The goal of this research was to investigate empirically how government expenditurecontributes to economic growth in East Africa from 1980-2010. Using balanced panel fixedeffect model, government expenditure was disaggregated to scrutinize its effect of growth.The study tested for panel unit root and found that only two variables, that is, GDP andinvestment expenditure are stationary at level. The finding confirms the conventional viewthat relative investment expenditure promotes economic gro...
The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies examining the relationship between expenditure and economic growth show conflicting results and mainly focus on aggregate expenditure. Hence this study focused on disaggregated expenditure over the period from 1980 to 2010. The objective ofthe study was to establish these expenditures that have effects on growth using balanced panel fixed eff...
ABSTRACT This study examines the effect of interest rate macrostructure and corporate bond market development on industrial output growth in some selected African economies from 1995-2014, namely Botswana, Cameroon, Cote d’ Ivoire, Egypt, Ghana, Kenya, Mauritius, Morocco, Namibia, Nigeria, South Africa, Tanzania, and Tunisia. In the World industrial output statistics, African economies have consistently ranked least and its pace of industrial output growth has been the least. The lapse i...
ABSTRACT Africa is generally believed to be the mother of mankind supported both by archaeological findings [ Davidson, 1974]; and biblical evidences [ Munroe, 2001]. The contribution of Africa to early civilization is a clear testimony and reinforcement to this claim. Some advancements in science and technology were first made in Africa long before they were known in Europe. For example, in Egypt the great engineering ingenuity of constructing the pyramid of 250 meter by 250 meter base, the ...
ABSTRACT The study examines the African Growth and Opportunity Act and African underdevelopment, a critical analysis of major contradictions. The thrust of the research work is to find out if AGOA has spurred the level of investment needed to expand economic activity in the rural agricultural sector. The research work also seeks to examine if AGOA has promoted export diversification with particular reference to the clothing and textile industry and the degree the US trade with SSA countries ...
ABSTRACT Productivity growth in an economy is important because it is an essential source of overall growth. The study evaluates the total factor productivity growth in agricultural sector of West African countries between 1961-2000 and also determined the technological change and technical efficiency change within the period. The study used data from the FAOSTAT Database of the FAO. The data were analysed using stochastic frontier production function. The results reve...
Abstract: Conflicts and insecurity have continued to plague the Greater Horn of Africa despite interventions by the United States of America (USA) and numerous security collaborations with other international partners. Understanding perceptions on interventions of the main security player - the USA, especially why it is intervening, how and the impact of its interventions, provides insights on its role in the security of the Greater Horn of Africa. Mixed method research was utilized to under...
Abstract While countries around the world have experienced unprecedented shifts in their population age structures over the last 70 years, it has only really been over the last 20 years that research into the impact of the structure of the population on the economy has gained momentum. Analytically, it is the recognition that engagement in the economy and the resulting economic ows between individuals vary with age that underpins this impact: children consume more than they produce; prime wor...
ABSTRACT The AU in its 50th Anniversary Solemn Declaration pledged not to bequeath to future generations of Africans a legacy of wars and guns by silencing the guns by 2020. Since then the AU through its guiding principle of “African Solutions to African Problems” has made significant strides to enhance peace and security on the continent. In Somalia, the AU through AMISOM has shown that it is capable of conducting a successful peacekeeping operation as evidenced by the political and secu...
Abstract Based on a panel data of 19 Sub Saharan countries for the years 1982-2000, this study explores the determinants of economic growth in the region. Given that economic growth is essentially seen as a dynamic phenomenon, the study employs the Generalized Method of Moments (GMM) to account for the factors that influence the growth of economies in the region. The study results indicate that physical capital formation, a vibrant export sector and human capital formation significantly cont...
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 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 Trade in the modern world has evolved due to the liberalization and integration of the world into one unit. This has led to the practice of trade in multilateral, regional, and bilateral frameworks where states advance their diplomatic interests through negotiations, networking, regulations, and participation. Foreign trade is influenced by key regional factors like comparative advantage, level of investment, and domestic absorption rate. The study investigated the regional factors ...
ABSTRACT Urbanization is recognized as a key driver of rapid economic growth, structural transformation and poverty reduction. The enormous body of both theoretical and empirical knowledge widely supports the idea of a positive relationship between urbanization and economic growth. However, at the core of the existing debate is the causal direction. The first part of the study investigated the causal relationship between urbanization and economic growth in Sub-Saharan Africa (SSA) from the tw...