Browsing by Author "Mugizi, Francisco M.P."

Now showing 1 - 4 of 4
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    The Determinants of Interest Rate Spreads in Developing Countries: Evidence on Tanzania, 1991-2009
    (2011) Mugizi, Francisco M.P.; Aikaeli, Jehovaness; Ndanshau, Michael O.A.
    The now market based financial system in Tanzania is characterized by relatively high interest rate spreads. This paper sought to establish relative importance of macroeconomic and regulatory factors in explaining persistence of interest rate spread in Tanzania during the period 1991:I - 2009:IV. A Cointegration and Error Correction Model (ECM) was used to fit the data for Tanzania. The results revealed the interest rate spreads in Tanzania were strongly influenced by net government borrowing from commercial banks, development of the banking sector, statutory minimum reserve requirement and the discount rate. Among others, the results suggest the importance of low discount rate and reduced or total dispense with reserve requirement as a monetary policy strategy to reduce interest rate spreads in Tanzania. Importance of price stability in financial deepening is also underscored by the results.
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    Do Hegemonic-Party Regimes Reward or Punish Voters? ATale of Distributive Politics in Tanzania
    (SAGE, 2022) Mugizi, Francisco M.P.; Pastory, Parestico
    Does resource allocation by the central government to local governments in Tanzania favour opposition or the ruling party’s strongholds? The literature advances two opposing theories – electoral competition and hegemonic party hypotheses. We use unique data on fiscal transfers and human resource allocations to investigate the effect of electoral support on government allocations. Contrary to the two hypotheses, we find no political bias in fiscal resources transferred to local governments. Similarly, we find no strong evidence to suggest any political bias in human resource allocation. On the whole, neither does the evidence confirm nor conclusively disconfirm the two hypotheses. The findings imply that hegemonic-parties do not necessarily opt for a discriminative strategy in intergovernmental resource allocations even after facing a threatening opposition. Flexibility in autocratic menu and the path dependence of government’s social policy are likely to explain this kind of hegemonic party’s allocative behaviour.
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    Population pressure and soil quality in Sub-Saharan Africa: Panel evidence from Kenya
    (2020-05-01) Mugizi, Francisco M.P.; Matsumoto, Tomoya