A Comparative Study on Contribution of Governance on Economic Growth Countries in the East African Community

Orayo, Joseph Abuga; Mose, George N.

doi:10.5296/ijrd.v3i2.9848

Cited by 12 publications

(8 citation statements)

References 16 publications

(11 reference statements)

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“…The overall R-squared for all models were small values, less than 5%. This is however expected mostly in panel data regression (Orayo & Mose, 2016).…”

Section: A Residential Mortgage Portfolio Size Product Innovation And...mentioning

confidence: 86%

“…The Hausman specification test tries to find whether there is a considerable link between the unobserved firmspecific effects and the explanatory variables. The test provides for the aspects that are unobserved in the equation that may or may not have an effect on the predictors incorporated in the equation to obtain the fitness of usability of the fixed or random effects model (Greene, 2008;Orayo & Mose, 2016).…”

Section: Methodsmentioning

confidence: 99%

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Residential Mortgage Portfolio, Product Innovation and Performance of Commercial Banks in Kenya

Nyang'iye

Iraya

Ochieng

2022

EJBMR

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This study sought to investigate the relationship between residential mortgage portfolios, product innovation, and performance of commercial banks in Kenya. The study was anchored on the Modern Portfolio Theory, Agency Theory, and Asymmetric Information Theory. The study adopted a correlational descriptive research design and data collected from the annual residential mortgage surveys conducted by the central bank of Kenya (CBK) on commercial banks covering a 13-year period from 2006 to 2018. Further, the financial statements of commercial banks and Kenya Bankers Association database were used as a source of secondary data. Data were analyzed via panel data approaches. The Baron and Kenny (1986) approach was used to test the hypothesis. The results revealed that residential mortgage portfolio attributes, namely: portfolio quality and mortgage interest return significantly influence bank performance. The effect of mortgage terms on the relationship between mortgage portfolio quality and performance was negative and statistically significant. Loan to value (LTV) ratio was however found not to significantly intervene in the relationship between residential mortgage portfolios and the performance of banks operating in Kenya. From the findings, the study suggested that bank managers pay attention to the institutional environment and product characteristics in designing their mortgage loan portfolios.

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“…The overall R-squared for all models were small values, less than 5%. This is however expected mostly in panel data regression (Orayo & Mose, 2016).…”

Section: A Residential Mortgage Portfolio Size Product Innovation And...mentioning

confidence: 86%

Section: Methodsmentioning

confidence: 99%

Residential Mortgage Portfolio, Product Innovation and Performance of Commercial Banks in Kenya

Nyang'iye

Iraya

Ochieng

2022

EJBMR

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“…YG t = c + αKG t + βLG t + e t (5) (c: constant or intercept, e t : error term) Based on the previous analysis and the previous studies such as Bayar [29] and [33], Emara and Jhonsa [34], Bouoiyour and Naimbayel [35], Fayissa and Nsiah [36], Pere [22], Orayo and Mose [37], Lahouij [27], Onyinye, et al [38], Josheski, et al [39], Razmi and Refaei [26] and Berggren and Jordahl [40], this study will estimate the following regression model: YG it = β 0 + β 1 KF it + β 2 LF it + β 3 OT it + β 4 EF it + β 5 VA it + β 6 PS it + β 7 GE it + β 8 RQ it + β 9 RL it + β 10 CC it + λ DM it + u it (6) Where β 0 : intercept, i: country, t: year, u it : random error term, YG: growth rate of RGDP, KF: gross fixed capital formation to GDP ratio, LF: labor force growth rate, OT: trade openness that is measured by the sum of exports and imports to GDP ratio, and EF: economic freedom index. Governance variables are: VA: voice and accountability, PS: political stability, GE: government effectiveness, RQ: regulatory quality, RL: rule of law, and CC: control of corruption.…”

Section: Methodsmentioning

confidence: 99%

Public Governance and Economic Growth of Non-Oil-Exporting Arab Countries

Yousef¹

2020

IJBER

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This paper aims at investigating the impact of public governance on the economic growth in Non-Oil-Exporting Arab countries (NOEAC). The study used panel data for six NOEAC over the period from 1998 to 2017. Some study variables were not stationary at level but they became stationary after taking the first difference for them. The result of applying Kao panel cointegration test revealed that the study model was cointegrated. Therefore, Fully Modified Ordinary Least Squares (FMOLS) model was applied for estimation showing that governance factors have the greatest significant positive effects on the economic growth in such countries. Gross fixed capital formation, labor force growth rate, trade openness, economic freedom, rule of law, regulatory quality, control of corruption, and voice and accountability have statistically significant positive impact on their economic growth during the study period, while the Global Financial Crisis of 2008 (GFC) with its slow recovery has a significant negative impact on their economic growth. Political stability and government effectiveness have insignificant effects. The main conclusion derived from this paper is that political and institutional aspects can play an important role in the economic progress, and they are responsible for major contribution to economic growth and development. Therefore, attracting domestic and foreign direct investments, increasing labor and capital productivities, strengthening governance, improving public administration and eradication of corruption have the first priorities in NOEAC.

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“…This study will depend on the previous explaining and follow the previous studies in order to estimate its model [4,5,14,7,15,36,34,27,33,20,40,6]. The regression model is:…”

Section: Methodsmentioning

confidence: 99%

“…In general, improving the business climate in Arab countries is very important in attracting both national and international investments which will ultimately boost their economic growth. Actually, good governance has been affirmed as a conditionality for being legible to most external aid by the World Bank and International Monetary Fund [34,26]. Countries also can obtain higher credit ratings when they have good and effective public administration and better governance, which can reduce the cost of capital and improve their economic performance.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

The Economic and Non-Economic Determinants of Economic Growth in Oil-Exporting Arab Countries

Yousef¹,

Warrad²

2019

IJBER

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This paper aims at exploring the main determinants of economic growth in Oil-Exporting Arab countries (OEAC) by shedding light on the most effective determinants. It is then wished that governments and policy makers would concentrate on and take them into consideration when they are designing and applying their public policies. The study used panel data for six OEAC over the period of 1998-2017. Some study variables were not stationary at level but they became stationary after taking the first difference for them. The result of applying panel Pedroni cointegration test revealed that the model was cointegrated. Therefore, FMOLS model was applied for estimation showing that gross fixed capital formation, labor force growth rate, economic freedom, rule of law, regulatory quality and government effectiveness have statistically significant positive impact on the economic growth of OEAC, while trade openness, control of corruption, political stability and voice and accountability have insignificant effects on their economic growth during the study period. Moreover, the Global Financial Crisis of 2008 with its slow recovery has a significant negative impact on the economic growth of such countries. Therefore, the study recommends OEACs' governments to make "real" institutional reforms and adopt the appropriate polices that eliminate corruption and rent seeking behaviour and enhance the rule of law. They also need to improve the quality of education and to develop the skills and expertise of their labour force. In addition, they have to establish specialization in the production of goods in which they have comparative advantages and diversify their production and sources of national income, and not to depend only on exporting natural raw materials, which altogether eventually ensure resources are efficiently and effectively utilized in pursuit of their economic growth and social development.

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A Comparative Study on Contribution of Governance on Economic Growth Countries in the East African Community

Cited by 12 publications

References 16 publications

Residential Mortgage Portfolio, Product Innovation and Performance of Commercial Banks in Kenya

Residential Mortgage Portfolio, Product Innovation and Performance of Commercial Banks in Kenya

Public Governance and Economic Growth of Non-Oil-Exporting Arab Countries

The Economic and Non-Economic Determinants of Economic Growth in Oil-Exporting Arab Countries

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