Browsing by Author "MTONGA, Allan Wengo"

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    An Assessment of the Effectiveness of Green Fiscal Policy in Promoting Economic Growth in Zambia.
    (2026) MTONGA, Allan Wengo
    This study investigates the effectiveness of green fiscal policies in promoting economic growth in Zambia through empirical analysis. Utilizing a multiple linear regression model, the relationships among key variables, including economic growth, green fiscal policies, technological innovation, business practices, and investment patterns, are quantified. STATA software is employed for regression analysis, accompanied by diagnostic assessments for multicollinearity and heteroscedasticity. Fictitious yet contextually relevant data is used for illustration. Descriptive statistics showcase the central tendency, dispersion, and distribution of variables. Regression results reveal positive and statistically significant relationships between economic growth and each independent variable, indicating the expected change in economic growth for a one-unit change in each respective variable. Hypothesis testing supports the anticipated positive impact of green fiscal policies, technological innovation, business practices, and investment patterns on economic growth. Diagnostics confirm the reliability of the regression model, with no multicollinearity concerns and homoscedasticity not rejected. Further assessments, including the Durbin-Watson test for autocorrelation and the Ramsey RESET test, enhance the model's robustness. The discussion underscores the multifaceted nature of fostering environmental sustainability, emphasizing the positive relationship between green fiscal policies and economic growth. The absence of multicollinearity and acceptance of homoscedasticity enhance the reliability of the findings. Implications highlight the positive influence of green fiscal policies, technological innovation, business practices, and investment patterns on economic growth, suggesting a comprehensive approach to sustainability in Zambia. The study concludes with recommendations for the Ministry of Finance and National Planning, emphasizing actionable, realistic, and attainable measures. Strategies for implementation are proposed, involving relevant local institutions and sectors to ensure practical and impactful policy execution.