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The importance of quality and efficient education sector has attracted a lot of attention both in terms of academic work and political commitment in developed countries. In contrast, there has been little work done concerning efficiency of the education sector carried out in African countries....

While Zambia remains steep in poverty, it is also simultaneously witnessing a large outflow of domestic capital which if, retained and returned would assist in boosting financial resources utilization and improve in social-economical developmental programmes. Capital flight from Zambia was $16...

Trade balance is one of the main factors affecting the balance of payments position. This study examined the relationship between exchange rate and trade balance in Zambia, both in the short run and long run using quarterly data from 1998:1 to 2009:4. The study investigated how trade balance...

There has been a lot of emphasis in Zambia on FDI in the last two decades culminating in a steady increase in FDI flows from about US$200 million in 1990 to about US$920 million in 2008. On the other hand, domestic private investment, as a percentage of GDP has generally been low and has shown...

Financial intermediation is essential for economic development. The consensus is that Zambia needs a stable and efficient banking system in order to finance both private and public investment and expenditures. The effectiveness of the banking system in channelling funds from surplus to deficit...