Browsing by Author "Getachew, Yohannes"

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    Financial Development And Economic Growth Revisited: Evidence from the Case of Selected Sub-Sahara African Countries
    (Addis Ababa University, 2016-06) Getachew, Yohannes; T., Adane (PhD)
    The finance – growth nexus, though it is well-entrenched in the academic discourse and no consensus is reached, still begs for updating through revisiting the issue using recent data. With this motivation, this paper has attempted to achieve two paramount objectives: examining the effect of economic growth on the development of the financial system and investigating the effect of other variables which were presumed and simultaneously supported by substantial body of literature to have significant effect on economic growth; a case from 20 selected sub-Sahara African region. Pertaining to this, first using annual data of 20 selected sub-Sahara African countries were collected and transformed in to five years averaged longitudinal data form, we applied multilevel mixed effects regressions (MMER). The results from the mixed effect regression revealed that, there is a significant and positive effect of economic growth, geographic location allotting sea door, macroeconomic stability, investment and domestic savings. On the contrary, negative relationship was observed between foreign legal system origination and financial development. The evidence under the probe on the effect of demographic situations have two effects comprising both direct relationship with financial depth and indirect effects on the efficiency of the financial system. Finally this paper has ended up suggesting further detailed research on the effects of demographic situations on financial development; additionally to examine the finance growth nexus and give microeconomic evidence. Key words: financial depth, efficiency of financial system, economic growth, multilevel mixed effect regression, microeconomic evidence.
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    A Modified Shao-C Tropospheric Delay Correction Model for Ethiopia
    (Addis Ababa University, 2013-06) Getachew, Yohannes; Mengistu, Gizaw (PhD)
    The troposphere a ects electromagnetic signal propagation causing signal path bending and the alteration of the electromagnetic wave velocity. Tropospheric delay can introduce a considerable error in satellite positioning if it is not properly estimated. The average GPS signal delay in the zenith direction can vary from 1.8 m to 2.5 m depending on meteorological conditions and site location. In this work, the spatial and temporal variations of the zenith tropospheric delay (ZTD), zenith wet delay (ZWD) and precipitable water(PW) over Ethiopia, are analyzed using ECMWF (European Centre for Medium- Range Weather Forecast) ERA-interim pressure-level atmospheric data and compared with ZTD time series for 5-year period from 2007-2011 measured at several GPS stations from the Crustal Movement Observation Network of over Great Rift Valley regions of Eastern Africa which are managed by UNAVCO (University NAVstar COnsortium). A modi ed version of tropospheric delay correction model, SHAO-C used in China, is assessed for its performance over Ethiopia. ZTD is modeled directly by a cosine function together with an initial value and an amplitude at a reference height in each grid, and the variation of ZTD along altitude, latitude and longitude is tted with a second order polynomials. The coe cients of the modi ed SHAO-C are generated using the ECMWF ERA-Interim data at 0.75x0.75 degree latitude-longitude grid, featuring regional characteristics in order to facilitate a wide range of navigation and other surveying applications. The altitude is obtained from high resolution Digital Elevation Model (DEM). The overall average bias ranges between -4.3 cm to -1 cm for ZTD, -3.42 cm to -0.584 cm for ZWD and -1.12 cm to -0.34 cm for PW, and the RMSE is less than 4.5 cm. The results are assessed for ful lling the requirements of most GNSS navigation or positioning applications in terms of the tropospheric delay correction