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International Journal of
Humanities and Social Science Research
ARCHIVES
VOL. 5, ISSUE 3 (2019)
Zimbabwe economic indicators and the global peace index ranking
Authors
Shame Mukoka, Edward Tshuma, David Chibhoyi
Abstract
This study examined the relationship between the Global Peace Index Ranking and Economic Indicators for Zimbabwe. The Global Peace Index Ranking was used as the regressor and Economic Indicators represented by Inflation, Foreign Direct Investment and Interest Rates as the regressend. The data covered period 2010-2018. In this study, we used the Ordinary Least Squares to estimate the regression equation as the data were stationary at levels. After all necessary statistical tests were undertaken, it was determined that the model was reasonably well specified as indicated by the F-statistic results. The estimation results revealed that there is a significant inverse relationship between Global Peace Index Ranking and Foreign Direct Investment, meaning to say, the higher the percentage in the Global Peace Index Ranking the lower the Foreign Direct Investment and vice-versa. The study also determined a positive relationship between Global Peace Index Ranking and Inflation, meaning to say, the higher the percentage in the Global Peace Index Ranking, the higher the Inflation Rate and vice-versa. However, there was no relationship determined for Global Peace Index Ranking and Interest Rates. Basing on these results, the Zimbabwean government should endeavour to decentralise the management of protests, by coming up with structures at community levels that would ensure peace prevails in the country, thus enhancing the acquisition of the much needed Foreign Direct Investment and keeping Inflation at manageable levels.
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Pages:09-13
How to cite this article:
Shame Mukoka, Edward Tshuma, David Chibhoyi "Zimbabwe economic indicators and the global peace index ranking". International Journal of Humanities and Social Science Research, Vol 5, Issue 3, 2019, Pages 09-13
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