ABSTRACT This study investigated the long and short-run impact of external debt on economic growth in the context of Ghana using the sample period spanning from 1980 to 2016. The study also examined the Ghana’s external debt trend analysis over the sample period considered for this study. Theoretical and empirical evidences indicates that external debt can either exert negative or positive impacts on economic growth depending on how the external funds acquired is injected into the economy. ...
This study investigated the effect of international tourism development on economic growth inZimbabwe, using time series data spanning over the period 1980 to 2017. The main aim of thestudy was to examine whether international tourism is a pathway to economic recovery inZimbabwe. The study adopted the tourism growth model proposed by Balaguer and Cantavella-Jorda [1] and applied the Autoregressive Distributed Lag (ARDL) bounds testing approach and itsassociated Error Correction Model (ECM). T...
ABSTRACT A booming interest on the topic of Diaspora remittances has developed over the past few years on the part ofacademics, donors, international financial institutions, commercial banks, money transfer operators, microfinance institutions, andpolicy makers, The surge of remittances to countries of origin in the last two decades, exceeding aid and foreiqn direct investment (FDI) to developing countries, has reignited debate on their development potential in receiving countries. Alongside...
ABSTRACT The effect of government size on economic growth has given rise to conflicting views among economists. Some view a large government size as harmful to economic growth due to inefficiencies inherent in government. The other group of economists argues that a larger size of government is likely to enhance economic growth. Kenya’s public expenditure has been experiencing rapid growth since 1963, while GDP growth over the same period has not followed the same path. The main objective of...
Abstract. This study makes an empirical case that the level of sensitivity of economic growth to political and economic institutional reforms in Nigeria matters for sustained and sustainable economic performance both in the short, medium and long term. We first document the empirical evidence that successive regimes in Nigeria were indifferent to the impact of institutional reforms on economic growth. Several regimes both military and civilian pursued time bound and ambitious economic goals...
ABSTRACT Diaspora remittances have become an imperative source of capital flows for different countries worldwide. Even though developing countries such as Kenya do not have a significant share of this capital flow, diaspora remittances is noted to be useful in promoting household income, stimulating and enhancing investment and economic growth in the country. There are few studies that have focused on the nexus between diaspora remittances and economic growth. These studies however do not ca...
ABSTRACT The importance of the construction industry cannot be overemphasized because of its strong linkages with other sectors of the economy. Despite this, the empirical literature on the non-linear (Bon curve) relationship between construction expenditure and economic growth remains unclear and hence, leave much space for further engagements. Therefore, this study seeks to find answers to these questions: Does construction expenditure matter in economic growth, and does the Bon curve hold ...
TABLE OF CONTENTSDECLARATION iiAPPROVAL iiiDEDICATION ivLIST OF ACRONYMS vACKNOWLEDGEMENT ViTABLE OF CONTENTS viiABSTACT xCHAPTER ONE1 .0 Introduction.1 Background of the study1 .2 Statement of the Problem 31.3 Purpose of the Study 31.4 Objectives of the Study .11 .4.1 General objective 41 .4.2 Specific objectives 41.5 Research questions 41 .6 Research hypothesis 41.7 Scope of the study 41 .7.1 Geographical scope 41.7.2 Content scope 51 .7.3 Time scope 51.8 Significance of the Study 51 .9 Con...
ABSTRACT Most economies in Sub–Saharan Africa (SSA) have been lagging behind in development due to low growth performance over the years. The destinations of SSA exports have largely remained the same, with Europe commanding the ‘lions’ share of total exports while intra-regional trade remains very low over the years. However, the assessment of the effect of export destinations (intra and inter-SSA exports) on economic growth has not received any significant attention in Sub–Saharan ...
ABSTRACT This research report set out to investigate the relationship between Population and economic ;rowth (measured by GDP) in Uganda (1994-2012). The study employed time series survey data 3ince examined data for a short time. Its objectives were; to establish the trend of Population in Uganda (1994-2012), to establish the trend of GDP growth of Uganda (1994-2012), to Lnvestigate the relationship between Population and GDP growth in Uganda (1994-2012). The aypothesis of the study was...
ABSTRACTThis study examined the impact of human capital development on the Economic Growth of Nigeria for the period of 1980 – 2015. The study adopted time series econometrics analysis and descriptive statistics to determine the impact of human capital development on Nigeria’s economic growth as well as the long-run relationship between human capital development and economic growth in Nigeria. For purposes of clarity, models were specified as (RGDP) dependent variable, (HCD) and (GFCF) as...
ABSTRACT This study evaluates the relationship between exchange rate fluctuations and its impact on the Nigerian economic growth. This study made use of secondary annual data from the Central Bank of Nigeria (CBN)’s statistical bulletin & publications from the National Bureau of statistics (NBS). This study adopted the classical least regression model and ordinary least square method (OLS) to analyze the data. This study has been able to demonstrate that exchange rate fluctuations is pivota...
ABSTRACT The purpose of the study was to establish the effect of infrastructure investment on economic growth of Uganda. The objectives were to examine the effect of health infrastructure investment on economic growth. To examine the effect of road infrastructure investment on economic growth and to establish the effect of educational infrastructure investment on economic growth. The study was conducted based on time series data for the period of 1985-2016, the data was attained was analyze...
ABSTRACTS The aim of this study is to examine the trend of public debt, economic growth, and the relationship that exists between debt (both external and domestic) and growth in Ghana using time series data from 1965 to 2017. Based on this data, this study found that the economic growth rate in Ghana has been fluctuating, with a record gross domestic product (GDP) growth of -12.4% recorded in 1975 attributed partly to the political instability at the time (Coup d'état). The debt level for th...
ABSTRACT Oil revenue is indeed an important component of economic growth of the recipient nations. Therefore, most of the oil-rich nations invest the revenue from the oil sector into the non-oil sectors for strategic reasons. However, over the past five decades there has been a blur in the practicality to fulfilling this purpose in the context of Nigerian economy. So far, there is high inconsistency on the utilization of such oil revenue in Nigeria. Over dependence on oil revenue tends to dis...