Introduction 1.1 Objective of the Study In modern economies, entrepreneurship, as an element of production, is been acknowledged as a justifiable cause for attaining economic growth. The generation of bright prospects for employment and wealth creation has also been attributed to entrepreneurship by several scholars who view it as one of the major causal factors of the economic advancement of several nations (Dejardin, 2000; Carree and Thurik, 2002; Naude, 2008). Though these scholars critica...
ABSTRACT Income inequality stalls economic growth with undesirable socio-economic consequences. Despite measures targeted towards reducing the inequality gap, disparities in income distribution persists. The link between financial reforms and income inequality is still relatively unexplored in the literature. This study appraises the impact of financial reforms including credit growth on income inequality using a sample of twenty selected countries in Sub-Saharan Africa (SSA) from 1980 to 201...
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 Conventionally, an increase in international tourism receipts coupled with an upsurge in foreign tourist arrivals, into regions with many untapped investment opportunities, is naturally expected to trigger an influx of foreign direct investments (FDI) into such regions. Also, the resulting increase in FDI flows is believed to boost developments across many “green” and viable sectors, including tourism, within the host country upon equitable allocations of such foreign capital. T...
ABSTRACT This thesis is related to literature on (i) macroeconomic commitment institutions, i.e. institutions pledging policymakers to pre-established rules and procedures in monetary and fiscal policymaking, in order to overcome the issue of time-inconsistency (ii) institutional economics (iii) the interplay between the effectiveness of commitment and constraints and the institutional framework with focus on Africa where macroeconomic commitment institutions and (iv) political business cycle...
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: The purpose of the study was to examine the contributions of the East Africa Community Common Market Protocol to Tanzania’s economic growth. The study was guided bythree objectives, namely; toevaluate contributions of intra-EAC trade liberalization to Tanzania’s economy,to find out the contribution of the movement of labor and persons to Tanzania’s economy, andto examine the contribution of the movement of capital to the economic growth of Tanzania.A descriptive research desi...
ABSTRACT Microfinance institutions (MFIs) are seen as one of key ingredients in poverty reduction in Africa. Nevertheless, for them to achieve their goal of poverty reduction, their profitability is crucial. Several factors such as outreach, institutional environment, age, size and type of MFI affect the profitability of MFIs, but labour efficiency role and credit risk effect on profitability of MFIs have seen little attention. This study therefore, sets out to investigate the potential dete...
Abstract This Study Examined The Relationship Between Foreign Aid And Economic Development In Sub Saharan Africa. The Study Seeks To Examine The Role Of Institutions In Aid Effectiveness And Economic Development In Sub Saharan Africa. The Study Adopted A Theoretical Framework Similar To The Endogenous Or New Growth Model, As Well As; The System Generalized Method Of Moments (Gmm) Technique Of Estimation Was Adopted In Order To Overcome The Challenge Of Endogeneity Perceived In The Institutio...
Abstract The spatial distribution of economic activity is unevenly distributed across regions within countries. Regional development policies and the incidence of crime rates, an important aspect of the quality of the local business environment, may both impact spatial disparities in economic activity. This thesis examines the relationship between regional development policy, the quality of local business environment, that is, security or lack thereof, captured by crime incidence, and regiona...
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 The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population. This growing capacity is said to base on advancing technology. It is only through an effective economic system that human and material resources of the nation could be mobilized between the government and the governed. The concept of economy development of Nigeria with its objectives is aimed at standard and mobilization or mobilizing the functions ...
ABSTRACT Labour is primarily human effort applied in production for the provision of food for the sustenance of his being. Human labour is also used to make tools which make for the creation and recreation of his economic and other material conditions.For Claude Ake, man creates cultures, history and civilization which affect his overall consciousness through labour. It is therefore most important to man. However, Ake notes that studies reveal that as societies develop and owing to the comple...
This study investigates the extent to which environmental hazards affect life expectancy in Africa using Nigeria time series spanning from 1960 to 2017. The study adopted generalized autoregressive conditional heteroscedasticity (GARCH) model in estimating the total number of 58 (years) observations to ensure robustness in the estimation results. The estimation results show that environmental hazards in terms of carbon dioxide (CO2) emission from solid fuel consumption reduce life expecta...
Abstract: The purpose of this study is to contextualize the impact of regional integration and economic development in the East African Community using Rwanda as a case study. The most important masons for joining regional groupings has been the hope of addressing common challenges improving economic policy, reducing poverty, and managing the process of liberalization in a collective and co-ordinated manner. Past efforts to form sustainable regional integration schemes in East Africa have fa...