Journal of Economics and Sustainable Development
https://www.iiste.org/Journals/index.php/JEDS
<div><p>The scopes of the Journal of Economics and Sustainable Development (JEDS) include, but not limited to, Economic development; Sustainability management; Industrial sector; Corporate governance, public policy; international organizations; Environmental economics; Food systems, and populations. The journal is published in both printed and online versions.The ambition of JEDS is to become a recognized top tier journal, acclaimed for redirecting international economics and sustainability research and for defining new directions.</p><p>IISTE is a member of <a href="http://www.crossref.org/01company/17crossref_members.html">CrossRef</a>.</p><p><span>The DOI of the journal is: https://doi.org/10.7176/JESD</span></p></div>The International Institute for Science, Technology and Education (IISTE)en-USJournal of Economics and Sustainable Development2222-1700<div>Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. <br />Copyrights for articles published are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.</div>Do Investment and export affect Economic Growth? A case of Zanzibar
https://www.iiste.org/Journals/index.php/JEDS/article/view/62150
<p>This paper investigated the effect of investment and exports on economic growth in Zanzibar. The study used secondary data obtained Zanzibar statistical abstracts downloaded from website of the Office of Chief Government Statistician and other resources from different websites, the data covered the period from 2006 to 2020.The data was tested for unit root, cointegration and causality and was found to stationary at the first deference, variables have long run relationship and no bidirectional granger causality running from investment and export to economic. The regression revealed that investment and export have positive and significant effect on economic growth, hence investments and exports have a strong positive relationship with economic growth, the study suggested that the increase in both investments and exports would lead to an increase in economic growth, the regression was also tested for diagnostic and stability tests the results revealed that the there is no serial correlation and the data was normally distributed.</p> <p><strong>Keywords:</strong> investment, exports, economic growth, regression, Zanzibar</p> <p><strong>DOI:</strong> 10.7176/JESD/15-3-01</p> <p><strong>Publication date: </strong>February 28<sup>th</sup> 2024</p>Iddi Salum HajiMohamed Salim AhmedAhmed Ramadhan AbeidMasoud Saleh Issa15Effect of Mobile Money on Money Demand in Kenya: Time Series Regression Analysis
https://www.iiste.org/Journals/index.php/JEDS/article/view/62151
<p>The unprecedented growth of mobile phones to make transactions has become a dependable form of payment for low-income earners living in rural and urban Kenya, increasing demand for goods and services and stimulating demand for money. However, its effect on money demand and subsequent effect on monetary policy is inconclusive as observed from past empirical studies. Furthermore, the rapid adoption of mobile money has generated new data needs and growing interest in understanding its contribution to the money demand function. It is against this background that time series data and <em>ordinary least squares </em>technique are applied to review the effect of mobile money on the demand for money in Kenya for the period from 2007 to 2020. The results of the regression model indicate that an increase in mobile money leads to an increase in demand for money in the economy. The study has established that mobile money has a substantial influence on money demand growth in Kenya attributed to the low transaction cost and payment habits of Kenyans, they are more convenient than carrying cash and business people feel safe managing cash flow. The empirical estimates of this study imply that the central bank and the financial stakeholders need to put in place policies such as providing affordable smartphones, cheap mobile internet services, licensing new mobile operators and reducing tax on transaction costs to increase money transfer through money mobile systems.</p> <p><strong>Keywords: </strong>mobile money, money demand, digital financial services, time series</p> <p><strong>DOI:</strong> 10.7176/JESD/15-3-02</p> <p><strong>Publication date: </strong>February 28<sup>th</sup> 2024</p>Naftaly MoseEdwin KipchirchirStoyan TanchevJohn Thomi15Profitability of Dorper Sheep Finished on Grass and Legume Diets in Taita Taveta and Makueni, Range Lands of Kenya
https://www.iiste.org/Journals/index.php/JEDS/article/view/62152
<p>The nutrient content of ruminant feeds, especially crude protein, in the Arid and Semi-Arid Lands (ASALs) is insufficient to support maintenance and influence production. Therefore, ruminant supplementation with protein rich leguminous feeds that are cost-effective and easily accessible is strongly recommended for optimum ruminants’ production. In a completely randomized experimental design, a group of 24 mass selected dorper sheep, with an average age of 10-13 months and average body weight of 22.6±2.4Kgs were assigned into the 6 diet experimental treatments of 4 animals each. The animals were dewormed prior to the start of the experiment. The study was carried on-farm and a control set up on-station. The results of a two-way analysis of variance on comparison of the sample means showed an on-farm average net weight gains (NWG) of African fox tail+Cow pea (4.5±1.2Kg) and African fox tail+Dolichos lab lab (3.2±0.4Kg) as the leading. The economic analyses showed that the diets composed of African fox tail+Cow pea and African fox tail+Dolichos lab lab had the best profitable returns of Ksh 106,267.0 and Ksh 55,026 respectively for 100 units’ sheep establishment at the market live body weight price of Ksh 400/Kg. The on station performance was significantly higher, indicating a more promising returns under improved management.</p> <p><strong>Keywords: </strong>Profitability, grass, legume, daily weight gain, ASALs</p> <p><strong>DOI:</strong> 10.7176/JESD/15-3-03</p> <p><strong>Publication date: </strong>February 28<sup>th</sup> 2024</p> <p><strong> </strong></p>Benson MuleiSimon KuriaJohn ManyekiLevi Wambulwa15Impact of Remittances on Economic Growth: Evidence from Nigeria, Ghana and Kenya
https://www.iiste.org/Journals/index.php/JEDS/article/view/62153
<p>The literature has presented opposing findings on the impact of remittances on economic growth thereby creating a research gap to be filled. In this study, the impact of remittances on economic growth of Nigeria, Ghana and Kenya for the period 1990 to 2020 has been explored. The methodology of the research follows the panel autoregressive distributed lag model and the causality test. Findings of the study revealed that there is a long-run relationship between remittances and economic growth in Nigeria, Ghana and Kenya. Meanwhile, the result indicated that remittance has a negative but insignificant effect on economic growth both in the short-run and in the long-run; while the Pairwise (Stacked) Granger Causality Tests and Pairwise Dumitrescu-Hurlin Panel Causality Tests results indicated that there is no causality between remittances and economic growth. The policy implications for Nigeria, Ghana, and Kenya might be that it is critical not just to attract more remittances, but also to give additional incentives for these inflows to be spent on productive investments that contribute to economic growth.</p> <p><strong>Key Words:</strong> Remittances; Foreign Direct Investment; Economic Growth; Consumption; Investment.</p> <p><strong>JEL Classification:</strong> E21; E22; F22; F24; F43; O47</p> <p><strong>DOI:</strong> 10.7176/JESD/15-3-04</p> <p><strong>Publication date: </strong>February 28<sup>th</sup> 2024</p>Stephanie GangasOlajide Oladipo15