Abstract: The need to diversify the economy so as to ensure sustainable economic growth has been of great concern. Accelerating productivity in agriculture is seen as one of the alternatives to support the diversification initiatives by the government and drive growth in Botswana. This study discusses the factors contributing to increased long term agricultural productivity and hence its subsequent impact on growth in the short. The study employs the vector error correction model and annual ...
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...
ABSTRACTThe earnest expectation of every economy over the year has been to attain the highest possible level of economic growth and development. This research work is on the ‘’Impact of Monetary Policy on Economic growth in Nigeria’’ between the period of thirty years (30) covered from 1980-2010. The Impact of monetary policy in an economy has been a continuous discussion in every economy especially developing economics which will give rise to economic growth and development of a nati...
ABSTRACT This study empirically examines the impact of Government Expenditure on Nigeria Economic Growth from the period of 2011 to 2020. The main objective was to examine its impact and as well as to ascertain the causal relationship between Government Expenditure and Nigeria Economic Growth. To achieve these objectives, secondary data were collected from Central Bank of Nigeria (CBN) Statis...
ABSTRACT The overall objective of the study was to investigate the relationship between exchange rate and economic growth of Uganda (1984 -2015). The objectives included to determine the relationship between interest rate and economic growth of Uganda, to establish the relationship between private sector investments and economic growth of Uganda and to establish if there is a significant relationship between exchange rate and economic growth in Uganda in the years (1984-2015). The study was c...
ABSTRACT In contrast to previous studies on the relationship between trade openness and economic growth, this study develops a new measure of trade openness. Composite Trade Intensity (CTI) was employed to generate an index to capture trade openness. The study used Trade Intensity (TI) and Relative World Trade Intensity (RWTI) dataset to create an index for trade policy openness. This new measure of trade openness improves on the results of trade openness compared with the traditional measure...
Abstract The existing studies on the relationship between government spending and economic growth provide inconclusive empirical evidence. This study examines the causal relationship between government spending and economic growth for the Namibian economy by employing general government (final) consumption expenditure and real Gross Domestic Product (GDP) data for the period 1980 to 2012. The study employs the pair wise Granger causality test, Co-integration test and Vector Error Correction ...
ABSTRACTForeign Direct Investmemt has been widely described as an indispensible vihicle of economic growth, Variuos reseachers have tried to advocate foreign direct investment as a tool for employment generation, transfer of technological skills, manpower development and increased foreign dexchange earnings.This study was carried out to determine the impact of FDI on economic growth in Nigeria. The study made use of the ordinary least square (OLS) method of estimation in determinig the impact...
ABSTRACT The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies on the association between government expenditure and economic growth show conflicting results and mainly focus on developed economies. Hence this study focused on both the functional and composition of public spending of the East African countries over the period from 1980 to 2010, with a particular focus on sectoral expenditures: ...
The goal of this research was to investigate empirically how government expenditure contributes to economic growth in East Africa. Most existing studies on the association between government expenditure and economic growth show conflicting results and mainlyfocus on developed economies. Hence this study focused on both the functional and composition of public spending of the East African countries over the period from 1980 to 2010, with a particular focus on sectoral expenditures: Education, ...
ABSTRACT The study sought to examine the impact of free zones exports and free zones investments on economic growth in Ghana. The quarterly time-series data used for this study covered the period 1998 to 2015. Having identified unit roots in our endogenous variables, the Johansen cointegration test was conducted and it came out clear that our three endogenous variables of GDP, free zones exports and free zones investments were cointegrated and this enabled us to use the vector error correcti...
ABSTRACT The study investigated the relationship between balance of payments and economic growth for Namibia using quarterly time series data over the period 1999q1to 2018q2. The variables used include real gross domestic product, balance of payments, real exports, real effective exchange rate, net foreign capital inflow and terms of trade. This study employed time series techniques such as unit root and cointegration. The Bounds co-integration analysis and Autoregressive Distributive Lag (AR...
TABLE OF CONTENTSAPPROVAL IDEDICATION IiACKNOWLEDGEMENT ivLIST OFTABLESLIST OF FIGURES viABSTRACT viuCHAPTER ONE 11.0 Introduction 11.1 Background to the Study 11.2 Problem Statement of the Study 41.3 Purpose of the Study 41.5 Research Questions1.6.0 Scope of the Study1.7 Significance of the Study 61.8 The conceptual framework 61.9. Limitations of the study 7CHAPTERTWO 8LITERATURE REVIEW 82.0 Introduction 82.1.0 Concepts, opinions and ideas from authors 82.1.2 Social - Economic growth 92.2.0 ...
Purpose – The paper was written to highlight the advantages of initiating economic integration among Muslim countries across the globe, drawing special lessons from Europe’s experience; its successful economic integration and challenges which trailed the process. Design/methodology/approach – The methodology is basically descriptive and analytical. Theoretical construct and model on economic integration was developed for adoption by the Muslim countries. The model seeks to enhance th...
The study investigates the relationship between foreign direct investment (FDI) and economic growth in Kenya through comprehensive regression analysis and causality tests. Theoretical literature argues that FDI inflow can transfer great advantages to the host country, however, empirical studies show that the benefits of FDI vary greatly across countries. Kenya has traditionally been one of the largest recipients of FDI in Africa, foreign investors provide intangible assets to support the oper...