THE DETERMINANT OF SAVINGS IN NIGERIA (1985-2011) ABSTRACT The term savings refers to the part of income immediately spent or consumed but reserved for future consumption, investment or unforeseen contingencies. This study examines the determinants of savings in Nigeria between 1985-2011, which will enable us to proffer solution for the improvement of savings in the …
The Impact of Manufacturing Capacity Utilization on the Economy of Nigeria: An Empirical Analysis. ABSTRACT This study investigated the causal relationship between manufacturing capacity utilization and real gross domestic product of Nigeria and determined the trends of industrial capacity utilization in Nigeria’s manufacturing firms. The stationarity tests using Augmented Dickey-Fuller (ADF) and Phillip-Perron (PP) test …
PRIVATE SECTOR ACCESS TO CREDIT AND MANUFACTURING OUTPUT IN NIGERIA ABSTRACT Nigerian economy has been skewed towards a mono-economy with much reliance on the oil sector. However, with the fall in global oil price, there is now a shift of interest to a more promising sector capable of liberating the economy. This study is centered …
Read morePRIVATE SECTOR ACCESS TO CREDIT AND MANUFACTURING OUTPUT IN NIGERIA
RELATIVE IMPACT OF FINANCIAL SECTOR REFORMS ON AGRICULTURAL AND MANUFACTURING SECTOR GROWTH IN NIGERIA ABSTRACT The study investigates relative impact of financial sector reforms on agricultural and manufacturing sector growth in Nigeria. To guide the study, Ordinary Least Square technique was adopted and Eviews 8.0 econometric software was utilized for the analysis. A time series …
RISK AND VULNERABILITY TO POVERTY IN NIGERIA ABSTRACT Recent empirical literature has shown that several factors can expose households to risk, thereby making them vulnerable to poverty. These appear to be the major challenges many households face in developing economies. This study therefore investigates risk and vulnerability to poverty in Nigeria using the revised General …
SOCIO-ECONOMIC EFFECTS OF OIL AND GAS ACTIVITIES ON OGONILAND, RIVERS STATE, NIGERIA ABSTRACT Crude oil is one of the major natural resources that have contributed to the development of the Nigerian economy. It, however, poses great environmental and socio-economic challenges. As a result, the effects of oil exploration activities on the socio-economic wellbeing of host …
Read moreSOCIO-ECONOMIC EFFECTS OF OIL AND GAS ACTIVITIES ON OGONILAND, RIVERS STATE, NIGERIA
STRUCTURE AND COMPOSITION OF DOMESTIC DEBT AND THE IMPACT ON PRIVATE INVESTMENT IN NIGERIA. ABSTRACT This study sets out to investigate and elaborate the empirical issues pertaining to the structure and composition of domestic debt and its impact on private investment in Nigeria. The study employed multiple regression models using secondary data from 1970 to …
Read moreSTRUCTURE AND COMPOSITION OF DOMESTIC DEBT AND THE IMPACT ON PRIVATE INVESTMENT IN NIGERIA.
THE DETERMINANTS OF HEALTH INSURANCE IN NIGERIA ABSTRACT In Nigeria, health insurance is not a commonly purchased financial instrument. Recently debates have revolved around extending health insurance coverage to a wider range of the population, via compulsory insurance scheme. However, the debate rarely considers the competing demands placed on the family budget. In this work, …
THE DETERMINANTS OF REGIONAL POVERTY IN NIGERIA ABSTRACT This study aimed at investigating regional differentials in Nigeria, and therefore achieved this through two objectives; First to determine the poverty levels of regions and then to ascertain the determinants of regional poverty. This study was motivated by the regional inequalities that exist in Nigeria, wherein one …
THE EFFECT OF HEALTH STATUS ON LABOUR FORCE PARTICIPATION IN NIGERIA ABSTRACT Health status in recent times has been a major concern for developing and under-developed economies. This results from the fact that a healthy population increases labour force participation, productivity and output levels. Poor health has negative effect on participation rate and output. This …
Read moreTHE EFFECT OF HEALTH STATUS ON LABOUR FORCE PARTICIPATION IN NIGERIA
THE EFFECTS OF REAL EXCHANGE RATE ON NIGERIA’S NON-OIL SECTORAL OUTPUT ABSTRACT This study investigated the effect of exchange rate on Nigeria’s non-oil sector outputs, with emphasis on the agricultural, manufactural and service sectors over a period of 1970-2012 through the co integration and the ECM approach. The co integration test showed that there was …
