» ABSTRACT One of the major strands of the millennium development goals (MDGs) for global eradication of poverty is employment generation, which is also in tandem with one of the issues in Nigeria’s current economic development programme, the National Economic Empowerment and Development Strategy, o…Continue Reading »
» Abstract The sudden announcement of the devaluation of the Nigerian Naira to US Dollar by the Central Bank of Nigeria (CBN) on the 25th November 2014 has created an intense debate and a great deal of mix responses among market analysts and the general populace. However, available opinions on the deg…Continue Reading »
» ABSTRACT Starting in 2010 2011, the government of Nigeria after years of being neglect began to reform the agricultural sector to focus the sector, the government implemented a new strategy called “The Agricultural Transformation Agenda ATA” this policy is aim at helping Nigeria’s refocus a…Continue Reading »
» ABSTRACT Economic models of decentralization generally emphasize beneficial consequences—efficient provision of local public goods, hard budget constraints, and sorting of residents according to taste. This paper notes two less benign effects. First, political decentralization makes it easier for …Continue Reading »
» ABSTRACT To what extent do households make their consumption savings decisions in a forward looking manner? While this question is of fundamental importance to many aspects of economics, a wide range of viewpoints prevail. The massive empirical literature studying consumer behavior with Euler equati…Continue Reading »
» ABSTRACT This study investigates the presence of currency substitution in eight African countries Egypt, Morocco, Nigeria, Ghana, Kenya, South Africa, Tunisia and Zambia for the period 1976 to 2005 using both regional and US dollar as anchor currencies. We find that currency substitution is prevalen…Continue Reading »
» ABSTRACT EMU now seems increasingly likely to progress as planned with a broad membership of eight to ten countries in 1999. The political determination of Europe’s leaders has developed a momentum that makes the birth of the Euro ever more likely. Other influential people also support the introdu…Continue Reading »
» ABSTRACT Empirical research on corruption is quite a new undertaking. In an attempt to determine the causes and consequences of corruption, academics have concentrated lately on cross country analyses. These are mostly based on professional studies of the degree of corruption in various countries. S…Continue Reading »
» ABSTRACT Corruption is an ancient practice that has been traced back to pre biblical times and made itself known in the ancient civilizations of China, Greece, India and Rome. Despite corruption’s long history, the 1990s witnessed a decline in public acceptance. Increasingly, corruption has become…Continue Reading »
» ABSTRACT Most of the empirical literature on the relative merits of alternative exchange rate regimes uses the IMF de jure classification based on the regime that governments claim to have, abstracting from the fact that many countries that in theory follow flexible regimes intervene in the ex…Continue Reading »
» ABSTRACT Aggregate output growth measured by the gross domestic product (GDP) was estimated at 6.49 per cent during the first quarter of 2008, compared with 7.82 per cent in the preceding quarter. The growth was driven by the non oil sector which was estimated at 9.67 per cent. Provisional data indi…Continue Reading »
» ABSTRACT Empirical research regarding money demand relationships has been directed towards the identification of a few key economic variables that determine desired money balances. The typical money demand specification includes real income to represent the budget constraint. and the returns of one …Continue Reading »
» ABSTRACT This paper presents a synthesis of presentations and discussions at a Joint UNITAR/ WAIFEM Sub Regional Workshop on Capital Market Development for West African Nations (Accra, Ghana, 10 14 April 2000). The workshop drew on the expertise of resource persons from the U.S.A, Poland and Nigeria…Continue Reading »
» ABSTRACT Financial intermediation in Slovenia relies mostly on the banking system with established lending relationships, while the development of the non bank financial sector is far behind EU peers. The dominance of bank lending has resulted in a lack of equity financing, in particular to start u…Continue Reading »
» ABSTRACT Recent financial crisis in Turkey as well as in Mexico revived the interest in the question of capital flows in developing countries. This paper examines the issue of capital flows with special reference to Turkey. Given that there is no one generally accepted definition of capital flight …Continue Reading »
» ABSTRACT There has been a growing concern on the decline of the output of the manufacturing sector in Nigeria in recent times, despite the fact that the government embarked on several strategies aimed at improving industrial production and capacity utilization of the sector. This worry is understand…Continue Reading »
» ABSTRACT Inflation is generally associated with monetary expansion. Pakistan’s experience is not different from other countries. As a matter of fact, rise in general price level can be mapped on growth of money supply. Although immediate cause of inflation is associated with money growth, developm…Continue Reading »
» Abstract Overtime, Nigeria has experienced persistent depreciation in its exchange rate, with inflationincreasing at opposite direction, despite government’s exchange rate policies to stabilize prices. Exchange rate is key in foreign trade, as no country can satisfy demands of its population by op…Continue Reading »
» ABSTRACT The past half century has witnessed an unprecedented rate of world economic development. One stylized fact found by many empirical studies is that most high growth episodes are usually characterized by high export growth, which leads many people to the conclusion that the export sector has …Continue Reading »
» Abstract This study evaluates the influence of the monetary policy on the Nigeria Stock Market using selected market indices which span from 1986 to 2014. Augmented Dickey Fuller (ADF) Test, graphs, multiple regressions and the diagnostic test based on the coefficient of determination (R2) were adop…Continue Reading »
» ABSTRACT This study examined the effect of interest rates on savings in Nigeria Using multiple regression analysis. The study also carried out some diagnostic tests like heteroskedasticity, serial correlation test and stability test. This work made use of secondary data sourced from the central b…Continue Reading »
» BACKGROUND OF THE STUDY Insurance is a unique industry and one of the contributing tractors to its uniqueness is the product on the insurer that is, the promise to indemnity at a future date, is tangible. It has been generally accepted that insurance industry exist to guarantee the continued exis…Continue Reading »
» ABSTRACT The study examined the Foreign Direct investment and poverty reduction in Nigeria and to examine if foreign direct investment has significant run impact on poverty reduction in Nigeria and to evaluate if there is any significant casualty between foreign direct investment and poverty reduc…Continue Reading »
» ABSTRACT This study shows the performance of foreign direct investment on the manufacturing sector of the Nigeria economy. The study adopts a time series approach to the development of three different models namely; Manufacturing Value Added Model, Foreign direct investment, Interest rate and Gro…Continue Reading »
» ABSTRACT Government should provide an enabling environment for investment to be productive in Nigeria since real interest rate makes investment to go higher, that is investment is a kind of medium that links Investment and Economic growth. Secondly, Government should make policies both monetary an…Continue Reading »
