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 ...
The empirical debate on the role of international tourism on local economic growth isinconclusive and is characterized by two main opposing views: the Tourism-led economicgrowth hypothesis and the Economy-driven tourism growth hypothesis. The objective ofthe study was to establish the role of tourism development on economic growth using timeseries secondary data from Zimbabwe. Empirically, the study develops a tourism-growthmodel that is an extension of Solow (1956) neoclassical growth functi...
Abstract: Emerging economies are still faced with need to improve economic growth. One of the main drivers of growth in literature has been found to be electricity consumption. However literature fails to explain the relationship between economic growth and electricity consumption. It is against this background that the study examines the presence of the long run relationship between economic growth and electricity consumption in Botswana. The study use annual time series data for the period...
Population growth and its interaction with food security and economic growth is the crux of the matter in this study. It has been documented that Nigeria is experiencing very high population growth rate due to aggravating high birth rate and plummeting death rate. The extent to which population growths affect food security and economic growth was therefore examined. Using time series data pooled from 1981 to 2016, tested for stationarity, co-integrated and corrected for error, the study obser...
INTRODUCTION At the dawn of the 21st century, Nigeria, only recently restored to democratic rule, had a promising economic outlook for the ensuing decade. After several years of sanctions stemming from the political misadventures of the Abacha regime, the international business community was ready to welcome her 150 million plus market back into the global economy. Crude oil prices, a critical benchmark of her economy, were steadily inching up from the low of $10 recorded in the latter part...
ABSTRACT It is said that the population of any country constitute the most vital component of is resource base, as time potentials for development. Population growth can be positive or gainful to any economy if managed well. For instance China is noted to be most populous country in the world but its population has been managed very well and it has helped boost their economy by increasing the level of productivity and providing cheap labour, thus having a positive impact on th...
ABSTRACT The focus of the research is on foreign debt and Economic growth prospects of the Nigeria Economy, using a time scope 1985-2014. The objectives of the study include examining the extent to which external debt affect Gross Domestic Product in Nigeria; to assess the relationship between gross domestic product and government expenditure in Nigeria amongst others. Data of the study is derived from statistical bulletin from debt management office and central bank of Nigeria. The researche...
ABSTRACT The issue of economic growth has become a great concern for many economies. The growth of economies has been attributed to many factors. To contribute to this subject, the study investigated the impact of foreign direct investment (FDI) on economic growth using evidence from Ghana. It went further to determine which FDI impacted sector has a significant effect on economic growth. Using time series data spanning from 1980 to 2012, Autoregressive Distributed Lagged model (ARDL) is empl...
ABSTRACT The term unemployment can be defined as an economic condition marked by the fact that individuals actively seeking jobs remain unemployed. Unemployment is expressed as a percentage of the total available work force not working. The rate of unemployment varies with economics conditions and other circumstances. Unemployment is frequently seen in graduates of big institutions of learning most especially in under developed nations such as Nigeria. The study was formed to investigate the...
Abstract This study examines the effect of stock market on economic growth in Nigeria.Ordinary least squares regression (OLS) was employed using the data from 1989 to 2008. The results indicated that there is a positive relationship between economic growth and all the stock market development variables used. With 99 percent R-squared and 98 percent adjusted R-squared, the result showed that economic growth in Nigeria is adequately explained by the model for the period between 1989 and 2008. B...
ABSTRACT This research report set out to establish the relationship between Tax Rates and economic growth (measured by GDP) in Uganda (2000-2010). The objectives of the study were; to establish the trend of Tax Rates in Uganda(2000-2010), to establish the trend of GDP growth rate of Uganda(2000-20 10) ,to investigate the relationship between Tax Rates and GDP growth in Uganda (2000-20 10). The study employed time series analysis such Correlation analysis, regression analysis mechanisms. The ...
ABSTRACT Non-oil export has been an alternative way to diversify Nigerian economy so as to absorb any shocks from the international oil (crude oil) market, since revenue stability is not guaranteed from crude oil again. Therefore, the study examines the diversification to non-oil export as a panacea for checking poverty, unemployment, low revenue and economic recession through inclusive economic growt...
The empirical debate on the role of road transport infrastructure on domestic economic growth is inconclusive and is characterized by two main opposing views: the road-led economic growth hypothesis and the distorting effect of infrastructure growth hypothesis. The objective of this paper is to examine the effect of road transportation infrastructure on economic growth in Kenya using time series data over the period 1990-2020. Empirically, the study develops a transport-growth model that is a...
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade openness. This shows that monetary policy is effective in maintaining economic growth on the...
ABSTRACT Most economies in Sub–Saharan Africa (SSA) have been associated with low and volatile growth performance over the years. Export diversification is identified in the literature as growth–inducing. However, the assessment of the effect of export diversification on economic growth has not received much attention in Sub–Saharan Africa. The study provides evidence on the relationship between export diversification and economic growth using panel data of forty–two (42) Sub–Saha...