ABSTRACT This study on the Impact of External Debt on Growth and Development of the Nigerian Economy from 1980-2001. The study is therefore necessitated by the need to find solution to the increasing external debt stock and service payments, which have become a constraining factor to economic growth. To find out how Nigeria has effectively managed her external debt and to identify the factors responsible for the inability of the Nigerian economy to expand irrespective of the increasing exter...
Abstract: The existing historical economic and political accounts of Africa and Europe fails to fully explain the divergence of commerce, state power, and development between the two regions. The patterns of differences in these two regions have far more significant underlying factors. They go beyond historical experiences of Africa's of slavery and slave trade, colonialism and imperialism. The over-emphasis on unique history as the primary cause of the gap in state power and development vei...
Abstract Decomposing economic time series into their temporary and permanent components have followed two broad paths: trend versus difference stationary models and detrending versus filtering. Whereas the former breaks down due to their inability to capture the underlying data generation process (dgp), the latter are either one sided filters or are based on ad hoc procedures in achieving parsimony. In this paper, we propose structural time series models in which trends, cycles, seasonal comp...
Abstract: Pest management in major cropping systems has long been dominated by chemical pesticides in Africa. Smallholder farmers have perceived pesticides as insurance to protect their crops. Consumers are less aware of pesticide-related food-safety issues, and markets providing economic incentives to producers who adopt alternatives to pesticides have been slow to emerge. Hence, overuse of pesticides has been constantly increasing. Although African countries have a number of pesticide-rela...
INTRODUCTION 1.1 Background to the Study The foreign exchange market intervention phenomenon is obviously not a recent development, quite a number of governments across the globe have intervened in foreign exchange markets. The essence has mostly been to try to dampen volatility and to slow or reverse currency movements. This is usually borne out of concern that excessive short-term volatility and longer-term swings in exchange rates that "overshoot" values justified by fundamental condit...
Abstract: The most common actor in the practice of diplomacy is practiced by states, but the rate at which new players are getting involved in the process grows on a daily basis. An actor being widely considered in academic circles is the city due to the nature of globalization and the sheer fact that cities carry a lot of economic and political might. This study has explored the concept of city diplomacy in a formal arrangement as offered by the International Urban Cooperation. This is a fr...
ABSTRACT This study inspected the connection between educational expenditure and financial economic growth in Nigeria utilizing time series and secondary data from 1981 to 2018, sourced from the Central Bank of Nigeria (CBN), and the World Bank. Significant measurable apparatuses were utilized in investigating the connections between these factors. Stationarity attributes of the factors were tested utilizing the Augmented Dickey Fuller (ADF) procedure on Eviews. The relationships between educ...
This paper investigates if there is a significant long – run relationship between cocoa exports and economic growth in Nigeria. The study covers the periods between 1981 to 2014. The underlying models are the export led growth, hypothesis, neo – classical growth model, presbich trade model and Keynesian model. In the formulated model, real gross domestic product was used as a proxy for economic growth. The explanatory variables used were cocoa export earnings, exchange rate and government...
ABSTRACT The study investigates the effect of public debt on economic growth in Kenya, between 1980-2013.The choices of period was guided by data availability and escalation of Kenya’s public debt. The main problem is that, Kenya government has been relying heavily on public debt, aid and grants as a source of finance. This has resulted to a buildup of the level of public debt stock which has led to funds being diverted to debt servicing at the expense of economic development and domestic c...
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The small scale businesses have a very important and effective role in developed countries generally and in developing countries especially because it is considered the backbone of their economies. Rajan (2013) states that the definition of small scale businesses may vary from county – to – country, year – to – year, from period to period and from time to time according to the level of economic development reached in ...
TABLE OF CONTENTSDECLARATIONAPPROVAL iiDEDICATION iiACKNOWLEDGEMENTS ivTABLE OF CONTENTS vABSTRACT ViiiC~A~TE~ ~ ~no~uon~unuou,u,unonnuouNuo~ueu,mun,a ~ 1INTRODU~~ION ~ ~o~an~utnuuunuuuu,uuuqcnnuuuu~,n,o,u 11.0 Introduction 1.1 Background to the study 1.1.1 Current Macroeconomic environment in Uganda 1.2 Statement of the problem 1.3.1 General Objective 1.3.2 Specific Objectives 1.4 Research Hypotheses 1.5 Scope of the study 1.6 Significance of the study 1.7 Operational definitions of key term...
This study examined the effect of Monetary Policy on the economic growth of Nigeria from 1990-2011, using Interest rate, Cash reserve ratio, Liquidity ratio, Exchange rate and Monetary policy rate as proxy for Monetary policy and RGDP as proxy for Economic growth. The study used the secondary data from CBN Statistical Bulletin. Ordinary Least Square with SoftwarePackage for Social Science (SPSS) was used as data analyses method. It was revealed from the findings of the study that interest rat...
Abstract: Invasive species are generally problematic where they occur, especially in terms of ecology, economy and disease. Members of the genus Rattus Fischer, 1803 particularly, are known as one of the most destructive invasive species to date since they cause widespread damage on terrestrial and island ecosystems. Two Rattus species have historically been reported as invasive species in South Africa, Rattus rattus Linnaeus, 1758, which has a widespread distribution throughout the country ...
ABSTRACT Finances is crucial to any investment decision, this study however is aimed at finding out the effects of commercial banks credit to small scale industries or economic growth in Nigeria. The purpose of this is to ascertain the nature and present scope of this effect in Nigeria economic growth. This study is divided into five chapters highlight the performance of small scale industries financed by commercial banks credit and other financial institutions, and the problems financing the...
This study examined the effect of government expenditure on economic growth and development inNigeria for the period of 1990–2012. Time series data for twenty-two years were sourced from secondary data such as the CBN statistical bulletin and other relevant publications using the desk survey method. Ordinary Least Square (OLS) multiple regression technique was used to estimate theeffect of government expenditure on economic growth and development in Nigeria. Gross DomesticProduct, proxy for...