Zambia’s economic history has, to some extent, been greatly influenced by the early 1970s energy oil crisis precipitated by the steep adjustment of the international oil prices following the Arab-Israeli war of 1972. Globally, energy is arguably one of the major determinants of economic growth....
Download PDF ↓This study investigated the empirical evidence on the effect of exchange volatility on private capital inflows in Zambia. The investigation used monthly time series data for the period 1992-2012 relating to exchange rate, gross domestic product, foreign direct investment and foreign portfolio...
Download PDF ↓Wagner (1883), predicted that economic growth would be accompanied by an increase in state activity (growth of government Spending). Thus, the causality according to Wagner‟s law is running from economic growth to government spending. This study focuses on how relevant the theory postulated by...