Effects of different levels of education and government spending on economic growth
- Authors: Malangeni, Luxolo Mihle
- Date: 2021-04
- Subjects: Southern African Development Community , Economic development -- Africa , Economics -- Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51842 , vital:43377
- Description: This study investigates the impact of the level of education and education spending on economic growth in the Southern African development community (SADC) using annual panel data from 1995 to 2017 using the FMOSLS and DOLS cointegration estimators. Three levels of education are identified in study (primary, secondary and tertiary). Moreover, we create an index of government spending on education corresponding to these three levels of education. The empirical results suggest that there is a positive long-term relationship between secondary education and economic growth but not for other levels of education. Moreover, it is found that only government spending at primary and secondary education contribute to economic growth. The causality analysis for confirm that only secondary education affects economic growth and is affected by government spending on education. Policy implications of the study are discussed. Government should be careful in managing the public spending on education in a way to increase the skilled labor. Education Policies must be drive based on principle. Professional schools must be first priority in education policies in the region. Government should direct the public expenditures on education towards productive sectors that will contribute in improving the standard of living contributing so on economic growth. , Thesis (MCom) -- Faculty of Business and Economic Sciences, Economics, 2021
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- Date Issued: 2021-04
Convergence effects of African GDP with the rest of the world: Analysis the African continental free trade agreement
- Authors: Matonana, Phumelela Ntombiyesibini
- Date: 2020
- Subjects: Gross domestic product -- Africa -- Statistics , Economic development -- Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/50306 , vital:42102
- Description: This study is an investigation of the convergence hypothesis in African countries motivated by the increasing interest to measure disparities in the establishment of an economic union. The objective of this study is to provide an analysis of convergence in Africa by looking at the African Continental Free Trade Agreement (AfCFTA) against 6 of its top trading partner groups. This study seeks to establish whether Africa and African countries who belong to the AfCFTA catchup to the growth rates of their more developed trading partners. The data sample spans from 1971- 2018. The method of analysis employed in this study is a unit root testing procedure using the linear ADF and nonlinear KSS unit root tests, the HEGY and Canova and Hansen seasonal unit root tests, the Lee and Strazicich structural break test, and the Flexible Fourier Function (FFF) and Fractional Frequency Flexible Fourier Function (FFFFF) unit root tests to account for smooth structural breaks. This study is, as we have reviewed, the first to investigate convergence in the newly established economic union and the first employ the above-mentioned series of unit root tests. The empirical outcomes in this study point towards weak evidence of convergence between Africa and international trade groups when considering the more robust Fourier-based unit root tests. Therefore, we conclude that Africa does not necessarily exhibit catch up effects with a majority of its trading partners.
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- Date Issued: 2020
The interrelationships between foreign direct investment and economic growth in Africa
- Authors: Bolani, Lindelwa Mandisa
- Date: 2015
- Subjects: Investments, Foreign -- Africa , Economic development -- Africa , Africa -- Economic conditions -- 1960- , Africa -- Foreign economic relations , Gross domestic product -- Africa
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:1123 , http://hdl.handle.net/10962/d1019885
- Description: There has been a long search for the keys to development and economic growth in Africa. This study investigates the relationship between FDI and economic growth over the period 2000-2012 using data from 48 African countries. On the aggregate regional level FDI and economic growth were found to be positively correlated during this period. Using panel data econometric techniques and the Panel Granger Causality test, results revealed that a bi-directional causality relationship existed between FDI and GDP. Thus, the results suggest that GDP is a requirement for increased investment, and at the same time is the result of increased foreign investment. Thus, the conclusion is that African policy makers are justified in increasing their attempts to create an attractive business environment for foreign investors, as it is beneficial for economic growth.
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- Date Issued: 2015
The politics in and around governance in the New Partnership for Africa's Development
- Authors: Roussel, Jean Thierry Kevin
- Date: 2006
- Subjects: New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions , Africa -- Politics and government
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2827 , http://hdl.handle.net/10962/d1003037 , New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions , Africa -- Politics and government
- Description: This study examines the prominence of the term governance and its use in multilateral organisations, in particular the New Partnership for African Development. It argues that the term governance is contentious and needs to be reviewed. This is in light of the elevation of governance as a requisite for development, which has come about through the development of NEPAD. This is primarily a study on the position of the state in multilateral regimes and how governance will affect the state and non-state actors. The politics in and around governance are therefore important in any assessment of African development as governance becomes a developmental necessity. The African Rennaisance and African Union have become ‘beacons of hope’ for Africa and these have been discussed here. We can see NEPAD as a historical development that fits into the African Renaissance. This has been a mechanism to ensure state survival and the states that drive NEPAD have played a significant role in providing legitimacy to Africa’s calls for development. This thesis attempts to explain the shift in developmental policy in that NEPAD has seemingly become the first African development strategy that has the support of the West. Through this thesis, we will examine the role that the Post Washington consensus has played in getting this phase of African development started. What becomes significant here is the way in which governance has been accepted as the gauge for support in development. This study therefore aims to offer a means by which to analyse governance in multilateral organisations. As the term is contentious, three paradigms on governance will be provided in order to refine governance in such a way that it can be applied in analysis. This thesis shows that governance can be refined into corporatist, prebendal and conciliar forms. The form of governance that NEPAD will take has implications for the type of reconfiguration of the state brought about by governance.
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- Date Issued: 2006
Conceptualizing and implementing the meaning of Africa's new partnership with the industrialized north : implications and possibilities for the renaissance
- Authors: Somhlaba, Zamokwakhe Ludidi
- Date: 2005
- Subjects: New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions -- 1960-
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:2841 , http://hdl.handle.net/10962/d1004655 , New Partnership for Africa's Development , Sustainable development -- Africa , Economic development -- Africa , Africa -- Foreign economic relations , Africa -- Economic conditions -- 1960-
- Description: This study is a contribution to the on-going debate about the path that Africa has taken in realising the vision of its renewal. The central theme of the study is the idea of Africa's 'new partnership' with the industrialised North, which is envisaged under the New Partnership for Africa's Development (NEPAD). Acknowledging that asymmetrical partnerships have existed between Africa and the North, particularly in the last century, the question this study poses is: to what extent does the idea of the 'new partnership' represent something new? The study argues two points. Firstly, it argues that the idea of the new partnership has become a terrain of contestation between the Africanist and the post-modernist social forces. Secondly, the study argues that it is unlikely that conceptualising the idea of the new partnership in post-modernist terms will result in sustainable development and rebirth of Africa. That is particularly the case, because post-modernity suggests a certain degree of loyalty to the prevailing and asymmetrical global order. Against this background, the study concludes that the extent to which Africa will enjoy the benefits of a truly revised partnership with the North, and thus fulfil the vision of its rebirth, will be determined, by and large, by the modalities of accommodation and struggle between these social forces.
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- Date Issued: 2005