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Dec 20, 2024Open Access
National Oil Companies (NOCs) have significant control over the world’s energy resources, holding about 80% of oil reserves and 70% of oil production, with similar figures for natural gas, both the economies of their home nations and the larger global energy market depend on these businesses. However, they perform in a wide range of ways, and a number of factors, such as labor costs, environmental regulations, corporate size, and financial stability, affect how efficient they are. This paper uti...
Aug 15, 2024Open Access
Granularity, a macroeconomics concept, explains how small economic shocks can cause significant fluctuations in the broader economy. The granularity hypothesis posits that large firms’ shocks disproportionately impact the economy, countering the idea that these shocks are balanced out at the macro level by the law of large numbers. Granularity, indicating the presence of both few large and many small firms, implies that firm size distribution adheres to a power law, thereby linking granularity a...
Aug 13, 2024Open Access
Government interventions play a crucial role in supporting smallholder farmers, as evidenced by this study that explores how government agricultural policies in Ghana impact the productivity of smallholder farmers, a vital sector of the nation’s economy. Through panel data analysis and fixed effects models, the study examines the influence of input subsidies, price supports, credit access, and extension services on farmer yields. The findings demonstrate a statistically significant positive effe...
Mar 01, 2024Open Access
Rural transformation is integrally linked with the wider processes of structural transformation taking place within a given country. Despite the recent upswing in growth within sub-Saharan Africa, economies are still narrowly based on the production and export of unprocessed agricultural products, renewable natural resources, minerals and crude oil. Even with optimistic scenarios on the growth of the manufacturing and services sectors, in formal job creation and agglom-eration effects, it will t...
Jul 31, 2023Open Access
The stock exchange and its performance are important indicators of the economic health of an economy. Electricity generation capacity supports industrialisation. National electricity distribution on the other hand, however, even when mediated with electricity imports to augment a low generation capacity, can complicate both manufacturing and non-manufacturing companies’ desire to operate in an economy which is attempting to industrialise. This is compounded if generation is not matched to consum...
Jun 30, 2023Open Access
This theory presents the theory of innovation in the attainment of economic sciences. It equally reviews economic literature and investigates innovation from different economic models. It first begins with the analysis of views on classical economics, including Adam Smith and David Ricardo. This is followed by discussions on theory in innovation today, as handled in the knowledge-based economy. Analyzing the achievements in economic thought outlines that innovation’s importance and relevance has...
Apr 28, 2023Open Access
The global COVID-19 has been in a repeating phase from 2019 to 2022, which has had a significant negative influence on commerce and the economy worldwide. The impact of the automotive industry has also altered significantly throughout this time. Several nations are scurrying to take advantage of the chance to revive the industrial sector. In an effort to help China’s automotive industry overcome the challenges posed by COVID-19 and actively integrate into the ASEAN market, this project will comb...
Apr 28, 2023Open Access
This study investigates whether Managerial overconfidence behavior can explain earnings manipulation using accruals activities in the Egyptian market. In order to reach a conclusion, a sample over the period 2006 to 2020 is analyzed to provide a sample of data about managers’ overconfidence behavior and accrual-based earnings management (AB_EM). Further, the results of this study reveal that managerial overconfidence does not impact the manipulation of earnings through discretionary accruals exc...
Dec 27, 2022Open Access
The National Revenue Authority (NRA) is a semi-autonomous government revenue authority established by an act of Parliament on 13 September 2002. Operations commenced the following year, in 2003. With the goal of increasing domestic revenue collection and decreasing donor dependence, its primary mandate is to assess and collect tax revenues on behalf of the Government of Sierra Leone (GoSL). Revenue collections are a key instrument for the Government of Sierra Leone in achieving its ambitions for...
Nov 30, 2022Open Access
In capital-scarce low-income economies, the lack of attractiveness to private foreign investment implies that the only readily available source of external financing for economic development must come from foreign aid which normally comes with an altruistic motive. However, despite, the long history of aid-giving to low-income countries and especially in West Africa, evidence of donor aid effectiveness and assistance is debatable, particularly with the dominance of cross-country studies in such ...
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