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Contribution of Tourism Sector on Employment Creation: A Case Study of Nungwi and Kiwengwa Villages of Zanzibar
Mshauri Ali Makame,
Mohammed Hafidh Khalfan,
Abdalla Ussi Hamad
Issue:
Volume 9, Issue 5, October 2023
Pages:
73-78
Received:
4 January 2023
Accepted:
15 March 2023
Published:
25 September 2023
Abstract: The paper examines the contribution of tourism on employment creation a case of Nungwi and Kiwengwa Villages of Zanzibar. The total population of study area was 7,224 which comprise the tour guides, hoteliers and Villagers especially who engaged in tourism activities (Nungwi and Kiwengwa). A simple random sampling techniques was used to select a sample of 379 were used in this study. Specifically, a quantitative approach was used and questionnaire survey was used for collection. The paper found that, the larger number of the villagers who are employed in tourism sector in Nungwi and Kiwengwa Villages are fulltime employed followed by part time and small number of the natives been able to employ themselves. Generally, about 90% of the respondents, supported the fact that tourism sector in both villages had been creating employment opportunity. The study recommended to the Government and other tourism stakeholder that, there is a need to provide loans or any other support to the Nungwi and Kiwengwa natives so as to be able to employ themselves in tourism sector as well as reducing the number of part time employees/seasonal employment. Specific recommendation goes to Zanzibar commission for tourism (ZCT) that they should take much effort of providing techniques of entrepreneurship for those villages (Nungwi and Kiwengwa) so as to enable the natives to be creative and innovative on establishing their own business. Finally it is recommend to the policy makers on fostering the growth of the infrastructures in Nungwi and Kiwengwa villages that will help on improvement of tourism sector as well as socio-economic development of Zanzibar.
Abstract: The paper examines the contribution of tourism on employment creation a case of Nungwi and Kiwengwa Villages of Zanzibar. The total population of study area was 7,224 which comprise the tour guides, hoteliers and Villagers especially who engaged in tourism activities (Nungwi and Kiwengwa). A simple random sampling techniques was used to select a sa...
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The Effect of Monetary Policy on Inflation in Ghana
Emmanuel Kwakye Amoah,
Foster Awindolla Asaki,
Dominic Atogumsekiya Anarigide,
Michael Osei
Issue:
Volume 9, Issue 5, October 2023
Pages:
79-89
Received:
28 August 2023
Accepted:
18 September 2023
Published:
27 September 2023
Abstract: Ghana is working to reduce the inflation rate, which has become a burden. This study especially focuses on the short- and long-term effects of monetary policy on inflation in order to determine how it affects inflation in Ghana. The scope of the study was expanded to look at how responsive inflation is to monetary policy shocks and the relationship between monetary policy and Ghana's inflation rate. The vector error correction model was utilized as an estimation technique in the study, which utilised secondary data spanning the years 1990 to 2018. The study found that monetary policy, economic growth, and oil prices have a favorable short-term impact on inflation. The findings also showed that while currency rates and oil prices have a negative impact on inflation, monetary policy has a beneficial impact. The study also found a one-way causal relationship between inflation and monetary policy, exchange rate, economic expansion, and oil prices. The empirical results lead to the conclusion that inflationary innovations have a beneficial impact on monetary policy and the currency rate, but a negative one on oil prices. As a monetary policy tool to stop the inflationary trend, the report advises stakeholders and policymakers to reduce the quantity of money.
Abstract: Ghana is working to reduce the inflation rate, which has become a burden. This study especially focuses on the short- and long-term effects of monetary policy on inflation in order to determine how it affects inflation in Ghana. The scope of the study was expanded to look at how responsive inflation is to monetary policy shocks and the relationship...
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Research Article
Dynamic Portfolio Management and Deposit Money Banks’ Performance in Nigeria: Panel Analysis
Dele Jacob Ojomolade,
Joseph Ifeanyi Ugwulali,
Adewale Joshua Adejuwon
Issue:
Volume 9, Issue 5, October 2023
Pages:
90-96
Received:
20 June 2023
Accepted:
17 July 2023
Published:
28 October 2023
Abstract: Financial institutions are economic pivotal that accelerate growth of a nation and serve as inter-connectivity with other sectors of the economy, in the absence of banks; economy may experience slow growth from lack of financial intermediation process. Banks were confronted with risk exposures which is injurious to banking that serves as catalyst for economic growth and development through financial intermediation, active portfolio management becomes inevitable, therefore this study examines the dynamic portfolio management and deposit money banks’ performance in Nigeria spanning over 13years (2009-2021) The data set were collected from the banks’ financial statements which was analysed using panel fully modified least squares and descriptive statistical methods, the normality test was also carried out with probability of 10.2 revealed that the residual is normally distributed. The result revealed that portfolio management has negative association with bank profitability. The challenges of optimal portfolio management and risk exposure is how to explore good risk measurement by banks to achieve optimal returns to the investors and likewise the banks by reducing the inherent risk in portfolio. Achieving vibrant performance by deposit money banks’ aptly demand the adoption of advanced technology by banks into their operations. The combination of Capital Asset Pricing Model with the elements of fundamental analysis methods help business entities to avoid systematic risks and to receive adequate returns.
Abstract: Financial institutions are economic pivotal that accelerate growth of a nation and serve as inter-connectivity with other sectors of the economy, in the absence of banks; economy may experience slow growth from lack of financial intermediation process. Banks were confronted with risk exposures which is injurious to banking that serves as catalyst f...
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Research Article
Inflation Nexus Economic Growth in Ethiopia: Implications for Long-Run Development
Issue:
Volume 9, Issue 5, October 2023
Pages:
97-104
Received:
4 September 2023
Accepted:
20 September 2023
Published:
28 October 2023
Abstract: Price stability and achieving sustainable economic growth are the major goals of macroeconomic policy and the key indicators of macroeconomic stability. Pursuing of price stability is primary to long-run growth and development; it should be the concern of every economy. This study investigated the nexus of inflation and economic growth in Ethiopia, using the vector autoregressive (VAR) model by employing the data series for the period ranging from 1980 to 2021. The ADF Unit root test confirmed that the variables in the model are integrated of order I (0). The descriptive statistics concludes that the relationship between inflation and economic growth are inconclusive. From VAR regression result, the lagged value of inflation has positive and significant effect on inflation at 1% level of significance. But the lagged value of economic growth has insignificant effect on inflation in Ethiopia. On the other hand, the lagged value of economic growth has positive and significant effect on economic growth and the lagged value of inflation has positive and significant effect on economic growth at 1% level of significance. The estimated model passes diagnostic tests and the Eigen value stability condition displays all the Eigen values lay inside the unit circle. Hence, VAR satisfies stability condition. Long run sustainable development emphasis should be given to accelerate economic growth and compute the threshold inflation-growth level, so that growth rate takes care of the stability in inflation.
Abstract: Price stability and achieving sustainable economic growth are the major goals of macroeconomic policy and the key indicators of macroeconomic stability. Pursuing of price stability is primary to long-run growth and development; it should be the concern of every economy. This study investigated the nexus of inflation and economic growth in Ethiopia,...
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