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Is There Any Mediating Effect of Financial Deepening on the Relationship Between Economic Growth and Poverty Levels in the EAC Countries
James Mageto Nyamweya,
Duncan Elly Ochieng,
Herick Ondigo,
Peterson Obara Magutu
Issue:
Volume 6, Issue 4, August 2020
Pages:
57-64
Received:
27 May 2020
Accepted:
15 June 2020
Published:
23 July 2020
Abstract: The study examined the mediating role of financial deepening on the relationship between economic growth and poverty levels in East African Community countries. The specific objectives included establishing the effect of economic growth on poverty levels in EAC countries and determining the meditating effect of financial deepening on the relationship between economic growth and poverty levels in EAC countries. The positivism philosophy was adopted throughout the study. The study adopted both comparative and descriptive research designs. The study population was the five countries of EAC countries which included Kenya, Rwanda, Uganda, Burundi, and Tanzania. Annual data for 30 years beginning 1989 to 2018 was gathered for the study purpose. Secondary data, which consisted of annual data, was utilized in the study. The study employed normality, heteroscedasticity, multicollinearity, serial correlation and unit root diagnostic tests. The data was analyzed using both descriptive and inferential statistics with the help of excel and STATA version 14. Feasible Generalised Least Squares (FGLS) panel data regression model was adopted to ascertain the causal effect link between various variables relating to economic growth, financial deepening, and poverty levels in EAC member countries. The tests of hypotheses were examined at 95% confidence level. The study results revealed that economic growth had a significant effect on poverty levels in East African Community countries. The study also revealed that financial deepening has a significant mediating effect on the link between economic growth and poverty levels in East African Community countries.
Abstract: The study examined the mediating role of financial deepening on the relationship between economic growth and poverty levels in East African Community countries. The specific objectives included establishing the effect of economic growth on poverty levels in EAC countries and determining the meditating effect of financial deepening on the relationsh...
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Role of Financial Efficiency and Income Distribution on the Relationship Between Economic Growth on Poverty Levels in East Africa Community Countries
James Mageto Nyamweya,
Michael Ochieng Obuya
Issue:
Volume 6, Issue 4, August 2020
Pages:
65-73
Received:
27 May 2020
Accepted:
15 June 2020
Published:
23 July 2020
Abstract: The study examined the relationship between economic growth, income distribution and poverty levels in East African Community countries. The specific objectives of the study included establishing the effect of economic growth on poverty levels in EAC countries and examining the moderating effect of income distribution on the relationship between economic growth and poverty levels in EAC countries. The study adopted both comparative and descriptive research designs. The study population was the five countries of EAC countries which included Kenya, Rwanda, Uganda, Burundi, and Tanzania. Annual data for 30 years beginning 1989 to 2018 was gathered for the study purpose. Secondary data, which consisted of annual data, was utilized in the study. The study employed normality, heteroscedasticity, multicollinearity, serial correlation, Optimal lag test, unit root diagnostic tests, cointegration test and cross sectional correlation test. The data was analyzed using both descriptive and inferential statistics with the help of excel and STATA version 14. Feasible Generalised Least Squares (FGLS) panel data regression models was used for hypotheses testing. The study results revealed that economic growth had a significant effect on poverty levels in East African Community countries. In addition, the study revealed that income distribution has a significant mediating effect on the link between economic growth and poverty levels in East African Community countries.
Abstract: The study examined the relationship between economic growth, income distribution and poverty levels in East African Community countries. The specific objectives of the study included establishing the effect of economic growth on poverty levels in EAC countries and examining the moderating effect of income distribution on the relationship between ec...
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Effects of Information and Communication Technologies on the Banking Inclusion of Populations in the West African Economic and Monetary Union
Issue:
Volume 6, Issue 4, August 2020
Pages:
74-82
Received:
2 July 2020
Accepted:
6 August 2020
Published:
13 August 2020
Abstract: This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more than half of the adult population remains excluded from the financial system in general. The theoretical frameworks used in this research are those of the frontier theory of access possibilities and access barriers to financial services, and client selection theory. A linear model based on panel data has been adopted in this article to analyze the empirical link between information and communication technologies and the banking inclusion index of the populations in the Union over the period 2006-2016. The model was estimated using the panel-corrected standard error method. The results show that the use of ATMs and the Internet diffusion among the WAEMU population positively and significantly influence the level of banking inclusion of the WAEMU population. The use of information and communication technologies by both the population and the banks is an innovative way of improving the level of banking inclusion of the Union population. To improve banking inclusion in the Union, the article encourages banks and the population to rely more on the use of these technologies.
Abstract: This article analyzes the effects of information and communication technologies on the level of banking inclusion of populations in the West African Economic and Monetary Union (WAEMU). To this end, it is a contribution to the exploration of new and innovative ways of solving the problem of banking exclusion of populations in an area where more tha...
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An Analytical Study to Determine Whether All of the Services of Conventional Banking Permissible or Forbidden in Islam
Mohammad Tanvir Islam,
Muhammad Shafiuddin
Issue:
Volume 6, Issue 4, August 2020
Pages:
83-89
Received:
22 June 2020
Accepted:
20 July 2020
Published:
10 September 2020
Abstract: This Study shows the misconception of innocent Muslims on about “Are the service of conventional banking fully Haraam for the Muslim? This study is conducted the widespread misconception in innocent Muslim minds that everything associated with banking within the conventional system is prohibited in Islam. This probably stems from a lack of understanding and genuine desire of common Muslims to stay away from even remotely prohibitive income. Since this assumption of blanket prohibition is erroneous. In fact, there are clear guidelines in Islamic law and Islamic Sharia law [1]. This paper analyzes which services, functions and products have been Prohibited by Islamic law and Shariah and which services, functions and products have been allowed to be accepted subject to certain condition, There are many permissible (halal) functions that conventional banking institutions perform and make substantial profits from. In my view, Muslims may engage in such functions in the form of customers, employees, investors or advisers and if you have no direct involvement in any riba transaction, then it's fine to work there.
Abstract: This Study shows the misconception of innocent Muslims on about “Are the service of conventional banking fully Haraam for the Muslim? This study is conducted the widespread misconception in innocent Muslim minds that everything associated with banking within the conventional system is prohibited in Islam. This probably stems from a lack of understa...
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