Abstract West African countries are wealthy countries with abundance of both human and natural resources. Some of its member countries are leading member of the OPEC countries. Surprisingly poverty in West African countries is at an alarming rate. Most of its countries are categorized as underdeveloped countries with highest rate of corruption in the world. It is characterized by very weak economies and very low growth rates. There is prevalence of abject poverty as a result of poor economic...
Abstract The Nigerian economy is at crossroads manifested through rising unemployment rates and low GDP growth rates as well as low investment cum savings rates. Hence the study sought to determine the effects of some macroeconomic variables on domestic savings, private investment and the economic growth of Nigeria during the period of 1981-2015. To achieve the stated objectives of the study, domestic savings, private investment and economic growth models were formulated on the basis of funct...
The major objective of this study is scrutinizing the impact of government sectoral expenditure on economic growth in East African countries over the period from 1985 to 2015. It focuses on sectoral expenditures on health, education, defence and agriculture segments. The main contribution of this research is examining expenditure components in line with current government categorization to establish these sectoral budget allocations that have impact on economic growth in order to provide a gu...
ABSTRACT In theory, private capital flows (PCF) strengthen domestic investment for economic growth. In sub-Saharan African (SSA) economies, Foreign Direct Investment per Capita (FDIC), Portfolio Investment per Capita (PIC) and Bank Lending per Capita (BLC) components of PCF grew inversely to Gross Domestic Product per Capita (GDPC). While growth rates of FDIC, PIC and BLC respectively averaged 269.6%, 31.7% and 55.6% in 1981-1990; 42.9%, 36.6% and 28.6% in 1991-2000; 30.7%, - 174.7% and 24.2%...
ABSTRACT This study contributed to the debate on the relationship between military expenditure and economic growth in less-developed economies by investigating the trend; causal relationship and the effect of military expenditure on economic growth in five selected sub-Sahara African Countries namely:- Angola, Cameroon, Kenya, Nigeria and South-Africa; for the period 1986 to 2014. The study employed the Error Correction Mechanism (ECM) using time se...
ABSTRACT Remittance flows to Sub-Saharan African (SSA) region has steadily been on the increase in recent history. Unlike capital inflows which generally create obligations for future outflows either in the form of debt servicing or investment income and other payments, remittance inflows do not as they are generally unilateral and unrequited. This thesis investigates the economic growth and developmental role of workers’ remittances in selected Sub-Saharan African (SSA) countries. Specific...
ABSTRACT West African countries experience economic growth in terms of financial figures but the issue of non -inclusiveness of this growth in terms of human development is becoming worrisome. This study empirically examines the role of information and communication technology adoption on human development and the direction of causality between them using data for 15 West African countries (2004 – 2014) estimated with the system Generalised Method of Moments (GMM) and Granger causality tes...
ABSTRACT The study aimed at establishing the effects of regional financial integration on economic growth and intra-regional trade in East African Community (EAC) Countries. The motivation was based on the conflicting views on the effect of regional financial integration on economic growth and intraregional trade. In order to achieve the objectives of the study, both quantitative and qualitative data were used. Data for the period 2000 to 2009 for Kenya, Uganda, Tanzania and Rwanda were emplo...
ABSTRACT During the 1990' s the world experienced a new wave of regional integration agreements (RIAs) that reached unprecedented proportions. The increasing importance of regional integration agreements and in particular their extraordinary expansions during the 1990's are among the most salient developments of the international trading system and its believed to be a vehicle for the promotion of trade and economic growth. The main driver for increasing number of Regional Integrations Agree...
Abstract: In the wake of global developments towards the penultimate decade of the twentieth century, the post-colonial itch to be competitive became vital as engagement for African states at the international stage changed. The political economic models employed needed to be reviewed. Air transport, a key driver of many economies had to be realigned with the global changes. African states sought ways in which air transport could be modelled to increase intra-African connectivity through con...
Abstract: This research is considered timely because although the key donors have continued to advance foreign aid into to Kenya, there exists little economic development in the country. With three years to the deadline of achieving the Millennium Development Goals (MDGs), the country is less likely to achieve any of them. Evidently, Kenya is increasingly becoming a terrorist target especially after the Kenyan Defense Forces (KDF) ventured into Somalia to fight the Al Shabaab. Increased fore...
Abstract: For many years, America did not have any strong trade and development investment in Africa. This changed in the year 2000, with the enactment of Public Act 106-200 which introduced the African Growth Opportunity Act (AGOA) whose intention was and has been to benefit Sub-Saharan African States by removing the trade barriers, duties, levies and quotas that would promote trade between these states. Before the inception of AGOA Africa –US relations had for a long time been limited as...
The study investigates the relationship between foreign direct investment (FDI) and economic growth in Kenya through comprehensive regression analysis and causality tests. Theoretical literature argues that FDI inflow can transfer great advantages to the host country, however, empirical studies show that the benefits of FDI vary greatly across countries. Kenya has traditionally been one of the largest recipients of FDI in Africa, foreign investors provide intangible assets to support the oper...
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...
TABLE OF CONTENTSDECLARATIONAPPROVALDEDICATION iiiACKNOWLEDGEMENT ivABBREVIATIONS AND ACRONYMS ixABSTRACT xCHAPTER ONE 11.0 Introduction 11 .1 Background information 11 .1.1 Strategic issues ofthe scheme to Farmers Cane Growers AssociationsMlSSlON 2l.1.2TheSACCOS 41.2 Statement ofthe Problem 51 .3 Research Objectives 71.3.1 General research objective 71.3.2 Specific research objectives 71.4 Research Questions 71.5 Significance ofthe Study 81.6 Scope ofthe Study 81.7 Limitations ofthe Study 91...