ABSTRACT The study investigates public debt, unemployment and economic growth in Nigeria The study however investigates the level of real Gross Domestic Product vis-à-vis external debt, internal debt, unemployment and fiscal deficit. Ordinary Least Square (OLS) is used to estimate four major macroeconomic variables in order to justify their effects on economic growth. The results of the findings further suggest that external debt has a significant impact on the level of economic growth in...
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...
BACKGROUND OF THE STUDY In any modern economy, the efficient production and exchange of goods and services requires money and bank is the instrument for affecting it. The last few years have been both traumatic and revolutionary for the banking industry. The industry produced the largest number of technically insolvent and under capitalized banks. The magnitude of distress in the nation’s banking industry reached on unprecedented level making it an issue of concern to the government, the r...
ABSTRACT No doubt, no matter the development and height any person can scale, food will always remain relevant. The last thing that will get off anybody’s budget is food. It is a life-long essential and it will remain relevant as long as life remains. The paper exposes how important food security is and how food security can bring about sustainable economy growth. The paper recommends that public policy makers must as a matter of urgency see food security as a vital means to sustainable ec...
ABSTRACT This study takes the finance-growth nexus further by looking at the direct and indirect impact of foreign banks on economic growth in Ghana. Using annual time series data from 1960 to 2013, the study examined the relationship between the share of foreign banks, bank competition and economic growth. The relationship between the share of foreign banks, bank competition and economic growth was established through the framework of endogenous growth model. In addition, the study employed...
Abstract This work is an attempt to critically evaluate the concept of Reincarnation in African thought system. It does so, largely focusing on the cultural perspective of the Akan and Yoruba tradition respectively. Reincarnation is conventionally defined as the belief that a person who is physically dead can again be born to live here on earth. In this work, an attempt has been made to show reincarnation was understood in the religious philosophies of ancient Egyptians, Greeks and Indians....
ABSTRACT Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be reg...
ABSTRACT Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be reg...
Abstract: The water hyacinth, an exotic plant of Africa was first introduced about 120 years ago by explorers and naturalists. It is believed to have been imported from South America where it is an indigenous plant. It was first seen in Kenya in the early 1980's and in Lake Victoria in the early 1990's. Its proliferation left unchecked has caused a myriad of problems to the regular lake users, the fishermen, fish traders and the fish processor not to mention the interference with domestic an...
Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long-run and error co...
ABSTRACT This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and the resu...
BACKGROUND OF STUDY Commercial banks are in the services industry, in safe keeping of money and valuables, remitting foreign and domestic exchanges, collecting cheques, draft, notes and other obligations and behalf of other customer. According to Christian Ammer, Deans Ammer in their books dictionary of business and economics, defined commercial bank as “bank whose principal functions are to accept demand deposit and to make short medium and long term loans chiefly to business firms. Befo...
CHAPTER ONE INTRODUCTION 1.1 Background of the study According to World Vision Uganda Strategy (2016-2020), World Vision is a Christian, relief, development and advocacy organization dedicated to working with children, families, and their communities to reach their full potential by tackling the causes of poverty and injustice. It is committed to working with girls and boys, families, and their communities worldwide to overcome poverty and injustice (World Vision Uganda Strategy, 20 16-2020...
ABSTRACT The study is focused on Foreign Direct Investment and economic growth (measured by GDP) in Uganda (2002-2011), the study employed time series survey data since it examined data for a short time Its objectives were; to establish the trend of Foreign Direct Investment in Uganda (2002-2011, to establish the trend of Economic growth of Uganda ((2002-2011), and to investigate the relationship between Foreign Direct Investment and Economic growth in Uganda (2002-2011). The hypothesis of th...
ABSTRACT The study is focused on Foreign Direct Investment and economic growth (measured by GDP) in Uganda (2002-2011), the study employed time series survey data since it examined data for a short time Its objectives were; to establish the trend of Foreign Direct Investment in Uganda (2002-2011, to establish the trend of Economic growth of Uganda ((2002-2011), and to investigate the relationship between Foreign Direct Investment and Economic growth in Uganda (2002-2011). The hypothesis of th...