Noble International Journal of Economics and Financial Research


Online ISSN: 2519-9730 | Print ISSN: 2523-0565

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    Volume 5 Number 2 February 2020

THE IMPACT OF CORRUPTION ON FINANCIAL DEVELOPMENT IN AFRICA

Pages: 32-39
Authors: Abdelbagi Edrees Saied*, Mofidh Mohamed Awad-Allah
Abstract
This study examines the impact of corruption on financial development in 50 African countries during the period 2000 – 2014. The study uses dynamic system GMM estimator because it take care the endogeneity and country-specific-effect problems that may arise in panel data estimation. The results show that control of corruption, bank branches, human capital are highly determine financial development in Africa. The results provide empirical evidence for African policy-makers to introduce polices that aim to lower and to control corruption and to cover large areas by commercial bank branches in addition to invest more in the education of human capital.

WILL PUBLIC EXTERNAL DEBT AND PRIVATE INVESTMENT SUSTAIN AGRICULTURAL GROWTH IN NIGERIA? A MONTE CARLO SIMULATION APPROACH

Pages: 24-31
Authors: Ukpe, Udeme Henrietta*, Djomo, Choumbou Raoul Fani, Filli, Fave Bulus, Osayi, Chinwe Prisca
Abstract
The recent debate of research is the conflicting view with respect to public debt and empowerment of private sector as a driving force for the sustainability of the economy. Therefore this study was undertaken to evaluate the extent to which changes in public external debt and changes in private investment affect the agricultural growth. The result of the study showed that by increasing public external debt and decreasing domestic private investment the simulated data was higher compared to the baseline result implying that it supports the Keynesian view. By decreasing public external debt and increasing domestic private investment, the scenario simulated data, for agricultural growth were lower compared to the baseline implying that private investment alone cannot sustain agricultural growth in Nigeria. It was therefore recommended that specialized development agencies should be set up with the aim of implementing and evaluating government policies on foreign external debt and domestic private investment.

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