Research collection
551 publications
JOURNAL ARTICLEOluwatoyin Ayodele Ajani
International Journal of Research in Business and Social Science · 2023
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The significance of professional development in the educational system cannot be overstated as it has a direct impact on the quality of teaching and learning. Furthermore, it has the potential to shape the classroom practices and performances of teachers. Teachers participate in diverse professional development endeavours to enhance their instructional methodologies. The efficacy of said activities is contingent upon their influence on pedagogical practices within the classroom. The process of selecting three department heads and five teachers from a pool of eight public high schools in the King Cetshwayo District of KwaZulu-Natal Province was conducted through purposive means. The present study employed a qualitative research methodology to gather data from a sample of economics teachers. Specifically, semi-structured face-to-face interviews were conducted with five teachers from each of the five schools. Additionally, a focus group interview was conducted with the three heads of departments (HoDs) from three high schools, which were selected based on convenience. The Andragogy theory served as a theoretical framework that formed the basis for the professional development activities of teachers. The data that was gathered has been presented thematically and through interpretation. Teachers expressed dissatisfaction with the insufficient and sporadic professional development opportunities they have participated in. The training sessions and workshops failed to cater to the specific requirements of the classroom and were conducted during hours that caused interference with their classroom engagements. The teachers expressed the belief that their professional requirements should be evaluated through consultation, assessment, or observation by senior teachers or Heads of Departments. It is recommended that teachers receive regular training and workshops on a termly basis, with sufficient support provided to ensure their attendance. Effective monitoring and follow-up procedures are imperative for the achievement of favourable outcomes in professional development.
DOI 10.20525/ijrbs.v12i8.28986 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEMmakwena Modipa
International Journal of Research in Business and Social Science · 2023
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Road traffic accidents are a major, but neglected global public health problem, requiring intensive efforts for effective and sustainable prevention. Of all the systems that people must deal with daily, road transport is the most complex, and the most dangerous. Road safety is an issue of national concern, considering its magnitude, gravity and the consequent negative impacts on the economy, public health and the general welfare of the people in South Africa. Road traffic accidents are a collective responsibility and all major stakeholders need to play their role in road safety and ensure that road users are safe whenever they are on the road. One of the major challenges for road traffic authorities in preventing road traffic accidents in South Africa is the inability of road users to understand and interpret the rules of the road and this contributes to a high rate of fatalities on the road. This qualitative article adopted the non-empirical research design: Systematic review. This study is completely based on the secondary data. A systematic review was done in detail for the collected literature. The key findings indicated that road users do not obey the rules of the road: jaywalking, speeding, driving and walking while impaired contribute to a high rate of fatalities on the road. The findings further indicated that law enforcement officials are not enforcing the law consistently which compromises the road safety project. Based on the findings, the author provided possible recommendations such as providing road safety campaigns throughout the year; capacitating law enforcement officials with resources to prevent road traffic accidents.
DOI 10.20525/ijrbs.v12i8.29406 Crossref citations7 OpenAlex citations
JOURNAL ARTICLEBlessing Takawira · David Pooe
International Journal of Research in Business and Social Science · 2023
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This research aimed to identify the key drivers of the pharmaceutical supply chain during the COVID-19 pandemic disruption, focusing on the South African pharmaceutical industry. The study aimed to unveil the dynamic strategies and challenges experienced during the pandemic and suggest recommendations for resilient supply chain operations. The study drew on established supply chain management theories and integrated them with the unique and novel circumstances of the COVID-19 pandemic. It mainly referred to theories regarding pricing, strategic sourcing, ICT usage, product availability, and logistics management contextualised within the pharmaceutical industry. An exploratory research approach was adopted to uncover the five overarching themes that function as pharmaceutical supply chain drivers during the COVID-19 pandemic. Semi-structured interviews were used to acquire the primary data with industry supply chain professionals, supplemented with secondary data from industry reports and relevant literature. The findings revealed that the pricing of medications, strategic sourcing decisions, information and communication technology, the availability of pharmaceutical products, and logistics management played critical roles in the pharmaceutical industry's supply chain during the COVID-19 pandemic. Disruptions caused by the COVID-19 pandemic led to challenges such as price hikes, supply shortages, and logistical complications. The study provides crucial insights into managing supply chain disruptions amid a global health crisis. Implementing dynamic pricing mechanisms, developing resilient sourcing strategies, using ICT effectively, improving inventory management, and enhancing logistics management are recommended for robust supply chain operations. The findings contribute to academia by enriching the existing body of knowledge and offering practical solutions for industry supply chain professionals. The research is original and timely, offering a unique perspective on the South African pharmaceutical industry's supply chain during an unprecedented global health crisis. The results are valuable for academia and industry, shedding light on the adaptive strategies, challenges encountered, and lessons learned from navigating the pharmaceutical supply chain during the COVID-19 pandemic.
