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The growth of economies has historically been coupled with structural change. However, despite countries seemingly undergoing diverse structural changes, there is a disparity in how this translates to economic growth. Zambia is one among many African countries which has not experienced sustained...

In a bid to construct a decision-making model to remedy the contradictions encountered in lending decisions, the study explored the dysfunctionality caused by risk-return and loans default considerations in lending decisions. Whence Financial Services, a microfinance institution was selected as a...

The aim of this research was to investigate the effect of defence expenditure on economic growth as measured by real gross domestic product (GDP) in the presence of investment proxied by gross fixed capital investment, unemployment, lending rate, inflation proxied by consumer price index and...

Stock market plays an integral role in economic development in every economy and as such performance of stock markets remains critical in every country. Equity prices are among the key stock market performance indicators that are closely monitored by economic agents and authorities because of...

According to Ali (2014), capital markets, across the globe, channel funds from savers to firms, which use the funds to finance projects. Efficient capital markets, therefore, make it easier for firms to raise capital because the markets determine the prices at which existing and potential...

The study established the scope of enhancing bank efficiency through dynamic capabilities in the Zimbabwe dollarized environment in the light of possible idiosyncratic and environmental challenges. The findings reveal that structural constraints in the Zimbabwe dollarized operating landscape,...

This study empirically investigated the impact of currency depreciation on economic growth in Zambia using the Johansen cointegration technique in a bivariate specification. The study used annual time-series data over the period 1985-2016. Gross domestic product (GDP) was used as a proxy for...

The current study investigates bank employee’s perceptions of the importance of the determinants of non-performing loan (NPL) in Zambia’s banking sector. The espoused critical factors in the study were identified based on theories such as the Theory of Asymmetric Information, Deflation Theory and...

There has been controversy amongst economists regarding the nature of the relationship between trade openness and economic growth. The standard neoclassical model of exogenous growth postulates that changes in trade openness can only affect the pattern of product specialization but not the long...

Purpose - The purpose of the study is to evaluate the effectiveness of the Bank of Zambia Monetary Policy from1996 to 2016. The study was done broadly on the Bank of Zambia, which is the central Bank of Zambia. Research design and methodology - The study was steered by the epistemological method...