ABSTRACT This research work studied the Economic Community of West African States Cease-Fire Monitoring Group's (ECOMOG's) experience, against the backdrop of regional security and conflict resolution in West Africa. It tried to establish a relationship between economic integration of ECOWAS and the resolution of regional conflict in West Africa. In other words, it attempted to establish an understanding of the prospects, possibilities and limitations of using an economic integration body, li...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
Abstract The study analyzed macroeconomic determinants of remittances in Southern Africa and made use of annual data for the period ranging from 2003 to 2016. The macroeconomic determinants used include: remittances themselves, the inflation rate, GDP growth rate, the nominal exchange rate, broad money and age dependency ratio. In doing so, the study further analyzed cyclicality and the volatility of remittances in the region in order to get a more rounded perspective. In seeking to meet its...
ABSTRACT The economic growth and taxes are very important aspects in the development of any economy. This research analyses the tax rate that optimize economic growth in Kenya. The specific objectives of the study were to: To establish the effect of tax rate on economic growth in Kenya and to determine the tax rate that maximizes economic growth. This study adopts the Scully model and a balanced budget approach that is revenue being equal to expenditure using time series data from the period...
ABSTRACT Establishing the relationship between population growth and economic growth has become fundamental to the policy makers in developing countries and Ghana in particular. However, there has been no agreement whether population growth is beneficial or detrimental to economic growth. This study therefore examines the empirical relationship between population growth and economic growth in Ghana using time series data from 1980-2013. It specifically explores the short-run and long-r...
ABSTRACT This study examines Ghana’s foreign aid utilization for the period 1982 to 2000 under the PNDC and NDC administrations led by Flt Lt. J.J. Rawlings in relation to economic growth and development, based on the dependency theory. The study employs primary and secondary data in examining aid in Ghana. Ghana, in the 1980s, became one of the firm economic reformers in Sub Saharan Africa. From a declined economy, Ghana recovered with improved growth under the Provisional National Defense...
ABSTRACT China is essentially a state par excellence, a strong state like the United States with expansionist behaviour and attitudes. Demographically, China has the largest population in the world, 1.3 billion inhabitants that is more than the entire African continent. It has the third largest stock of foreign direct investment after the United States and United Kingdom. Its ideology has been the socialist market economy which embodied elements of pragmatism, free market and state dirigisme...
ABSTRACT The African Union, since its formation, from the days of the Organization of African Unity to its current form, has taken several steps to ensure total continental unity. The AU, has initiated commendable programs such as the Lagos Plan of Action, the African Charter on Human and People’s Rights drafted in 1981; Priority Programme for Economic Recovery (APPER) in 1985, The Treaty Establishing the African Economic Community (EAC), known as the Abuja Treaty, in 1991; The Sirte Declar...
ABTRACT Agriculture’s impact in Africa has led to the conclusion that it is the lifeblood of many Africa economies. In Ghana, agriculture was historically the dominant sector of the real economy accounting for more than 30 percent of GDP post-independence although more recently, it has declined sharply and is the smallest sector of the economy as at 2016. Despite that, the sector still plays a key role in Ghana’s economy and employs 44.7 percent of the population above15 years. The contin...
This paper looks at how African countries have been dribbled by the two ideological blocs-capitalist and socialist– all in search for ideal path to development. Their dissatisfaction with these two contending and often conflicting politico-economic prescriptions (path of capitalism and path of socialism) for development led scholars, intellectuals, leaders and policy-makers, and analysts in the Third world, which Africa constitutes a part, to come up with the idea of ‘delinking’ from ...
It's a comparative study of African countries with the highest GDP against their food production amid the ever growing population to ascertain if truly they are under threat of food security. Abstract Sustainable food security is every nation’s goal. For a nation to achieve sustainable food security, the food supply must exceed the demand. Using trend analysis, this study is an attempt to compare the nature of food security from 2000 to 2014 in Nigeria to selected African countries in eac...
Abstract This paper employ various econometric techniques to analyze the determinants of inflation in Namibia, focusing particularly on the relationships that exist between the Namibian price, as the dependant variable, and the real Gross Domestics Product, Broad money supply, interest rate, and South African Price index as well as the United States price index, being the explanatory variables and probable determinants of inflation rate in Namibia.. Inflation equations that were estimated us...
ABSTRACT The topic effect of rapid population growth on socio- economic development, the case of Nebbi Town Council (NTC) has been chosen basing on a certain objectives. These objectives include the following: To examine the factors responsible for rapid population growth in the world, Africa, Uganda and Nebbi Town council as case being studied: Investigate the measures that can be put in place to control population growth; and To establish the opinion or the attitude of people in the world, ...
BACKGROUND TO THE STUDY Economic growth refers to increase in a country’s Gross Domestic Product, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy to achieve accelerated economic growth. Tanzi (1994) observes that fiscal policy applies to the use of fiscal instruments (taxation and spending) to influence the working of the economic syste...
Every country in the world aim at achieving economic growth and development. This is only possible if a country has adequate resources In developing countries especially those in sub-saharan Africa,The resources to finance the optimal level of economic growth and development are in short supply. A proper understanding of these concepts is therefore very necessary in order to get a good grasp of how inflation and unemployment has effected growth in Nigeria over the years.Nigerian economy h...