ABSTRACT No doubt, no matter the development and height any person can scale, food will always remain relevant. The last thing that will get off anybody’s budget is food. It is a life-long essential and it will remain relevant as long as life remains. The paper exposes how important food security is and how food security can bring about sustainable economy growth. The paper recommends that public policy makers must as a matter of urgency see food security as a vital means to sustainable ec...
ABSTRACTThe study examines the causal relationship between financial development and economic growth in Nigeria for the period 1960 to 2008 using dynamic time series model. Granger causality is tested within multivariate co integration and vector error correction model (VECM) framework. Four different measures of financial development are used to capture the different channels through which finance can affect growth. The empirical findings provide evidence that there is a stable positive long...
ABSTRACTThe essence of this work has been to determine the effect of non-oil export on economic growth in Nigeria, during the period of 1986-2010. In carrying out this study, secondary data were collected and empirical analysis was made. To achieve these objectives, multiple regressions were used in analyzing the data. The empirical results reveal that non-oil export is statistically significant to Nigeria economic growth. On the other hand, oil export also has been significant to Nigeria Eco...
Public and private investment in agricultural research and development (R&D) createspreconditions for the implementation of more advanced and better technologies. It enables theintroduction of new production processes and products which can result in higher earnings andpotential sectoral economic growth in Agriculture. Despite the fact that accelerated agriculturalresearch and development is a catalyst for the beginning of the long-run economic activity, itsimportance is not widely investigat...
ABSTRACT The main purpose of this study was to establish the influence of public expenditure on economic growth in Uganda from 1995-2014. It was driven by three major objectives; To determine the trend of public expenditure from 1995 -2014; To determine the trend of economic growth from 1995-2014; To establish if there is significant relationship between public expenditure and economic growth from 1995-2014. Using time series data from the world bank and Uganda bureau of statistics, both co...
ABSTRACT The main purpose of this study was to establish the influence of public expenditure on economic growth in Uganda from 1995-2014. It was driven by three maj or objectives; To determine the trend of public expenditure from 1995 -2014; To determine the trend of economic growth from 1995-2014; To establish if there is significant relationship between public expenditure and economic growth from 1995-2014. Using time series data from the world bank and Uganda bureau of statistics, both cor...
This study examined the Impact of Exchange Rate Volatility on Nigeria Economic Growth over the period of 29 years (1987-2015). Secondary data source was explored in presenting the facts in which all Nigeria’s economic outputs were considered. The secondary data are obtained from CBN annual reports. The model for the study has its dependent variables to be the Real Gross Domestic Product (RGDP), Export and Import and its independent Variable was Exchange Rate, using Regression Model Analysis...
ABSTRACT Unemployment is a phenomenon that occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequently measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in under developed nations like...
ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study shows further, the aims and objectives of monetary policy which includes price stability, maintenance of balance of payment equilibrium, promotion of...
ABSTRACT Developing countries have invested heavily in pursing policies and strategies to attract foreign direct investments to augment the existing capital stock. These efforts have seen a substantial increase in the flow of foreign direct investments to developing countries. For the last two decades foreign direct investments inflows in Kenya have risen substantially but the effect of the rising inflows on economic growth has not been felt. The growth in foreign direct investments inflows ...
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...
.Theoretical issues It is generally agreed that economic development implies sustained increases in income per capita coupled with positive structural changes (political, cultural and social etc) within an economy over a long period of time. It follows that economic growth may not result in economic development. For development to occur, there must be visible positive changes to income ...
ABSTRACT This study examined the impact of the financial system with respect to banks and stock market on economic growth in Nigeria between 1991 and 2010. The debate among scholars on the comparative importance of banks and markets in promoting economic growth generated a lot of controversy. Some scholars argue that banks identify good projects, mobilize resources, monitor managers, and manage risk and so are better at promoting economic growth than the market. This gave rise to the bank-bas...
Fiscal transfer development across the world today has been in part driven by assertions of a supposed ‘economic dividend’ linked with the devolved financial spending. There is, however, little empirical evidence to validate these assertions in Kenya. It is against this background that this study was carried out to estimate the end product of fiscal transfer on regional economic growth in Kenya using a secondary panel data set. Using the ARDL estimation technique the long-run and error co...
ABSTRACT This study assesses the impact of agricultural policies and development on economic growth in Nigeria. The data used in this study was collected from secondary data which covers about 33 years. Unit root, ordinary least square and co-integration estimating technique of data analysis was used in evaluating the secondary data. GDP was used as a proxy to economic growth, while interest r...