Read moreTHE EFFECTS OF REAL EXCHANGE RATE ON NIGERIA’S NON-OIL SECTORAL OUTPUT
THE IMPACT OF FOOD IMPORTATION ON FOOD PRODUCTION IN NIGERIA- THE CASE OF RICE IMPORTATION AND PRODUCTION ABSTRACT The research was on the impact of food importation on food production in Nigeria: The case of rice importation and Production. This research is important because Nigeria as country is struggling to attain strong agricultural base which …
THE IMPACT OF GLOBALIZATION ON THE NIGERIAN FINANCIAL SECTOR 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 …
Read moreTHE IMPACT OF GLOBALIZATION ON THE NIGERIAN FINANCIAL SECTOR
THE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA ABSTRACT This study empirically examine the impact of inflation on private consumption expenditure and economic growth in Nigeria using an annual time series data spanning from 1981-2012. In this study, modern time series econometric methodology such as Unit Root Testing, Johansson Co-integration …
Read moreTHE IMPACT OF INFLATION ON PRIVATE CONSUMPTION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA
THE IMPACT OF INTEREST RATE LIBERALIZATION ON INVESTMENT IN NIGERIA 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 …
Read moreTHE IMPACT OF INTEREST RATE LIBERALIZATION ON INVESTMENT IN NIGERIA
THE RELATIONSHIP BETWEEN REMITTANCE NET FLOWS AND ECONOMIC GROWTH IN NIGERIA ABSTRACT This study investigated the impact of remittance netflow on per capita growth and also examined the transmission of structural shocks from remittance netflows to economic capita growth in Nigeria The impulse responses and variance decomposition computed from the VAR estimates are used to …
Read moreTHE RELATIONSHIP BETWEEN REMITTANCE NET FLOWS AND ECONOMIC GROWTH IN NIGERIA
IMPACT OF MACROECONOMIC VOLATILITY ON FDI INFLOW IN NIGERIA ABSTRACT This research work investigates the impact of macroeconomic volatility on FDI inflow into Nigeria. We decomposed FDI into various sources and examine if macroeconomic volatility affects each source of FDI differently. Using the ordinary least squares method, we find that FDI from different source do …
Read moreIMPACT OF MACROECONOMIC VOLATILITY ON FDI INFLOW IN NIGERIA
INFLATION, INFLATION UNCERTAINTY AND OUTPUT GROWTH IN NIGERIA ABSTRACT Rapid output growth and low inflation are the most common objectives of macroeconomic policy in both developed and developing economies. The relationship between inflation, inflation uncertainty and output growth has attracted much interest in economic literature. The views on the direction of this relationship are divergent …
Read moreINFLATION, INFLATION UNCERTAINTY AND OUTPUT GROWTH IN NIGERIA
INSTITUTIONAL QUALITY AND STOCK MARKET DEVELOPMENT IN NIGERIA – AN APPLICATION OF THE ARDL APPROACH ABSTRACT This study was motivated by the growing concern on the impact of Institutional Quality on economic outcomes. The study focused specifically on the Nigerian Stock Market due to its critical role in the economy as a vehicle for efficient …
INSTITUTIONAL QUALITY, GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH- PANEL EVIDENCE FROM FOUR SELECTED WEST AFRICAN COUNTRIES ABSTRACT In line with the search for the real determinant of economic growth, this work sought to analyze the impact of institutional quality, government expenditure on economic growth, using a panel data analysis for four selected West African Countries (Nigeria, …
MONETARY EFFECTS OF BANKING CRISIS IN NIGERIA ABSTRACT The study arose out of the need to tackle the challenges which emanated from the distortion of money demand and stress on inflation as banking crisis occurred. The challenges include liquidity squeeze and increased interest rate which undermined monetary policy implementation, reduced investment and sharply contracted economic …
MULTIDIMENSIONAL POVERTY MEASUREMENT IN NIGERIA- EVIDENCE FROM DEMOGRAPHIC AND HEALTH SURVEY 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 …
NIGERIA’S MULTILATERAL TRADE WITH THE G8 ECONOMIES-A GRAVITY MODEL APPROACH 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 …
Read moreNIGERIA’S MULTILATERAL TRADE WITH THE G8 ECONOMIES-A GRAVITY MODEL APPROACH
