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...
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 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 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, ...
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...
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...
ABSTRACT The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while broad money supply, real exchange rate, and real interest rate are the regressors. Data was collected from CBN statistical Bulletin for the period 1981 – 2010. The statistical techniques used for the analysis is the ordinary least square techniques with the aid of Stata 10 software package. The research indicates that real ...
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 study investigates the impact of government expenditure on economic growth of Nigeria from the period 1980-2011. The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and specification of model which was used to show if government capital and recurrent expenditure has positive or negative impact on economic growth. The dat...
Abstract This study empirically investigates the inflation-economic growth relationship to determine whether a threshold effect exists and if so to estimate the optimal inflation level which is conducive for economic growth in Namibia. With this view, various tables and charts, correlation matrices, pair-wise Granger Causality tests and a quadratic regression equation was estimated by OLS. Time series annual data covering a sample period from 1980 to 2012 were used in the estimation process....
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: Within the last decade, China has emerged as the single largest bilateral lender to Africa, being only comparable to the World Bank in terms of volumes. However, despite its growing presence, China has become infamous for lack of transparency in its lending practices; there is no accurate data regarding its outstanding debt stocks, debt flows, and most importantly, its lending terms and conditions. Using a set 37 original loan contracts between China and 10 different African countr...
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 ...
ABSTRACT Most developing nations have embarked on various reforms that foster the use of telecommunications in their economies. The reforms tend to yield little or minimal benefits to economic growth and development, especially when compared with developed countries of the world. Technological advancement is known for its fast rate of economic development. In Nigeria, policy on the adoption of information and communication technologies was initiated in 1999, when the civilian regime came into...
ABSTRACT In line with the search for the real determinant of economic growth, this work sought to analyze the impact of institutional quality, government expenditure on economic growth, using a panel data analysis for four selected West African Countries (Nigeria, Ghana, Sierra Leone and Burkina Faso) from 2005 to 2013. The study found a positive and significant relationship between some institutions – economic institutions, on economic growth whereas political institutions showed a n...