DOI 10.20525/ijrbs.v12i8.29734 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEMisheck Dube
International Journal of Research in Business and Social Science · 2023
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Widowhood in Africa presents unique challenges for women due to cultural and social factors. This paper discusses the challenges of widowhood in African contexts with a view that various social, cultural, legal, financial, and economic issues are at the centre of the challenges widows face in Africa. A thematic literature review was used to examine the multifaceted challenges faced by widows in African societies. Findings show that widows in Africa face multiple challenges, including limited healthcare access, property rights, social support, and harmful traditional practices, impacting their well-being across various dimensions. Cultural attitudes, legal barriers, resource constraints, limited awareness, and the complex interplay of these factors hinder effective interventions. The literature review also found that changing cultural norms, improving access to education and economic opportunities, and strengthening social protection systems are crucial steps towards creating a more inclusive and equitable society for widows. The paper concludes that comprehensive and coordinated strategies are necessary to address these multifaceted challenges, including legal reforms, economic empowerment, awareness campaigns, and the provision of essential resources. Further, collaborative implementation of these strategies can promote gender equality, reduce poverty, and enhance the lives of widows in African countries. Further, there is a need for the urgency of comprehensive interventions and support systems to alleviate the hardships faced by widows in African societies.
DOI 10.20525/ijrbs.v12i7.27757 Crossref citations10 OpenAlex citations
JOURNAL ARTICLEMandisi Matyana · Xolani Thusi
International Journal of Research in Business and Social Science · 2023
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Citizens with disabilities have the same rights as those without disabilities, and they are entitled to the same benefits as everyone else. Because of their mobility, people who do not have disabilities have greater access to public services. People with disabilities typically face difficulties in accessing government services due to the location of government offices, the physical structure of such offices, and the fact that they rely on others to access some of the services provided by the government. More government offices are located in urban areas, while the majority of people with disabilities live in rural areas, making it even more difficult for them to access government services such as health facilities, educational institutions, civic and social services. This paper examines what the South African government can do to make service delivery even more accessible to people with disabilities. To benefit this paper, the qualitative approach was used to collect data through a review of secondary sources.
DOI 10.20525/ijrbs.v12i7.27133 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEAndrew Enaifoghe
International Journal of Research in Business and Social Science · 2023
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The study looked at how the differences in gender and the social setting affect society's perceptions of women’s ability to communicate as leaders. Research shows how culture influences individual thinking, language, communication, and behaviour. The study indicated that gender construct influences individuals’ attitudes, emotions, and behaviours. The same is true for assigned positions in society depending on gender and leadership position. The problem identified cultural aspects of leadership that represent variations in gender norms and communication styles for women in leadership and elements linked to sexual distinction. This article, therefore, focuses on the problems that culture influences gender communication. The research adopted a qualitative approach, a systematic analysis of the literature of the baseline data collected, forming part of a randomised controlled sample collection. The findings indicate the persistent gender discrepancies in communication in several contexts, as women prefer to use more concrete vocabulary in several contexts, emphasising how people can achieve goals, including specifics, and using terms that are easy to imagine. It is no mystery that we are in a period of transformation, and attitudes about sex and gender leadership are changing, therefore, understanding the problems of sexual difference and women’s ability to communicate in leadership can be addressed by creating and strengthening an adequate framework with the condition of a mentality change.
DOI 10.20525/ijrbs.v12i7.27208 Crossref citations10 OpenAlex citations
JOURNAL ARTICLEAndrew Enaifoghe · Nduduzo Ndebele
International Journal of Research in Business and Social Science · 2023
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The study explored the adoption of information communication technologies (ICT) and its integration in Africa as an e-Government system. The article contributes to the continuing debate regarding the constraints that developing-country e-government systems face when it comes to the implementation and adoption of ICT as e-Governance for service delivery and the realization of socio-economic development. The study covers the various stakeholders who may have an impact on the implementation of e-Government at the grassroots level. It also highlights the barriers cited by other scholars of e-Governance that require local government attention. The impediments include challenges with governance, access to resources, leadership, ICT skills and funding. The study primarily relies on secondary data that is available in both the private and public domain to produce qualitative primary data. The research observations are on the essential role that local municipalities play in pursuing e-Government by using inductive thematic data analysis. The research concluded that the planning and implementation of e-governance should focus on finding methods to address a variety of issues which includes amongst other ensuring that the existing e-Governance initiatives gives valuable insight into what works and what does not, and provides meaningful guidance in developing and refining e-governance.
