MONETARY POLICY DYNAMICS AND THE ECONOMIC GROWTH OF THE SUB SAHARA AFRICA (SSA)
Journal Title: Journal of Entrepreneurship, Business and Economics - Year 2018, Vol 6, Issue 1
Abstract
The study investigated the effects of monetary policy dynamics on the economic growth of the SSA using data from thirty seven Sub Saharan African Countries. Dynamic panel data technique is used to estimate the model which described the relationship between SSA economic growth and monetary policy variables. However, macroeconomic variables such as exchange rate, inflation rate among others are included in the estimated dynamic panel model. The results show that the monetary policy rates failed to lead to sustainable growth in the SSA because of the limited effects it has in boosting domestic output. This reason is evident in the fact that the expected effect of expansionary monetary policy is limited due to weak financial deepening that is rampant in many Sub Saharan African Countries. Monetary policy approach that will not only be expansionary but exert required financial deepening that will have significant effect on the real domestic activities in the SSA should be encouraged.
Authors and Affiliations
Adeleke Omolade, Obi Maureen Mukolu
Keywords
Related Articles
- EP ID EP40743
- DOI -
- Views 356
- Downloads 0
DETERMINANTS OF HALAL COSMETICS PURCHASE INTENTION ON INDONESIAN FEMALE MUSLIM CUSTOMER
The purpose of this research was to analyze partially the influence of attitude, subjective norm, perceived behavioral control, and knowledge towards customer purchase intention. Data were collected through a questionna...
FIRM INVESTMENT BEHAVIOR IN KENYA
To promote growth manufacturing industry in Kenya, the government must address various challenges that include low level of investment. But this first require that the policy makers to have understanding of firm‟s invest...
IDENTIFICATION AND ANALYSIS OF ENTREPRENEURIAL STRATEGIES PRESERVING SCHUMPETERIAN RENT
Purpose- As any increase in the price of resources and any imitation by competitors decrease entrepreneurial rent, the entrepreneurs should use some kind of strategies to preserve this rent. We used resource based view...
“LIFT THE VEIL TO SELL” CONCEPT TO VISUAL MERCHANDISING: CASE OF A SUPERMARKET
As the current political scenario is different and new rules are coming for FDI in India, in either case the retailers have to realign their USP and make strategies to meet the current customer requirements. In the list...
ASSOCIATION OF TOTAL SHAREHOLDER RETURN WITH OTHER VALUE BASED MEASURES OF FINANCIAL PERFORMANCE: EVIDENCE FROM INDIAN BANKING SECTOR
Purpose- The purpose of this paper is to examine the relationship between total shareholder return (TSR) and other value based measures like created shareholder value (CSV), market value added (MVA), and economic profi...