ABSTRACT
This paper argues for the need to improve the road transport infrastructure of importin... more ABSTRACT This paper argues for the need to improve the road transport infrastructure of importing and exporting countries in ECOWAS, to increase road exports through additional investment in the road transport sector. The focus of this study is to determine the impact of the quality of road transport infrastructure on Intra - ECOWAS exports on road. With specific objectives to determine the effect of the quality of road transport infrastructure of ECOWAS exporting countries on Intra - ECOWAS exports on road and to analyze the effect of the quality of road transport infrastructure of ECOWAS importing countries on Intra - ECOWAS exports on road. The study uses summary statistics and an augmented exports gravity model estimation framework with data that spans from 2014 to 2019. The model is estimated using the fixed effect approach. The study shows mixed results for the impact of the quality of road transport infrastructure on Intra - ECOWAS road exports. That is, while the quality of road transport infrastructure of importing countries within the ECOWAS has an impact on Intra-ECOWAS exports on road, the quality of road transport infrastructure of ECOWAS Exporters does not have any impact on Intra - ECOWAS exports on road. Also, whereas, the impact of the former is positive, that of the latter is negative. The paper, therefore, calls for the need of top notched government officials; Policy makers, Ambassadors, Delegates, etc. of the member states to lobby and or agitate to the ADB and other development partners for the speedy completion of the construction of the Lagos-Dakar coastal highways.
The study investigates the short and long run relationships between the Trade Balance and its cau... more The study investigates the short and long run relationships between the Trade Balance and its causes in Sierra Leone. It employed the Autoregressive Distributive Lag approach to cointegration, using annual data over the period 1970 to 2016. The results suggest that Household Consumption Expenditure and Trade Openness are the variables that are critical in explaining the Trade Balance of Sierra Leone in the short run. Nevertheless, in the long run only Trade Openness is. Household Consumption expenditure impacted the Trade Balance negatively in the short run, while Trade Openness affected it positively in both the Short and Long run. The crux of this study is that, policy actions that geared towards reducing the deficit in the Trade Balance should be carefully considered. With respect to Household Consumption Expenditure, it can assume the form of inculcating investment habit in the hearts and minds of citizens and standardization of locally produce goods. Finally, widened the openness to trade through increased trade facilitation and the removal of natural and man-made barriers will equally achieve a promising measure.
ABSTRACT
The main aim of the study is to examine the effect of monetary policy on agricultural ou... more ABSTRACT The main aim of the study is to examine the effect of monetary policy on agricultural output in post conflict Sierra Leone. Secondary data was collected from the Ministry of Agriculture Forestry and Food Security and World Development Indicators, bank of Sierra Leone Bullectin, various issues.Eview 6 was used to obtain the results. Results revealed that both money supply and nominal exchange rate have positive relationship with agricultural output and that there is a long run relationship between foreign direct investment in agriculture and agricultural output. Based on the above findings, the following recommendations are proferred; monetary policy be skewed toward the agricultural sector, government to create the enabling environment both in terms of infrastruture and exchange rate massaging to bring about growth in agricultural output in Sierra Leone.
the construction of the agricultural business centers is a drive by the Government of Sierra Leon... more the construction of the agricultural business centers is a drive by the Government of Sierra Leone to commercialized agriculture. The Japanese International Coorperation Agency is about to install a rice processing machine at the community but however, they were doubtful as to whether whether the machine will be used in an efficiently. the study seeks to detrmine that. At the end of the study it was proven that the rice milling- 11: 10 power tiller engine if install in that community will be used efficiently.
