Books in Economics

FDI and Growth: Does Democracy Matter?

This study investigates the role of democracy in moderating the growth effect of FDI, the interaction specification is used. Methodologically, this study adopts a dynamic GMM panel estimator which allows us to control problems associated with the country-specific effects, endogeneity and the inclusion of lagged dependent variables. The results illustrate that there is no direct impact of FDI on output growth. However, the findings show that the growth effect of FDI depends on the level of dem...

Reducing inequality in developing countries throughMicrofinance, Any-correlation so far

Even though microfinance is expected to significantly affect macro variables such as inequality, poverty,and human development, there has not been enough empirical study on the impact analysis at the macrolevel, such as the effect of microfinance on inequality, especially in developing countries of Africa. Thischapter, therefore, provides a detailed empirical analysis of the correlation between microfinance andinequality in West Africa sub-region. The correlation coefficient shows that althou...

Defense-Education-Expenditure-Nexus-in-Economic-Growth-of-Nigeria

As defense expenditure in Nigeria has become considerably high, the concern is whether the burden ofsuch expenditure might adversely influence economic growth through its ability to reduce expenditureon education, which is a key sector that accentuates economic growth. This chapter, therefore, analyzesthe deleterious effects of defense expenditure on education expenditure in relation to economic growth of Nigeria. The estimated model finds that defense expenditure exerts negative effect ...

Nigeria's Recession: Causes, Effects and Solutions

NIGERIA’S RECESSION: CAUSES, EFFECTS AND SOLUTIONS. The Central Bank of Nigeria (CBN) and the minister of finance Kemi Adeosun have all agreed that Nigeria is technically plunged into recession. I will be analysing some causes of Nigeria’s recession and the possible way out. The National Bureau of Economic Research (NBER) defines recession as a significant decline in economic activity Spread across the economy, lasting more than a few months, normally visible in real GDP, real income...

Income level management

The introduction, like the preface, is by the author. However, herethe author tells the reader what the book is about and how it shouldor might be used. For example, the author might indicate thatexperienced readers should begin with section two or that it isbetter to read the work through before attempting the exercises. Ifthis is a second or subsequent edition, this is where the author willexplain the changes and improvements.

Causes and effect of poverty and injustice

INTRODUCTIONPeople living in poverty are exceptionally vulnerable to crime, abuse and exploitation. If they do not have the ability to take real and effective recourse against these actions, then impunity and inequality is perpetuated, and their vulnerability is exacerbated. Accountability becomes a sham. Their increased vulnerability and exclusion further hampers their ability to pursue justice; spiraling down the generations. Poverty will only be defeated ...