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Financial Development, Human Capital, And Economic Growth: A Cross Country Analysis, Keshob Sharma

Masters Theses

Taking a panel of 66 countries and employing panel data methodology, this study examines the impact of financial development, human capital and their interaction on economic growth. This study covers a period of 40 years from 1971 to 2010. To smooth out the short-run fluctuations in the data for my growth study, I take 5-year non-overlapping averages of variables. As a proxy for financial development, I use private credit by deposit money banks or liquid liabilities, as a percent of GDP. In turn, human capital is represented by the percentage of population above 25 years of age with the secondary …

Economic Growth Paradox In Nigeria: A Perspective From Natural Resource Wealth Time Series Analysis For The Period 1980 - 2013, Jamiu Amusa

Masters Theses

This thesis empirically examines the paradox of economic growth in Nigeria with a viewpoint from natural resource wealth. The question involved in this study is that whether natural resource wealth has a positive impact on economic growth in Nigeria or not. The economy of Nigeria is observed to be growing on paper but deplorably, poverty and unemployment is on a progressive increase in reality. The study uses the endogenous growth theory (AK Model) in terms of how resource wealth can influence economic growth. It exploits time series analysis (Unit Root and Co-integration) techniques to test for the existence of a …

An Investigation Of The Nexus Between Poverty And The Informal Sector In Developing Economies: A Case Study Of Nigeria, Omotara Adeeko

Masters Theses

This paper examines the relationship between poverty and the informal sector in Nigeria. In order to achieve this objective both primary and secondary sources of data mostly spanning from 1980 to 2014 are utilized. The methodology follows three stages. First, the Granger causality test is performed to determine the direction of causality. Using that information, a baseline model, along with several variants, is built on the next stage. Lastly, a robustness check is completed to ensure that the results do not exhibit severe spuriousness problems.

Granger causality tests indicate that the informal sector causes poverty. Overall, nine models including some …

Is The Demand For Health Care Income Elastic? The Case Of 40 Sub-Saharan African Countries, Meron Masresha Nadew

Masters Theses

This paper uses panel data (1995 to 2011) from 40 Sub-Sahara African countries to analyze the income elasticity of health care expenditure along with some of the other theoretical determinants. The empirical results of the instrumental variable approach indicate that per capita income is a core and statistically significant determining factor of health expenditure. The value of the elasticity is about 0.48, suggesting that health expenditure as a commodity is a necessity for this region. In simple words, the goal of the system in this region is curative rather than caring. The percentage of population age 65 or older and …

Does Foreign Aid Promote Growth? Evidence From Africa, Mai Abdulaziz Alghamdi

Masters Theses

Taking a panel of 54 African countries and employing pooled, GLS, and panel regression, this study investigates the impact of foreign aid, policies, and their interaction on economic growth. This study covers a period of 35 years from 1980 to 2015. The key variables of this study are aid, measured by the official amount of foreign aid as a percentage of GDP by the recipient countries and policy, measured by an index created using linear estimation of various policy variables associated with political, economic and fiscal freedom; the Sachs-Warner measure of openness and World bank's Country Policy and Institution Assessment …

Evaluating Growth Slowdowns: Does Middle-Income Trap Exist?, Nusrat Farah

Masters Theses

Growth theories suggest that the factors affecting growth at low-income and high-income countries can be different. If countries struggle to graduate to high-income growth strategies, they may find themselves "stuck" at some middle-income level. This phenomenon can be termed as "middle-income trap". Using a panel of 145 countries over a period of 55 years, this study attempts to identify the existence of "middle-income trap" and its determinants. The aim of this study is to inspect whether the countries really get "stuck" at middle-income levels and if so, then pinpoint the factors associated with growth slowdowns. By employing panel probit estimations, …

Dairy, Democracy, & Pr: A Political Economic Analysis Of Associated Milk Producers, Inc. 1988-1989, Anna L. Percival

Masters Theses

This paper, using a political economic approach, explores the communication techniques used during a second-wave of consolidation in the dairy industry in the 1980s. After providing a historical context of the dairy industry and its connections with federal policy, this paper follows the story of a large dairy cooperative: Association Milk Producers, Inc. (AMPI) and how it influenced public policy and consumption through interconnected dairy organizations like the National Milk Producers Federation and by using a political action committee. This paper provides an example of Carey's (1997) treetops propaganda by way of the powerful political action committee C-TAPE and the …