Search

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...

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...

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...

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...

This study has analysed the impact of increasing public debt on Zambia‟s economic growth covering the period 1980 to 2008. For policy implication, the study also analysed the channels through which public debt is said to have an impact on economic growth namely through private investments, public...

For a very long time, the history of banks in Zambia was that of firm, stable and reliable institutions. The events of the past ten years have however sadly changed this picture. Depositors no longer have the confidence and guaranteed security over their investments. The reputation and image of...

This study investigated the impact of public investment on private investment and real output in Zambia, utilising time series data for the period 1980-2008. A Cointergrated Vector Autoregressive Model (VAR) was employed. Based on the existence of a long run Cointergrating relationship, the short...

Despite the introduction of taxation into Zambia‟s largest employer- the informal economy- the contributions of these taxes to domestic revenues have been insignificant since their inception in 2004. This poor performance has led civil society organisations and even Government to call for more...