INTRODUCTION 1.1 Background of the studyAgriculture is the foundation and bedrock upon which the development of stable humancommunity has depended on throughout the whole universe such as rural and urbancommunities. It is concerned with the husbandry of crops and animals for food and otherpurpose. The study of the history of economics provides us ...
ABSTRACT It is widely agreed among economists, policy makers and central bankers that all macroeconomic policies seek to attain high levels of economic growth coupled with very low rates of inflation. High inflation rates have resulted to a number of adverse effects on the economic growth of many countries over time. But how low should the inflation rate be so as not to affect economic growth negatively? Economic policymakers in Kenya have been working towards the attainment of a 5 percent r...
INTRODUCTION The growth and development of an economy, depends greatly on how the country’s capital market thrives. The capital market can be an important facilitator of economic growth (Applegarth, 2004). Osaze (2000) is of the view that the capital market drives any economy to growth and development because the long term growth capital formation stems from it. Economic growth in a modern economy hinges on an efficient financial sector that pools domestic savings and mobilizes foreign capi...
ABSTRACT Many economies in Sub-Saharan Africa have been experiencing high external debt stocks over the past three or so decades, thereby deepening the problem of debt burden in the Region. Growth performance, however, remains relatively moderate over the years. The relationship between economic growth and external debt as espoused in theoretical and empirical literature remains unclear. Whilst a school of thought postulate that external debt supplements savings and investment, and hence prom...
ABSTRACTThe study was designed to investigate the effect of unemployment on economics growth in Nigeria for a period of 31 years (1980-2010). It focus is to determine the relationship between unemployment and economic growth in Nigeria (GDP).The finding was that unemployment has a positive but insignificant impact on the gross domestic product (GDP) of the Nigeria economy, Despite the fact that the effect of unemployment on economic growth is not significant, its positive coefficient suggest ...
ABSTRACT This research work Globalization and its impact on the growth of the Nigerian economy from periods of 1986 to 2008 is basically to determine the impact of globalization on the Gross Domestic Product of the Nigerian economy as well the impact of financial integration on the Nigerian economy. It was found out in recent years that the Nigerian economy has developed economically wise due to globalization. Globalization being a process of interconnections between countries of the world h...
ABSTRACT The term unemployment can be defined as an economics condition marked by the fact that individual actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in graduate of various institutions of learning especially in under developed nations like Nigeria. The study was designed to investigate the impact of unemployment...
Abstract This study investigated the impact of external debt on economic growth in Nigeria for the period 1980-2015. Time series data on external debt stock and external debt service payment was used to capture external debt burden. Other variables such as exchange rate and Foreign Direct Investment where employed. The study set out to test for both long-run and causal relationship between eternal debt and economic growth in Nigeria. The Multi Linear Regression Method was used, and the techni...
ABSTRACT This research report was set out to investigate the impact private investment on economic growth (measured by GDP) in Burundi (2000-2015), the study employed time series survey data. its objectives were to; Examine the trend of private investments in Burundi, Establish the trend of economic growth of Burundi through its GDP and Assess the impact of private investments on economic growth of Burundi. The hypothesis of the study was there is no significant relationship bet~’een priva...
ABSTRACT The study examined the relationship between electricity consumption and economic growth in Ghana using annual data for the period 1971 to 2010 by employing autoregressive distributed lag (ARDL) approach to cointegration. The study found a cointegrating relationship among the variables when real GDP was used as the dependent variable and no cointegrating relationship among the variables when electricity consumption was used as the dependent variable. The bounds test results revealed ...
ABSTRACT This study revisits the relationship between external debt and economic growth in Ghana. Using annual data for the period 1986 to 2015, and applying Autoregressive Distributed Lag (ARDL) model and in line with the empirical literature, the study found a statistically significant positive relationship between external debt and economic growth in both the long run and short run for Ghana. The study also revealed that there was adjustment to equilibrium from the short-run. Besides, con...
ABSTRACT This study revisits the relationship between external debt and economic growth in Ghana. Using annual data for the period 1986 to 2015, and applying Autoregressive Distributed Lag (ARDL) model and in line with the empirical literature, the study found a statistically significant positive relationship between external debt and economic growth in both the long run and short run for Ghana. The study also revealed that there was adjustment to equilibrium from the short-run. Besides, cons...
This research work tries to examine the significance of agriculture production on economic growth in Sierra Leone. It empirically explored the agriculture and economic growth nexus in Sierra Leone. The objective of the study is to examine the place of agriculture in the economic growth and development of Sierra Leone. Using least square method, data collected were secondary data and the durbin-watson t-statistics were used in the regression analysis. The study shows that agriculture productio...
ABSTRACT The main purpose of this study was to determine the effect of energy price liberalization on economic growth in Kenya. Energy sector is an important component of economy, and just like other goods and services, energy price affects its demand, supply and use. The use of energy is embedded in the production function that leads to economic growth. In Kenya, the energy sector contributes about 9.49 percent of GDP with the petroleum sector, electricity sector and fuel wood sector contrib...
This study examines the causal relationship between stock market performance and economic growth in Nigeria for the period 1987 -2014, using annual secondary data. Economic growth is proxied by gross domestic product (GDP) while capital market performance is measured by market capitalization, total new issues, volume of transaction and listed equities. The objective is to empirically analyze, using link between capital market performance and economic growth (i.e. whether stock market perfor...