This study examines the impact of income taxation (corporate income tax, extractive royalty tax, and pay-as-you-earn) on economic growth in Zambia over the period 1995 to 2015. The study applied a vector error correction model (VECM). The study found that corporate income and pay-as-you earn...
Despite sustained economic growth in the Zambian economy as shown by real Gross Domestic Product (GDP) growth of more than 5 per cent in recent years, the majority of Zambians continue to live in poverty. This paper assesses the link between public expenditure and human development in Zambia by...
Download PDF ↓The study on the relationship between economic growth and inflation has attracted attention world over by researchers and policy makers. A high and sustained economic growth with low and stable inflation is the central objective of most policy makers. However, previous studies on the relationship...
Download PDF ↓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...
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