OIL PRICE FLUCTUATIONS, OIL REVENUE, AND WELFARE IN NIGERIA ABSTRACT Although crude oil in Nigeria is indeed a blessing, the fly in the ointment is the fluctuating price of oil which looks somewhat like a curse. The overdependence on crude oil as the country’s main product leads to Dutch disease syndrome. This study contributes to …
Read moreOIL PRICE FLUCTUATIONS, OIL REVENUE, AND WELFARE IN NIGERIA
OIL REVENUE FLUCTUATIONS, FISCAL POLICY RESPONSE AND ECONOMIC GROWTH IN NIGERIA ABSTRACT Every time the economy recesses the role of government intervention as proposed by Keynes again reiterates. However the nature and magnitude of these policies are important to note. It is on this premise that this study examines the impact of oil revenue fluctuations …
Read moreOIL REVENUE FLUCTUATIONS, FISCAL POLICY RESPONSE AND ECONOMIC GROWTH IN NIGERIA
POPULATION DYNAMICS AND ECONOMIC GROWTH IN NIGERIA ABSTRACT This study investigated the relationship between population dynamics and economic growth in Nigeria. In addition, the study tried to identify the determinants of population growth as well as testing for causality between population and economic growth in Nigeria. Using annual time series data spanning from 1970 to …
EFFICIENT MARKET HYPOTHESIS (EMH) AND NIGERIAN CAPITAL MARKET- AN ANALYSIS OF BONUS ISSUES AND DIVIDEND ANNOUNCEMENT. ABSTRACT The study examined the efficient market hypothesis and Nigerian capital market in relation to information contained in dividend and bonus issues announcement to ascertain the speed at which the market adjust to all the relevant available information on …
EMPIRICAL ANALYSIS OF MACROECONOMIC INSTABILITY AND FOREIGN DIRECT INVESTMENT INFLOW IN NIGERIA 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 …
EMPIRICAL TEST OF THE HECKSCHER-OHLIN THEORY BETWEEN NIGERIA AND USA IN 2012 ABSTRACT This study was carried out to test empirically if Nigeria’s pattern of production and trade is consistent with the Heckscher-Ohlin framework. It was necessitated by the fact that Nigeria is abundantly endowed with labour resources, fertile land, and good climatic conditions among …
Read moreEMPIRICAL TEST OF THE HECKSCHER-OHLIN THEORY BETWEEN NIGERIA AND USA IN 2012
EVALUATING THE IMPACT OF INTERNATIONAL TRADE FLOWS ON INDUSTRIAL SECTOR EMPLOYMENT IN NIGERIA ABSTRACT The study evaluates the impact of international trade flows on industrial sector employment in Nigeria. Specifically, the study evaluates the extent in which trade expansion has impacted on the industrial sector employment, the impact of net export on aggregate labour demand …
FINANCIAL LIBERALISATION POLICY AND THE PERFORMANCE OF THE FINANCIAL SECTOR IN NIGERIA ABSTRACT The study focuses on investigating the impact of financial liberalisation policy on the performance of the financial sector in Nigeria by utilising Analysis of Covariance (structural break with mix dummy coded and continuous variables) and applying the Ordinary Least Square (OLS) technique …
Read moreFINANCIAL LIBERALISATION POLICY AND THE PERFORMANCE OF THE FINANCIAL SECTOR IN NIGERIA
FISCAL POLICY AND PRIVATE INVESTMENT IN AFRICA- A TEST OF THE CROWDING-OUT HYPOTHESIS ABSTRACT This study probes the effectiveness of fiscal spending in the context of crowding out/in hypothesis for Sub-Saharan Africa, using annual panel data for the period 2000 – 2011 obtained from the World Bank online data bank for forty six countries in …
Read moreFISCAL POLICY AND PRIVATE INVESTMENT IN AFRICA- A TEST OF THE CROWDING-OUT HYPOTHESIS
FOREIGN AID AND POVERTY DYNAMICS IN AFRICA ABSTRACT The study focuses on foreign aid and poverty dynamics in Africa. Specifically, the study addressed two objectives ;(1) the relationship between poverty and aid and (2) the relationship between mortality rate and aid. Following these objectives, the study used fixed effects estimation techniques for the two objectives, …
FOREIGN DIRECT INVESTMENT AND THE MANUFACTURING SECTOR IN NIGERIA ABSTRACT The importance of the manufacturing sector in the economic growth cannot be overemphasized. This has led to interests in the determinants of its performance over the years. This study therefore, investigated the impact of foreign direct investment (FDI) on the performance of the manufacturing sector …
Read moreFOREIGN DIRECT INVESTMENT AND THE MANUFACTURING SECTOR IN NIGERIA