DOI 10.20525/ijrbs.v12i7.272310 Crossref citations10 OpenAlex citations
JOURNAL ARTICLETrisha Ramsuraj
International Journal of Research in Business and Social Science · 2023
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The study looked at the role and contribution of entrepreneurship industry to foster social and economic development through small, micro, and medium-sized businesses in South Africa. The conceptual research looked at the influence of small, micro, and medium-sized businesses (SMMEs) on South African development. The study's objective was to evaluate how small, medium-sized businesses (SMMEs) are now driving economic growth and solving social issues in a setting where big businesses and governments appear to be doing very little. As a result, the study examines how SMMEs might help the nation solve persistent societal evils including poverty, inequality, and social isolation. A desktop literature review research design was adopted to collect data on the role of entrepreneurship in South Africa, policies and practices of big business and government that exacerbate social issues in communities and impede socioeconomic development, as well as the specific roles that SMMEs play in achieving socioeconomic development goals. Findings from research indicate that, among other development outcomes, SMMEs are at the vanguard of creating jobs and fostering social and political justice in the nation. Future empirical studies that account for and evaluate the importance of SMME contributions to the construction of economic, social, and political justice in the nation are advised because this work lacks the empirical support necessary to substantiate its conclusions and observations.
DOI 10.20525/ijrbs.v12i7.273015 Crossref citations17 OpenAlex citations
JOURNAL ARTICLEMakhulu Makumane · Tawanda W. Mataka · Walter Sengai · S. Ngcobo
International Journal of Research in Business and Social Science · 2023
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The digital divide (DD), which refers to the gap resulting from unequal access to digital technology hardware, software and ideological-ware resources, arises from disparities in accessing, material and physical resources that enable internet access. In the contemporary world, this divide extends beyond internet access to include the ability to manipulate educational technologies in the knowledge building process. Therefore, the installation of the internet infrastructure in communities should not be considered as the sole facility to access. In attempting to curb the DD, blended learning is seen to be a possible viable option. It is against this backdrop that this article sought to explore the role of blended learning in neutralising DD. This qualitative case study employed the resources and appropriation theory as a lens to analyse DD as a result of societal inequalities and unequal distribution of resources. The community of Inquiry (COI) framework was also used as a theoretical lens to guide the implementation of social and cognitive knowledge-building in a blended learning context. The reported study employed purposive sampling involving 26 participants who were the recipients of blended learning in one institution of higher learning (HEI) in Lesotho. Data were generated through reflective journals and one-on-one semi-structured interviews, and guided analysis was used to interpret the generated data. The findings established that blended learning has the capacity to neutralise DD, as it affords students the flexibility to design and engage in individualised learning experiences through both offline and online modes of teaching and learning, thereby meeting their access needs. The recommendation proposed in this article, thus, is for HEIs to adopt blended learning to eliminate categorical inequalities and social divisions in education, ideally promoting equilibrated inclusion of individuals from diverse socio-economic backgrounds in the teaching and learning process.
DOI 10.20525/ijrbs.v12i7.27409 Crossref citations11 OpenAlex citations
JOURNAL ARTICLEHlengiwe Mabizela · Zwelithini Zwane
International Journal of Research in Business and Social Science · 2023
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The present study undertakes an analysis of monitoring and evaluation as a pragmatic methodology for enhancing the efficacy of municipalities in the context of South Africa. Research findings indicate that a significant obstacle faced by South African municipalities is the issue of substandard performance. These aspects can be linked to several reasons, such as inadequate allocation of resources, limitations in capacity, and deficiencies in monitoring and assessment processes. This article posits that the use of monitoring and evaluation (M&E) is crucial in addressing instances of suboptimal performance within municipalities. There exists a necessity to enhance the monitoring and evaluation (M&E) systems in order to attain efficient performance management and ensure the provision of high-quality service delivery. The research was conducted among three distinct municipalities, namely Amajuba, uThukela, and uMgungundlovu, located in the province of KwaZulu-Natal (KZN). The sample population comprised of municipal officials belonging to the Performance Management System (PMS) and Corporate Services units. The study employed a qualitative methodology and deliberately selected important participants who possessed knowledge and a comprehensive understanding of the subject matter under investigation. Furthermore, it is worth noting that the sample size consisted of 20 people. The researchers organized focus group conversations in order to gather data, which was subsequently controlled through the utilization of the NVivo software application. The findings of the study indicate that monitoring and evaluation (M&E) is a crucial component in enhancing the performance of local government. Its primary purpose is to establish the essential circumstances for achieving greater levels of performance that are sustainable over an extended period. Municipalities are required to demonstrate a firm dedication to the prioritization and adoption of municipal monitoring and evaluation (M&E) as an essential tool for facilitating progressive local governance. This commitment involves the institutionalization of M&E practices, the enforcement of mandatory adherence to established systems and procedures, the integration of information technology systems to enhance and fortify the implementation of M&E, and the utilization of participatory M&E approaches to assess the effectiveness of municipal functions and development endeavors.
