by raising taxes. This started way back in 1961; it is used to stimulate the economy. Deficit financing has not accelerated the growth of the economy, but has created more economic crises. Government finds ways of financing the deficit through borrowing from domestic sources such as the issuing of treasury bills, FGN bonds, treasury certificates, treasury...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Many developing countries are currently undergoing substantial macroeconomic adjustment. It is not clear how such programmes are affecting government expenditures and hence longer-term economic growth and poverty reduction. Thus, it is important to monitor trends in the levels and composition of government expenditures, and to assess the causes of change over time. It is even more important to analyze the relative contribution of various ex...
THE EFFECT OF INDUSTRALISATION AND MODERNISATION IN AFRICAN CULTURE AND THE USE OF GENERAL STUDIES FOR NATIONAL DEVELOPMENT. Table of content 1.0 Introduction……………………………………………………………………………………………….2 1.1 The changing African culture…………………………………………………………………3 1.2 Effect of industralisation and modernization………………………………………..3 1.2.1 Positive effect...
Abstract: Regional integration is a renowned global phenomenon through which states and countries come together in cooperation with the aim of actualizing specified goals and objectives. Integration in Africa and East Africa is inseparable from the colonial history. In East Africa it dates back to the colonial times as the European colonialists sought to bring together Kenya Uganda and Tanzania in socio-economic and political cooperation. The process has undergone different phases to its pre...
This study empirically explored the effect of East African Community (EAC) integration on intra-EAC trade, as reflected by the level of exports, of the East African Community member states over the period 1980- 2012. This time period captured the pre and post EAC eras. Most empirical studies on Regional Integration investigate whether the Gravity Model hold for trading partners. Others investigate the effect of tariffs and other trade barriers on trade but this study considered the influence ...