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.
Abstract Changes 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 indication ...
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...
This article aims to examine the long-run equilibrium relationship between bilateral trade linkages and stock market correlations of Australia and China using quarterly data from 1993 to 2015. Further, this study explores the impact of trade intensity on stock market correlations using OLS, Dynamic OLS (DOLS) and Fully Modified OLS (FMOLS) models. The empirical results confirm that there is a significant long-run relationship among the variables. In addition, our results, based on OLS, DOLS a...
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...
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 enhance th...
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 sourced from previous...
This paper investigates whether interest rate influence demand for money in Ghana using annual time series from 1980 to 2016. Demand for money is measured by broad monetary aggregate (M2+) whilst the rate of interest is proxied by the 91-day Treasury bill rate. Other variables included in the study are real income, inflation and exchange rate. The bounds testing approach to cointegration within the autoregressive distributed lag (ARDL) framework is employed as the estimation technique. The re...
The present study investigated the existence of asymmetry in exchange rate pass-through to consumer prices in Nigeria by collecting monthly data over the period of 2001 to 2015 from various sources. Owing to the absence of a long-run relationship, results showed that, over the short term, consumer prices in Nigeria have adaptive expectations; the case of imported inflation was also found; partial/incomplete exchange rate pass-through was found over the short term and the pass-through estim...
Population growth and its interaction with food security and economic growth is the crux of the matter in this study. It has been documented that Nigeria is experiencing very high population growth rate due to aggravating high birth rate and plummeting death rate. The extent to which population growths affect food security and economic growth was therefore examined. Using time series data pooled from 1981 to 2016, tested for stationarity, co-integrated and corrected for error, the study obser...
This research work tries to examine the significance of agriculture production on economic growth in Sierra Leone. It empirically explored the agriculture and economic growth nexus in Sierra Leone. The objective of the study is to examine the place of agriculture in the economic growth and development of Sierra Leone. Using least square method, data collected were secondary data and the durbin-watson t-statistics were used in the regression analysis. The study shows that agriculture productio...
Age grade system is known to play a significant role in the development of the communities in Ohafia right from its origin. The study examines the relationship between age grade projects and improvements in several socio- economic indicators as literacy level, life expectancy at birth, employment generation and income. The study draws on survey data from a sample of 293 respondents in ten communities in Ohafia Local Government Area of Abia State. Descriptive and inferential statistics were us...
External shock can be seen as the vulnerability of an economy to fluctuations of a primary commodity price in the international market and foreign aid flows. This is usually possible for an economy with a high index of openness, and largely dependent on such commodity as sources of foreign exchange earnings and government revenue. One of such economies is Nigeria. Its shocks have emanated from oil price (Adamu, 2015), non-oil primary commodities, aid flows and trading partners at different pe...
International Journal of Sustainability in Higher Education, Jan 1, 2006 Purpose: This paper explores the use of the purchase power of the higher education system to catalyze the economy of scale necessary to ensure market competitiveness for solar photovoltaic electricity.Design/methodology/approach: The approach used here was to first determine the demand necessary to construct “Solar City Factories”, factories that possess equipment and processes sized, dedicated and optimized to produ...
The economics in the U.S. of solar photovoltaic (PV) systems is changing rapidly as the cost per unit power of PV modules has dropped quickly. These costs reductions have two important results: marked decrease in levelized cost of electricity (LCOE) into ranges competitive or better than traditional electricity-generation technologies and the economic role of racking has been gaining prominence relative to that of modules. As the relative importance of costs of PV racking has been marginal hi...