ABSTRACT The study examines the burdens and outcomes that elections impose on Sub-Saharan African (SSA) countries. Conspicuously missing in the literature is the extent to which the level of development and literacy moderate the effect of election on government expenditure; and complexity of ballot paper and marginality on the proportion of invalid vote in SSA. Using macrodata from the World Bank and other sources, the study employed the System Generalised Method of Moment (GMM), Fixed Effect...
This research investigates empirically the relationship between government deficit and inflation in Nigeria. The study aimes at determining the nature of causality between deficit and inflation; the dynamics of inflation; and the role of deficit in the process of inflation, among others. Both descriptive and analytical techniques have been used to carry out the study. Specifically, ratios, charts, growth rates and a macro econometric model have been used to analyse relevant statistics....
Abstract The study explored the relationship between foreign direct investment (FDI) and several covariates including external debt, GDP per capita income, and gross fixed capital formation, for Ghana from 1980 to 2013. It was conducted following Ghana’s bail out by the International Monetary Fund (IMF) to stabilise the Ghanaian currency (the Cedi) as debt levels soared and the Cedi depreciated precipitously against the Dollar. The primary research question that precipitated the study was: ...
Abstract After metamorphosing into a lower middle income country, Ghana needs to transform and diversify its economy if it is to consolidate its lower middle income status, reach upper middle income status and drag more of its people out of poverty. Pertinent questions that remain unanswered include: what are the principal self-imposed problems Ghana needs to resolve; what are the institutional changes Ghana needs to make to transform and diversify its economy and what lessons can Ghana glean...
ABSTRACT The incidence of cross-country per capita income convergence has been debated for long by economists; all in the attempt to either validate or reject the per capita income convergence hypothesis as predicted by the Human capital - augmented Solow model (HC-ASM). However, researchers seem to have given little attention to the Economic Community of West African State (ECOWAS) region in this ongoing discourse despite the wide per capita income disparity gap in the region. Using panel da...
ABSTRACT Nations continue to explore ways and means of increasing and optimising their export flows with other nations across the world. Eliminating supply-side constraints in the export industry is a way to maintain and promote international demand for a country’s exports. To achieve this goal, it is important for every country to be fully aware of its export potential and gaps as well as the inefficiencies that confront their exports. In this regard, the study employed the stochastic fron...
ABSTRACT The role of macroeconomics on firm performance has attracted attention of economists for decades due to the complexity in formulating corporate policies in achieving success among many organizations. This study aims to examine the relationship between macroeconomics and performance of firms listed on the Ghana Stock Exchange (GSE). Following literature, ROE and ROA were selected as proxy for firm performance and suggested independent variables included were growth in the sales of the...
ABSTRACT Getting monetary policy right is crucial to the health of any economy (Mishkin, 2004). While the current policy regime is expected to have better control at inflation, certain issues have cast doubt on the effectiveness of the policy regime. As a result, monetary aggregate targeting has surfaced and a commitment has been made to incorporating this in the current policy framework. This has raised the importance of the demand for money function for Ghana again. The study estimates a lo...
Abstract The importance of trade to economies cannot be overemphasized, albeit the associated environmental implications. East Asia houses the largest greenhouse emitting country in the world whiles Africa’s economy is highly dependent on trade but literature in these two regions is lacking. To examine the environmental effect of trade for these two regions, this current study employed the Generalized Method of Moments on a panel of forty-seven SSA countries and seven emission of carbon dio...
ABSTRACT Many economies in Sub-Saharan Africa have been experiencing high external debt stocks over the past three or so decades, thereby deepening the problem of debt burden in the Region. Growth performance, however, remains relatively moderate over the years. The relationship between economic growth and external debt as espoused in theoretical and empirical literature remains unclear. Whilst a school of thought postulate that external debt supplements savings and investment, and hence prom...
ABSTRACT The purposeofthisstudyistoexaminetheeffectofsectoralForeignDirectInvestment oneconomicgrowthinNigeriamakinguseoftimeseriesdatafortheperiod1981-2018. An Auto-regressive Distributed Lag (ARDL) technique (with emphasis on short run estimates)isusedtoexaminetherelationshipforseriesthatareI(0)andI(1).Thestudy considers five FDI sectors which include: Telecommunication infrastructures, oil, Agriculture,Manufacturing,Services andotherinfrastructuressectorsasitsvariables rep...
ABSTRACT This paper examines the determinants of economically active children between the ages of 5-14-years in Ghana using data from the 2012/2013 Ghana Living Standards Survey. Moreover, the effect of early work experiences on the welfare of an individual who worked as a child is explored in terms of the income and the highest educational attainment of the individual at adulthood. Using a probit model the paper finds out that variables such as mother’s presence in the household, child’s...
ABSTRACT Available literature shows that the practice of child fostering facilitates social mobility, copes with economic shock faced by the biological home, satisfies the labour needs of the host household and strengthens kinship ties especially between rural and urban households. However, various studies conducted by earlier authors did not consider the effect of child fostering on education expenditure. Thus, this study primarily accounts for the effect of child fostering on education expe...
“ABSTRACT This study examines the factors that determine the level of per capita health expenditure in sub Saharan Africa. Using data from 2001 to 2014 and a sample of 20 countries, we test the effects of various demographic and macroeconomic variables on health expenditure per capita. The model was estimated using the Panel Fixed and Random Effects Model as well as the panel Dynamic Ordinary Least Squares (DOLS) estimation technique proposed by Phillips and Loretan (1991) to generate both ...
ABSTRACT This study was undertaken mainly to test the hypothesis that the employer-employee match is improved when workers resort to informal contacts in the job search process. Empirical literature on the impact of the latter search medium on tenure though limited concludes that jobs obtained through the help of a worker’s friends and relatives last longer. Findings from this study are however at variant with this strand of economic literature. The study which used a sample of 150 formal s...