Download Tag: ECONOMIC GROWTH

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND TO THE STUDY The concept of human capital is a relatively recent idea in the realm of economic theory. While economists have long paid close attention to the concept of investments in physical capital in recent years they have placed emphasis on the concept of human capital investments. Largely, this shift occurred as a result of the failure of classical economist’s theory to explain ...

ABSTRACT The aim of the study is to critically investigate the impact of government education expenditure on economic growth in Nigeria. The Real Gross Domestic Product (RGDP) was used as the dependent variable as a proxy for economic growth, the explanatory variables used in this study include; recurrent government expenditure on education (RGEE), Capital Government Expenditure On Education (CGEE), Gross Fixed Capital Formation (GFCF), Total Employment (TEMP) and total employment ...

ABSTRACT The term ‘unemployment’ can be defined as an economic condition marked by the fact that individuals actively seeking for job remain unemployed. Unemployment is very common in under-developed nations like Nigeria and it affects graduates of various institutions of learning. The study was designed to investigate the impact of unemployment on economic growth in Nigeria for the period of 29 years (1982 – 2010). The focus of the research ...

ABSTRACT This research work was conducted to investigate the impact of the oil industry on the economic growth performance of Nigeria. In the process of the research, the ordinary least square (OLS) regression technique was employed. Considering the impact of time on changes in economic variables, the analysis was carried out using the simple regression method in which Gross Domestic Product (GDP), proxy for economic growth was used as the ...

ABSTRACT A country’s labour force consists of everyone of the working age, typically above the age of seventeen and below the retirement age of sixty- five. They are characterized by those who are actively employed or seeking employment. The focus of this study is to determine the impact of female participation in labour force on the economic growth in Nigeria between the periods of 1980- 2010. The research also seeks ...

ABSTRACT The 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 ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE  STUDY Protection  in  form  of tariff  and  free  trade  have  long  been  argued  in  economic  theory  and  economic  history. However , it  is  possible  to  say  that  the  precise  relationship  between trade  barriers  in  form  of  tariff  or  free  trade  in  the  long  run  economic  growth  remains  a  difficult  theoretical  issue  that  is  being  explored  in a variety  of  ways. Simithian  and  ...

ABSTRACT This research work examines econometrically the impact of manufacturing sector on economic growth in Nigeria, from 1981 to 2010. It assesses the effect of manufacturing output (mangdp), investment (inv), government expenditure (govexp) and money supply (m2) on log of real gross domestic product (lrgdp). Appropriate multiple regression model is specified with parameters, which are estimated using the ordinary least square (OLS) technique. Test of hypothesis is carried out and ...

CHAPTER ONE INTRODUCTION 1.1.  BACKGROUND OF STUDY Commercial banks play an important role in economic development of developing countries. Economic development involves investment in various sectors of the economy. The banks collect savings from the people and mobilize savings for investment in industrial project. The investors borrow from banks to finance the projects. Special funds are provided to the investors for the  completion of projects. The bank provide a guarantee for industrial ...

ABSTRACT The study examined the impact of money supply on economic growth in Nigeria. In the model specified, real gross domestic product (real GDP) is the regress while real exchange rate, broad money supply and real interest rate are the regressors. Data was collected from CBN statistical bulletin for the period 1970-2007. The statistical technique used for the analysis is the ordinary least square, with the aid of P.C. give ...

Abstract This study assessed the impact of the liberalization of the Nigerian financial system on the structural changes witnessed in the system as a result of liberalization as well as the impact of the resulting structural change on economic growth using a three stage least in a system of three endogenous variables. System of equations was used to capture the transmission mechanism of financial liberalization as contained in the McKinnon ...

ABSTRACT This study examines the impact of Capital Market performance on economic growth of Nigeria for the period 1983 – 2010. Economic growth was proxied by gross domestic product while capital market performance was measured by market capitalization, total new issues, volume of transaction and listed equities. Data was collected using secondary source of data only. The technique employed was multiple regression as tool of analysis for the study. The ...

ABSTRACT The Nigerian financial system experienced series of reforms and amidst these reforms an important component of the sector, the capital market has demonstrated an impressive performance evidenced from its growth especially in the last decade. Coupled with this development, the Nigerian economy has also experienced growth which did not significantly translate into positive improvements in employment, and poverty reduction. This study examined the relationship between capital market development and ...

Abstract This thesis investigates the effects of unemployment and inflation on economic growth in Nigeria between 1986-2012 through the application of Ordinary Least Square (OLS) technique in estimating the effects of unemployment and inflation on growth, Augmented Dickey-Fuller test and Phillip‟s-Perron test statistics were employed to test the presence of unit root in the series, after which Johansen cointegration test was employed to test the existence of long-run relationship between ...

ABSTRACT This study empirically examine the impact of inflation on private consumption expenditure and economic growth in Nigeria using an annual time series data spanning from 1981-2012. In this study, modern time series econometric methodology such as Unit Root Testing, Johansson Co-integration test, Vector error co-integration granger causality test(VEC) and Vector Error Correction Model (VECM) where employed to model both the long run and short run relationships between inflation, economic ...

ABSTRACT The study investigated the impact of financial sector reform on money demand and the rate of economic growth in Nigeria. The residual based autoregressive distributed lag-error correction model (ARDL-ECM) was used to analyse the study with a time series data sourced from the central bank of Nigeria statistical bulletins and World Bank Development Indicators records covering a period of 1970-2013. A dummy variable was created to represent the financial ...

ABSTRACT This study, the role of small and medium sized enterprises for economic growth, was undertaken to find out how SME sub-sector in Nigeria has performed and its impact on the economic growth of the country. Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of countries in Asia and North ...

Abstract This study is a reevaluation of the effect of human capital accumulation on economic growth using natural disasters as an instrument. The total population for the study is 200 staff of ministry of economic development, Abuja. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made economic advisers, economic analysts, senior staff and ...

CHAPTER ONE INTRODUCTION 1.1     Background of Study The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth and development because of its ability to facilitate and mobilize saving and investment. To a great extent, the positive relationship between capital accumulation and real economic growth has long been affirmed in economic theories (Anyanwu, 1996). Success in capital accumulation and mobilization for development varies ...

1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY It would be observed that, despite the presumed developments in the Nigerian economy, the country is still largely being regarded as a developing country (Onyema, 2006). More so, its industrial growth is not quite impressive. Before the emergence of formal microfinance institutions, informal microfinance activities flourished all over the country. Traditionally, microfinance in Nigeria entails traditional informal practices such as local money lending, ...