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...
ABSTRACT The research is all about the role of M.F.I. s in promoting economic growth among entrepreneurs in Vihiga district (Kenya) the introductory chapter introduces the role of M.F.I.s in influencing borrowing, shaping the attitude of entrepreneurs and the M.F.I. intervention activities. The second chapter deals with the review of literature on borrowing from M.F.I.s, the attitude shapers towards M.F.I and the literature on M.F.I intervention. The researcher used published books, journal...
The study examined the impact of the impact of government health and education expenditure on economic growth in Nigeria. The specific objectives were to: (i) determine the impact of government health expenditure on economic growth in Nigeria; (ii) ascertain the impact of government education expenditure on economic growth in Nigeria and (iii) evaluate the impact of Primary school enrolment rate on economic growth in Nigeria. This study made use of ex post-facto research design. The data anal...
This study examined the impact of non-oil tax revenue on economic growth in West African Countries. Specifically, the study sought to: investigate the impact of value added tax on economic growth in West Africa; examine the impact of company tax revenue on economic growth in West Africa; determine the impact of personal tax revenue on economic growth in West Africa. The variables used in the study were value added tax (VAT), company tax revenue (CIT), personal tax revenue (PIT) and real GDP g...
TABLE OF CONTENTS Title page……………………………………………………………………………… i Approval page………………………………………………………….......................... ii Certification…………………………………………………………………………… iii Dedication…………………………………………………………................................ iv Acknowledgement……………………………�...
ABSTRACT Every time the economy recesses the role of government intervention as proposed by Keynes again reiterates. However the nature and magnitude of these policies are important to note. It is on this premise that this study examines the impact of oil revenue fluctuations and fiscal policy response on economic growth in Nigeria. The study used data from the Central Bank of Nigeria (CBN) Annual Reports and Statistical Bulletin, the World Bank Indicators and National Bureau of Statistics. T...
ABSTRACT This study analyzes the interactions between remittance inflows and human capital development: implication for economic growth in Nigeria. Using Nigeria most recent data set on remittances inflows, human capital development and economic growth this study investigated how remittances inflow influences education and health spending in Nigeria. To unravel this, we adopted an Autoregressive Distributed Lag (ARDL) model. We estimated an error correction equation due to the long-run nature...
ABSTRACT Most developing nations have embarked on various reforms that foster the use of telecommunications in their economies. The reforms tend to yield little or minimal benefits to economic growth and development, especially when compared with developed countries of the world. Technological advancement is known for its fast rate of economic development. In Nigeria, policy on the adoption of information and communication technologies was initiated in 1999, when the civilian regime came into...
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...
ABSTRACT Foreign direct investment (FDI) is often seen as an important catalyst for economic growth in the developing countries. It affects the economic growth by stimulating domestic investment, increasing human capital formation and by facilitating the technology transfer in the host countries. The main purpose of the study is to investigate the impact of FDI on economic growth in Pakistan, for the period 1990- 2006. The relationship between FDI and economic growth will be analyzed by using...
ABSTRACT The existence and nature of a link between inflation and Economic growth has been the subject of considerable interest and debate. High and sustainable Economic growth and low inflation are two of the main objectives of macroeconomic policy. Hence, if high inflation is harmful for an economy and low inflation is beneficial, then it is reasonable to ask, what is the optimal level of inflation for an economy? In general, is there any link between inflation and Economic growth? In this ...
ABSTRACT The study aimed at investigating the impact of public sector investment on economic growth of Uganda from 1985 to 2016. The specific objectives were to examine the effect of investment education in health investment and transport investment on economic growth the study was carried out using secondary data collected from 1985 to 2016. And was conducted based on expost facto research design focusing on time series data. Augmented Dickey- Fuller (ADF), tests result indicate that all the...
ABSTRACT The study aimed at investigating the relationship between the external debt stock and economic growth in Somalia (1991 to 2016). For the fact Somalia has an estimated 5.5 billion dollars outstanding, due to many reasons, but the socio-economic indicators of the country show that it has contributed a little or almost nothing to the overall GDP, and continues to dwindle. This report was guided by two major specific objectives and they were; to find out the long run relationship between...
ABSTRACT Study used multivariate vector autoregressive model (VAR) to investigate the impact of foreign direct investment (FDI) on economic growth, and assess the determinants of FDI inflows in Uganda for the periods between 1986 and 2016. Interpretations of results are based on GrangerCausality and innovation accounting (variance decomposition and impulse response functions). The study finds that international capital flows are of great importance in stimulating economic growth in Uganda. Re...
Abstract This study examines the impact of money supply on Economic Growth in Nigeria using time series data spanning 1980-2019. Data on currency in circulation (CIC), narrow money supply (M1), broad money supply (M2) and real gross domestic product (RGDP) were collected from the online database of the Central Bank of Nigeria (CBN) and were analyzed using the unrestricted Vector Autoregressive (VAR) model. Impulse response function (IRF) and Cholesky variance decomposition (VDC) were also obt...