Abstract: A new generalized Dagum distribution called the Dagum power series distri butions is introduced and studied. This distribution is obtained by compounding Dagum and other power series distributions. The structural properties of the new distributions are discussed, including explicit algebraic formulas for its survival and hazard functions, quantile function, moments, moment generating function, conditional moments, mean and median deviations, Bonferroni and Lorenz curves, distributi...
Abstract: This study examines the relationship between government expenditure on health and economic growth in Botswana. It seeks to test the existence of cointegration and specification of the deterministic components with special reference to the Pantula Principle. This helps to overcome the shortfall of the method by Johansen, which may lead to spurious results by omitting the presence of deterministic components in the analysis. The cointegration approach is used and tested using three m...
Abstract: The study investigates whether policies, both regional and country-specific, should mainly focus on accelerating economic growth in the region to reduce youth unemployment in the SADC region. In this endeavour, the study is based on Okun’s law which prescribes that unemployment rates should generally begin to fall when economic growth rates rise above the economy’s potential. The study uses panel data for selected SADC countries whose annual youth unemployment rate is above the...
Abstract: The study aimed at examining the impact of Covid-19 on the informal sector in Gaborone, Botswana. The problem is that the informal sector has been badly affected by the pandemic. A quantitative research approach was employed, and a quantitative descriptive research design provided a road map that was used to fulfil this research. Convenience sampling was used to gather a sample of 60 participants from the informal sector businesses which employ less than five people and has been op...
Abstract: Zimbabwe experienced hyperinflation (2000-2008) followed by dollarization from 2009 onwards which had implications on dividend policy. In this context, this study isolates the main determinants and examines their behaviour across the distribution of dividend policy. The study employs quantile regression analysis and a sample of 30 firms listed on the Zimbabwe Stock Exchange (ZSE), covering the period 2000 to 2016. The fixed effects (FE) analysis is applied as a base model. The m...
Abstract: Most of the knowledge-based economies (KBEs) operate in a neoclassical economic model that does not recognize the importance of natural resources and sustainability beyond the market forces. In contrast, KBEs that rely on endogenous factors harmonize with the enlightened anthropocentrism for sustainable development with scientific and technical abilities to design the ecological system for infusing human values into nature. For example, the Quintuple Helix Model of Innovation. In t...
Abstract: This paper explores the inter-connectedness of remittances and financial development and how their associated covariates such as savings, investment, money supply and economic growth are impacted by this relationship. The study employs a panel vector autoregression (P-VAR) estimation technique, and the generalized methods of moments (GMM) are applied after removing fixed effects and lagged regressors are used as instruments to have consistent estimators. The main findings of the st...
Abstract: The quest for the diversification of Botswana’s mineral-led economy necessitates an examination of other performing ones such as the Tourism-Transport and Finance-Consulting small service sectors which have been identified as also contributing immensely to its economy. So, this paper investigates variations in market orientation and performance among small service firms in Botswana. In more specific terms, it involves analysis of variations with regard to tourism-transport and fi...
Abstract: The research investigates into the impediments and the best practice use of derivatives in Zimbabwe, Botswana and South Africa. The research has been based on a mixed method research approach. The significance of the study has been to identify the gaps in the use of derivatives and the factors that have given rise to the gaps. It has been revealed that Banks in Zimbabwe only use the simple forward agreements derivative to hedge risk. In Botswana only simple forward agreements, fore...
Abstract: The scope of the study was to ascertain the viability of the cruise taxi business in Francistown metropolis. The business is dominated by black entrepreneurs supported by local authority to ply the metropolitan routes. A semi-structured questionnaire was introduced and issued to commuters who were randomly selected on their way to pick a taxi at their terminus. Collected data were analysed using IBM SPSS Statistics ver. 26. A Cruise taxi driver’s level of education influenced tim...
Abstract: The growth rate for the Botswana economy has slowed down in recent years. This has been explained by weak global demand in minerals, subdued commodity prices and persistent electricity supply problems. The government is making efforts to diversify the economy to tap from other sources of growth. The government has come with two initiatives to boast growth: increasing expenditure on roads and improved generation of electricity. Literature has failed to agree on the causal linkage be...
Abstract: The study used time series data for Zimbabwe (1975-2012) to: (i) empirically determine the link between economic growth and four macroeconomic variables (Foreign Direct Investment, volume of trade, Inflation and capital accumulation) (ii) analyze the impact of these macroeconomic variables on economic growth (iii) test if innovations in macroeconomic variables influence on the rate of economic growth and vice versa and (iv) establish the major drivers of economic growth. Using the ...
Abstract: Emerging economies are still faced with need to improve economic growth. One of the main drivers of growth in literature has been found to be electricity consumption. However literature fails to explain the relationship between economic growth and electricity consumption. It is against this background that the study examines the presence of the long run relationship between economic growth and electricity consumption in Botswana. The study use annual time series data for the period...
Abstract: This research empirically examines the connection between stock market performance, exchange rates and interest rates using the VECM model and monthly time series data. During the pre hyperinflationary phase findings showed that the impact of interest rates on stock market performance were mixed. Stock market performance converged to long run equilibrium with bank rates (1.4%) within 8 months. Unidirectional causality moves from stock market to exchange rates, Treasury bill rates a...
The unprecedented growth of mobile phones to make transactions has become a dependable form of payment for low-income earners living in rural and urban Kenya, increasing demand for goods and services and stimulating demand for money. However, its effect on money demand and subsequent effect on monetary policy is inconclusive as observed from past empirical studies. Furthermore, the rapid adoption of mobile money has generated new data needs and growing interest in understanding its contributi...