ABSTRACT The commencement of WAMZ initially scheduled for 2003, was postponed to 2005 and finally for the third time to 2009, due to the tendency of the adopted macroeconomic convergence criteria to lead to indeterminacy. This has become a burning issue, given the persistence of widespread divergence and the weak prospect for mining desired macroeconomic convergence with the current independent national fiscal and monetary policy pursuits of the participating countries. This study therefore c...
ABSTRACT This study examined the extent to which macroeconomic policy shocks had contributed to exchange rate volatility in Nigeria from 1986 to 2009. Specifically, it established the degree and severity of exchange rate volatility in Nigeria and then examined the impact of macroeconomic policy shocks on real exchange rate volatility in Nigeria during the sample period. Furthermore, the study determined the differential effects of both internal and external macroeconomic policy shocks on the...
ABSTRACT Despite the tax reforms that have been implemented in Zimbabwe over the years, tax revenue collections have failed to reach sustainable levels that promote growth, development, improve standards of living and most importantly ease the persistent budget deficit problem. One of the major potential threats to tax revenue performance is the shadow economy; it plays a significant role in deteriorating the tax base and this often diminishes tax potential. This motivated an analysis on the ...
ABSTRACT The Nigerian banking industry has witnessed major changes in the number of participating banks during the period 2000-2012, as it moved from pre-consolidation regime to government-induced and, lately, to market-led consolidation period, with no clear indication of impact on concentration, competition and profitability. This study empirically examines, if changes in structure, proxied by bank concentration and measured by the HerfindahlHirshman Index (HHI), have effect on the degree ...
ABSTRACT In an ardent attempt to put their natural resources into better use, developed and developing countries have given a very high priority to the planning and development of high-level manpower wince the end of World War II. The university, being the capetone of any country's educational system and the main supplier of graduates and allied high-level manpower, undoubtedly assumes a strategic position in any serious endeavour to develop highly skilled personnel. Consequently in Nigeria, ...
ABSTRACT This study considers the effect of urbanization on key economic social and environmental variables. These variables are used to develop indices to measure sustainable development in the urban areas of south-west Nigeria. It is done by assessing the impact of urbanization and some other driving force of development on urban economic growth and the quality of life and quality of the environment in the area. A thorough review of issues and concerns relating to urbanization economics gro...
ABSTRACT This study examines the interactive effects among road transport infrastructure development, economic growth and poverty level in Nigeria. This was with the view to providing empirical evidence on the linkages among road transport infrastructure, economic growth and poverty level. The study used secondary data. Annual time series data from 1980 to 2013 on road network, Real Gross Domestic Product (RGDP) and Real Consumption Expenditure per Capita were collected from Central Bank of N...
vi Abstract The misconception of services as being nonproductive has led to the neglect of the service sector in both economic theory and applied economic researches. The Nigerian economy highly depends on the oil sector to generate revenue for the entire economy. This study examines the response of economic growth to the dynamics of the service sector in Nigeria from the windows of governance indicators. Using annual data series, endogenous growth model and autoregressive distributed lag tec...
ABSTRACT This study empirically examines the effects of exchange rate on balance of payment in Nigeria, using quarterly data from 1981-2017. The empirical methodology utilized the Bounds cointegration test to detect possible long-run and short-run dynamic relationship, and found no presence of long run relationship between the variables used in the model. The study employed the Autoregressive distributed lag (ARDL), to check for properties in the relationship between the variables above liste...
ABSTRACT ThepurposeofthisstudyistoexaminetheeffectofsectoralForeignDirectInvestment oneconomicgrowthinNigeriamakinguseoftimeseriesdatafortheperiod1981-2018. AnAuto-regressiveDistributedLag(ARDL)technique(withemphasisonshortrun estimates)isusedtoexaminetherelationshipforseriesthatareI(0)andI(1).Thestudy considersfive FDIsectors which includes:Telecommunication infrastructures,oil, Agriculture,Manufacturing,Services andotherinfrastructuressectorsasitsvariables representingsectoralforeigndirecti...
ABSTRACT The purpose of this study is to examine the determinants of investment in the Nigerian economy by making use of time series data for the period, 1970-2015. The study employed the auto-regressive distributed lag (ARDL) for the analysis. From the result, it is shown that exchange rate, interest rate, inflation rate, and total financial saving, all have a positive effect on investment whereas external debt has a negative effect on investment. Therefore, the Government should improve the...
ABSTRACT Since the late 1980s, Zimbabwe has experienced rising poverty for quite a number of years despite policy makers implementing trade liberalisation. Therefore, the study sought to determine the impact of trade liberalisation on poverty in Zimbabwe. Using time series data from 1986 to 2012, an Ordinary Least Squares (OLS) estimation criteria was employed to estimate the change of poverty in Zimbabwe. The study found out that trade liberalization has positive effect on poverty. Policy ma...
Abstract: Despite that reviews have been done in intellectual capital and the performance of firms, their status has remained uncertain in the emerging economy. Previous studies have generally focused on single industries and have overlooked the input of the service and manufacturing sectors as a whole. This study offers new insight into the area of intellectual capital and its relationship with firms’ performance in Tanzania and evaluates intellectual capital within the service and manufa...