Department of Industrial Technology

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Author: search.filters.author.Dumbuya, IbrahimHas files: No

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    The Impact of Timber Export on Economic Growth in Sierra Leone
    (Science Research Publication, 2023-09-30) Dumbuya, Ibrahim
    Sierra Leone is one of thenatural resource-based economies in Africa that relies on its natural resource exports for growth. This study examines the impact of timber export on economic growth in Sierra Leone between 1990 and 2020 using time series data from the Statistic Sierra Leone and World Development Indicators. The analysis uses cointegration and error, correction models. The findings from the result showed that timber export has an insignificant effect on the economic growth of Sierra Leone in both the short and long run. The findings recommend, among other things, that policies aimed at increasing the productivity and quality of timber be implemented. Furthermore, the additional value needs to be added to the timber before exporting. Correspondingly, the professional knowledge and expertise needed to transform the harvested timber to final products made available by training local technicians in the timber processing value chain.
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    The Effect of Foreign Direct Investment on Economic Growth in Sierra Leone
    (Science Research Publication, 2023-10-31) Dumbuya, Ibrahim
    Sierra Leone is one of thepoorest economies in Africa that relies heavily on foreign direct investment (FDI) inflow for growth. This study examines the impact of FDI on economic growth in Sierra Leone between 1990 and 2020 using time series data from the World Development Indicators (WDI). The analysis uses cointegration and error, correction models. The findings from the result showed that FDI has a significant positive effect on the economic growth of Sierra Leone in both the short and long run. The findings recommend, among other things, that policies aimed at increasing the productivity and growth be implemented. Furthermore, since FDI of the economy is also significant, government should make further efforts to strengthen the implementation of it reform agenda which has the potential to attract more FDI into Sierra Leone. This is true because, the inflow of FDI has been on the increase because of the increase in exportation since the introduction of certain reform measures by the government which have further encouraged and boost foreign investment in various sectors of the economy.