DOI 10.20525/ijrbs.v12i7.274610 Crossref citations11 OpenAlex citations
JOURNAL ARTICLEDavid Mhlanga · Hannah Dunga
International Journal of Research in Business and Social Science · 2023
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The primary aim of this study was to assess the demand for internet services before and during the Covid-19 pandemic, considering the challenges and opportunities brought about by the global health crisis. While the pandemic has had numerous negative impacts on people's lives, it has also facilitated advancements in technology, particularly the adoption of the 4th industrial revolution. To explore the positive impacts of these technological advancements, the study focused on analysing changes in household internet usage using the 2019 and 2021 General Household Survey data obtained from STATS SA. The study examined the shifts in internet usage between the two data sets and found a modest increase in internet usage over time. To further investigate the determinants of household internet usage, the study employed descriptive analysis, cross-tabulations, and a binary logistic regression model. Income, age, household size, and gender were used as independent variables, while internet usage served as the dependent variable. The results revealed that all the independent variables were statistically significant factors influencing the probability of internet usage. Income and household size demonstrated a positive relationship with internet usage, indicating that higher levels of income and larger household sizes were associated with increased demand for internet services. Conversely, the age of the household head showed a negative effect on internet usage, suggesting that as individuals grew older, their likelihood of using the internet decreased. Additionally, the study found that male-headed households exhibited higher levels of internet usage compared to their female counterparts. To ensure that digital inclusion is prioritized, it is crucial for authorities to ensure that internet access is accessible to low-income households. Addressing the disparity in internet usage between higher and lower-income households is essential. Government regulators can encourage broadband providers to expand affordable internet access, while reducing administrative burdens to facilitate network deployment, thereby supporting the current levels of internet usage, and promoting further growth. By considering these findings, policymakers and stakeholders can develop strategies to bridge the digital divide and ensure equal access to internet services for all segments of society. This will contribute to a more inclusive and equitable digital landscape, fostering social and economic development in the medium to long term.
DOI 10.20525/ijrbs.v12i7.27816 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEIgnitia Motjolopane · Martin Chanza
International Journal of Research in Business and Social Science · 2023
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Assessing the readiness and maturity of small and medium enterprises (SMEs) is a foundation for implementing emerging technologies like big data analytics and artificial intelligence to drive their digital transformation endeavours. This study emphasises that readiness and maturity dimensions offer descriptive and prescriptive guidelines for gauging the current and desired levels of preparedness and maturity required to achieve desired digital transformation outcomes. However, prevailing readiness and maturity models overlook the diverse stages of advancement in big data analytics and artificial intelligence. This research explores the dimensions essential for assessing SMEs' readiness to adopt big data analytics and artificial intelligence. This paper identifies the key dimensions for evaluating SMEs' readiness and maturity across different categories of big data analytics and artificial intelligence by conducting a systematic literature review and employing cluster analysis. The study's principal findings underscore that SMEs' readiness for maturity is influenced prominently by strategic leadership and organisational culture, closely trailed by information technology, security, and business model transformation. Additionally, three pivotal dimensions encompass data analytics and governance, cost-benefit and risk management, and environmental factors. Consequently, proposing that evaluating digital readiness and maturity for SMEs should encompass these six dimensions, thoughtfully considering various prerequisites related to analytics and artificial intelligence.
