Abstract Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have...
Inclusive financial systems in any economy cannot be ignored. In fact, it has become a policystrategy in many governments around the world, including East Africa region economies – Kenya,Uganda and Tanzania. Using panel data, this study presents a cross country analysis of thevariables that determine financial inclusion levels with a key focus on economic growth throughdemand leading hypothesis. The study sought to test if economic expansion matters in financialinclusion in East Africa for ...
Background of the Study In the recent year the relationship between money supply and economic growth has been receiving increasing attention than any subject matter in the field of monetary economics. Economists differ on the impact of money supply on economic growth, while some agreed that variations in the quantity of money is the most important determinant of economic growth and that countries that devote more time to studying the behavior of aggregate money supply experiences much variati...
ABSTRACT The study of democracy and economic growth is a growing research area both in economics and political economy all over the globe. This study primarily examines the empirical relationship between democracy and economic growth in Ghana using time series data from 1971-2009. It specifically explores the short-run and long-run relationship between democracy and economic growth as well as the direction of causality between them. The research further seek to find the extent to which tax re...
The East African Community members' strategy is focused on achieving smart, sustainable, and inclusive economic growth. This cannot be achieved without the major contribution of skills, knowledge, and innovation, commonly known as human capital formation. It is difficult to believe that these goals could be realized without a good education and training system, training development, better health sector infrastructure, a large diffusion of knowledge in the manufacturing and service sector, an...
ABSTRACT Kenya has witnessed increased financial integration following capital liberalization in the late 1980s which led to increased foreign private capital flows. Financial integration is considered to complement domestic investment, enhance economic growth and reduce macroeconomic volatility by promoting credit and risk diversification. However, private capital can enhance macroeconomic volatility by exposing domestic market to external volatility. Despite Kenya experiencing increased fi...
ABSTRACT Establishing the relationship between population growth and economic growth has become fundamental to the policy makers in developing countries and Ghana in particular. However, there has been no agreement whether population growth is beneficial or detrimental to economic growth. This study therefore examines the empirical relationship between population growth and economic growth in Ghana using time series data from 1980-2013. It specifically explores the short-run and long-r...
ABSTRACT The economic growth and taxes are very important aspects in the development of any economy. This research analyses the tax rate that optimize economic growth in Kenya. The specific objectives of the study were to: To establish the effect of tax rate on economic growth in Kenya and to determine the tax rate that maximizes economic growth. This study adopts the Scully model and a balanced budget approach that is revenue being equal to expenditure using time series data from the period...
ABSTRACT It has long been argued that a country cannot develop without government. However, researchers have diverse opinions with regards to the impact of government size on economic growth. Whiles some researchers (Ahuja, 2013; Zareen & Qayyum, 2014) argue that large government size is most likely to enhance economic growth, other researchers (Armey, 1995; Vedder & Gallaway, 1998) believe that higher government expenditure has a tendency to harm economic growth. The third group of researche...
ABSTRACT The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while broad money supply, real exchange rate, and real interest rate are the regressors. Data was collected from CBN statistical Bulletin for the period 1981 – 2010. The statistical techniques used for the analysis is the ordinary least square techniques with the aid of Stata 10 software package. The research indicates that real ...
ABSTRACT The study investigates the impact of government expenditure on economic growth of Nigeria from the period 1980-2011. The objective was set to address the problem of utilization of revenue targeted to improving the economic condition of Nigeria. The review of theoretical and empirical literature provided a basis for the selection and specification of model which was used to show if government capital and recurrent expenditure has positive or negative impact on economic growth. The dat...
BACKGROUND TO THE STUDY Economic growth refers to increase in a country’s Gross Domestic Product, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy to achieve accelerated economic growth. Tanzi (1994) observes that fiscal policy applies to the use of fiscal instruments (taxation and spending) to influence the working of the economic syste...
ABSTRACTMost developing nations define industrialization as a central objective of their economic policy they see; industrialization goes with agricultural progress as an integral part of growth and structural change. Some economist and analysts are of the view that industrialization plays a major role in the economic growth and development of any nation.Thus in this research work, effort is made to assess the impact of industrialization on economic growth of Nigeria. Before colonial rule in ...
Abstract West African countries are wealthy countries with abundance of both human and natural resources. Some of its member countries are leading member of the OPEC countries. Surprisingly poverty in West African countries is at an alarming rate. Most of its countries are categorized as underdeveloped countries with highest rate of corruption in the world. It is characterized by very weak economies and very low growth rates. There is prevalence of abject poverty as a result of poor economic...
ABSTRACT Most developing nations have embarked on various reforms that foster the use of telecommunications in their economies. The reforms tend to yield little or minimal benefits to economic growth and development, especially when compared with developed countries of the world. Technological advancement is known for its fast rate of economic development. In Nigeria, policy on the adoption of information and communication technologies was initiated in 1999, when the civilian regime came into...