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 Sub-Saharan African countries have experienced a decline in its economic growth rate due to delayed and still limited policy adjustments in the region, with a consequent rise in public debt and deteriorating international reserves. External debt and governance have been argued to impact a country’s economic growth. The study assessed the role of country-level governance structures in the relationship between external debt and economic growth using a panel of 38 Sub-Saharan African...
ABSTRACT Sport mega-events are a contemporary phenomenon which embody and unify global processes in an increasingly globalised world. Whilst the sport industry has grown exponentially as a result of global market forces envisaging extensive economic opportunities, hosting a mega-event has also been economically attractive for cities and countries. In aiming to be globally competitive and world-class, mega-events derive from an economic-growth centred model of urban development, whereby benef...
ABSTRACT Remittance flows to Sub-Saharan African (SSA) region has steadily been on the increase in recent history. Unlike capital inflows which generally create obligations for future outflows either in the form of debt servicing or investment income and other payments, remittance inflows do not as they are generally unilateral and unrequited. This thesis investigates the economic growth and developmental role of workers’ remittances in selected Sub-Saharan African (SSA) countries. Specific...
ABSTRACT Violent crime in South Africa has reached epidemic levels, and something needs to be done about it as a matter of urgency. While the huge socio-economic inequalities in South Africa remain the main cause of crime in South Africa, the focus of this dissertation is on the inefficient, ineffective and unaccountable South African Police Service (SAPS), and how its failings have contributed to the public safety crisis South Africa is faced with presently. In this dissertation I suggest th...
ABSTRACT The economic performance in Sub-Saharan Africa has been unimpressive, particularly in comparison with other developing regions like East Asia. Using a panel data for 42 Sub-Saharan African countries for the period 2005-2016, this study investigates the effects of political institutions and human capital on the economic performance in the SSA countries. By using linear dynamic panel data and a fixed effect model, with growth of GDP per capita as the dependent variable, this study is...
This paper empirically explores the effect of domestic debt, as a share of Gross Domestic Product (GDP), on economic growth in the East Africa Community (EAC) over the period 1990-2010. This study was based on the Solow growth model augmented for debt. Levin-Lin-Chu test (LLC) was used to investigate the properties of the data with respect to Unit roots. The Hausman specification test was used to select the panel fixed-effects model, which was corrected for heteroscedasticity. The results sho...
INTRODUCTIONInflation has become a significant problem for Africa and Nigeria in particular during the past twenty years. Since the first oil shock in the mid-1970s, African inflation rates have averaged more than 15 percent a year. For Sub-Saharan Africa, the average inflation rate has been closer to 20 percent a year. A few Sub-Saharan countries have even experienced inflation rates of 50 or even 100 percent a year (Batini, 2004).The emergence of substantial inflation in Africa has led to w...
ABSTRACT Agricultural activities contribute about 33% of the East African Community‟s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC suffer from hunger. Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investiga...
ABSTRACT Agricultural activities contribute about 33% of the East African Community‟s Gross Domestic Product (World Bank, 2009), 80 per cent of the populace depend on agriculture directly and indirectly for food, employment and income, while about 40 million people in EAC suffer from hunger. Intra-EAC trade is very low, that is, at 9 per cent of the total regional trade, but it is on upward trend. Agricultural trade accounts for over 40 per cent of the intra-EAC trade. This study investigat...
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 Nigeria is the largest oil exporting country in Africa and has a rapidly growing economy. The country follows a resource based growth strategy driven by the production and exporting of oil. With the volatility of global oil prices and of-ten volatile growth of Nigeria’s economy, this research is designed to examine the effect of Nigeria’s oil dependency on economic growth. This research at-tempts to answer the question of if the volatility of global oil prices is directly linked ...
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 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...