ABSTRACT
This paper argues for the need to improve the road transport infrastructure of importin... more ABSTRACT This paper argues for the need to improve the road transport infrastructure of importing and exporting countries in ECOWAS, to increase road exports through additional investment in the road transport sector. The focus of this study is to determine the impact of the quality of road transport infrastructure on Intra - ECOWAS exports on road. With specific objectives to determine the effect of the quality of road transport infrastructure of ECOWAS exporting countries on Intra - ECOWAS exports on road and to analyze the effect of the quality of road transport infrastructure of ECOWAS importing countries on Intra - ECOWAS exports on road. The study uses summary statistics and an augmented exports gravity model estimation framework with data that spans from 2014 to 2019. The model is estimated using the fixed effect approach. The study shows mixed results for the impact of the quality of road transport infrastructure on Intra - ECOWAS road exports. That is, while the quality of road transport infrastructure of importing countries within the ECOWAS has an impact on Intra-ECOWAS exports on road, the quality of road transport infrastructure of ECOWAS Exporters does not have any impact on Intra - ECOWAS exports on road. Also, whereas, the impact of the former is positive, that of the latter is negative. The paper, therefore, calls for the need of top notched government officials; Policy makers, Ambassadors, Delegates, etc. of the member states to lobby and or agitate to the ADB and other development partners for the speedy completion of the construction of the Lagos-Dakar coastal highways.
The study investigates the short and long run relationships between the Trade Balance and its cau... more The study investigates the short and long run relationships between the Trade Balance and its causes in Sierra Leone. It employed the Autoregressive Distributive Lag approach to cointegration, using annual data over the period 1970 to 2016. The results suggest that Household Consumption Expenditure and Trade Openness are the variables that are critical in explaining the Trade Balance of Sierra Leone in the short run. Nevertheless, in the long run only Trade Openness is. Household Consumption expenditure impacted the Trade Balance negatively in the short run, while Trade Openness affected it positively in both the Short and Long run. The crux of this study is that, policy actions that geared towards reducing the deficit in the Trade Balance should be carefully considered. With respect to Household Consumption Expenditure, it can assume the form of inculcating investment habit in the hearts and minds of citizens and standardization of locally produce goods. Finally, widened the openness to trade through increased trade facilitation and the removal of natural and man-made barriers will equally achieve a promising measure.
ABSTRACT
The main aim of the study is to examine the effect of monetary policy on agricultural ou... more ABSTRACT The main aim of the study is to examine the effect of monetary policy on agricultural output in post conflict Sierra Leone. Secondary data was collected from the Ministry of Agriculture Forestry and Food Security and World Development Indicators, bank of Sierra Leone Bullectin, various issues.Eview 6 was used to obtain the results. Results revealed that both money supply and nominal exchange rate have positive relationship with agricultural output and that there is a long run relationship between foreign direct investment in agriculture and agricultural output. Based on the above findings, the following recommendations are proferred; monetary policy be skewed toward the agricultural sector, government to create the enabling environment both in terms of infrastruture and exchange rate massaging to bring about growth in agricultural output in Sierra Leone.
the construction of the agricultural business centers is a drive by the Government of Sierra Leon... more the construction of the agricultural business centers is a drive by the Government of Sierra Leone to commercialized agriculture. The Japanese International Coorperation Agency is about to install a rice processing machine at the community but however, they were doubtful as to whether whether the machine will be used in an efficiently. the study seeks to detrmine that. At the end of the study it was proven that the rice milling- 11: 10 power tiller engine if install in that community will be used efficiently.
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This paper argues for the need to improve the road transport infrastructure of importing and exporting countries in ECOWAS, to increase road exports through additional investment in the road transport sector. The focus of this study is to determine the impact of the quality of road transport infrastructure on Intra - ECOWAS exports on road. With specific objectives to determine the effect of the quality of road transport infrastructure of ECOWAS exporting countries on Intra - ECOWAS exports on road and to analyze the effect of the quality of road transport infrastructure of ECOWAS importing countries on Intra - ECOWAS exports on road.
The study uses summary statistics and an augmented exports gravity model estimation framework with data that spans from 2014 to 2019. The model is estimated using the fixed effect approach.
The study shows mixed results for the impact of the quality of road transport infrastructure on Intra - ECOWAS road exports. That is, while the quality of road transport infrastructure of importing countries within the ECOWAS has an impact on Intra-ECOWAS exports on road, the quality of road transport infrastructure of ECOWAS Exporters does not have any impact on Intra - ECOWAS exports on road. Also, whereas, the impact of the former is positive, that of the latter is negative.
