Research Papers/Topics in Economics

THE IMPACT OF CORONAVIRUS COVID-19 ON THE NIGERIAN ECONOMY

Coronavirus was first discovered in December 2019 in Wuhan China as a Pneumonia of unknown cause. The virus spread very fast, with a number of cases and deaths in quite a short time. In January 30th 2020, the World Health Organization deemed it fit to declare the virus as a public health emergency hazard. It was named COVID-19 in February 2020. Coronavirus COVID-19 are a large family of viruses that can cause illness ranging from cold, sore throat, fever, headache etc. The viruses are z...

Oil Price – Inflation Nexus: A Case Study of South Africa and Nigeria

The goal of this research is to examine the impact of oil price on inflation rates in South Africa and Nigeria- thereby comparing inflation nexus between oil rich and non-oil rich African nations. To accomplish this task the authors have utilized yearly oil price and inflation data from the period of 1987 – 2016 (source: World Bank), thus providing 30 data observations.An ARDL modeling approach has been deemed most appropriate in this analysis due to limited sample data. Our result revealed...

Evaluating the Relationship between Economic Development and Labour Legislations (India as a Case Study)

In India, there is too much pressure emanating from the labour legislations which has led to the complicated Labour regulation system. The India Legislations are viewed as a major factor that negatively affects the economic growth of India. This paper thoroughly examined the interlinkages between labour legislation and economic development for India and also the Indian States. For taking into cognizance of the regulations governing the employment and labour markets in India as well as ...

FOREIGN AID AND HUMAN CAPITAL DEVELOPMENT IN NIGERIA

Developing countries face massive poverty, slow GDP growth, high mortality rates, and low levels of education. In the year 1999, 1.2 billion people lived on less than $1 (in PPP US$) a day, and another 2.8 billion people lived on less than $2 a day (World Bank, 2003). The majority of the people in the least developed countries cannot read or write. Over 854 million adults in this world are illiterate, and 543 million of them are women (Human Development Report, 2000). Similarly, many pe...

FISCAL DEFICIT FINANCING AND HEALTH SECTOR DEVELOPMENT IN NIGERIA

The history of deficit financing dated back to 1978 when the nation absorbed a $1billionJumbo loan presumably needed for rehabilitation, reconstruction and development of the wartorn Nigerian economy. However, this was an aftermath of the Nigerian civil war that lasted till 1970. This action subsequently followed by massive borrowing by both federal and state governments and their institutions to revitalize the already doldrums economy. Nations, the world over had engaged in va...

FISCAL DEFICIT AND UNEMPLOYMENT GROWTH IN NIGERIA

In Nigeria, budget deficit has been blamed for causing much economic crises, high inflation, poor investment performance and growth (Appah and Chigbu, 2013). One of the most important objectives of fiscal policy is to reduce national debt and to check the interest payment on such debt from rising so as to prevent high deficit in the future. However, Nigerian government budget deficit witnessed an increase in the past decades. For instance, from 1981, deficits increased from N3.9billion...

EXTERNALITIES: A CASE STUDY OF GUINNESS COMPANY, IKPOBA HILL, EDO STATE NIGERIA.

TABLE ON CONTENT SECTION ONEIntroduction SECTION TWOLiterature Review:SECTION THREESituational AnalysisSECTION FOURSummary and Conclusion     

EXTERNAL RESERVES AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIA

External reserves are variously called International Reserves, Foreign Reserve or Foreign Exchange Reserves. While there are several definitions of international reserves, the most widely accepted is the one proposed by the IMF in its Balance of Payments Manual, 5th edition. It defined international reserves as consisting of official public sector foreign assets that are readily available to, and controlled by the monetary authorities for direct financing of payment imbalances, and dir...

DOES GOVERNMENT CROWD OUT PRIVATE INVESTMENT IN NIGERIA

  There is a dilemma between the current call for a private sector led economic growth process for a reduction in government participation in the Nigerian economy, and the call for government domination in the economy. Government expenditure represents an important policy instrument through which an enabling environment can be created for a greater private sector participation in the economy. However, against the background of deepening economic crises that began in the 1980s ...

BRIEF EVALUATION OF THE REVEAL PREFERENCE HYPOTHESIS

It is key and expedient to quickly recall that, the Reveal Preference Hypothesis was given by Paul Samuelson which is a major breakthrough in the demand theory. In line with the breakthrough, it is often and highly celebrated because of its intended advantage in the derivation of the demand theory without the use of the indifference curve as in the case of the ordinal world. 

AN EMPIRICAL TEST OF THE RICARDIAN MODEL

The Ricardian model is a simple picture of international trade between nations ,which was created to show comparative advantage in producing goods and the gain from trade. The concept of comparative advantage was introduced by David Ricardo in 19th century. The country has comparative advantage in producing if it can produce at a lower cost than any other country .The Ricardian model has been developed on the following assumptions:·        Only two countries are involved in ac...

A TERM PAPER ON GOVERNMENT EXPENDITURE

From the knowledge of macroeconomic model, it is overtly true that, government expenditure is one of the components of aggregate demand. Going by this, its impact cannot be easily ignored or relegated with negligence. This is simply because; no economy has ever survived with zero emphases on this variable. 

A SHORT ESSAY ON EMPERICAL TEST OF THE RICARDIAN MODEL

The main objective of this paper is to evaluate the various empirical test of the Ricardian comparative advantage model that were put in place by different researchers  to ensure its validity in reality.  

Benefit of Extractive Industry Transparency Initiative on the Mineral Dependent Economies

The EITI is a standard for countries with oil, gas and minerals, it requires all companies extracting oil, gas and minerals to publish what they pay in taxes and royalties and the government also publish what it receives, including other key information about the sector (EITI, 2016). These mineral dependent economies generate at least 8 % of GDP and 40 % of export earnings from the mineral (Auty, 1993). The lack of accountability and efficient management of these resources has led to politica...

NIGERIA CUSTOMS SERVICE AND THE FIGHT AGAINST ECONOMIC TERRORISM

1. BACKGROUND OF STUDYSince its independence in 1960, Nigeria has been trying to transform its status from a third world economy to a first world economy. This has resulted to successive governments launching and implementing different economic programmes to achieve this aim ranging from the First Economic Development Plan, Second Economic Development Plan, Third Economic Development Plan, Green Revolution, Structural Adjustment Programme, Vision 2010, National Economic Empowerment and Develo...

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