This paper examines the dynamic relationship between education, governance and economic growth in 28 sub-Saharan African (SSA) countries from 2002 to 2018 using the generalized method of moments (GMM) approach. The study first examines the effect of education on economic growth and, thereafter,...

Purpose: This paper aims to examine the short- and long-run relationship between electricity consumption and economic growth. Design/methodology/approach: The study uses a panel-based autoregressive distributed lag approach to cointegration to investigate this relationship in 12 advanced,...

This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach to examine this linkage. Unlike certain previous...

This study examines the impact of financial liberalization on economic growth, given the discrepancy and the gap in the literature, using a sample of 30 sub-Saharan African (SSA) countries. The study applies a dynamic panel estimation to examine the special role of financial liberalization and...

This paper examines the causal relationship between both bank-based and market-based financial development and investment in Mauritius for the period from 1976 to 2014. The study assumes that investment and financial development have an accelerator-enhancing relationship. To accommodate the...

The role of monetary policy in promoting economic growth remains empirically an open research question. This paper attempts to bridge the knowledge gap by investigating the impact of monetary policy on economic growth in Tanzania during the period from 1975 to 2013, using the autoregressive...

This study complements existing literature by assessing how various types of foreign aid complement each other in boosting inclusive human development in Africa. (a) When 'aid to social infrastructure' is moderated with other aid types, 'action on debts' is substitutive whereas 'aid to the...

This study examines the hypothesis that foreign aid dilutes the positive role of taxation on political governance. The empirical evidence is based on the Generalised Method of Moments and 53 African countries for the period 1996-2010. For more policy options, the dataset is disaggregated into...

This study examines the importance of inclusive human development in promoting education quality in a panel of forty-nine Sub-Saharan African countries for the period 2000-2012. The empirical evidence is based on Ordinary Least Squares (OLS), Fixed Effects (FE) and Quantile Regression (QR)...