ABSTRACT This study investigated the causal relationship between the performance of the Malawi Stock Exchange (MSE) and economic growth in Malawi using quarterly data for the period 2003 to 2017. Stock market performance was measured using four indicators: the all share price index, total stock market capitalisation, stock market liquidity, and the number of shares traded. Economic growth was measured by real Gross Domestic Product (GDP). The Autoregressive Distributed Lag (ARDL) model was u...
ABSTRACT The primary focus of this academic study is to determine the proportion of casino employees within the Osu that actually come from the community relative to those from outside the community. The researcher’s intension is to discover whether casinos in the community have most employees coming from the same community. A secondary motive is to find the trend in casino employments of the Osu community over a specified period of time. The scope of the study is limited to casinos in Osu...
ABSTRACT Banks play important roles in national economies and their continuous stability is regarded highly. One of the measures of financial soundness is capital adequacy, which is the ratio of a bank’s primary capital to its risk weighted assets. This study set out to examine how capital adequacy is related to bank performance and lending. The analysis was done using both primary data from questionnaires issued to key bank staff as well as data from the annual financial reports of banks. ...
ABSTRACT It has long been argued that a country cannot develop without government. However, researchers have diverse opinions with regards to the impact of government size on economic growth. Whiles some researchers (Ahuja, 2013; Zareen & Qayyum, 2014) argue that large government size is most likely to enhance economic growth, other researchers (Armey, 1995; Vedder & Gallaway, 1998) believe that higher government expenditure has a tendency to harm economic growth. The third group of researche...
ABSTRACT An effective monetary policy mechanism ensures general macroeconomic stability which can foster private sector development an engine of growth. A sustained economic growth provides employment, income and tax revenues, which reduces poverty. Despite the number of studies on monetary policy and economic growth, there are however disagreements with regards to the impact of monetary policy on economic growth. Whiles some researchers argue that money supply determines economic growth at c...