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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...

Debt overhang theory suggests that debt has a Laffer curve type of relationship with economic growth. This implies that there is a threshold value of debt, beyond which, debt accumulation will negatively affect economic growth. This paper sought to contribute to existing literature by...

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...

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...

This study investigates the factors that affect coffee exports in Zambia. A regression model is postulated based on international trade theory and estimated using SPSS. Given that there was no serious deviation from the Classical Linear Regression Model (CLRM), Ordinary Least Squares (OLS) was...

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...