The world of Exchange can be a cold, chaotic and confusing place, no matter what your situation is, all of these concepts are important to understand because they help to clarify the inner workings of the mysterious business of exchange rate in any country. Exchange rate is one of the most important determinants of a country's relative level of economic health. Exchange rates play a vital role in a country's level of trade, which is critical to most every economy in the world. For this ...
Investing in High-technologies for a sustainable and efficient growth in the Sub-Saharan African countries by Elhadji Massata Diakhate E-mail: [email protected] Abstract This paper discusses the benefits for the Sub-Saharan African countries to invest in high-technologies as a more efficient long-term growth strategy. This type of investment can produce much more effective results than investing in the traditional sectors like agriculture. This paper is organized in four main parts. The f...
Poverty and household expenditure patterns are like the two sides of a coin, where poverty is a state of lacks and denial; household expenditure patterns are the mirrors of households’ welfare. This study investigated the effects of some household expenditure patterns on the odds ratio of poverty adopting logit model. Study showed that about 52.25 percent of Nigeria’s populations are poor. Expenditure patterns of the households were classified into socio-economic characteristics: poverty ...
Generally, it can be argued without doubt that the engine of Nigeria economic growth lies on crude oil exploration. In this study, it is recognized that corruption was-used as an independent variable because of its substantial adverse effect on Nigerian economy. Corruption has really eaten deep into the economy of the country and that is one of the major crises that Nigeria is facing today. This study analyses the impact of crude oil export on Nigeria economy and its level of corruption. The ...
This paper investigates if there is a significant long – run relationship between cocoa exports and economic growth in Nigeria. The study covers the periods between 1981 to 2014. The underlying models are the export led growth, hypothesis, neo – classical growth model, presbich trade model and Keynesian model. In the formulated model, real gross domestic product was used as a proxy for economic growth. The explanatory variables used were cocoa export earnings, exchange rate and government...
Inflation instantly brings to mind images of rising prices, shrinking paychecks and unhappy consumers, but is inflation all bad? Inflation is defined as a "sustained increase in the general level of prices for goods and services." Many consumers fear inflation because it reduces the purchasing power of their money”.The influence that inflation has on consumers in Nigeria and other developing nations in Africa can be seen in increase in food prize, fuel price etc. Food price inflation...
An innovation system is a network of organizations within an economic system involved in the creation, diffusion and use of scientific and technological knowledge as well as the organizations responsible for the coordination and support of these processes. The concept of innovation refers to the development, adaptation, imitation and adoption of knowledge and technologies that are new to a given context. Innovation systems can found at many levels of the economy such as global, regional, nati...
ABSTRACT Non-oil export has been an alternative way to diversify Nigerian economy so as to absorb any shocks from the international oil (crude oil) market, since revenue stability is not guaranteed from crude oil again. Therefore, the study examines the diversification to non-oil export as a panacea for checking poverty, unemployment, low revenue and economic recession through inclusive economic growt...
ABSTRACTThe study evaluated the effects of oil price fluctuations on economic growth in Nigeria. The industrial production index was used as a proxy for gross domestic product that served as a function of oil price, exchange rate and interest rate that are the explanatory variable. The research made used of secondary time series data, The data on industrial production index, exchange rate and interest rate were obtained from the Central Bank of Nigeria Statistical Bulletin while that of oil p...
Calamities and other forms of hardships or difficulties happen among people, societies or nations times after times. Sometimes, the calamities, hardships or difficulties happen naturally while some other times they are caused or invited by people. People experience hard times like wars, communal, ethnic or religious clashes, famine, plague, high cost of life etc. These hard times normally cause untold hardships to people ranging from loss of lives, lost of properties, displacement and other f...
ABSTRACT Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in under developed nations like...
Nigeria is the largest economy in Africa; in 2013 its population was in excess of 170 million, with GDP of over US$500 billion (World Bank 2014). The continent’s biggest oil exporter is also home to large natural gas reserves. The economy has recorded considerable acceleration in growth; real GDP grew by 6.3 per cent, 7.6 per cent, and 7.4 per cent in 2009, 2010, and 2011 respectively. Despite this, poverty is persistently high, and the structure of the economy is that of a typically under...
Budgeting is no longer an action limited to governments, corporations and authorities, but rather extends to include families as social entities with multiple socio-economic goals. Budgeting brings considerable benefits to the family, whether on daily basis, short term or long term benefits, where the family plans for both the present and future. As such, families in all societies have attached a considerable importance to drawing up monthly and annual budgeting in an optimum manner servi...
ABSTRACT The study aims at evaluating the performances of the Islamic banks and the conventional banks before, during and after the global financial crisis. Variables that were used during the cause of the research include profitability performances, liquidity performance and credit risk of the various banking institutions. The study covers a period of five years 2006-2010. The study adopts the sample of 3 Islamic banks and 3 conventional banks from UAE, Bahrain and Britain. The study documen...