ABSTRACT The commencement of WAMZ initially scheduled for 2003, was postponed to 2005 and finally for the third time to 2009, due to the tendency of the adopted macroeconomic convergence criteria to lead to indeterminacy. This has become a burning issue, given the persistence of widespread divergence and the weak prospect for mining desired macroeconomic convergence with the current independent national fiscal and monetary policy pursuits of the participating countries. This study therefore c...
ABSTRACT This study examined the extent to which macroeconomic policy shocks had contributed to exchange rate volatility in Nigeria from 1986 to 2009. Specifically, it established the degree and severity of exchange rate volatility in Nigeria and then examined the impact of macroeconomic policy shocks on real exchange rate volatility in Nigeria during the sample period. Furthermore, the study determined the differential effects of both internal and external macroeconomic policy shocks on the...
ABSTRACT The Nigerian banking industry has witnessed major changes in the number of participating banks during the period 2000-2012, as it moved from pre-consolidation regime to government-induced and, lately, to market-led consolidation period, with no clear indication of impact on concentration, competition and profitability. This study empirically examines, if changes in structure, proxied by bank concentration and measured by the HerfindahlHirshman Index (HHI), have effect on the degree ...
ABSTRACT In an ardent attempt to put their natural resources into better use, developed and developing countries have given a very high priority to the planning and development of high-level manpower wince the end of World War II. The university, being the capetone of any country's educational system and the main supplier of graduates and allied high-level manpower, undoubtedly assumes a strategic position in any serious endeavour to develop highly skilled personnel. Consequently in Nigeria, ...
ABSTRACT This study considers the effect of urbanization on key economic social and environmental variables. These variables are used to develop indices to measure sustainable development in the urban areas of south-west Nigeria. It is done by assessing the impact of urbanization and some other driving force of development on urban economic growth and the quality of life and quality of the environment in the area. A thorough review of issues and concerns relating to urbanization economics gro...
Abstract This study is an attempt to extend the frontiers of knowledge about company finances, with particular empirical reference to Nigeria. It examines the extent to which Nigerian firms use owners’ funds (equity) and borrowed funds (debt). It covers a period of 10 years, from 1974 to 1983. The study samples 87 non-financial companies quoted on the Nigeria Stock Exchange; the sample excuses the financial sector because its financing patterns sharply differ from those of the other secto...
ABSTRACT This study examines the determinants of the real exchange rate in Namibia using annual time series for the period 1980 to 2014. The fundamental determinants of the real exchange rate in Namibia are openness, terms of trade, ratio of government expenditure to GDP and the ratio of investment to GDP. Time series properties were tested for stationarity using the Dickey Fuller-GLS test. The variables were found to be nonstationary but became stationary at their first differences. The stu...
ABSTRACT Theories of residential location are traceable to the earlier works of
ABSTRACT Namibia depends mainly on tax revenue to finance the budget. This study evaluate the revenue productivity of Namibia’s overall tax system on the basis of estimates of tax buoyancy and tax elasticity, using the quarterly time series data for the period 2001 to 2014. Secondary data from ministry of finance was used in this study. Time series properties were tested using Dickey fuller (ADF) to test the existence of unit roots among the variables. The variables were found to be non-sta...
ABSTRACT The primary aim of this study is to analyse empirically the determinants of investments behaviour in Nigerian manufacturing industries based on
Abstract This study examined the causal relationship between Private Sector Credit Extension (PSCE) and Economic growth in Namibia. The study used the quarterly data covering the period from 2000:Q1-2017:Q4. The variables employed were Gross Domestic Product (GDP) growth, Private Sector Credit Extended, Broad Money Supply (M2) and lending rates. The study employed co-integration tests on different sets of variables used to examine long run relationship. Granger causality tests established the...
ABSTRACT The objectives of this paper are to: examine whether there is a long-run relationship between financial development and economic growth in Namibia and hence determine the direction of causality as well as the implications of such results for a financial sector policy- oriented growth in the economy. In order to test for the existence of long run relationship between the variables, the study employs a cointegration and error correction modeling (ECM) technique. The study uses quarterl...
ABSTRACT The study examines the relationship between private consumption expenditure and lending rate in Namibia, with the aim of highlighting the effect of lending rate as an important factor that determine the private consumption expenditure growth. The study is based on annual data covering the period from 1980 to 2011. The Unrestricted Vector Auto – regression Model (VECM) procedure was adopted. Two proxies for real wealth and real disposable income are used in the study. The results sh...