Using the forecast error variance decomposition (FEVD) of the VAR model, this study critically examined the transmission of shocks among private savings, private investment and economic growth in Nigeria. Annual time series data from 1970-2012 were employed in the analysis. The Johansen...

It is well-acknowledged that many African economies perform well below their potential, yet there is little knowledge about the distance of these economies from their productivity frontiers. This study examines the technical efficiency of 43 African countries using the non-parametric DEA...

Over the last three decades or so, there has been a considerable debate on factors that explaining economic growth in Sub-Saharan African (SSA) countries. The conventional determinants of economic growth, such as, economic policies, investment in human capital and foreign flow of private capital...

Policymakers in Nigeria are aware of the importance of sustained economic growth as a macroeconomic policy. The paper is aimed at examining the effects of stabilisation policy instruments on economic growth. We used modern econometric techniques and the empirical results based on annual data...

In this study, we explore the contribution from sectoral share towards per worker income in the Sub-Saharan Africa (SSA) region over the years, 1980 to 2009. Within the last three decades, agriculture and services did not contribute positively towards growth in per worker income. Manufacturing...

Several studies examine the UNDP's 1996 hypothesis regarding the existence of a two-way relationship between economic growth and human development. This implies that improving human development could enhance economic growth opportunities and vice versa. Using Sudan time series data (1960-2012),...

The study analysed the effect of institution on resource curse abundance-economic growth nexus using the system generalised method of moments. The empirical results refute the resource curse hypothesis in Africa. In addition, institutions have dampening effect on the nexus. This stems from the...

There is some consensus that if firms are to adopt a sustainable culture and achieve economic growth, they need to look at sustainability beyond its 'green' roots which are also supported by the economic, social and cultural performance of business. The purpose of this paper is to assess the...

Growth and development aid have proved to be insufficient for alleviating rural poverty in Africa. Thus, efforts should be directed toward enhancing the capacities of rural households to efficiently utilise their productive assets, human capital and land in order to alleviate poverty. This paper...

The study tries to shed light on the question of why the economic development of Malaysia, United Arab Emirates (UAE) and Egypt had different success rates during the period from 1971 and 2009. The three countries are moderate Islamic countries and had started their economic development about...