ABSTRACT The study investigated the relationship between foreign direct investment and economic growth in Liberia. The Autoregressive Distributed Lag approach to cointegration was used with annual data from IMF Statistics 2009 CD ROM, WDI. Capital was disaggregated into foreign direct investment and domestic private investment for a more comparative analysis of their impacts on economic growth. Economic growth was measured by real GDP, Foreign Direct investment (FDI) was measured by Net FDI...
ABSTRACT This research work investigates the impact of banks’ credit on the growth of Nigerian economy between 1981 and 2012. The study was needed due to the central role which the deposit money banks’ credits play in the economic, financial and social development and growth of the economy. The study made use of secondary data in its analysis. Four explanatory variables (Credit to Other Sectors, Credit to Service Sector, Credit to Production Sector, and Credit to General Commercial Se...
ABSTRACT This paper set out to investigate the relationship between Investment and Economic growth in Uganda from 1980 to 2010. The study employed the expost facto research design since it basically examined secondary data; it was also a descriptive-correlation since it was interested in examining the relationship between the independent variables and the dependent variable. The Population of this study were the published reports on the variables of the study from 1980 to 2010. The study targ...
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 on eco...
ABSTRACT A great deal of literature from a number of studies established that stable financial system offers risk diversification and efficient capital allocation that leads to economic growth of a country and also the economic expansions caused by harnessing FDI as a source of external financing equally leads to economic growth. However, finance literature records that moderate and low rate of inflation positively affects growth of the economy but high and accelerating rate of inflation jeo...
ABSTRACT The purpose of the study was to establish the Effect of population growth rate on Economic growth. The study adopted a cross sectional design which was quantitative and qualitative in nature. It involved descriptive and analytical research designs. The data was tested for reliability, analyzed using statistical package were presented basing on the study objectives. The results revealed a significant negative Effect of population on Economic growth. This means that high levels of popu...
ABSTRACT This study investigated the relationship between stock market performance and economic growth in Ghana for the period 1991–2014, using quarterly secondary data. The objective was to empirically analyse the relationship between stock market performance and economic growth using Auto regressive Distributed Lag (ARDL) approach.The study found acointegrating relationship between economic growth and its determinants. The regression results show that stock market performance is a very ...
ABSTRACT Employment opportunities have been the most significant priority by the Kenyan Government, where various policies have been put in place to cater for it. Economic growth is reckoned to be essential since a positive growth rate will encourage inward investment and improve revenues, which can be spent on long-term public sector works. However, youth unemployment is a consistent problematic element in Kenya, affecting the economy to a large extent. The general objective of this study wa...
ABSTRACT The purpose of the study was to establish the Effect of population growth rate on Economic growth. The study adopted a cross sectional design which was quantitative and qualitative in nature. It involved descriptive and analytical research designs. The data was tested for reliability, analyzed using statistical package were presented basing on the study objectives. The results revealed a significant negative Effect of population on Economic growth. This means that high levels of popu...
ABSTRACT The study determines the causal relationship between financial development and economic growth in Namibia. In order to test for existence of long run relationship between the variables, the study employs a cointegration and vector error correction model (VECM) technique. Granger causality test was applied to the variables to test for the direction of causation between variables. The study uses quarterly data for the period of 1993 to 2007. Economic growth is proxied by gross domesti...
Abstract Over time there has been mixed and controversial evidence in the literature regarding the relationship between population growth and economic growth and development. This study is an empirical analysis of economic growth and population growth in Nigeria, some writers have found a positive relationship between the two variables, others noticed a negative relationship, and some examined little to no correlation between the two variables. The purpose of this research paper is to observe...
ABSTRACT The importance of economic and political institutions to economic growth has been demonstrated in the literature. However, little is known on how such institutions impact on growth and what determine the quality of economic institutions in Africa. Therefore, this study was aimed at examining the impact of economic and political institutions on growth as well as the impact of political transition on the quality of economic institutions. Game theory was used to develop a political ec...
ABSTRACT Since its inception, the performance of the ECOWAS regional integration in terms of economic growth has not been encouraging. Numerous reforms were implemented to enhance the level of integration in the region including the revision of the ECOWAS of 1993. This study aims to examine the effect of the regional integration on economic growth, and, particularly, the effect of the revised treaty of 1993 on economic growth in the ECOWAS. We estimate a standard growth model using a panel da...
This study investigated the potential role of corruption and democracy in the expenditure-economic growth nexus. Economic literature predicts economic growth-enhancing activities of various core functions of government. However, excess government expenditure, in corrupt and undemocratic countries, may slow down the overall performance of the economy through rent-seeking activities, ineffectiveness and engaging in unproductive projects. The research objective is to analyze the role of democrac...
ABSTRACT The service sector is a crucial component of every country’s economy, and it has been identified as a sector with the capability to become a significant driver of sustained growth in Africa. This study examines the Impact of Service Sector on Economic Growth in Nigeria from the period 1981 to 2019 using annual time series data sourced from the CBN statistical bulletin. The econometric approach of the paper is based on ordinary least square (OLS), Augmented- Dickey Fuller test, Joha...