R. Grynberg, Vijayakumar Kandaswamy, Fwasa K. Singogo, Lukas Kumonika
{"title":"Determinants of Per Capita Alcohol Consumption in Africa: A Cross-section Approach","authors":"R. Grynberg, Vijayakumar Kandaswamy, Fwasa K. Singogo, Lukas Kumonika","doi":"10.56279/ter.v12i2.122","DOIUrl":"https://doi.org/10.56279/ter.v12i2.122","url":null,"abstract":"North African countries. The descriptive data analysis is complemented with a formal quantitative cross-sectional analysis that includes 51 African countries that have data on alcohol consumption. The results show that economic, demographic and religious factors are statistically significant in explaining the patterns of alcohol consumption per capita. Given that the coefficients for price responsiveness are very low, there is considerable room for the use of taxation instruments to earn some revenue rather than to reduce alcohol consumption. By extension, the low coefficients for price and GDP/capita serve to explain the rapid rise of black markets for alcohol observed in both South Africa and Namibia during the Covid-19 lockdown.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75053273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Contribution of Internal Audits on the Effectiveness of Procurement Assignments in Tanzania’s Local Government Authorities (LGAs)","authors":"J. David","doi":"10.56279/ter.v12i1.101","DOIUrl":"https://doi.org/10.56279/ter.v12i1.101","url":null,"abstract":"The paper assesses internal audit effects on procurement in Local Government Authorities (LGAs). The data is from a structured questionnaire to 241 respondents from LGAs, Public Procurement Regulatory Authorities (PPRA), Internal Audit General office and the National Audit office. The study uses exploratory factor and multiple regression methods to analyse the data using STATA programme and finds that internal audit competencies, procedure and independence affect positively the contribution of internal audit to procurement by LGAs. Thus, the study recommends that internal auditors be exposed to different audit environments and implement strictly the Public Procurement Act (PPA). Employers should employ auditors with various skills. Auditors should know the procedure in PPA and the procurement cycle, which the entities have to follow. Lastly, authorities should enforce the auditors’ independence through providing sufficient resources for the internal audit functions, ensure the audit units access all information and discourage political interference in auditors’ work.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77942530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial Inclusion and Inclusive Growth in Nigeria Between 1981 and 2017","authors":"O. Maku, R. Lawal, C. Soyemi, Abayomi Adenaike","doi":"10.56279/ter202216","DOIUrl":"https://doi.org/10.56279/ter202216","url":null,"abstract":"The paper examines the long-run relationship between financial inclusion and growth in Nigeria for the period 1981-2017.Using data from the Central Bank of Nigeria statistical bulletin 2018 and the World Development Indicator 2018, the study applies econometrics to examine effects of credit to private sector, money supply, Interest rate and Government Expenditure on Per capita Gross Domestic Product. The results of the ARDL show that financial inclusion increases inclusive growth and makes easy access to loan for investment. The study also validates the finance led growth hypothesis and establishes that finance causes growth in Nigeria. Given the findings, policy makers need to focus more on long run financial policies that can enhance the effectiveness of the financial sector (both money and capital markets) in promoting growth. Additionally, the government should work to provide an enabling environment and create awareness to enhance public trust in the country’s financial system. \u0000JEL Classification: O40","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74656551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Infrastructure and Economic Growth of Tanzania","authors":"G. Kahyarara","doi":"10.56279/ter202217","DOIUrl":"https://doi.org/10.56279/ter202217","url":null,"abstract":"This paper examines the correlation between infrastructure and economic growth rate in Tanzania. In particular it uses time series data from 1990 till 2017 on time series models that use infrastructure variables among the explanatory variables. Correction Model (VECM) is involved to examine for the presence of a long-term association in the equation only. Findings show that all variables are integrated of order I(1),and the model are within one or common trend. Further results are that the economic growth rate un-directionally granger causes the infrastructure variables in our model. The long term estimation of the impact of infrastructure on economic growth rate show a 100 percent increase in infrastructure of road coverage raises economic growth by 22.8. Further results show a 100 a percent increase telephone coverage is associated with 17 percent increase in economic growth. In the same way change in railway network corresponds to 13 percent increase in the rate of economic growth. Finally Port handling improvement corresponds to 20 percent increase in economic growth. The paper concludes that infrastructure investment has significant effect on economic growth rates and should strategically be linked within the economic growth objectives.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"46 17 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85380876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Domestic Retail Investors’ Participation and Stock Price Efficiency in Nigeria","authors":"Favoured Mogbolu","doi":"10.56279/ter202218","DOIUrl":"https://doi.org/10.56279/ter202218","url":null,"abstract":"This study tests whether retail behaviour affects the stock price and pricing efficiency of stocks on the Nigerian Stock Exchange (NSE) using data on equity from retail investors' market transactions. The Delong, et al. (1990) model is used to measure retail mispricing and stock price efficiency, whereas the Least Squares (LS) and Generalised Least Square (GLS) techniques are used to estimate the static and probability distributed lag (PDL) models. The study finds that in the short run, temporary retail mispricing impacts stock prices and positively affects stock price efficiency. Hence, retail investors’ pricing behaviour benefits the equity market in the short-run, but not in the long run. Thus, for sustaining the efficiency of prices in the NSE, retail investors should participate in the equity market and investor literacy programs to enhance their trading skills, which would reduce their losses and enhance their survival in the market over the long term. \u0000JEL Classification: D53, G12.