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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...

The study sought to understand the effect on Zambia’s metal export performance of the geographical patterns of these exports. Particular focus was given to the role of China as an anchor of the destination network in terms of external demand shocks. The dimensions considered were the effect of...

Empirical and theoretical literature reveals that inflation is not only a monetary phenomenon. Budget deficits may be inflationary or not depending on the state of different transmission mechanisms which include the mode of financing budget deficits, institutional arrangements, the dominant...