This study examined the effects of external debt on Nigeria’s economic growth (2008-2017). As a guide for the study, research hypotheses were stated. The study adopted a longitudinal trend survey method using ex-post factor model. Instrument for the study was secondary data gotten from CBN Bulletins and annual reports of several years. Data were collected, coded and analyzed using Pearson Product Moment Correlation Coefficient. Analysis from the study revealed that external debt has signif...
ABSTRACT In a federal system of government, it may not be sufficient to study the inflationary effect of government reliance on money creation as a major means of financing expenditure. This is particularly so as some level of government besides the central authority may finance its deficit without recourse to money creation but in ways that may ultimately augment the money supply. There is therefore the imperative need to study the interaction between budget deficits and inflation in the Nig...
ABSTRACT Nigeria’s share of Foreign Direct Investment (FDI) inflows to Africa fell from 35.3% in 1990 to 13.6% in 2000 then rose to 16.3% in 2005 and stood at 14.1% in 2010. In theory, uncertainty adversely affects FDI inflows. However, very little attention is given to the effects of economic and political uncertainties on FDI inflows in developing countries. This study, therefore, examined the effects of economic and political uncertainties on FDI inflows to Nigeria at the aggregated and...
ABSTRACT Corporate governance (CG) safeguards shareholders‘ portfolios and ensures optimal returns in terms of dividend payouts (DPs) on investment. The association between CG and DPs could be significant in relation to risk exposure, operational and financing activities across firms and sectors. Also, the differential dividend payment between large and small firms might be due to economies of scale enjoyed by large firms. The relationship between CG and DPs has been well researched, howev...
ABSTRACT Since the last decade, universities in Nigeria have been experiencing a progressive decline in required inputs, like funds, materials and academic staff. In spite of this, there has been a continuing rise in the demand for their services, as shown by rising student enrolment figures (Nigeria, 1981). Confronted with such a problem, universities require more than ever before, formal decision models for planning the allocation of their scarce resources as efficiently as possible. This s...
ABSTRACT Economic Community of West African States‘ (ECOWAS) total trade has reflected deficit in the last two decades. It was $1.42 billion in 1990, increased to $3.32 billion in 2000 and $6.24 billion in 2009. This trade imbalance in the ECOWAS region can be traced to the dominance of primary over manufactured products in the region‘s exports. However, the imbalance can be reversed with trade in similar products that is Intra-Industry Trade (IIT) between the region and her highest trad...
ABSTRACT Urban population growth exerts pressure on energy demand resulting in inefficient supply. This consequently leads to increase in prices of energy sources. The literature on the determinants of urban household energy use in Nigeria has focused little attention on substitution possibilities as well as welfare implications of price increases. This study investigated the determinants of urban household energy demand, substitution possibilities and welfare implications of price increases...
ABSTRACT One of the important primary macroeconomic convergence criteria of the West African Monetary Zone (WAMZ) is the attainment of single-digit inflation. Available data show that but for The Gambia, none of the member states has achieved this objective on sustained basis. This raises concerns about the effectiveness of monetary policy transmission mechanism in controlling inflation in the Zone. This thesis addressed three policy relevant issues: (1) investigated the effectiveness of mon...
The importance of credit demand cannot be overemphasised given its potential positive influence on individuals’ livelihood and economic growth of countries. In spite of the financial sector liberalisation in Ghana, some individuals still face financial constraints which make it difficult to cover up their spending gap. This paper investigates whether individuals’ socio-demographic and economic characteristics are important in loan demand. A simple random sampling technique was used to sel...
ABSTRACT International reserves of West African countries rose sharply by 84.3% between 1991 and 2001 and 287.1% between 2001 and 2011. However, due to high macroeconomic instability in the form of persistent asymmetric shocks, output variability and fiscal policy distortions, the reserves were inadequate and the countries in the sub-region are continually faced with the problem of balancing the costs and benefits from reserves holdings. Previous studies have paid little attention to the fac...
ABSTRACT The study examined the effect of public expenditure on unemployment in Ghana using annual data for the period 1980 to 2016 by employing Autoregressive Distributed Lag (ARDL) approach to co-integration. The study revealed that there is an inverse relationship between government consumption expenditure and unemployment rate. However, government capital expenditure and unemployment rate were found to be positively related. The study therefore established that the threshold of governmen...
ABSTRACT This study focused on the relationship between methods of financing government eh.1Jenditures and economic growth in Ghana using a dynamic econometric framework. In the study, we developed a two equation system with economic growth and government expenditure as the endogenous variables and seven exogenous variables -domestic borrowing, borrowing from abroad, direct taxes, indirect taxes, private investment, exports and imports. Stationarity tests indicated all variables were integra...
ABSTRACT The study set out to examine in terms of severity, the constraints to production, distribution and consumption of locally processed poultry meat. A multi-stage sampling technique was used where simple random was used to select the farmers and snow-ball used to select the consumers and sellers. This summed up to 36 poultry farmers, 72 poultry meat sellers and 108 poultry meat consumers, making a total of 216 respondents for the study. Linear multiple regression model and Ordinary Leas...
ABSTRACT The increased spending of household on occasions has become both social and economic issue today and it is being discussed by many scholars. Financial deepening has made it easier and possible for household to have access to credit to spend on needs of household that on the other way wouldn’t have been possible. This study sought to estimate the effect of the amount of credit on social spending and also to estimate the effect of social spending on households’ health expenditure i...
ABSTRACT Economic Community of West African States‘ (ECOWAS) total trade has reflected deficit in the last two decades. It was $1.42 billion in 1990, increased to $3.32 billion in 2000 and $6.24 billion in 2009. This trade imbalance in the ECOWAS region can be traced to the dominance of primary over manufactured products in the region‘s exports. However, the imbalance can be reversed with trade in similar products that is Intra-Industry Trade (IIT) between the region and her highest trad...