The Impact of Domestic Debt on Economic Growth in Sierra Leone (1973 to 2021)
Issue:
Volume 12, Issue 2, June 2023
Pages:
16-25
Received:
2 May 2023
Accepted:
1 June 2023
Published:
14 September 2023
Abstract: The study investigates the impact of domestic debt on economic growth in Sierra Leone for the period covering 1973 to 2021. The study employs time series secondary data from various sources including the Central Bank of Sierra Leone, the Ministry of Finance and the World Bank Development Indicators. Key macroeconomic variables such as domestic debt-to-GDP ratio, domestic debt service-to-export earnings ratio, terms of trade and inflation were specified in the model employed in this study. The variables were tested for stationarity using unit root tests before applying Autoregressive Distributed Lag (ARDL) model in running the regression with a view to ascertaining both long run and short run effects of domestic debt variables on economic growth in Sierra Leone. Various diagnostic tests were carried out to appraise the robustness of the estimated growth equation using appropriate econometric criteria. The study empirically reveals a negative impact of domestic debt on economic growth in Sierra Leone for the period under study as clearly evident in the coefficients of the debt as a ratio of GDP, debt service as a ratio of export earnings and terms of trade. Clearly, both debt stock and debt service variables were found to generally exhibit negative impact on economic growth in the short run, as well as long run. The study, therefore, proffers strategic recommendations such as the need to review Sierra Leone’s domestic debt management strategy and to promote private investment, among others.
Abstract: The study investigates the impact of domestic debt on economic growth in Sierra Leone for the period covering 1973 to 2021. The study employs time series secondary data from various sources including the Central Bank of Sierra Leone, the Ministry of Finance and the World Bank Development Indicators. Key macroeconomic variables such as domestic debt...
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An Empirical Study on Investment Choices and Behaviour of Salaried and Business Class Individuals
Sanjay Kumar,
Sonal Gupta,
Parul Mittal
Issue:
Volume 12, Issue 2, June 2023
Pages:
26-34
Received:
18 July 2023
Accepted:
7 August 2023
Published:
14 September 2023
Abstract: In the current scenario, the most dynamic segment is the Investment companies that boost the financial system of any country. The income of households is increasing day by day because now, both male and female family member prefers to do work. As the income increases the purchasing power and the investment of the individuals are also increasing. People start searching innovative options of investment according to their needs. This research analyzes the socio-economic profile of the investors and the impact of socio-economic profile on the investment pattern of salaried and business-class people. For achieving the objectives, 100 respondents from Haryana State, having diverse socio-economic profiles were surveyed. The study results show that there is no significant difference between the choice of respondents regarding different Investment alternatives and the occupation of the respondents except fixed deposit and chit funds. The results found that the investors of same occupation donot invest same percentage of their income but Investors lie in the same annual income category generally invest same percentage of their income. The income of the respondents depends on the occupation of the respondents. The capacity and the percentage of investment depends on the income level of respondents. The research found that the knowledge of individuals is increasing day by day as they start investing their money in diverse investment options.
Abstract: In the current scenario, the most dynamic segment is the Investment companies that boost the financial system of any country. The income of households is increasing day by day because now, both male and female family member prefers to do work. As the income increases the purchasing power and the investment of the individuals are also increasing. Pe...
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