GOVERNMENT BUDGET DEFICIT AND ECONOMIC PERFORMANCE IN NIGERIA ABSTRACT This study examined the influence of government budget deficit on economic performance in Nigeria. The study captures government budget deficit with budget deficit ratio (Bdr) and economic performance with real domestic product (RGDP). Budget deficit ratio measures the ratio of Nigeria’s national debt to its gross …
Read moreGOVERNMENT BUDGET DEFICIT AND ECONOMIC PERFORMANCE IN NIGERIA
GOVERNMENT EXPENDITURE AND ENERGY CONSUMPTION IN NIGERIA ABSTRACT Government expenditure is a very important fiscal tool used by policy makers to stimulate the economy. Therefore, the study of its determinants has led us to include energy consumption in this study. The study therefore, investigated the nexus between government expenditure and energy consumption in Nigeria covering …
Read moreGOVERNMENT EXPENDITURE AND ENERGY CONSUMPTION IN NIGERIA
EFFECTIVENESS OF MONETARY POLICY IN STIMULATING ECONOMIC GROWTH IN NIGERIA ABSTRACT This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation …
Read moreEFFECTIVENESS OF MONETARY POLICY IN STIMULATING ECONOMIC GROWTH IN NIGERIA
AN INVESTIGATION OF THE SOCIOECONOMIC DETERMINANTS OF OBESITY IN NIGERIA ABSTRACT The ongoing demographic and epidemiologic transitions in Nigeria are some of the possible reasons why the prevalence of obesity is increasing in Nigeria. The economic impact of obesity in Nigeria may result to a decrease in productivity. Policies have been put in place by …
Read moreAN INVESTIGATION OF THE SOCIOECONOMIC DETERMINANTS OF OBESITY IN NIGERIA
ANALYSIS OF STOCK PRICES AND EXCHANGE RATE INTERACTIONS IN NIGERIA ABSTRACT The need to capture stock market and foreign exchange market nexus in Nigeria is underscored by the rapidly expanding financial markets integration due to trade and financial liberalization policies which seem to have enhanced the inflow of capital as well as accelerated investment/business interactions. …
Read moreANALYSIS OF STOCK PRICES AND EXCHANGE RATE INTERACTIONS IN NIGERIA
APPRAISAL OF THE CONTRIBUTION, MACROECONOMIC DETERMINANTS AND REVENUE IMPLICATIONS OF THE INFORMAL SECTOR IN NIGERIA, 1970 – 2010 ABSTRACT This work was motivated mainly by the need to support development policy making and economic management in Nigeria with credible statistics and systematic evidence on the informal sector. This is because despite the wide range of …
ASSESSMENT OF NIGERIA’S MILLENNIUM DEVELOPMENT GOALS AND IMPLICATIONS FOR SUSTAINABLE DEVELOPMENT ABSTRACT The study was motivated by the continuous rise in the poverty level in Nigeria amidst the country’s vast human and material resources that can guarantee sustainable economic growth and development and also the pervasive gender inequality that persists among households. It is on …
CAPITAL MARKET DEVELOPMENT AND ITS CONTRIBUTION TO FINANCIAL SECTOR DEVELOPMENT IN NIGERIA- AN EMPIRICAL ANALYSIS ABSTRACT Motivated by the potential of capital markets in advanced countries this study sought to seek the performance of the Nigerian capital market. The broad objective of this study is to examine the performance of Nigerian capital market. The study …
DECOMPOSITION ANALYSIS OF INEQUALITIES IN HOUSEHOLD CONSUMPTION EXPENDITURE IN NIGERIA ABSTRACT Income inequality is one of the major underdevelopment problems facing developing countries including Nigeria. Despite serious attention given to inequality in both theoretical and empirical literature, it is still understudied in the case of Nigeria because most empirical studies overaggregate analysis. This study departs …
Read moreDECOMPOSITION ANALYSIS OF INEQUALITIES IN HOUSEHOLD CONSUMPTION EXPENDITURE IN NIGERIA
DEMOGRAPHIC AND ECONOMIC DETERMINANTS OF VARIATIONS IN INFANT MORTALITY IN NIGERIA ABSTRACT This research work focused on the assessment of the demographic and economic determinants of infant mortality in Nigeria. To achieve the objectives of the study, infant mortality rate (measure of child health outcome) was regressed on government health expenditure, real GDP, inflation, population …
Read moreDEMOGRAPHIC AND ECONOMIC DETERMINANTS OF VARIATIONS IN INFANT MORTALITY IN NIGERIA
