JOURNAL OF ECONOMICS AND ALLIED RESEARCH
Not a member yet
565 research outputs found
Sort by
LOCATION AND GENDER ANALYSIS OF CLIMATE CHANGE VULNERABILITY AND IMPLICATION FOR POVERTY REDUCTION IN TARABA STATE, NIGERIA
Get PDFThe study examined location and gender dimension of climate change and its implication for poverty reduction in Taraba State, Nigeria. The study used a multi-stage sampling technique, and interviewed 492 respondents from 12 communities in 6 local government areas. Adopting the Inter-Governmental Panel on Climate Change (2007) and Deressea, Hassan, and Ringer (2008) Vulnerability Index, the study found that Taraba North is the least vulnerable among the three senatorial zones followed by Taraba South while Taraba Central senatorial zone is the most vulnerable. Similarly, the result suggested that male farmers were more vulnerable than their female counterparts. On the basis of the results, the study recommended the need to improve the adaptive capacity of farmers in Taraba State through the strengthening of those variables that improve adaptive capacity such as training/seminar as well the government providing facilities for farmers to enable them engage in dry season farming
MONETARY POLICY IMPACT ON PRIVATE SECTOR PERFORMANCE IN NIGERIA
Get PDFThis paper investigates the monetary policy impact on private sector performance in Nigeria. The study applies Autoregressive Distributive Lag (ARDL) method. The ARDL Bounds test shows that a long-run relationship exists among the variables. The ADF and PP Unit Root tests on the variables show that all the variables are I(1) process, with exception of real exchange rate which is I(0) process. The study uses annual time-series data from 1981-2021 on four variables – credit to private sector as a percentage of economic growth, broad money supply, real interest rate and real exchange rage. The result shows that the broad money supply has a significant positive impact on the private sector performance both in the short run and long run. The real interest rate and real exchange rate have a significant negative impact on private sector performance both in the short run and long run. The study recommends that the government should maintain the expansionary monetary policy that allows for the injection of optimal money supply into the system. The interest rate should be reduced to allow for the flow of more financial resources from the financial sector to the private sector, thereby promoting the private sector performance. The government should halt its continued devaluation policy and embrace more diversification commitments to bridge the forex scarcity, thereby improving the value of the Naira against the value of other currencies. Finally, the study concludes that monetary policy impact improves the private sector performance since money supply is the core determinant of monetary policy
N-POWER PROGRAMMES AND POVERTY REDUCTION IN NIGERIA: ENUGU STATE EXPERIENCE
Get PDFThe National Bureau of Statistics 2016 reported that about 67 percent of Nigerian population was living below the international poverty line on less than US$1.90 a day. This ugly development necessitated the Federal Government of Nigeria, in the year 2016, to come up with several social intervention policies and programmes. Prominent among these programmes are the N-power programmes, the Conditional Cash Transfer, Government Enterprise and Empowerment Programme and Home Grown School Feeding Programme. The objective of this study is to assess the implementation of N-Power programmes in Enugu State from 2016 to 2020. The study adopted survey research design. The study was anchored on the Elite theory. Findings include that N-Power programmes were poorly implemented in Enugu State. Furthermore, that N-Power programmes have no significant impact on the reduction of poverty among the youths in Enugu State. The study recommended among others that federal government should review the structure and strategies of N-power programmes in Nigeria, to make it more implementable and inclusive
FINANCIAL SECTOR DEVELOPMENT AND ECONOMIC GROWTH IN NIGERIA
Get PDFThe study examined the impact of financial sector development on economic growth using selected banking sector variables such as broad money supply, total bank credits, total bank liabilities and private sector credits in Nigeria from 1981 to 2021. The supporting theoretical argument behind the study is that development of the financial sector will positively impact economic growth. Relevant econometric techniques such as unit root, OLS regression, autoregressive distributed lag, Johansen co-integration and the error correction tests were applied at significance level of 0.05. The results showed that the independent variables except private sector credit, had positive and significant relationship with real gross domestic product on the short-run and all the variables had significant impact on growth of the economy in the long-run with a speed of adjustment of 77.75%. In conclusion, the study agrees on the existence of a significant relationship between selected banking sector variables on economic growth and recommends that the monetary authorities should put measures and policies in place to consolidate on previous banking reforms, which will make the sector stronger, stable, virile and globally competitive in line with upward revision of the capital base and shareholders fund
TWIN DEFICIT OR REVERSE CAUSALITY? AN EMPIRICAL VERIFICATION FOR NIGERIA
