TITLE PAGETHE EFFECT OF MONETARY POLICY ON INFLATION IN NIGERIA (1986-2013)BYOLUWATIMILEHIN A. OYEKUNLE12/27ED/062BEING A RESEARCH PROJECT SUBMITTED TO THE COLLEGE OF HUMANITIES, MANAGEMENT AND SOCIAL SCIENCES,DEPARTMENT OF ECONOMICS AND DEVELOPMENT STUDIES KWARA STATE UNIVERSITYIN PARTIAL FULFILMENT OF THE REQUIREMENT OF THE AWARD OFBACHELOR OF SCIENCE (B.Sc) DEGREE IN ECONOMICSMAY, 20161CERTIFICATIONI hereby certify that this research work was carried out by Oluwatimilehin A Oyekunlewith ma...
ABSTRACT Despite the numerous policies that have been set out over the years to tackle the hydra-headed problems of unemployment and poverty in Nigeria, not much progress has been made towards quelling the trend. Part of the reasons why these problems seem unsolvable is due to the fact that direction of causality between the two has not been ascertained in the light determination of policy direction. The main objective of this study, therefore, is to explore the direction of causality that ex...
Abstract Since the Nigerian stock exchange started its operations in 1961, it has not yet been able to attain efficiency as is the case in other countries and as such its inherent impact on capital formation in Nigeria has not been clear enough. The main objective of this study, therefore, is to explore the role of the stock exchange on capital formation in Nigeria. Time series data were applied in carrying out this research work, using the variables; Market Capitalization, New Issues of Inst...
AbstractThis study evaluates the transmission channels between exchange rate, unemployment,inflation and economic growth through a multivariate trend and structural analysis. The scope of theresearch is from 1986 to 2013 using annual time series data collected from the CBN statisticalBulletin. This study employs the Vector Auto-regressive model through the ARDL bound test for co-integration.The study reveals that empirically, there exists significant relationships betweenexchange rate, unempl...
ABSTRACT The study which was entitled “the effects of insurgency on the Socio-economic development of North Eastern Nigeria” focused on Wukari Local Government Area of Southern Taraba in Taraba State. It had as its objectives the need to identify the relationship between the standard of living and insurgency, to examine the effects of insurgency on the socio-economic development of North Eastern Nigeria and to identify measures of controlling insurgency. The research sought to answer the ...
CHAPTER ONEINTRODUCTIONThe impact of population growth on agriculture and natural resource management has been debated at least from the time of Reverend Thomas Malthus . Although the dismal predictions of Malthus regarding the inability of agricultural production to keep pace with population growth have not come to pass. The consequences of population growth on economic development nave attracted the attention of economists ever since Adam Smith wrote his Wealth of Nations. Adam Smith wrote,...
ABSTRACT This study evaluates deregulation of the downstream oil sector and its effect on the Nigerian economy. This study arose out of the need to find solution to the sorry state of the four refineries, the inefficiency in the distribution, the poor pricing of petroleum products and the negative effects of monopolistic structure of the downstream sub-sector. The study attempt to identify the challenges associated with deregulation of the downstream sub-sector and to examine the effects of ...
ABSTRACT Exchange rate variation has been identified as one of the salient factors that affect economic performance of a nation. Exchange rate plays a crucial role in international economic transactions because no nation is in isolation due to varying factor endowments. Hence, the effect of exchange rate variation on economic growth is subject to analysis in economics. Thus, the focus of this study is to empirically verify the effect of exchange rate depreciation on Nigeria...
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ABSTRACT The study examines the macroeconomic determinants of agricultural sector growth in Nigeria which is based on the empirical evidence of the short-run and long-run interrelationships among capital expenditure on agriculture, inflation rate, exchange rate, interest rate and credit availability to the sector using agricultural GDP as dependent variable. Time series data from 1981 – 2015 were sourced from Central Bank Statistical Bulletin. The data were analysed based on bound test...
1.1 Background To The Study One of the crucial economic maladies that have confronted most developing countries since the early 1970's is the way capital flows from less developed nations to advanced nations of the world. This capital flow from less developed countries to the western world became noticeable from the early 1980's. Since then, these unusual flows have become a source of concern because of the macroeconomic challenges facing these countries and as a result of the paucity of much...
Background to the Study Business firms, as well as individual units, often need to raise capital. On the other hand, some individuals and firms, even governments have incomes that are greater than their current expenditure, so they have funds available to invest. But only a few individuals and institutions are in the position to provide all forms of finances needed to fund big businesses. The financial system is a framework within which capital formation takes place. In other words, it is the...
BACKGROUND TO THE STUDY Economic growth refers to increase in a country’s Gross Domestic Product, although this differs depending on how national product has been measured. Economic growth must be sustained for a developing economy to break the circle of poverty. Countries usually pursue fiscal policy to achieve accelerated economic growth. Tanzi (1994) observes that fiscal policy applies to the use of fiscal instruments (taxation and spending) to influence the working of the economic syste...
Abstract: The relation between economic growth and unemployment is being studied throughout a diverse set of contributions over the last years. Taking into account the current economic situation, this topic is regaining attention amongst economists essentially due to the importance of this relationship as a way to overcome the high unemployment rate that has been characterizing the Nigerian labour market. This paper examined the relationship between unemployment rate and economic growth ...
TABLE OF CONTENTS TITLE PAGE i CERTIFICATION PAGE ii DEDICATION iii ACKNOWLEDGEMENT iv TABLE OF CONTENTS vi LIST OF TABLES CHAPTER ONE: GENERAL INTRODUCTION 1.1BACKGROUND OF THE STUDY1 1.2STATEMENT OF PROBLEM3 1.3RESEARCH QUESTIONS3 1.4RESEARCH OBJECTIVES4 1.5RESEARCH HYPOTHESES 5 1.6SIGNIFICANCE OF THE STUDY5 1.7SCOPE OF THE STUDY 6 1.8LIMITATION OF THE STUDY6 1.9SCHEME OF CHAPTERS7 CHAPTER TWO: LITERATURE REVIEW AND THEORETICAL FRAMEWORK 2.1INTRODUCTION8 2.2DEFINITION OF TERMS8 2.2...