DETERMINANTS OF FERTILITY RATE AMONG WOMEN AND THE IMPLICATIONS FOR POPULATION GROWTH- A COMPARATIVE STUDY OF NIGERIA AND GHANA ABSTRACT The paper examines the determinants of fertility in Nigeria and Ghana using the Ordinary Least square econometric model. The determinants of fertility that are subjected to empirical scrutiny include income of household, rural-urban concentration of …
ECONOMIC ANALYSIS OF PUBLIC EXPENDITURE GROWTH AND OPTIMAL SIZE OF PUBLIC SECTOR IN NIGERIA ABSTRACT Public expenditure is not only used for stimulation of aggregate demand, it is also a useful tool for redistribution of wealth and provision of public goods. Consequently, the size and object of government expenditure becomes a leading policy issue of …
Read moreECONOMIC ANALYSIS OF PUBLIC EXPENDITURE GROWTH AND OPTIMAL SIZE OF PUBLIC SECTOR IN NIGERIA
EDUCATION, EARNINGS AND GENDER DISCRIMINATION IN THE NIGERIA LABOUR MARKET ABSTRACT This study investigates the level of gender inequality in the Nigeria labour market and how such inequality is explained by characteristics of men and women in the labour market. The 2008/2009 harmonised survey data especially the labour and employment component were employed in the …
Read moreEDUCATION, EARNINGS AND GENDER DISCRIMINATION IN THE NIGERIA LABOUR MARKET
AN EMPIRICAL ANALYSIS OF THE SACRIFICE RATIO IN NIGERIA ABSTRACT The study empirically analyzed the sacrifice ratio in Nigeria for the period 1970-2013, using the Instrumental Variables Generalized Method of Moments (IV-GMM) technique. The results revealed that inflation inertia has a significant negative impact on the actual rate of inflation in Nigeria. It was also …
Read moreAN EMPIRICAL ANALYSIS OF THE SACRIFICE RATIO IN NIGERIA
AN EMPIRICAL INVESTIGATION OF THE DETERMINANTS OF WAGE DIFFERENTIALS IN NIGERIA ABSTRACT This study examines the determinants of wage differential in Nigeria. The contribution of wage differential or inequality to total income inequality in Nigeria cannot be under-estimated. This goes without saying that the gross income inequality reckoned in Nigeria could be reduced by tackling …
Read moreAN EMPIRICAL INVESTIGATION OF THE DETERMINANTS OF WAGE DIFFERENTIALS IN NIGERIA
AN EMPIRICAL INVESTIGATION OF THE INTERACTIONS BETWEEN REMITTANCE INFLOWS AND HUMAN CAPITAL DEVELOPMENT (IMPLICATION FOR THE ECONOMIC GROWTH IN NIGERIA) ABSTRACT This study analyzes the interactions between remittance inflows and human capital development: implication for economic growth in Nigeria. Using Nigeria most recent data set on remittances inflows, human capital development and economic growth this …
AN EMPIRICAL STUDY OF THE FOREIGN EXCHANGE RATE PREMIUM IN NIGERIA (1970-2007). ABSTRACT This work evaluates the trends in the parallel market exchange rate premium, its determination and impact on the foreign exchange market in Nigeria. It examines the impact of existing demand and supply gaps in the overall foreign exchange market on the determination …
Read moreAN EMPIRICAL STUDY OF THE FOREIGN EXCHANGE RATE PREMIUM IN NIGERIA (1970-2007).
AN ANALYSIS OF THE POVERTY-GROWTH –INEQUALITY –NEXUS IN NIGERIA- 1992-2010 ABSTRACT The issue of poverty is posing serious threat to the development of the Nigerian economy. Growth was seen as the driving force for poverty reduction by studies carried out in the 1980s. But, recent attention has now been shifted to the role of income …
Read moreAN ANALYSIS OF THE POVERTY-GROWTH –INEQUALITY –NEXUS IN NIGERIA- 1992-2010
AN ANALYSIS OF FOREIGN EXCHANGE RESERVE HOLDINGS AND MACROECONOMIC STABILITY IN NIGERIA 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 …
Read moreAN ANALYSIS OF FOREIGN EXCHANGE RESERVE HOLDINGS AND MACROECONOMIC STABILITY IN NIGERIA
ACCESS TO CREDIT AND PERFORMANCE OF SMALL SCALE FARMERS IN NIGERIA 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 …
Read moreACCESS TO CREDIT AND PERFORMANCE OF SMALL SCALE FARMERS IN NIGERIA
A DISTRIBUTIONAL ANALYSIS OF HOUSEHOLD HEALTH EXPENDITURE IN NIGERIA 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 …
Read moreA DISTRIBUTIONAL ANALYSIS OF HOUSEHOLD HEALTH EXPENDITURE IN NIGERIA
A COMPARATIVE ANALYSIS OF THE IMPACT OF FLUCTUATING OIL PRICES ON NIGERIA’S AGRICULTURAL AND INDUSTRIAL SECTORS ABSTRACT This study was the brain child of the earnest desire to unravel the impact of the incessant fluctuating oil prices on two crucial sectors of the Nigerian economy; the agricultural sector and the industrial sector which used manufacturing …