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"98 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73429729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Perceptions on Early and Expected Effects of Natural Gas Investments on the Coastal Communities of Mtwara and Lindi Regions in Tanzania","authors":"O. Kweka","doi":"10.56279/ter202215","DOIUrl":"https://doi.org/10.56279/ter202215","url":null,"abstract":"This paper examines the early and expected effects of a natural gas investment in the regions of Mtwara and Lindi in Tanzania. Using information from the survey and focus groups, the paper examines the perceptions of the communities and finds mixed social and economic effects. In general, the initial investment in Songosongo pipeline shows some positive outcomes as compared the new investment in the Mtwara-Dar es Salaam pipeline. More of the positive effects are on social services such as the provision of water and health services. Some of the positive outcomes on casual employment were reported in the initial stages of investments in Mtwara. Whereas quantitative data shows that the effects are generally positive, qualitative results show some communities have grievances due to the fact that their earlier expectectation have not been met. In Songosongo, the results show some pecuniary benefits, yet communities reported some environmental pollution, with flourishing seaweeds and dying fish and social problems, such as prostitution due to population increase. In Mtwara, the communities still have high expectations. These preliminary findings call for a follow-up study since the effects are likely to change with time, which justifies the need for a large-scale study in these regions.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89471664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Out-of-Pocket Health Expenditure on Household Welfare: Evidence from Uganda National Household Survey: 2016–2017","authors":"Maya Makika, F. Matovu, Wasswa Matovu, M. Araya","doi":"10.56279/ter20222","DOIUrl":"https://doi.org/10.56279/ter20222","url":null,"abstract":"Out-of-Pocket health expenditures (OOP) in Uganda are increasingly rising due to the limited share of the national budget allocation to the health sector. Using Uganda National Household Survey data (UNHS) 2016/17, this study investigates the effect of OOP health expenditures on household welfare in Uganda. Due to the presence of endogeneity, the study employs a robust sampling instrumental variable technique to control for simultaneous causality between household welfare and the OOP health expenditure variable in the model. The findings show that a unit increase in OOP health expenditure reduces household food consumption expenditure by 9% and the household asset base by 2%, respectively. This study thus recommends the effective implementation of the Uganda National Health Insurance Scheme (NHIS), increased investment in preventive care services, and promotion of activities aimed at empowering health beneficiaries in Uganda to improve their household welfare. ","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"130 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82117180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Influence of Service Quality on Customer Switching Behaviour in Commercial Banks of Tanzania: Evidence from Selected Commercial Banks in Dar es Salaam","authors":"Seule Nzowa, N. Kara, Bahati D. Mbilinyi","doi":"10.56279/ter202213","DOIUrl":"https://doi.org/10.56279/ter202213","url":null,"abstract":"Intense competition causes Tanzanian banks to experience the threat of customer switching. Customers are sensitive to quality in their access to and use of banking services; hence, they are prone to switching to other banks since the services offered are similar. This study assesses how service quality influences customer switching behaviour among commercial banks in Dar es Salaam. The data constitute 400 randomly sampled customers at NBC Bank Ltd, TPB Bank Plc and NMB Bank Plc, collected using a structured questionnaire and analysed using multiple regression analysis. The main findings are that customers’ switching behaviour is significantly influenced by service reliability, assurance, tangibility and empathy, whereas responsiveness was found to be insignificant. These findings may help policymakers and commercial bank institutions in understanding the dimensions of service quality that may influence customer switching behaviour for the successful enhancement of quality services of the banks. ","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"150 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76413038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Monetary Aggregation and Speculative Real Money-Demand Equation: Theories, Evidence and Policy","authors":"Peter Ng’ang’a","doi":"10.56279/ter202211","DOIUrl":"https://doi.org/10.56279/ter202211","url":null,"abstract":"This paper uses Kenyan monetary data from 2000 to 2020 to examine whether new financial products have systematically changed the traditional relationship between monetary aggregates, interest rates and income by empirically analysing the log-linear money demand functions of the \"partial adjustment\" variety. In Kenya, financial market developments, financial deregulation and growth of cash-management methods offer a broad assortment of financial assets. Several assets possess investment and transaction abilities, which blurs the difference between holding money for transactions and assets and accounts for the erratic behaviour of broad money (𝑀2) . Varying growth rates of monetary aggregates provide evidence that monetary policy has been destabilizing, with the effects of the growth of money substitutes on real income and interest rate elasticities of demand for money in Kenya remaining unclear. The study finds that innovations in the payments process and changes in the regulatory environment have affected the demand for money in Kenya.","PeriodicalId":91807,"journal":{"name":"Tanzanian economic review","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77776364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}