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Effect of Determinants of Entrepreneurial Innovation on Businesses Innovation Capacity in Sub-Saharan Africa Odhiambo Norbert Omuga, Robert Moracha Ogeto & Xiongying Niu

Effect of Determinants of Entrepreneurial Innovation on Businesses Innovation Capacity in Sub-Saharan Africa

Author (s)

Odhiambo Norbert Omuga, Robert Moracha Ogeto & Xiongying Niu

Abstract

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Global and local challenges and changes in the structure of knowledge production and usage, have led to very many different types of innovations. Thus, recognizing and classifying such innovations is more complex, fragmented, and geographically dispersed academic and social venture. This study provides a quantitative longitudinal study of the determinants of innovation, their role in entrepreneurship innovation capacity and how they collectively add value to economic growth in sub-Saharan Africa. The study used fixed effects with country dummies in the analysis where Stata software was used. The results generated are expected to use in enabling both other researchers and practitioners to navigate the complex web of innovation definitions and typologies and they collectively impact on economic growth in the poor world. The results indicated that the extent of staff training, brain drain, absence of excessive bureaucracy and red tape, intellectual property protection, venture capital availability and intensity of local competition among firms were positively and significantly correlated with entrepreneurial innovation capacity in SSA. On the other hand, government procurement of advanced technologies was negatively and significantly correlated with entrepreneurial innovation capacity in SSA. It is recommended that respective countries should put in mechanisms to capitalize from the positive benefits of brain drain, absence of excessive bureaucracy and red tape, venture capital availability, intensity of local competition among firms and tertiary education gross enrolment on the economy. This could be through increased investments in tertiary institutions and reduction of bureaucracy and corruption that will not only increase high quality production through increased labour productivity, but will also foster fair competition in the markets. The governments should also increase mechanisms that facilitate increased savings for investment and where possible adopt strategies that will encourage increased inflow of foreign direct investment.

 Keywords: Innovation Capacity, Entrepreneurial Innovation, FDI, Labour Force Participation Rate, Red Tape, Sub-Saharan Africa.

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Title: Effect of Determinants of Entrepreneurial Innovation on Businesses Innovation Capacity in Sub-Saharan Africa
Author: Odhiambo Norbert Omuga, Robert Moracha Ogeto & Xiongying Niu
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4596907
Media: Online
Volume: 5
Issue: 5
Acceptance Date: 07/03/2021
Date of Publication: 11/03/2021
PDF URL: https://ijsab.com/wp-content/uploads/722.pdf
Free download: Available
Page: 8-21
First Page: 8
Last Page: 21
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Odhiambo Norbert Omuga, Robert Moracha Ogeto & Xiongying Niu (2021). Effect of Determinants of Entrepreneurial Innovation on Businesses Innovation Capacity in Sub-Saharan Africa. International Journal of Science and Business, 5(5), 8-21. doi: https://doi.org/ 10.5281/zenodo.4596907

Retrieved from https://ijsab.com/wp-content/uploads/722.pdf

 

About Author (s)

Odhiambo Norbert Omuga (corresponding author), Business school, University of International Business and Economics, Chaoyang District, Beijing, P.R. China 100029. Email: norbertomuga@yahoo.com

Robert Moracha Ogeto, Business school, University of International Business and Economics, Chaoyang District, Beijing, P.R. China 100029. Email:

Professor Xiongying Niu, Business school, University of International Business and Economics, Chaoyang District, Beijing, P.R. China 100029.

 

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DOI: https://doi.org/10.5281/zenodo.4596907

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The impact of Central Bank Independence and Transparency on Inflation in Sub-Saharan Africa Kyalisiima Prisca & Yang Jun

The impact of Central Bank Independence and Transparency on Inflation in Sub-Saharan Africa

Author (s)

Kyalisiima Prisca & Yang Jun

Abstract

This study seeks to examine the impact of central bank independence and transparency on inflation in sub-Saharan Africa (SSA). The role of central banks is to maintain price stability in the economy. Many scholars have independent and transparent writings due to the image of the Central Banks. On the other hand, other scholars have made clear the negative effects of high inflation as the main macroeconomic indicator used in this paper. In practice, some current studies have concluded that central bank independence and transparency lead to macroeconomic performance (low inflation). Empirical use of regression and analysis is performed for 15 sub-Saharan African countries with data for the period 1998–14 using panel fixed effects model. This paper contributes to research by exploring more than central bank independence as used by many scholars, and adds to literature about Central Bank Independence in Sub Saharan Africa. The results of this research study show that central bank independence and transparency (participant term; CBI_Transp) are statistically significant at 95%, so central bank independence and transparency go hand in hand; reducing inflation in sub-Saharan Africa. From the regression output, we conclude that the interactive variable and the single variables have positive coefficients, which is contrary to the main neoclassical theory used in this paper.

 Keywords: Central Bank Independence, Transparency, Inflation, Sub-Saharan Africa.

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Title: The impact of Central Bank Independence and Transparency on Inflation in Sub-Saharan Africa
Author: Kyalisiima Prisca & Yang Jun
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4235704
Media: Online
Volume: 4
Issue: 12
Acceptance Date: 01/11/2020
Date of Publication: 03/11/2020
PDF URL: https://ijsab.com/wp-content/uploads/623.pdf
Free download: Available
Page: 38-52
First Page: 38
Last Page: 52
Paper Type: Research article
Current Status: Published

 

Cite This Article:

Kyalisiima Prisca & Yang Jun (2020). The impact of Central Bank Independence and Transparency on Inflation in Sub-Saharan Africa. International Journal of Science and Business, 4(12), 38-52. doi: https://doi.org/10.5281/zenodo.4235704

Retrieved from https://ijsab.com/wp-content/uploads/623.pdf

 

About Author (s)

Kyalisiima Prisca (corresponding author), Ph.D Candidate, School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China. Lecturer in the Department of Banking and Finance, Mountains of the Moon University, Fort Portal, Uganda.

