- Volume 12, Number 1 (2024)
INSTITUTIONS AS CATALYSTS: INVESTIGATING THEIR ROLE IN COUNTERING THE RESOURCE CURSE
Tumelo Modise Molefe, Keitumetse Kgosietsile Letlole
The resource curse hypothesis challenges conventional economic theory by suggesting that economies endowed with abundant natural resources tend to underperform in terms of economic growth compared to resource-poor counterparts. However, recent empirical findings highlight the inadequacies of this general hypothesis, as it fails to adequately explain the diverse experiences observed among resource-rich economies. While some resource-abundant nations indeed struggle with economic growth, others have managed to harness their natural endowments to achieve robust development. This nuanced understanding underscores the need for a more comprehensive analysis of the factors influencing economic performance in resource-rich environments. This abstract delves into the complexities...
SHEDDING LIGHT ON ZIMBABWE'S PARALLEL ECONOMY: MEASUREMENT TECHNIQUES AND FINDINGS
Jessica Nkosi Mabaso, Emmanuel Chukwuemeka Okonkwo
A pervasive challenge in analyzing African economies, including Zimbabwe, lies in the dearth of reliable and consistent official statistics, as noted by Yeats (1990). Zimbabwe's Central Statistical Office (CSO), tasked with gathering national statistics, particularly on production activities, grapples with significant shortcomings. These include incomplete coverage and inaccurate estimates of the activities surveyed. Such deficiencies undermine the integrity of economic data, complicating efforts to assess and formulate effective policy interventions. This abstract addresses the critical issue of data reliability in Zimbabwe's economic analysis, highlighting the constraints imposed by deficiencies in official statistics. Drawing upon insights from Yeats (1990) and other...
PROBING THE NEXUS: MONETARY POLICY SHOCKS AND STOCK MARKET MOVEMENTS IN BOTSWANA
Thabo Olatunji Mogale, Keitumetse Onyinyechi Molefi
The intricate relationship between monetary policy and stock prices has been a subject of extensive inquiry within the literature. Scholars, including Thorbecke (1997), Patelis (1997), Bernanke and Kuttner (2005), Ioannidis and Kontonikas (2008), Bjornland and Leitemo (2009), and Nemaorani (2012), have approached this topic from diverse perspectives and methodologies. Their collective efforts have yielded insights into the dynamics of this relationship, highlighting its nuanced nature and the influence of structural and institutional factors on its strength and directionality. This abstract synthesizes the findings of the empirical literature on the interaction between monetary policy and stock prices, elucidating the multifaceted nature...