Research Papers/Topics in Economics

Introducing Anthropological Economics: The Quest for an Anthropological Basis for Economic Theory, Growth Models and Policy Development for Wealth and Human Welfare Maximisation

This paper attempts to merge the concepts and theoretical frameworks of the disciplines of Anthropology and Economics, and attempts to create a new sub-field in Economics called ‘Anthropological Economics’ which is mired in Anthropological concepts and principles and seeks to maximize not only human welfare and happiness but also wealth maximization across cultures, while considering both the psychic unity of man, universal human needs and culturespecific factors. Thus, Anthropologica...

Estimating the effects of financial inclusion on welfare in sub Saharan Africa

The prominent role of financial inclusion in every economy—as it has been widely acknowledged as an enabler to achieving eight out of the 17 Sustainable Development Goals (SDGs) cannot be overemphasized as far as the welfare of individuals is concerned. This study estimates the effects of financial inclusion on welfare using cross-section data from 33 sub-Saharan African countries and the ordinary least squares technique is employe...

A terminal level analysis of service quality at Nigerian seaports

Seaport terminals are major facilitators of international trade. One issue that is verycrucial to the performance and survival of seaport terminals is the quality of serviceprovided. However, in order to enhance the quality of service provided at theseterminals, it is important to know customers’ expectations and perceptions aboutservice quality. Notwithstanding, very little is known about customers’ expectationsand perceptions on the service quality of seaport terminals in Africa. This p...

How does quality of institutions affect the impact of trade openness on economic growth of Ghana?

Developing countries, of which Ghana is no exception have actively engaged in trade openness after independence, yet, their economic growth remains low and this calls for urgent attention to address the situation. This study therefore examines the impact of trade openness on economic growth of Ghana for the period 1984–2018 taken into consideration the role quality of institutions play. The results from the autoregressive distribute...

A New Model for Pricing Collateralized OTC Derivatives

This paper presents a new model for pricing OTC derivatives subject to collateralization. It allows for collateral posting adhering to bankruptcy laws. As such, the model can back out the market price of a collateralized contract. This framework is very useful for valuing outstanding derivatives. Using a unique dataset, we find empirical evidence that credit risk alone is not overly important in determining credit-related spreads. Only accounting for both collateral arrangement and cre...

Improving Loan Repayment in Ghana: Does Financial Literacy Matter?

Loan defaults continue to be a major challenge that confronts financialinstitutions in developing countries and this impedes their potential role in sustainabledevelopment. Given the enormity of loan defaults, policymakers havedevoted much attention to the phenomenon by implementing strategies and policiesaimed at improving loan repayment to avert the situation. To complement theeffort of policymakers, several empirical studies have also been conducted regardingloan repayment determinants; bu...

ROLES OF GENDER AND EDUCATION IN DETERMINING HOUSEHOLD POVERTY IN SOUTH EAST REGION OF NIGERIA

Abstract The paper examines the linkages between gender of household heads, education and household poverty in  South East region of Nigeria between 2001 and 2017. Data analyzed were obtained from four national consumer expenditure surveys conducted in Nigeria in 2001, 2006, 2011 and 2017 by the Federal Office of Statistics. Adjustments were made for price differentials over time and across regions of the country. However, only aggregated data for households were available. Per capi...

ADVANTAGES OF COVID-19 TO THE REAL ESTATE MARKET IN AFRICA

A novel coronavirus (COVID-19) was identified in 2019 in Wuhan, China. This is a new coronavirus that has not been previously identified in humans. Corona virus disease, is an infectious disease that is caused by severe acute respiratory syndrome coronavirus. The COVID-19 outbreak has since spread to about 196 countries and territories in every continent. As the effects of Covid -19 are felt around the world the Real estate is being impacted in many different ways, depending on the region and...

Natural Gas Pipelines in the Eastern Mediterranean Sea

The discovery of large gas fields off the coasts of Israel, Cyprus and Egypt could have significant implications, not merely in addressing the countries 'energy needs, but also for geopolitical relations in the region and with Europe. Such results have already played a major role in the reconciliation agreement and established a new context in which talks can be restarted.

THE NIGERIA EDUCATION WITH REGARDS TO IT’S PHILOSOPHY, EDUCATIONAL POLICY, IMPLENTATION OF THE POLICY AND RESULT

AbstractChanges in comparative advantage should reflect changes in factor endowment, but increasingly, changes in trade policies also affect a region’s trade performance. Based on the arguments in Balassa’s stages of comparative advantage thesis, this paper looks at the comparative cost advantage empirical evidence from Asia. Although the RCA measurement may not distinguish between the factor endowments effects from the trade policy effect, i argue that RCA measures provide indi...

The Effect of Exchange Rate and Interest Rate Volatilities on Stock Prices: Further Empirical Evidence from Ghana

Studies have proven that volatilities in the rates of exchange and interest influence the performance of institutions and the values of their shares. This study investigates empirically the effect of exchange rate and interest rate volatilities on stock prices of f inancial institutions listed on the Ghana Stock Exchange using monthly data spanning the period January 2000 to October 2016. The generalized autoregressive conditional heteroskedastic (GARCH) model is employed for the analysis. Th...

The dynamic impact of bilateral trade linkages on stock market correlations of Australia and China

This article aims to examine the long-run equilibrium relationship between bilateral tradelinkages and stock market correlations of Australia and China using quarterly data from 1993to 2015. Further, this study explores the impact of trade intensity on stock market correlationsusing OLS, Dynamic OLS (DOLS) and Fully Modified OLS (FMOLS) models. The empirical resultsconfirm that there is a significant long-run relationship among the variables. In addition, ourresults, based on OLS, DOLS and FM...

Tax Evasion and Its Impact on Government Revenue Generation in Oyo State

State government is faced with varieties of difficulties to source adequate revenue from federal government and internally generated revenue; such problems are gear wheel to the smooth running of state government administration. Thus, the objective of this research was to analyze the extent to which tax evasion had affected revenue generation of Oyo state government. The researcher used secondary method of data collection to generate the needed data. The following were some of the findings wh...

Imperative of Economic Integration Among Muslim Countries: Lessons From European Globalisation

Purpose – The paper was written to highlight the advantages of initiating economic integration among Muslim countries across the globe, drawing special lessons from Europe’s experience; its successful economic integration and challenges which trailed the process.Design/methodology/approach – The methodology is basically descriptive and analytical.Theoretical construct and model on economic integration was developed for adoption by the Muslim countries. The model seeks to ...

The Viability of WAQF and ZAKAH as Social Safety Nets for Poverty Reduction in Nigeria

The purpose of this paper is to explore the viability of waqf and zakah as social safety nets (SSNs) for poverty reduction in Nigeria. The increasing rates of poverty, unemployment, crime, trafficking in persons and ethno-religious conflicts provide justification for an ethical approach to economic development in Nigeria. In making a case for the two ultra-religious models, the qualitative research method was preferred relying on documentary sources. The information s...


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