ABSTRACT The purpose of this study was to investigate factors that influence economic growth in Kenya. This study was guided by such objectives as to determine how inflation, unemployment and population growth influence growth of the economy of Kenya. The study adopted both quantitative and qualitative research approaches to explain the interplay of both endogenous and exogenous variables to bring about an effect on the economic growth of Kenya. The area of study is the whole of Kenya, a coun...
ABSTRACT The purpose of this study was to investigate factors that influence economic growth in Kenya. This study was guided by such objectives as to determine how inflation, unemployment and population growth influence growth of the economy of Kenya. The study adopted both quantitative and qualitative research approaches to explain the interplay of both endogenous and exogenous variables to bring about an effect on the economic growth of Kenya. The area of study is the whole of Kenya, a coun...
ABSTRACT This thesis comprises of five chapters with three empirical papers on essays on foreign direct investment (FDI) in SSA. The first empirical paper investigates the geographical determinants of FDI, while controlling for resources, market, efficiency and institutional factors in Sub-Saharan African (SSA) from 2002 to 2016. To achieve this objective, a panel data consisting of a sample of 40 SSA countries was estimated using Hausman-Taylor estimation technique. To check for the robustn...
ABSTRACT The service sector is a crucial component of every country’s economy, and it has been identified as a sector with the capability to become a significant driver of sustained growth in Africa. This study examines the Impact of Service Sector on Economic Growth in Nigeria from the period 1981 to 2019 using annual time series data sourced from the CBN statistical bulletin. The econometric approach of the paper is based on ordinary least square (OLS), Augmented- Dickey Fuller test, Joha...
ABSTRACT Micro, small and medium size enterprises (MSMEs) have been identified as promoters of economic growth in the country. However, most managers of these MSMEs are unwilling to commit necessary resources towards market oriented activities because they have insufficient funds. Individual internet usage in Ghana has also increased from 5.44% in 2009 to 17.11% in 2012 and Facebook was the most visited website in Africa. The paper identifies the extent to which social media is a beneficial a...
The World Bank’s 2014 Nigeria Economic Report (NER) has it that the Nigerian economy recorded sustained growth between 2010 and 2014, with an annual growth rate of 8% and an increased gross national product (GNP) of US$ 509 billion recorded in 2013, the report has it that the Nigerian economy is the largest economy in Africa and 26th in the world. In Development Studies, scholars have debated that economic growth reduces poverty. In the face of this recorded economic growth by the World Ban...
Agricultural products were among the primary export commodities together with petroleum products during the pre-independence era which made the Nigerian economy fairly stable then, contributing about 95% of the total Gross Domestic Product (GDP). After independence, there has been a steady and consistent decline in the value of agricultural products such that as at year 2002, it was estimated to be 32% of the nation’s GDP (Gross Domestic Product) which shows that economic growth in Nigeria ...
The study assessed rural youth migration in Ovia north east local government area of Edo State. This study specifically described socio-economic characteristics of rural households obtained, information on migrant youth, examined the level of youth participation in agricultural and rural development activities and the effect of youth migration on these activities in the study area between 2012 2017. A two stage sampling procedure was used to select eighty (80) respondents who were household ...
INTRODUCTION: Recent dynamism in levels of competition and efficiency in the banking system can contribute to greater financial stability, product innovation, and access by households and firms to financial Services, which in turn can improve the prospects for economic growth in this respect, concerns are that state-dominated monopolistic, inefficient, and fragile banking systems in Kenya and many low-income countries, especially in sub-Saharan Africa majorly impact economic development. Pe...
INTRODUCTION 1.1 Background to the Study The foreign exchange market intervention phenomenon is obviously not a recent development, quite a number of governments across the globe have intervened in foreign exchange markets. The essence has mostly been to try to dampen volatility and to slow or reverse currency movements. This is usually borne out of concern that excessive short-term volatility and longer-term swings in exchange rates that "overshoot" values justified by fundamental condit...
Abstract Nigeria is the largest oil exporting country in Africa and has a rapidly growing economy. The country follows a resource based growth strategy driven by the production and exporting of oil. With the volatility of global oil prices and of-ten volatile growth of Nigeria’s economy, this research is designed to examine the effect of Nigeria’s oil dependency on economic growth. This research at-tempts to answer the question of if the volatility of global oil prices is directly linked ...
ABSTRACT Governments in Africa have eulogized free markets and the role of the private sector in economic growth and development. The private sector requires an enabling environment to thrive and flourish, thus the need for a vibrant capital market to improve the private sector‟s access to capital. In lieu of this, the Ghana Stock Exchange (GSE) has enabled businesses in Ghana and the government to raise long-term capital and helped investors to obtain liquidity, fair capital safety and div...
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...
The burgeoning interest on the importance of stock market inmodern economies has reinforced the growing notion that finance is paramountto economic growth and in particular the rising debate on the fledgling state ofWest African stock markets coupled with the implications for the sub-region’semerging economies which are worrisome. Hence, the paper examines the longrun and causal relationship between stock market development and WestAfrican emerging economies in a comparative context of Ghan...
Abstract Precision agriculture (PA) has a huge potential for growth in sub-Saharan Africa (SSA), but it faces a number of social-economic and technological challenges. This study sought to map existing PA research and application in SSA countries following the methodology for systematic mapping in environmental sciences. After screening for relevance, the initial about 7715 articles was reduced to 128. Results show that most of the studies were conducted in countries with socio-economic and ...