ABSTRACT The study empirically investigated the impact of capital market on industrial sector performance in Nigeria between 1970-2012. The capital market was set up to achieve specific objectives which would boost the economy such as encourage domestic savings and increasing the quantity and quality of investments. The industrial sector performance was proxy by industrial output. Capital market variables considered include market capitalization, total new issue, volume of transaction, a...
ABSTRACT The study examined the validity of Friedman’s hypothesis and subjected to test the stability of money demand function in Nigeria over the period of 1970-2006 using the Nigerian time series data. The study applied the Granger causality test and the Distributed Lag Model (DLM) to estimate two distinct equations, while the CUSUM and CUSUM Squares test procedure was used to examine the stability of money demand function. As a matter of necessity, we subjected our variables to time ser...
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 in Nigeria as well as the causal relationship between foreign direct investment and manufacturing capacity utilisation (MCU) from 1970-2012 under the framework of VAR. The result of...
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 domestic product while real GDP measures the value of economic output adjusted for price changes. To estimates the influence of government budget deficit on economic pe...
Abstract There has been a lot of controversy over what influences stock prices most on the stock exchange. While some analysis believe that dividend policy is responsible for the stock price movements on the stock exchange, others claim that dividend policy is irrelevant to share price valuation. They are of the opinion that what matters to the investors are the financial performance of the companies and not the dividend payouts. It is the objective of the study to find out whether it is divi...
Abstract This study was undertaken to compare alternative methods of pest control for insect pests in order to determine which methods has the highest efficacy against insect pests and the least detrimental side effects, while maintaining production and profits. The analysis was based on the experimental trials for three treatments: weaver ants, chemical insecticides and control. Data on yields, quantities and prices of inputs and output were collected and analyzed using inferential statisti...
ABSTRACT The research aims to find the relationship between income inequality and economic growth in the Brazilian economy. Economic growth and income inequality are defined in the light of academic literature and their varied effect on wellbeing are explored. The research methodology selected is deductive. The data have been collected through secondary sources and a multiple regression model is used to study the relationship between the economic performance and income inequality in Brazil. ...
World initiatives in education such as Education for All (EFA) and the Millennium Development Goals (MDGs) have seen many governments make access to education central to their national development strategies mainly by reducing education costs. This has seen many governments invest heavily in education with Kenya allocating a third of her annual budget to education. However, despite this kind of investment, there is little empirical evidence to show that learners are benefitting commensur...
ABSTRACT This research’s main objective is to study the dynamic relationship between population growth and unemployment in Nigeria. The study is of utmost importance as it addresses a strategic aspect of the economy and also considering the fact that the country has been experiencing a slow growth rate and a severe decline in development. A regression model is used to describe the statistical relationship between population growth and unemployment. It is hypothesized that population growth...
ABSTRACT A key policy objective of sustainable economic development, especially in any developing country like Nigeria, is to establish energy development paths that are both economically efficient and sustainable. However, this depends significantly on full utilization of such resources. This research work adopts an econometric approach to evaluate both the impact and the sustainability of Gas utilization in the Nigerian economy. Also, it examines the structure of gas flaring in Nige...
ABSTRACT The term unemployment can be defined as an economic condition marked by the fact that individuals actively seeking jobs remain unemployed. Unemployment is expressed as a percentage of the total available work force not working. The rate of unemployment varies with economics conditions and other circumstances. Unemployment is frequently seen in graduates of big institutions of learning most especially in under developed nations such as Nigeria. The study was formed to investigate the...
Performance contracting is a freely negotiated agreement between a government, acting as the owner of a public agency, and the management of the agency and it is used in the Kenyan public institutions to enhance efficiency. Technical Training Institutes face pressure to improve efficiency in management practices. Before the study was conducted it was unclear whether the introduction of performance contracting had enhanced efficiency in management practices in Technical Training Institute...
ABSTRACT The developing world is changing from one of rural villages to that of urban dwellings. The population of Lagos, which stood at 270,000 in 1952/53, rose to 5.69 million in 1991 and was estimated to be 18 million in 2010. This has created excessive demand for housing. Available statistics on housing production showed that between 1974 and 1989, 11422 units of houses were produced. This number fell precipitously to 8162 units between 1994 and 2004. The estimated housing deficit for La...
ABSTRACT Foreign Portfolio Investment (FPI) is a major source of liquidity to domestic firms. However, foreign exchange-risk makes returns to foreign investors uncertain thereby discouraging FPI. This uncertainty is more pronounced in developing economies where exchange rates play key roles and markets for hedging are underdeveloped. While studies from different economies have shown that firms hedge foreign exchange-risk or pay a premium to investors who bear it, previous studies on Nigeria ...
ABSTRACT The most distinguishing feature between developed and developing countries is the relative poverty rates. Poverty scourge undermines lives of many in developing countries including Swaziland (63%). The general belief is that irrigated agriculture limits crops failure, external shocks hence Swaziland has seen development of new and rehabilitation of existing Smallholder irrigation schemes (SHIS). The Poverty Reduction Strategic and Action Programme (PRSAP) advocates for the developmen...