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Zambia, like most less developed countries, opted for import substitution industrialization (ISI) as a strategy of economic advancement. The success of ISI performance in Zambia would have resulted in the abundance rather than scarcity of foreign exchange; economic diversification;resolution of...

In a liberalised economy the monetary authority traditionally relies on four instruments with which to control money supply, namely, open market operations, legal minimum reserve requirement changes, discount rat© policy and moral suasion. In this study the effectiveness of traditional...

This study examines the impact of financial development on economic growth process for the period 1964 to 1998. The study explores financial developments in Zambia and the channels of influence by which financial development is related to growth. The study also looks at which financial...

Economic theory states that in situations of few well established enterprises, competition and consumer welfare is usually affected. The reduction in competition among other things results into consumers facing poorer service, and higher prices of goods and services. A number of studies in the...

Trends in public recurrent expenditures in Zambia 1964-82, This research project will examine the main determinants of the ratio and changes in the ratio of public recurrent expenditures to GNP on both the aggregate and disaggrepate functional levels. The hypothesis is that the institutional...