Asian Journal of Economics, Business and Accounting https://journalajeba.com/index.php/AJEBA <p style="text-align: justify;"><strong>Asian Journal of Economics, Business and Accounting (ISSN: 2456-639X)</strong> aims to publish high quality papers (<a href="/index.php/AJEBA/general-guideline-for-authors">Click here for Types of paper</a>) in all areas of ‘Economics, Business, Finance and Accounting’. This journal facilitates the research and wishes to publish papers as long as they are technically correct, scientifically motivated.</p> SCIENCEDOMAIN international en-US Asian Journal of Economics, Business and Accounting 2456-639X Alternative Financing for Micro-Level Entrepreneur in Sub-Sahara Africa: A Crowd Funding Option https://journalajeba.com/index.php/AJEBA/article/view/30288 <p>An inherent problem that entrepreneurs face at the early stage of their entrepreneurial initiative is to source capital. Given the difficulties in raising the needed funds to actualize their ideas through traditional fund lenders such as banks, this paper provided a background on crowd funding as an alternative financing source for micro-entrepreneurship in Sub-Sahara Africa. Literature was reviewed on micro-level enterprises and micro-entrepreneur, describing the concept of crowd funding and models. This paper adopted the equity-based crowd funding model for Sub-Sahara African micro-entrepreneurs because of its potential benefits over other models. It recommended amongst others that development workers, policymakers and aid organizations need to make considerable efforts to bridge the knowledge gap of micro-entrepreneurs in the subcontinent on crowd funding by creating in-depth awareness considering the 0.1% Africa involvement in global crowd funding activity.</p> Nkechi Ojiagu Faith Onwuchekwa Hope Nzewi ##submission.copyrightStatement## 2020-10-26 2020-10-26 1 8 10.9734/ajeba/2020/v18i430288 Government Expenditure and Regional Economic Growth: The Direction of Causality https://journalajeba.com/index.php/AJEBA/article/view/30289 <p>This study examines the link between government expenditure and regional economic growth, over the period 2013 to 2017. Gross County Product per capita growth is used as indicator of regional economic growth. This study used Error Correction Model and Engle and Granger framework two step procedure to investigate the long-run and short-run equilibrium relationship between expenditure and regional growth. The analysis reveals that expenditure and regional growth are co-integrated and, hence a long-run equilibrium relationship exist between them. Non-devolved expenditure is found to be significant in determining regional growth and growth significantly affect non-devolved in short-run. Further, short-run uni-directional causality was detected between capital, recurrent expenditures and growth. This study argues that expansionary government expenditure accelerates regional economic growth in long-run. The absence of a long-run causality moving from growth to components of expenditure implies that economic growth macroeconomic policies can be implemented without adversely affecting the size of government expenditure.</p> Naftaly Mose ##submission.copyrightStatement## 2020-10-27 2020-10-27 9 17 10.9734/ajeba/2020/v18i430289