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ANALYSIS OF THE IMPACT OF ECONOMIC GROWTH , EXTERNAL DEBT AND POPULATION GROWTH ON POVERTY LEVELS IN ZAMBIA : AN AUTOREGRESSION DISTRIBUTED LAG ( ARDL ) ANALYSIS ( Conference ID : CFP / 693 / 2018 )
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2019 |
| Abstract | Poverty is both a social and economic phenomenon that has ravaged many countries around the globe. The impact of poverty cannot be underrated and its ugly face manifests in people’s poor living standards, poor health, higher child mortality rates and high levels of illiteracy among others. In order to fight the woes of poverty, governments employ different policies including population control, positive economic growth and investment is social and economic sectors. Thus, this study sought to establish the significant impact of economic growth, external debt and population growth on poverty levels. Using time series data from 1980-2016, and employing the Auto Regression Distributed Lag (ARDL) model, the study found that there exist a significant long run relationship and that while individually economic growth was found to be insignificant, external debt and population growth were found to be negatively significant. In the short run however, only external debt significantly influences poverty. The study concluded that the insignificant impact of economic growth on poverty could be as a result of an influx of foreigners who after earning their profits and paying meagre wages to domestic employees externalise their profits leaving only working capital. On external debt, the study concluded that the significant negative impact of external debt on poverty is because the increase in external debt leverages domestic private borrowing and crowds-in private investment. And on population growth, the study concluded that growth in the population provides the economy with an increased supply of human capital and the expansion of markets for goods and services. The study recommended that a policy on external debt ceiling be put in place and that the government should ensure that the projects in which the contracted debt is injected produce results and pay back so that a certain level of debt is maintained and lastly that the government should also devise a system of quotas for the profits that foreign national and multinational companies externalise to their countries |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.multiresearch.net/cms/publications/CFP6932018.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
