ABSTRACT This study analyzes the impact of foreign direct investment (FDI) on economic growth in East and Central Africa between 2000 and 2015. A sample of 24 countries made up of 16 from East Africa and 8 from Central Africa were considered. Data was obtained from World Bank Development Indicators and World Governing Indicators. I employed the pooled Ordinary Least Square (OLS) regression and panel data econometric techniques for the estimations and the findings revealed that FDI positively ...
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...
ABSTRACT The main purpose of the study was to develop a systematic approach for analyzing food and nutrition problems in Nigeria with a view to providing a suitable framework of public sector policies
ABSTRACT The primary objective of the study is to assess the effectiveness of the monetary policy rate and the transmission mechanism under the current inflation targeting regime in Ghana. This study shows, in particular, the importance of fiscal dominance on the effectiveness of monetary policy and the role of the four transmission variables in explaining inflation in Ghana. We trace out the eventual effect of the policy rate on the economy; assess the role of the four transmission varia...
ABSTRACT The primary quest of governments, development partners (multilaterals and well-meaning civil societies) and Non-Governmental Organizations to end all forms of poverty and ensure dignified life for all under the UN declarations (MDGs and now SGDs) remains a prime policy target for all development stakeholders especially those in developing countries. The link between education, poverty reduction, healthy living and economic growth has been extensively studied in the literature. Publi...
ABSTRACT This research work examined the impact of commercial bank credit (CBC) on Non-oil export trade in Nigeria. Four variables were used in the study. This study adopted the econometric time series analysis from 1992-2015 and the data were sourced from Central Bank of Nigeria statistical bulletin. The empirical analysis that were carried out to achieve the objectives include unit root, co-integration, the long run regression model and short run error correction model. The Augmented Dicke...
ABSTRACT Exchangerate isthe priceofonecurrency intermsofanothercurrency. Exchange ratesthisexchangerateisalsoused todeterminethe level ofoutputgrowth ofthe country.Overtheyears,Nigeriahasadoptedvariousexchange rateregimeranging researchworkiscenteredonthe impactof exchangerate ontheNigeria economic growthwith specialemphasisonthe purchasingpower oftheaverageNigeriaand the level of international trade transaction. Todo this, the classical linear regressionmodelisappliedandt...
ABSTRACT The relationship between interest rate and domestic investment has attracted the attention of economists and other economic experts. This study carried out an empirical analysis of the impact of interest rate on domestic investment in Nigeria covering the period 1980-2016. Data for the research was extracted from the central bank of Nigeria statistical bulletin. The methodology adopted in the research is the multiple linear regression with the application of Ordinary least Squares (...
ABSTRACT Exchangerate isthe priceofonecurrency intermsofanothercurrency. Exchange ratesthisexchangerateisalsoused todeterminethe level ofoutputgrowth ofthe country.Overtheyears,Nigeriahasadoptedvariousexchange rateregimeranging researchworkiscenteredonthe impactof exchangerate ontheNigeria economic growthwith specialemphasisonthe purchasingpower oftheaverageNigeriaand the level of international trade transaction. Todo this, the classical linear regressionmodelisappliedandt...
ABSTRACT This study investigates the responses of private sector credit (PSC), output (RGDP) and prices (CPI) to monetary policy shocks in Ghana. The study adopted the technique of Vector Autoregression (VAR) using monthly data from 1990 to 2015. A base VAR was first estimated which comprised of RGDP, CPI, PSC and 91-day Treasury bill rate. Shocks to the Treasury bill rate were identified as monetary policy shocks. The base VAR was then extended to include money supply, exchange rate and pr...
ABSTRACT This thesis focuses on the effect of education on an individual‟s earnings in Ghana. The Mincer (1974) earnings equation is used in examining the relationship between different educational levels and their effect on earnings in Ghana. The study found that there are positive returns to education in Ghana and as such the earnings of an individual rise as a result of additional years of schooling. The findings of the study was confirmed by a cited research by Palmer (2006), noting th...
ABSTRACT This study investigates the effect of economic growth and international trade openness on carbon dioxide (CO2), methane (CH4), nitrogen oxide (N2O) and the fluorinated gases (F-gases) emissions. It also examines whether the trade-induced emissions originate from countries‟ relative factor endowment or/and environmental regulations using panel data for 18 African countries, spanning from 1990 to 2014 and the Generalized Method of Moment (GMM) estimation technique. The results indic...
ABSTRACT Wages and earnings have been a constant source of interest to labour economists. This study investigates the influence of non-pecuniary factors like personality traits, prestige, education, parents among others on occupational choice using primary data collected from a survey of 150 purposive sampled professionals in the entertainment and sports industry in Ghana. A multinomial logit (MNL) analysis was conducted to examine the significance and marginal effects of these non-pecuniary...
ABSTRACT Most of the studies relating banking activities and macroeconomic behavior of many nations focused on the effect of macroeconomic instability on banking sectors. This study rather examines the impact of banking instability on the Nigerian economy. Annual data were used ranging from 1980 to 2011 drawn from various data publication issues domestically and those outside the country. Variables taken into consideration in the course of analysis are those proxies to the banking instabilit...
ABSTRACT Over the last three decades Agriculture has gained enormous success in reducing poverty on a global scale. In Africa, much of the impetus behind the large and increasing support from governments, NGOs and benevolent agencies for the Agricultural sector including the Shea industry, hinge on the assumption that its economic and social impact are momentous and influential in alleviating poverty among the unskilled labour force most especially among the rural folks and its contribution ...