The results show that Nigerian growth rate is unstable with non-linearities and long-range dependence structures. We also investigate what might explain these features and conclude that erratic political institutions, associated with poor economic management and insecurity in Nigeria, among others, in ...
The rate of unemployment has risen in the last decade in most of the sub-Saharan African countries. The situation in Nigeria is rapid population growth with low level of employment rate. The theoretical proposition of the Okun's law is that a negative relationship exists between unemployment rate...
Adofu, I. (2010), Accelerating Economic Growth in Nigeria, The Role of Foreign Direct 320 Investment, Current Research Journal of Economic Theory 2(1), ISSN: 2042-485X, (c) 321 Maxwell Scientific Organization, Department of Economics, Kogi State University, 322 Anyigba, Nigeria....
The current financial reforms should be directed at achieving a more liberal deposit rate of interest.doi:10.5539/ass.v8n3p292Elijah UdohUchechi R. OgbuaguAsian Social ScienceElijah Udoh.2012.Interest Rate Liberalization,Financial Development and Economic Growth in Nigeria(1970-2008)[J].Asian Social ...
This paper is a causality and impact study on financial deepening and economic growth in Nigeria for a-33-year period covering 1981 – 2013. The study used the Phillips-Peron test for unit root to ascertain whether the variables are stationary or not. The VEC residual normality test and the...
This study focuses on the direction of causality between savings and economic growth in Nigeria during the period 1980-2010. The study was motivated by the low and declining savings rate currently prevailing in Nigeria on the one hand and the dwindling level of economic growth experienced in the...
Last week, the international price of Nigeria’s main revenue earner, oil, showed signs of stability inching up to USD62 while the stock market showed a significant recovery from persistent bull run. China and Philipines occupied numbers one and two respectively in the global growth rate forecast...
Security funding and also reduction in unemployment ratehas to treated as matter of urgency in Nigeria i.e. increase in security fundingwill lead to increase in economic growth. The study therefore recommends. Governmentshould as a matter of priority implement the policy of EFCC in order to ...
ENERGY CONSUMPTION AND ECONOMIC GROWTH DYNAMICS IN NIGERIA (1981-2018) manifestation of the spill-over effect of globalization, which fuels the rate of civil development, urbanization, and industrialization in most developing ... MA Dado - 《Journal of Energy & Development》 被引量: 0发表: 2019...
Human capital investment has been seen as impetus to sustainable economic growth and this has necessitated the increase in government spending by major economies including Nigeria in order to achieve a steady long-run growth path and meet up with the Millenium development goal target. On this basis...