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%...
This research empirically explores the determinants of Kenya’s regional economic growth in the 47 counties over the period 2014 to 2017. Though economic policies aimed at enhancing regional growth were implemented, the economic performance has not been satisfactory hence the study seeks to find out what determines economic performance at the sub-national level. This research is based on the reduced Solow-Swan growth theoretical framework. The analysis techniques that were used in this study...
ABSTRACT This study investigated the relationship of inflation targeting monetary policy and economic growth in Ghana. Inflation rate was measured by conditional variance generated by fitting an empirical Generalized Autoregressive Conditional Hetroskedasticity (GARCH) model to seasonally adjust annual consumer price inflation for the period 1960-2015. The inflation rate measure, together with macroeconomic control variables, was used to estimate economic growth models for two periods corresp...
Abstract: The tourism industry has developed remarkably since the Second World War to turn out to be the world’s major economic activity. Moreover, tourism has become one of the greatest vital pushers for economic development in numerous countries. Most literature highlights that tourism carries the growth of economies of numerous countries. Tourism does not only contribute to the positive stimulation of the economy, but it also generates employment and revenue. Lesotho is rich in tourist ...
ABSTRACT Public debt remains one of the most critical elements of economic development especially in developing countries. This study focuses on the public debt in Kenya and its effect on economic growth. Most developing countries will expect that public debt will affect the economic growth positively. Thus the resources from public debt should be used to finance government expenditures which will spur economic growth of the country. There is a considerable increase in domestic debt as compa...
ABSTRACT The study was necessitated by the fact that insurance has been recognized by many researchers as having effect on economic growth but little has been done in that regard in Ghana. The main objective of the study is to examine the effect of insurance on economic growth in Ghana using quarterly data from the first quarter of 2006 to the second quarter of 2018. The study employed Johansen and Juselius cointegration approach and Vector Error Correction Model (VECM). Findings revealed ...
This paper seeks to examine the impact of the Nigerian capital market on its economic growth from the period of 1990-2010. This means that the performance of the stock market is an impetus for economic growth and development. The economic growth was proxied by Gross Domestic Product (GDP) while the capital market variables considered include; Market Capitalization (MCAP), Total New Issues (TNI), Value of Transactions (VLT), and Total Listed Equities and Government Stocks (LEGS). Applying Joha...
ABSTRACT Deficit Financing is a government policy of financing large public expenditure by borrowing money rather than by raising taxes. This started way back in 1961; it is used to stimulate the economy. Deficit financing has not accelerated the growth of the economy, but has created more economic crises. Government finds ways of financing the deficit through borrowing from domestic sources such as the issuing of treasury bills, FGN bonds, treasury certificates, treasury...
ABSTRACT This study investigated the relationship between population dynamics and economic growth in Nigeria. In addition, the study tried to identify the determinants of population growth as well as testing for causality between population and economic growth in Nigeria. Using annual time series data spanning from 1970 to 2013, the researcher employed a multiple regression model for the first and second objective of the study while the granger causality test was used to capture the third o...
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Many developing countries are currently undergoing substantial macroeconomic adjustment. It is not clear how such programmes are affecting government expenditures and hence longer-term economic growth and poverty reduction. Thus, it is important to monitor trends in the levels and composition of government expenditures, and to assess the causes of change over time. It is even more important to analyze the relative contribution of various ex...
ABSTRACT This thesis was based on net export and Gross Domestic Product (GDP) of Burundi. The research was guided by three objectives, that is, (i) to evaluate the level of net exports in Burundi from 2003 — 2012. (ii) To assess the level of economic growth in Burundi from 2003 to 2012. (iii) to find out if there is a significant relationship between net exports and economic growth in Burundi from 2003 -2012.The study hypothesis was that there is no relationship between net export and GDP g...
ABSTRACT This study investigated the relationship between economic growth and financial deepening for the case of Ghana using quarterly data from 1983 to 2008. Whereas financial deepening was proxied by credit to private sector/GDP and broad money/GDP, economic growth was measured by real GDP per capita. Other variables included gross fixed capital formation/GDP, interest rate and government spending/GDP. Employing the Johansen cointegration approach, vector error correction, vector autoregre...
Economic justice is the expression of the effective distribution of economic goods. This could be realized throughjudicial mechanisms. Effective judicial systems are the platform on which economic justice can be actualized. There is a positive connection between economic justice and an effective judicial system, and this is usually measured by the rule of law and the level of its regard. The paper argued that one of the established dysfunctional characteristics of developing nations is th...
ABSTRACT The study examined the impact of exports on economic growth in Ghana using annual data for the period 1980 to 2013. Applying popular time series econometric techniques of cointegration and vector error correction estimation, the study sought to explore long-run and short-run relationships between exports and gross domestic product (GDP). The Johansen‟s cointegration test revealed the existence of long-run relationships between real GDP, exports, gross capital formation and labour i...
TABLE OF CONTENTSDECLARATIONAPPROVAL iiDEDICATIONACKNOWLEDGEMENT WTABLE OF CONTENTS VLIST OF TABLES V1NLIST OF FIGURESABSTRACTCHAPTER ONEPROBLEM AND ITS SCOPE1.1 Background of the Study1.2 Statement of the Problem 31.3 Purpose of the StudyI .4 Research objectives 31.5 Research Questions1.6 Hypothesis of study 41.7 Scope of the study1 .7.1 Content scope .41.7.2 Geographical Scope 41.7.3 The theoretical scope 41.7. 4 Time scope1.8 Significance of the Study 51.9 Operational definitions 5CHAPTER ...