ABSTRACT Policymakers and governments have raised concerns about the rate at which global climate change is occurring. The adverse impact of climate change on the environment and ecosystems has necessitated the formulation of mechanisms to address its effects. Empirical evidence has shown that climate change greatly affects health, water and food supply, and economic growth in Africa. However, given the emerging nature of climate change studies, little research has examined its impact on inco...
Abstract Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have...
Tremendous changes have been witnessed in the developing countries' macroeconomic landscape over the past few decades. For instance, several forms of financial innovations have been witnessed in the sub-Saharan African region over the past decades. These changes can shift various parameters of the money demand model and function. However, few empirical studies have been carried out in this scope in East Africa. It is against this backdrop that this study will employ the panel estimation techn...
ABSTRACT The study investigates the relationship between financial integration, proxy by portfolio equity flows, and economic growth in Sub-Saharan Africa. To achieve the set objective, we first estimate the baseline growth regression using the Generalized Methods of Moment (GMM) dynamic panel estimation framework, while controlling for initial income, human capital and other factors. The results suggest that portfolio equity flows have a significant positive relationship with economic growth...
Abstract Malaria is one of the planet's deadliest diseases and one of the leading causes of sickness and death in the developing world. Africa has suffered and is still suffering from the adverse socio-economic effects of malaria; It is intimately connected with poverty. Judged as both a root cause and a consequence of poverty, it is most intractable for the poorest countries in the world. According to GSK’s (GlaxoSmithKline) Corporate Responsibility Report 2007, it affects the health and...
Public and private investment in agricultural research and development (R&D) createspreconditions for the implementation of more advanced and better technologies. It enables theintroduction of new production processes and products which can result in higher earnings andpotential sectoral economic growth in Agriculture. Despite the fact that accelerated agriculturalresearch and development is a catalyst for the beginning of the long-run economic activity, itsimportance is not widely investigat...
ABSTRACT During the 1990' s the world experienced a new wave of regional integration agreements (RIAs) that reached unprecedented proportions. The increasing importance of regional integration agreements and in particular their extraordinary expansions during the 1990's are among the most salient developments of the international trading system and its believed to be a vehicle for the promotion of trade and economic growth. The main driver for increasing number of Regional Integrations Agree...
Background of the Study In the recent year the relationship between money supply and economic growth has been receiving increasing attention than any subject matter in the field of monetary economics. Economists differ on the impact of money supply on economic growth, while some agreed that variations in the quantity of money is the most important determinant of economic growth and that countries that devote more time to studying the behavior of aggregate money supply experiences much variati...
ABSTRACT This study empirically examines the role of health on economic growth in Sub-Saharan Africa using a panel data from 1990 to 2011. The study employed a panel data analysis in which the random effects model was used to examine the relationships among variables. Each of the explanatory variables were tested for multicollinearity using the Variance Inflation Factor (VIF) which was not found among variables, and other tests such as the Hausman test which showed that the random effe...
ABSTRACT Economic integration has been an important phenomenon and a major facet of growth in the world. Amongst many regional groups on the continent of Africa, the Economic Community Of West African States (ECOWAS) has over the years proven to be in good standing in an effort to integrate its member states for economic, social and political benefits. This study examined the economic integration of ECOWAS, specifically looking at the prospects and challenges in the area of trade as an eff...
ABSTRACT This study analyzes the impact of foreign direct investment (FDI) on economic growth in East and Central Africa between 2000 and 2015. A sample of 24 countries made up of 16 from East Africa and 8 from Central Africa were considered. Data was obtained from World Bank Development Indicators and World Governing Indicators. I employed the pooled Ordinary Least Square (OLS) regression and panel data econometric techniques for the estimations and the findings revealed that FDI positively ...
Evidence has shown that Africa, despite being the hardest-hit continent by the catastrophic effects of climate change, wields a relatively minimal influence in the ongoing global climate change debates. The inadequacy of influence is due to insufficient leadership from Africa in the global climate change negotiations. To mend this leadership challenge, South Africa has been identified as having significant potentials to lead African climate change discourse, especially, towards wielding a gre...
Abstract The research attempts to proffer solution to an armed conflict whose perpetuity is crippling and stifling Africa’s peace, security and sustainable developmental thrust. Using both qualitative and quantitative research methods through interviews and questionnaires respectively, and buoyed by an encompassing literature review the research set-out to proffer solution in arresting recurrent armed conflict in eastern Congo. The solution is the role of East African Standby Force (EASF) a...
Faced with the financial crisis and global economic recessions, Africa governments have rediscovered the importance of economic policy instruments. They use it to rescue the bankrupt banks, and to make more economic activity to carry back recession. But now there's a backlash demanding that the deficits used to create the stimulus must be reduced by cutting public consumption spending on a grand scale. Hence the target of this study is to explore the role of public consumption expenditure on ...
Abstract: In Africa, the human person is the supreme force, the most powerful and dominant among all created beings. While this decreed power makes the lower beings subservient to humanity, it is only intended to be a source of harmony in the advancement of the hospitality and the joy of the human species. Today however, the traditional lifestyles of Africans are threatened with virtual extinction by insensitive development over which the indigenous peoples have no participation. Africa has n...