Prof. Yang Jun, PhD., School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China.

 

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DOI: https://doi.org/10.5281/zenodo.4235704

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The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries Afolabi Tunde Ahmed & Imran Ur Rahman

The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries

Author (s)

Afolabi Tunde Ahmed & Imran Ur Rahman

Abstract

Many are the presumptions of the effect of Foreign aid on growth on one side and the effect of Foreign Direct investment (FDI) on the other side. Our research empirically examines the impact of FDI and Foreign Aid on economic growth of Sub-Saharan African countries. To do so, we answer three questions: What drives the economic growth in Sub-Saharan Africa? What are the impacts of FDI and Foreign Aid on economic growth? and which relationship does exist in one part between FDI and economic growth and the other part between Foreign Aid and economic growth? To tackle our objectives we formulated four hypotheses with Gravity model and Two Stages Generalized Method of Moment analysis. Our findings lead us to conclude: Firstly, three fundamental factors responsible for the economic growth: the country fundamentals (the population, the capital formation), the governance implication (governance effectiveness, Regulatory Quality), and the macro stabilities (Foreign Direct Investment, Foreign Aid, Trade) are responsible and the key factors for the growth in SSA. Secondly, FDI and Aid have a positive and highly significant effect on the GDP. Thirdly, FDI and Aid have short run relationship with the economic growth. And fourthly, our result fall in line with others which have found that domestic factors are vital in promoting the growth effects of FDI. Nevertheless, the findings of this study diverge from others in the literature studies. Even though other researches in the literature works hypothesize that FDI has no absolute positive effect on growth, this study finds that FDI plays a direct role in promoting growth.

Keywords: FDI, Foreign Aid, Economic Growth, Sub-Saharan Africa, Governance Effectiveness, Regulatory Quality.

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Title: The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries
Author:

Afolabi Tunde Ahmed & Imran Ur Rahman

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3870562
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 17/05/2020
Date of Publication: 31/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/554.pdf
Free download: Available
Page: 53-70
First Page: 53
Last Page: 70
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Afolabi Tunde Ahmed & Imran Ur Rahman (2020). The Impact of FDI and Foreign Aid on the Economic Growth: Empirical Evidence from Sub-Saharan African Countries. International Journal of Science and Business, 4(6), 53-70. doi: https://doi.org/10.5281/zenodo.3870562

Retrieved from https://ijsab.com/wp-content/uploads/531.pdf

 

 

About Author (s)

Tunde Ahmed Afolabi, Ph.D. School of International Trade and Economics, University of International Business and Economics (UIBE), Beijing, China, sirdanielastro12@yahoo.com

Imran Ur Rahman, (Corresponding Author) Associate Professor, Ph.D., Center for Trans-Himalaya Studies, Leshan Normal University, Sichuan China, 2388018157@qq.com

 

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DOI: https://doi.org/10.5281/zenodo.3870562

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Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa Alier Maker Ghai Duk

  Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa

Author (s)

Alier Maker Ghai Duk

Abstract

Poverty eradication is a continuous global incident, however the global severity have never been the same, on that specific note, developing countries such as Sub Saharan Africa countries (SSAC) with wide scale poverty prevalence have employed various poverty reduction institutions such as microfinance institutions as appropriate mechanisms to remove many poor people from poverty trap. A sample of 200 microfinance institutions from 30 Sub Saharan African countries was taken for research investigation with three-stage least square (3SLS) method adopted as appropriate model for investigation, the fondness is owing to the fact that the 3SLS is an amalgamation of the 2SLS and seemingly unrelated regressions (SUR) which produces more efficient results. From our result, as evidence suggest, there is enormous disagreement between sustainability and outreach of MFIs mission as regression results interestingly demonstrates trade-off between sustainability indicators and outreach indicators among MFIs in Sub Saharan Africa. Furthermore, from regression outcome, we found no complementary relationship between sustainability and outreach,  additionally as evidence further suggest, we see that, the degree of different of coefficient on influence of sustainability on outreach is slightly bigger compare to degree of influence of outreach on sustainability, from that view, we deduced that concentrating on sustainability in Sub Saharan Africa is tremendously dangerous to the social goal of microfinance institutions, this therefore concurred with the mission drift emphasized in most literatures. We have also been able to identify major institutional determinants of sustainability and outreach as yield, loan portfolio, operating expense and not-for-profit, the results are particularly important to policy makers and institutional managers in deciding matters of outreach and sustainability. furthermore, by Looking at the possibility on whether MF can lead to poverty alleviation, we found no substantial evidence in support of the fact that microfinance institutions can be final panacea for poverty alleviation in Sub Saharan Africa.

Keywords: Determinants, Sustainability, Outreach, Microfinance, Sub Saharan Africa.

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Title: Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa
Author:

Alier Maker Ghai Duk

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3839937
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/552.pdf
Free download: Available
Page: 21-43
First Page: 21
Last Page: 43
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Alier Maker Ghai Duk (2020). Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa. International Journal of Science and Business, 4(6), 21-43. doi: https://doi.org/10.5281/zenodo.3839937

Retrieved from https://ijsab.com/wp-content/uploads/552.pdf

 

About Author (s)

Alier Maker Ghai Duk, School of International Trade and Economics, University of International Business and Economics (UIBE), China.

 

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DOI: https://doi.org/10.5281/zenodo.3839937