DOI 10.20525/ijrbs.v12i7.283711 Crossref citations15 OpenAlex citations
JOURNAL ARTICLEDouglas Chiguvi · Keneilwe Bakani
International Journal of Research in Business and Social Science · 2023
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The COVID-19 pandemic prompted a widespread shift towards remote work, driven by the imperative of social distancing. This transition has compelled organizations and individuals worldwide to explore alternative employment arrangements. Botswana, like many other nations, witnessed a significant uptake of remote work, leading to the formulation of remote work policies by numerous institutions. To ensure the viability of these policies, it is essential to consider their practicality for both companies and employees. The pandemic offered institutions such as the Botswana Unified Revenue Service (BURS) an opportunity to investigate the efficacy of working-from-home (WFH) arrangements, which could play a pivotal role in shaping future labor policies to accommodate flexible working hours. This study leverages data from BURS to scrutinize the impact of WFH during the COVID-19 pandemic on employee productivity in Botswana. Employing descriptive qualitative research methods and conducting in-depth interviews with 18 BURS personnel who experienced WFH during the lockdown, the study employs theme analysis and non-probability sampling to analyze the collected data. The findings reveal that WFH contributed to increased employee productivity, underscoring the importance of allocating adequate resources to optimize WFH performance in organizations.
DOI 10.20525/ijrbs.v12i6.25056 Crossref citations10 OpenAlex citations
JOURNAL ARTICLEShikha Vyas-Doorgapersad
International Journal of Research in Business and Social Science · 2023
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The gender wage gap exists in South Africa because men outnumber women. Women's standing compared to men shows this. Gender equality requires equal opportunities and resources for women and men. Sustainable Development Goal 5 addresses gender equality. This article examines social, economic, political, institutional, and other factors that hinder SDG 5's implementation in South Africa to highlight gender inequality's challenges. The study employed qualitative desktop analysis to acquire data. To learn about gender and related terminology, the literature was reviewed. The literature review required reading journal articles, books, research papers, newspapers, websites, government documents, and acts. The results show that institutional and legal frameworks have been used to address gender equality in the nation. Despite equal prospects for men and women, prejudice against women exists, especially in the workplace. Uneven opportunity, underrepresentation, and gender bias are examples. The findings show that gender equality in South African national, provincial, and municipal institutions requires political, financial, institutional, and capacity-building resources. The essay offers SDG-5 strategies.
DOI 10.20525/ijrbs.v12i6.26875 Crossref citations7 OpenAlex citations
JOURNAL ARTICLEOluwatoyin Ayodele Ajani
International Journal of Research in Business and Social Science · 2023
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Various existing studies have established the multi-faceted nature of social inequalities in South Africa. The social inequalities also segregate schools into urban and rural schools, with adequate or lack of infrastructure influencing learners' performances in various South African schools. Hence, school principals are expected to manage the available resources to attain curriculum delivery and the whole school's performance. This qualitative study explored principals' perspectives on managing uneven school resources to achieve the goals and objectives of the education system. This study adopted an interpretive paradigm to understand the voices of 20 rural school principals in semi-structured interviews. The principals were purposively selected from 20 rural schools in King Cetshwayo district in KwaZulu-Natal. The audio-recorded interviews were thematically analysed to generate themes for findings and discussion. Findings revealed that most rural schools need more adequate school resources, and the principals need more support to attain quality curriculum delivery in schools adequately. The principals also lamented the high expectations placed on their schools for the academic excellence of their learners. Thus, the contents of each subject curriculum could not be efficiently unpacked and delivered to learners. The study, therefore, recommends improvement in resource provision to rural schools. At the same time, principals should be capacitated on effectively managing available school resources to achieve desired and efficient curriculum implementation in rural schools.
DOI 10.20525/ijrbs.v12i6.270915 Crossref citations18 OpenAlex citations
JOURNAL ARTICLEKenneth Ohei · Evangelos Mantzaris · Bhekabantu Alson Ntshangase · Enitan Olumide Olutade
International Journal of Research in Business and Social Science · 2023
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The constantly evolving technology landscape inevitably calls for technological integration in learning and education. It is essential in the world we live in today for every learning method to include the use of new technologies. The study's primary goal is to examine strategies to integrate modern technologies into teaching in South Africa. The paper strives to understand the state of education in South Africa; the government’s contribution to education so far; teachers’ attitudes and competencies; as well as, and the benefits that new technologies can offer the education system in South Africa. A systematic review of literature that relates to the infusion of conventional technologies into educational settings has been adopted. The research conducted in this paper demonstrated that integrating technology into the teaching-learning process can be a useful strategy for training educators and learners for improved learning and educational outcomes in South Africa. Furthermore, the study's findings revealed that many South African instructors have a negative attitude regarding the usage of modern technologies for teaching. The paper recommended that the government should prioritizes funding for education; and concluded that blended learning is best used as the instructional strategy in South African classes.
