scholarly journals FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN THE SELECTED EAST AFRICAN COMMUNITY COUNTRIES: EVIDENCE FROM PANEL UNIT ROOT AND COINTEGRATION TEST.

2016 ◽  
Vol 4 (8) ◽  
pp. 576-588
Author(s):  
Asiimwe Julian ◽  
◽  
Mbabazi Mbabazize ◽  
OkelloJohn Paul. ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Unit Root ◽  
Financial Sector ◽  
Cointegration Test ◽  
East African ◽  
Panel Unit Root ◽  
East African Community ◽  
Financial Sector Development ◽  
African Community

scholarly journals Investigating the Relationship Between Financial Integration and Economic Growth in the East African Community

2017 ◽  
Vol 13 (19) ◽  
pp. 249
Author(s):  
Onesmus Mutunga Nzioka
Keyword(s):  
Economic Growth ◽  
Financial Integration ◽  
Positive Impact ◽  
Simple Linear Regression ◽  
East African ◽  
East African Community ◽  
African Community ◽  
Economic Bloc ◽  
Gross Capital Flows ◽  
The Relationship

This study set out to investigate the relationship between financialintegration and economic growth in the EAC community states. Secondarydata on financial integration and GDP was obtained from worldbank and theEast African Community(EAC) community secretariat. The data wassubjected to simple linear regression and correlation analysis to achieve theset objective. The study found that, Gross capital flow to GDP (financialopenness) is positively correlated to economic growth (r=0.2093, p <0.05).The study also found that, 3.98% of the variations in economic growth, asmeasured by GDP per capita, within the countries are explained by financialintegration, as measured by the ratio of gross capital flows, 38.98% of thevariations in economic growth between the countries are explained byfinancial integration while 4.38% of the variations in economic growth of theEast African communityEAC as an economic bloc (considering panel data)are explained by financial integration. The findings confirm that, whencapital flows increase, economic growth also increases, pointing to thenecessity of the East African member states to explore ways of increasing thecapital flows between the countries. The researcher recommends conductingof a comparative study between the old and the new EAC to establishwhether the inclusion of Rwanda and Burundi, has had any positive impact(catalyzed) on the level of financial integration and economic growth.

Sustainable Development Goals and Their Implication on Economic Growth

2018 ◽  
pp. 47-65
Author(s):  
Mangasini Atanasi Katundu
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Sustainable Development Goals ◽  
East African ◽  
Smallholder Farming ◽  
Member States ◽  
The Sustainable Development ◽  
East African Community ◽  
African Community ◽  
Development Goals

The MDGs have been criticised for being too narrow and leaving out many people and their needs, like mental health. Likewise, not all MDGs were implemented successfully in all countries. Some countries implemented one or two MDGs of their choice and left others untouched, others partially implemented all MDGs. It was on this basis that the UN member states met in Rio to frame the Sustainable Development Goals (SDGs). However, in order for the SDGs to address systemic challenges across economic, social, and ecological dimensions of sustainable development they require appropriate institutional support to effectively integrate them into institutions and practices, to coordinate activities, and to mobilize resources for implementation. Rising income inequality negatively impacts economic growth and is threatening sustainable development of East African Community (EAC) member states. Since, the SDGs are many, it is recommended that, East African Member states should adopt a targeted approach in implementing the SDGs and focus on the smallholder farming sector.

scholarly journals Rwanda

2020 ◽  
pp. 126-146
Author(s):  
Pritish Behuria
Keyword(s):  
Banking Sector ◽  
Financial Sector ◽  
Developmental State ◽  
East African ◽  
East African Community ◽  
Global Standards ◽  
Adoption And Implementation ◽  
African Community ◽  
Direct Lending ◽  
The Government

Until recently, the Rwandan government had not formally adopted global financial standards beyond Basel I. However, in 2015, the government’s stance changed and politicians made a formal commitment to the rapid adoption and implementation of Basel II and III. This exuberance for adopting global standards is puzzling given that Rwanda’s financial sector remains largely underdeveloped and the government is aiming to become a developmental state. The motivations behind this policy shift are to reduce risk in the financial sector, encourage harmonization of financial sector regulation across the East African Community (EAC), and develop a service-based economy, including by making Kigali a financial hub. Yet ambitious fast-paced policy-driven adoption in Rwanda conflicts with developmental state goals of direct lending. Adoption is beset with potential problems, with uncritical adoption of global financial standards likely to create difficulties for the domestic banking sector in the short-to-medium term.

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