Download Category: ECONOMICS PROJECT TOPICS


AN EMPIRICAL ANALYSIS OF THE DEMAND FOR MONEY IN NIGERIA

ABSTRACT This study examines the long-run demand for real broad money function and its stability in Nigeria for the period from 1970 to 2012 inclusive. The study employs the Augmented- Dickey Fuller and Phillips-Perron tests for unit root, the Gregory-Hansen (1996a, b) cointegration test to capture endogeneous structural breaks in the cointegrating vectors of Nigerian long-run money demand function, cumulative sum of recursive residuals (CUSUM) and cumulative sum of recursive ...

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A COMPARATIVE ANALYSIS OF THE IMPACT OF FLUCTUATING OIL PRICES ON NIGERIA’S AGRICULTURAL AND INDUSTRIAL SECTORS

ABSTRACT This study was the brain child of the earnest desire to unravel the impact of the incessant fluctuating oil prices on two crucial sectors of the Nigerian economy; the agricultural sector and the industrial sector which used manufacturing sector as proxy. The analysis employed the unrestricted Vector Autoregressive methodology as its empirical technique, with a quarterly time series data spanning from 1987 quarter one through 2014 quarter four which ...

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ANALYSIS OF STOCK PRICES AND EXCHANGE RATE INTERACTIONS IN NIGERIA

ABSTARCT The need to capture stock market and foreign exchange market nexus in Nigeria is underscored by the rapidly expanding financial markets integration due to trade and financial liberalization policies which seem to have enhanced the inflow of capital as well as accelerated investment/business interactions. Theoretically, the relationship between stock prices and exchange rate can be either positive or negative and can also run either way. This study therefore captures ...

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AN EMPIRICAL STUDY OF THE FOREIGN EXCHANGE RATE PREMIUM IN NIGERIA (1970-2007).

Abstract This work evaluates the trends in the parallel  market exchange  rate premium,  its determination and impact on the foreign exchange market in Nigeria. It examines the impact of existing demand and supply gaps in the overall foreign exchange market on the determination of the parallel market premium. It further examines the impact of the  parallel  market  exchange  rate  premium  on  the  determination  of  the  official exchange rate and the ...

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PRIVATE SECTOR ACCESS TO CREDIT AND MANUFACTURING OUTPUT IN NIGERIA

ABSTRACT Nigerian economy has been skewed towards a mono-economy with much reliance on the oil sector. However, with the fall in global oil price, there is now a shift of interest to a more promising sector capable of liberating the economy. This study is centered on private sector access to credit and manufacturing output in Nigeria. The study utilized quarterly time series data from 1981 to 2015. The key objectives ...

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IMPACT OF THE CENTRAL BANK OF NIGERIA CASHLESS POLICY ON THE DEVELOPMENT OF NIGERIAN BANKING SECTOR

ABSTRACT The major reasons for the introduction of cashless policy are to drive development and modernization of our payment system in line and to reduce the cost of banking services (including cost of credit) and drive financial inclusion by providing efficient transaction options and financial inclusion and to improve the effectiveness of monetary policy in managing inflation and driving economic growth. The analysis of banking innovations and the response of ...

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FOREIGN CAPITAL INFLOWS, FINANCIAL DEVELOPMENT, AND ECONOMIC GROWTH IN SELECTED ECOWAS COUNTRIES

ABSTRACT This research work investigated the empirical relationship and impact of foreign capital inflows, financial development on economic growth in 14 ECOWAS countries (excluding Guinea). It tried to look at the impact of foreign capital inflows and financial development on economic growth. The study made use of quarterly data series from 2000 to 2017 for the variables. The work utilized  the panel  fixed-effect  regression  and  the panel  Vector  Auto  regression  ...

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THE IMPACT OF POVERTY ON LIFE EXPECTANCY RATE IN NIGERIA

ABSTRACT This study empirically examined the impact of poverty on life expectancy rate in Nigeria using annual data spanning from 1981 to 2016. The study applied the double log equation model based on Ordinary Least Square technique and the VAR impulse response function to achieve the study’s objectives. The double log equation model results revealed that poverty has significant negative impact on life expectancy in Nigeria and a percentage increase ...

