Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009

JEIF Articles in press

Article in Press

Assessment of the relationship between leverage and performance: an empirical study of unlisted banks in Ghana

This study contrasts empirical studies which had focused on listed bank at the detriment of unlisted banks. In other to enhance public confidence in the banking sector and ensure financial inclusion, this study examined the relationship between leverage and performance of unlisted banks in Ghana. This study examined the relationship between leverage, other moderating variables and bank performance by collecting data from...

Author(s):Samuel Gameli Gadzo and Samuel Asimah

Article in Press

An Empirical Test of the Agency Theory in Corporate Governance of SACCOs in Uganda

In a corporation, management is employed by owners for specified functions from which utility of owners and management is to be derived. While executing their roles and obligations, management may consider fulfilling their interests at the expense of owners’ interests and vice versa. This results into agency problems. This study tests the relevance of the agency theory and examines whether existing governance mechanisms...

Author(s):Kibs Boaz Muhanguzi

Article in Press

Determinants of Tax Revenue in East African Countries: An Application of Multivariate Panel Data Cointegration Analysis

Domestic revenue mobilization has received growing attention in recent years as it has crucial national and international dimensions for Sub-Saharan African (SSA) and East African countries. In most countries, tax has not increased with increasing development expenditures. In place, the share of tax revenue to GDP is declining and countries constantly rely on foreign capital inflow as a major source of the government...

Author(s):KITESSA DELESSA TEREFE

Article in Press

The Effect of Real Effective Exchange Rate on Balance of Payments in Ethiopia: A Co-Integrated VAR Approach

This study investigated the relationship between real effective exchange rate and balance of payment in Ethiopia using annual data spanning the period 1976 - 2015. The analysis is based on a cointegrated vector autoregressive approach. The methodology of the study begins with Augmented Dickey-Fuller stationarity tests of the data and the Johansen cointegration rank test that revealed current account, real gross domestic...

Author(s):Teamrat Kahssay, Muhdin Muhammedhussen Batu and Sisay Tola

Article in Press

The impact of trade liberalization on small and meduim scale enterprise growth in Nigeria (1986-2016)

This study examines the impact of trade liberalization on Small and Medium Scale Enterprises (SMEs) growth in Nigeria, as a strategy for the diversification of the economy through trade liberalization especially on the SMEs sector. Data used for this study was sourced from Central Bank of Nigeria (CBN) 2016 statistical bulletin and bureau of statistics from 1986 to 2016. SMEs outputs was used as dependent variable, while...

Author(s):Likita Ogba, Disi Park, Charity Philip Sidi

Article in Press

The Speed of Mean Reversion: Regional Market Study

Volatility is measured as a risk and plays vital role in many financial decisions. The central part of this study is to capture the existence of the volatility in the regional financial markets (Karachi, Bombay, China, Korea and Hong Kong) have been included and the sample of daily stock return from Jan 1,2013 to Dec 31,2017 taken for the testing. The volatility and its stylized facts were under consideration by using...

Author(s):Rizwan Manzoor

Article in Press

Kenya-China Trade Relations: A Nexus of “Trade not Aid” Investment Opportunities for Sustainable Development

Kenya –China trade and investment are at a record high with China’s entry point being heavy infrastructural investments in Kenya. China now controls 66 per cent of Kenya’s bilateral debt. Given the rapid penetration of Chinese manufactured exports to the East African market, prospects for Kenya’s industrialization could be in jeopardy. The flooding of counterfeit products from China into the Kenyan local market reduces the...

Author(s):Prof SIRINGI EM

Article in Press

THE NEXUS BETWEEN STOCK MARKET DEVELOPMENT AND ECONOMIC GROWTH IN ZAMBIA

Stock market activities assume a crucial role in determining the level of economic activities in both developing and developed economies, by effectively facilitating capital for investment, providing a proper stage to incite best corporate practices that will bring about growing investment and hence leading to a rise in the growth rate of the economy. In this regard, this study sought to empirically examine the nexus...

Author(s):Mweembe Muleya Mudenda, Robert Becker Pickson, Wonder Agbenyo

Article in Press

“ACUTE SKILLS DEFICIENCY SYNDROME” AND EMPLOYMENT CREATION IN SUB-SAHARAN AFRICA: THE CASE OF CROSS RIVER STATE, NIGERIA

Since 1999, successive Governments of Cross River State (CRS), Nigeria have successfully transformed the State to a preferred destination for business and leisure. But notwithstanding the impressive macroeconomic performance, youth inactivity has remained very high, and it is believed that Crossriverians suffer from acute skills deficiency syndrome (ASDS), which is not having the required skills to secure good jobs or...

Author(s):Mba Peter

Article in Press

The technical efficiency of Tunisian ports: Comparing data envelopment analysis and stochastic frontier analysis scores

Maritime transportation for Tunisia plays an important role in trade exchange with other countries. Therefore, the objective of this paper is to measure the efficiency scores of 7 seaports in Tunisia by applying the Stochastic Frontier Analysis (SFA) with Cobb-Douglas production function and data envelopment analysis (DEA) with CCR and BCC models. The annual data collected cover the 2003 to 2013 period for each port. Thus,...