DOI 10.20525/ijrbs.v12i6.27159 Crossref citations11 OpenAlex citations
JOURNAL ARTICLENombeko Gumbo · Peter Nkala
International Journal of Research in Business and Social Science · 2023
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Trade facilitation is widely touted in the literature as a means to increase trade, capital inflows, and economic growth as a result of lower transaction costs; however, its implementation and efficacy pose challenges, especially for developing nations. Despite controversies and differing perspectives on these challenges, some of which were published prior to February 22, 2017, when the Trade Facilitation Agreement went into effect, there is no meta-analysis that evaluates the validity of these challenges. This qualitative meta-analysis is a systematic review of qualitative research examining the difficulties and obstacles developing countries face in instituting trade facilitation reforms. This document lays the groundwork for resolving general trade facilitation implementation challenges in Southern Africa, and in particular Zimbabwe. Significant obstacles to the successful implementation of trade facilitation initiatives include limited financial resources, infrastructural inadequacy, and inadequate institutional architecture. Requisite human capital inadequacy is one of the primary impediments to the successful implementation of the trade facilitation reform process. The elimination of these obstacles would unquestionably boost innovation in trade and commerce, as well as the region's trade legitimacy. Trade liberalization, improvement of legal inter-regional trade, and active participation by merchants in global value chains could be advantageous to governments in developing countries through trade facilitation.
DOI 10.20525/ijrbs.v12i6.27524 Crossref citations6 OpenAlex citations
JOURNAL ARTICLEAlan B. Buthelezi · Oluwatoyin Ayodele Ajani
International Journal of Research in Business and Social Science · 2023
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The South African educational system relies on school management. The link between good management and academic success is well-established. This study examined establishing participatory school management as part of secondary school reform in South Africa. The study sampled schools in KwaZulu-Natal's King Cetshwayo area. The relationship between participatory management and school reform was quantified. The study investigated school participatory management literature. Primary data was also collected from 25 school principals from 25 schools in King Cetshwayo's Nkandla, Richards Bay, uMlalazi, and uMthonjaneni circuits. The research suggests that most schools need participatory management to transform. Principals without participatory management methods may confront problems when administering their schools. Principals should promote this unique school management strategy. Thus, South African school principals should include other stakeholders in school management.
DOI 10.20525/ijrbs.v12i6.27088 Crossref citations9 OpenAlex citations
JOURNAL ARTICLEDradjad H Wibowo · Yulia Estri Mardani · Muhammad Iqbal
International Journal of Finance & Banking Studies · 2023
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In the past decade, Southeast Asia has seen the development of financial inclusion, as evidenced by the growth of the penetration, availability, and usage dimensions of financial inclusion. This study analyses the impact financial inclusion has on economic growth, represented by GDP per capita growth, and unemployment using data from Indonesia, Malaysia, Thailand, the Philippines, and Cambodia. The authors employed panel data regression with fixed effect and random effect models to analyse the data. The results show that the number of commercial bank branches and outstanding loans statistically significantly affect GDP per capita growth, while the number of saving/deposit accounts does not. All three variables are shown to have a statistically significant impact on unemployment.
DOI 10.20525/ijfbs.v12i2.27708 Crossref citations8 OpenAlex citations
JOURNAL ARTICLEOscar Chiwira
International Journal of Research in Business and Social Science · 2023
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This study investigated the nexus between financial development and economic growth, exploring the short-run and long-run impact of financial development on economic growth in the Sothern African Development Community (SADC). The SADC was fragmented into middle-income countries and low-income countries so as to ascertain the income effect on the nature of the relationship, an exploration not considered by previous studies. The study used panel data covering the period 1980 to 2020. It employed the Autoregressive Distributed Lag (ARDL) Bounds and the Toda and Yamamoto and Dolado and Lütkepohl (TYDL) models to examine the relationship and the direction of causality respectively. In the short run, financial development, through domestic credit to the private sector, spurs economic growth and in the long run financial development focus should be on promoting bank deposits. Causality tests between economic growth and financial development tests showed mixed results depending on the variable used for measuring financial development. In addition, the SADC countries are encouraged to strengthen their financial sector legislation, strategies, and banking system supervision so as to enhance the financial sector efficiency as well as to realise the benefits of financial innovation.
DOI 10.20525/ijrbs.v12i5.24396 Crossref citations8 OpenAlex citations