The paper, therefore, calls for the need of top notched government officials; Policy makers, Ambassadors, Delegates, etc. of the member states to lobby and or agitate to the ADB and other development partners for the speedy completion of the construction of the Lagos-Dakar coastal highways.
The results suggest that Household Consumption Expenditure and Trade Openness are the variables that are critical in explaining the Trade Balance of Sierra Leone in the short run. Nevertheless, in the long run only Trade Openness is. Household Consumption expenditure impacted the Trade Balance negatively in the short run, while Trade Openness affected it positively in both the Short and Long run.
The crux of this study is that, policy actions that geared towards reducing the deficit in the Trade Balance should be carefully considered. With respect to Household Consumption Expenditure, it can assume the form of inculcating investment habit in the hearts and minds of citizens and standardization of locally produce goods. Finally, widened the openness to trade through increased trade facilitation and the removal of natural and man-made barriers will equally achieve a promising measure.
The main aim of the study is to examine the effect of monetary policy on agricultural output in post conflict Sierra Leone. Secondary data was collected from the Ministry of Agriculture Forestry and Food Security and World Development Indicators, bank of Sierra Leone Bullectin, various issues.Eview 6 was used to obtain the results.
Results revealed that both money supply and nominal exchange rate have positive relationship with agricultural output and that there is a long run relationship between foreign direct investment in agriculture and agricultural output.
Based on the above findings, the following recommendations are proferred; monetary policy be skewed toward the agricultural sector, government to create the enabling environment both in terms of infrastruture and exchange rate massaging to bring about growth in agricultural output in Sierra Leone.
This paper argues for the need to improve the road transport infrastructure of importing and exporting countries in ECOWAS, to increase road exports through additional investment in the road transport sector. The focus of this study is to determine the impact of the quality of road transport infrastructure on Intra - ECOWAS exports on road. With specific objectives to determine the effect of the quality of road transport infrastructure of ECOWAS exporting countries on Intra - ECOWAS exports on road and to analyze the effect of the quality of road transport infrastructure of ECOWAS importing countries on Intra - ECOWAS exports on road.
The study uses summary statistics and an augmented exports gravity model estimation framework with data that spans from 2014 to 2019. The model is estimated using the fixed effect approach.
The study shows mixed results for the impact of the quality of road transport infrastructure on Intra - ECOWAS road exports. That is, while the quality of road transport infrastructure of importing countries within the ECOWAS has an impact on Intra-ECOWAS exports on road, the quality of road transport infrastructure of ECOWAS Exporters does not have any impact on Intra - ECOWAS exports on road. Also, whereas, the impact of the former is positive, that of the latter is negative.
The paper, therefore, calls for the need of top notched government officials; Policy makers, Ambassadors, Delegates, etc. of the member states to lobby and or agitate to the ADB and other development partners for the speedy completion of the construction of the Lagos-Dakar coastal highways.
The results suggest that Household Consumption Expenditure and Trade Openness are the variables that are critical in explaining the Trade Balance of Sierra Leone in the short run. Nevertheless, in the long run only Trade Openness is. Household Consumption expenditure impacted the Trade Balance negatively in the short run, while Trade Openness affected it positively in both the Short and Long run.
The crux of this study is that, policy actions that geared towards reducing the deficit in the Trade Balance should be carefully considered. With respect to Household Consumption Expenditure, it can assume the form of inculcating investment habit in the hearts and minds of citizens and standardization of locally produce goods. Finally, widened the openness to trade through increased trade facilitation and the removal of natural and man-made barriers will equally achieve a promising measure.
The main aim of the study is to examine the effect of monetary policy on agricultural output in post conflict Sierra Leone. Secondary data was collected from the Ministry of Agriculture Forestry and Food Security and World Development Indicators, bank of Sierra Leone Bullectin, various issues.Eview 6 was used to obtain the results.
Results revealed that both money supply and nominal exchange rate have positive relationship with agricultural output and that there is a long run relationship between foreign direct investment in agriculture and agricultural output.
Based on the above findings, the following recommendations are proferred; monetary policy be skewed toward the agricultural sector, government to create the enabling environment both in terms of infrastruture and exchange rate massaging to bring about growth in agricultural output in Sierra Leone.