ABSTRACT Most economic rationale for granting special incentives for attracting Foreign Direct Investment (FDI) is based on the belief that FDI bridges the ‘idea gaps’ between rich and the poor nations in addition to the generation of technological transfers and spillovers. This study seeks to carry out an empirical investigation of the impact of macroeconomic instability on FDI inflow in Nigeria covering the period 1970 to 2013. The linear regression analysis was applied and it wa...
ABSTRACT This study investigates the macroeconomic determinants of Balance of Payments dynamics in Nigeria between 1970-2011, using econometric method of cointegration and Error correction mechanism. It found that Balance of Payments cointegrated with all the identified explanatory variables, suggesting that Balance of Payments disequilibrium in Nigeria could be caused by naira/dollar nominal exchange rate, interest rate differential, external debt growth and Government spending. Again the d...
Abstract Background of the Study: At the inception of SAP it was clearly stated that " the objective of Government is to evolve a realistic and sustainable market determined exchange rate for the Naira, so as to reduce the demand for foreign exchange to available supply and to reduce the pressure on the balance of payments" (CBN Annual R'eport 1986, Obadan 1993~377) " --- The package of adjustment measures adopted from 1986 placed a heavy burden on monetary policy for containing domestic and ...
Abstract Low output growth in Nigeria have been attributed to a riumber offacto~ssu ch as poor technology, demographic factors, social conditions, poor macroeccwomic policies, insufficient infrastructural facilities and high dependence on primary products What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output ~rowth is low but it fluctuates beyond the expectations of different macroeconomic analysts There have...
Abstract Low output growth in Nigeria have been attributed to a number of factors such as poor technology, demographic factors, social conditions, poor macroeconomic policies, insufftcient infiastructural facilities and high dependence on primary products. What however, attracts lesser attention is the interface between output growth and macroeconomic fluctuations. It is not only that output growth is low but it fluctuates beyond the expectations of different macroeconomic analysts. There ha...
Abstract Poverty Is Profoundly Endemic In Many Countries Especially In Less Developed Countries. In Nigeria, Poverty Is A Reality That Depicts The Lack Of Food, Clothes, Education, And Other Basic Amenities. Severely Poor People Lack The Most Basic Necessities Of Life To A Degree That It Can Be Wondered How They Manage To Survive. There Are Several Effects And Deficiencies Associated With Poverty In Nigeria. One Of The Main Effects Of Poverty Is Poor Medical Services, As Is Reflected In...
ABSTRACT This study sought to evaluate the growth of youth-led MSEs in Kirinyaga County with the aim of coming up with recommendations that will help the enhancement of growth of the initiatives to spur the growth of MSEs. The study’s objectives were: To assess the effect of finance availability on the growth of youth-led MSEs; to analyse the extent to which management contributes to the growth of youth-led MSEs; to explore the influence of technology on the growth of youth-led MSEs; and t...
ABSTRACT In spite of the attempts made by some studies to explore access to credit and its effect on output of small scale farmers in Nigeria, most of these studies did not apply the widely accepted impact assessment methodologies and therefore, may be subject to serious problems due to sample selection bias. This problem inspired this study which seeks to find the demographic and socio-economic features of small scale farmers in Nigeria which significantly determine their access to credit a...
ABSTRACT The importance of investment in economic growth cannot be overemphasized. This has led to an upsurge in the study of its determinants. This research therefore, seeks to investigate the impact of interest rate liberalization on investment in Nigeria from 1970-2012. Using the Error Correction Model (ECM), the result indicates that a long run relationship exists among the variables. The result further reveals that all the variables have significant impact on investment. The study equal...
ABSTRACT In this paper, an empirical analysis is used to compare the effects of oil price shock and exchange rate volatility on the economic growth of Nigeria and Kenya. Firstly, a LA-VAR model is applied to investigate whether the oil price shock and exchange rate volatility have the Granger Causality to economic growth of both Nigeria and Kenya. Secondly, we apply a VAR model with co-integration technique to examine how GDP Growth of Nigeria and Kenya are affected by changes in oil prices...
ABSTRACT Out-of-pocket expenditure at point of seeking healthcare services is the major means of financing healthcare in Nigeria, among other financing mechanisms. This is because most households (over 95%) are excluded from the financial risk protection of health insurance. The decision to utilize health services by households implies the decision to pay for them. This has resulted into a situation where households have to sale assets, borrow money or sometimes, forgo the consumption of oth...
ABSTRACT The study examines the effect of globalization on the Nigerian financial sector. It is also aimed at ascertaining the impact of globalization on the Nigerian commercial banks and the stock exchange. Assets of the Nigerian financial sector and commercial banks were used as performance indicators of the Nigerian financial sector and the commercial banks. Market capitalization was used as performance indicator of the Nigerian stock exchange. The data used are Nigerian yearly data from ...
ABSTRACT This study stems the depletion of Nigeria’s Reserves in recent times and the possible implications of this fluctuation of the Foreign Exchange Reserves on the macroeconomic stability of Nigeria in tandem with factors like holding of Reserves in excess and the desirability or otherwise of holding Reserves as embedded in the nation’s Reserve Management Strategy. The study used quarterly data ranging from the first quarter of 1981 to the first quarter of 2015. A Reserve demand...
ABSTRACT It is an undeniable fact that trade has been facilitating growth and development of countries across the world. This underscores the recent upsurge in establishing multilateral trade relationship between Nigeria and other countries especially, the G8 member countries. While these realities are still contestable in terms of the potential benefits of the trade linkage that Nigeria stands to gain, the trajectory of the influx of export to Nigeria from the latter countries calls fo...
ABSTRACT Recent research emphasizes adopting business models that not only improve market linkages but also enable inclusion of smallholder farmers in high value markets along the value chains. While evidence points to positive impact of business models choice, studies seldom exploit the extent of their impact on smallholder gross income. Besides, socioeconomic and institutional factors associated with such choice of the models are discussed incoherently, hence less understood. The objectives...