Author(s):Rabeb kammoun

Article in Press

Currency portfolio optimization with an innovative covariance matrix estimator (QMLE)

With the advent of high frequency data, the sum of squared returns between trades which is the most common estimator, is biased by microstructure effects like bid-ask bounce thus the need to drop most of the data. Nonetheless, a number of alternative estimators that make efficient use of the available data have been developed. However, choosing an estimator is not trivial since the study of their relative merits focuses on...

Author(s):Rancy Chepchirchir

Article in Press

THE SHORT AND LONGRUN PHILIPS CURVES: WHAT IS KENYA’S NON-ACCELARATION RATE OF UNEMPLOYMENT?

This study estimated the short and longrun Phillips curves for Kenya. The non- accelerating inflation rate of unemployment (NAIRU) was also estimated and the Lucas critique tested to prove whether it is evident in Kenyan data. This study was necessary since the Kenyan rates of inflation and unemployment were both simultaneously high contrary to what Phillips curve theory explains. Using secondary data covering 1977 to...

Author(s):GEORGE KIPNGETICH KOSIMBEI

Article in Press

Monetary policy pass-through in Nigeria: An autoregressive distributed-lag (ARDL) bound testing approach

The paper investigates on the lingering issue of monetary policy transmission from the perspective of Nigeria from 1980 to 2016. Applying a two way techniques of Vector Autoregression and Autoregressive Distributed Lag, we found that jointly considered, monetary policy does not have any long run relationship with economic activity, credit transmission channel is ineffectual in monetary policy transmission in Nigeria, and...

Author(s):Uduak Michael Ekong

Article in Press

The Interest Rate Pass-through in Algeria: An Econometric Study 1990 - 2010

Among the main interests of the monetary policy after the financial liberalization in 1990 is the effectiveness of financial intermediation, since the lack of financial stability systems in countries may raise reasonable concerns about how monetary policy functions. The study of the relationship between the main benefit of the Central Bank and the interest rates of commercial banks, or what we opt for as the concept of...

Author(s):fethi fethi

Article in Press

Financial development and economic growth: A Vector Autoregression Approach

The paper models banking sector liberalisation variables between financial liberalisation and economic growth in Nigeria for the period of 1981 to 2012, based on time series econometrics using granger causality through Vector AutoRegression method. It examines the extent of banking sector liberalisation on growth of the economy using growth in credit to private sector to GDP, growth in demand deposit to narrow money,...

Author(s):Okunoye Ismaila

Article in Press

THE RELATIONSHIP BETWEEN EXTERNAL DEBT AND ECONOMIC GROWTH IN NIGERIA

Every cake has its deforming tendencies and the handling of such matters in maximizing utility. This paper examined the relationship between external debt and economic growth in Nigeria from the period of 1981-2013. The study used both descriptive and econometric tools. The analysis of unit root was performed on each of the variables incorporated in the model specified and the result showed that, all the variables were...

Author(s):Ijirshar Victor Ushahemba

Article in Press

CONTIBUTION OF SMALL AND MEDIUM ENTERPRISES ON WELLBEING CONDITIONS OF HOUSEHOLDS IN RWANDA

Urwibutso enterprise has been taken as a pilot of a study on analysis of the contribution of small and medium enterprise on wellbeing conditions of households in Rwanda. The study covered a period of 2012 to 2015. This paper aims at answering the question on how small and medium enterprise contribute on wellbeing conditions of households. Methods of data collection included questionnaires and interview on 91 personal of...

Author(s):HARELIMANA Jean Bosco

Article in Press

Determinants of the financial performance of private commercial banks in Ethiopia: Bank specific factors analysis

The main purpose of this paper is to investigate the bank specific factors which can affect the financial performance of private commercial banks in Ethiopia. A total of 6 private commercial banks (those having full organized financial data till 2017) were purposefully taken & their audited annual financial reports were analyzed for the period of 2011 to 2017. For this purpose, descriptive statistic, Pearson Correlation...

Author(s):Abdu Mohammed Assfaw

Article in Press

EMPIRICAL ANALYSIS OF THE RICARDIAN EQUIVALENCE HYPOTHESIS IN SUB-SAHARA AFRICAN COUNTRIES: PANEL ARDL APPROACH

The validity of the Ricardian equivalence proposition remains disputed in spite of the numerous empirical work done on it. This study utilised panel ARDL estimation approach to investigate the evidence of Ricardian Equivalence Hypothesis in five Sub-Sahara African countries, namely Botswana, Ghana, Gambia, Nigeria, and Kenya over the period 1981-2014. From the long-run results obtained from the Pooled Mean Group...

Author(s):Robert Becker Pickson

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