Get PDFIn light of the persistent and coinciding internal and external imbalances across economies, there remains an argument that worsening trade deficit is the result of higher fiscal imbalance. However, no concrete consensus either theoretically or empirically exists, particularly, in the context of Nigeria. Therefore, the twin deficit hypothesis (TDH) phenomenon becomes more of an empirical question. Also, in the light of recent budgetary expansions and the growing deficits as well as the recent economic downturns, this paper revisits the TDH in Nigeria. To this end, the study used the Toda-Yamamoto (T-Y) procedure to test the validity of the TDH in the country spanning 1986 to 2021. Empirical findings revealed that fiscal deficits cause current account deficit in Nigeria, reinforcing the validity of TDH. Consequently, the study suggests enacting budget cuts to sustainable levels, together with a strong focus on export promotion, driven by gains in domestic production, to solve the issue that may arise as a result of this causal relationship
ANALYSIS OF SOCIO-POLITICAL AND ECONOMIC CONSEQUENCES OF COMMUNITY-BASED INTELLIGENCE GATHERING AND KIDNAPPING ACTIVITIES IN BENUE STATE
Get PDFCommunity-based intelligence gathering is essential to internal security and the anticipation of criminal threats. However, in Nigeria, including Benue State, the process is seriously hampered. This includes citizens' unwillingness to provide helpful intelligence information to security agencies, with a sudden increase in kidnapping operations posing socio-political instability as well as economic development. This study critically examines the connection between community-based intelligence gathering and the increasing rates of kidnapping in Benue State and the broader socio-political and economic consequences. A documentary research method was applied whereby data were gathered from secondary sources, and content analysis was employed in analyzing the data. The Mosaic theory of intelligence was utilized as the conceptual framework, which offered insight into fractured structures of intelligence operations and their effects on state security. The proof indicates that poor coordination of intelligence, public distrust, and lack of institutional incentives for information sharing have eroded local intelligence systems. This has created an enabling environment for kidnapping gangs to operate, thereby distorting trade, displacing individuals, and weakening governance. The study recommends the improvement of law enforcement in terms of training, improved equipment, and coordinated operations. The study also recommends investment in infrastructure and the local economies as a response to the root causes of insecurity. Most importantly, long-term financing and reform of intelligence operations to provide timely and reliable information flows that are conducive to efficient crime prevention and community safety are crucial
ESTIMATING THE GROWTH EFFECTS OF POPULATION, POVERTY AND UNEMPLOYMENT IN NIGERIA
Get PDFThis research study investigates the growth effects of population, poverty and unemployment in Nigeria from 1980 to 2018.It adopts the fully modified ordinary least square method (FMOLS) to estimate the long run coefficients of population, poverty and unemployment of economic growth. The empirical results show that that population growth rate has a positive but insignificant impact on economic growth in Nigeria. This implies the attribute of inept characteristics of the population that comprises majorly of unskilled and semi-skilled labour and in turn failed to contribute efficiently to productive capacity of the economy. Also, poverty rate has a positive and significant impact on per capita income. Further, unemployment has a significant negative impact on economic growth. The economic implication is that the level of economic growth worsened because those that are qualified and able to work cannot secure a job and contribute significantly to production processes. As regards causality test result, the study found that there is no feedback causality between population growth, poverty, unemployment and economic growth in Nigeria. There is need for government to beef-up the skill acquisitions programmes, vocational trainings and entrepreneurship development in order to ensure that the growing population is equipped with relevant skills that contribute significantly to economic activities
CLIMATE CHANGE MITIGATION AND GENDER INEQUALITY NEXUS: EVIDENCE FROM SUB-SAHARA AFRICA
Get PDFWhile efforts and policy have been pursued towards adapting to and mitigating against climate change towards achieving sustainable development, the role of gender has not been given the required attention. This study is aimed at determining the impact of closing the gender gap on the mitigation of climate change. The panel least square estimated method was employed spanning from 2008 to 2020 and on some countries in Sub-Saharan African. Agriculture nitrous oxide emission as a % of total emission (AN2O) and CO2 emissions from gaseous fuel consumption as a % of total (CO2FE) were used to capture climate change. Various measures of gender gap showed a substantial impact on climate change. While female tertiary enrolment, female to male labour participation ratio, and government national expenditure % of GDP were negatively related with agriculture nitrous oxide emission as a % of total emission and agricultural sex employment ratio had a positive relationship with climate change. The study thus, advocates among others the increase of females in the engagement of non-agricultural activities as well as an increase in female tertiary education to mitigate climate chang