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The inflation-output nexus is one of the most important macroeconomic relationships that has attracted considerable research interest for many years. For most developing countries, monetary authorities strive to achieve price stability. This is done in order to avoid the costs and uncertainties...

The study explored the effectiveness and sustainability of cost sharing policy in Kabwe urban district. The study had three objectives: to examine the effectiveness of cost sharing on the delivery of quality education; to assess different ways of developing quality education and to explore...

This study empirically investigates the effects of real exchange rate volatility on tobacco export growth in Zambia. The study employs annual time series data for the period 1992 to 2014 and uses the Exponential Generalised Autoregressive Conditional Heteroskedasticity (EGARCH) to measure...

Net interest margins (NIM) have been an interesting issue and of great debate. In Zambia, NIM has generally been high thus, having low savings rate and high lending rates. This is not good for the economy because on one hand, it discourages savings thereby, reducing the levels of monies available...

The global rise in wage income inequality has been an important topic in labour economics over the past few decades. Many studies have been undertaken to ascertain the factors affecting wage inequality. However, little research exists for Zambia on this topic in spite of the importance that is...

The aim of the study was to investigate the impact of real exchange rate volatility on Zambia’s agricultural exports in an export demand framework this includes relative prices which are a measure of competitiveness and foreign incomes capturing foreign economic activity between 1991 and 2011.The...

This paper examines the relationship between market structure, conduct, performance (SCP) in the insurance industry specifically focusing on general and long term insurance by employing a simultaneous equations framework. The empirical analysis was based on quarterly data gathered on fifteen...

The Zambian economy has been grappling with Balance of Payment (BoP) problems since the mid-1970s. This led the country to resort to seeking support from multilateral institutions and subsequently, the adoption of the IMF’s structural adjustment programmes as a solution. The Monetary Approach to...

Economic theory on trade flows postulates that depreciation does not guarantee an automatic improvement of the Balance of Payment (BoP) unless the Marshall-Lerner (M-L) condition is fulfilled. In this regard, most Sub-Saharan African countries (including Zambia) are still grappling with the...

The aim of this study was to investigate the causal relationship among financial development, trade openness, and economic growth in Zambia from 1965 to 2011. To fully understand this relationship, two measures of financial development were used: broad money and domestic credit to the private...