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THE IMPACT OF EXCHANGE RATE VOLATILITY ON SELECTED MACROECONOMIC VARIABLES IN NIGERIA

ABSTRACT Fluctuation in exchange rate has been a recognized catalyst that brings about change in other macroeconomic indicators. This phenomenon was underscored by series of mechanisms through which economic activities of a given country reflect on its exchange rate to other international currencies. In order to assess the empirical influence of rising fluctuation in exchange rate, this study  focused  on  the impact  of  exchange  rate volatility  (EXV)  on  selected  macroeconomic ...

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MATERNAL EDUCATION, CHILDHOOD MORBIDITY AND UNDER FIVE MORTALITIES IN NIGERIA

ABSTRACT This study examines the effect of maternal education on childhood morbidity and under-five mortalities  in  Nigeria using the  Nigeria  Demographic  and  Health  Survey (NDHS),  2013. Empirically, the study employs instrumental variable probit regression (Ivprobit) model to investigate the relationship between maternal education and child health outcomes while the multinomial logit model was estimated to test the disaggregated effect of maternal education on the varying rate of under-five mortality across ...

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THE IMPACT OF HUMAN CAPITAL ON LABOUR PRODUCTIVITY IN MANUFACTURING INDUSTRIES IN ENUGU AND ANAMBRA STATES, NIGERIA.

ABSTRACT This  work  discusses  the  effect  of  human  capital  on  labour  productivity  in manufacturing industries in Enugu and Anambra States.   The study applied the ordinary least squares and the principal component Analysis in the estimation.  The evaluation results show that human capital has a positive effect on the sectoral labour productivity level of the industry.  Training, Education, Medicare and Research are strongly correlated with productivity.   By all econometric standards the ...

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HUMAN CAPITAL INVESTMENT AND POVERTY REDUCTION NEXUS IN NIGERIA

ABSTRACT This study examines the nexus between human capital investment and poverty reduction in Nigeria. Specifically the study investigated the profile of poverty in Nigeria in the wake of human capital investment drive since 2005, the impacts of education and health expenditures on poverty level using probit regression model. The major findings  of the study revealed, among other things, that poverty incidence by gender is higher for male-headed households than ...

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THE IMPACT OF OIL PRICE SHOCK AND EXCHANGE RATE VOLATILITY ON ECONOMIC GROWTH: A COMPARATIVE ANALYSIS OF NIGERIA AND KENYA

ABSTRACT In this paper,  an empirical analysis is used to compare the effects of oil price  shock  and  exchange  rate  volatility  on  the  economic  growth  of Nigeria  and  Kenya.   Firstly,   a  LA- VAR  model  is  applied  to  investigate whether the oil price  shock and exchange rate volatility have the Granger Causality  to economic  growth  of both Nigeria  and Kenya.  Secondly,  we apply  a  VAR  model  with  co-integration  technique  to examine ...

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THE EFFECT OF HEALTH STATUS ON LABOUR FORCE PARTICIPATION IN NIGERIA

ABSTRACT Health status in recent times has been a major concern for developing and under-developed economies. This results from the fact that a healthy population increases labour force participation, productivity and output levels. Poor health has negative effect on participation rate and output. This study examined the effect of health status on labour force participation, across gender and age groups, in Nigeria. An estimation technique to be used is the ...

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ASSESSMENT OF NIGERIA’S MILLENNIUM DEVELOPMENT GOALS AND IMPLICATIONS FOR SUSTAINABLE DEVELOPMENT

ABSTRACT The study was motivated by the continuous rise in the poverty level in Nigeria amidst the country’s  vast  human  and  material  resources  that  can  guarantee  sustainable  economic growth  and  development  and  also  the  pervasive  gender  inequality  that  persists  among households.  It is on this premise  that this study assessed  Millennium  Development  Goal (MDG)  with  special focus on goal one and goal three, and  implications  for Sustainable Development .The study ...

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AN EMPIRICAL ANALYSIS OF THE SACRIFICE RATIO IN NIGERIA

ABSTRACT The study empirically analyzed the sacrifice ratio in Nigeria for the period 1970-2013, using the  Instrumental  Variables  Generalized  Method  of  Moments  (IV-GMM)  technique.  The results revealed that inflation inertia has a significant negative impact on the actual rate of inflation in Nigeria. It was also revealed that the percentage of a year’s real GDP that must be forgone to reduce inflation by 1 percentage point in Nigeria is 5.1. ...

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FOREIGN DIRECT INVESTMENT AND THE MANUFACTURING SECTOR IN NIGERIA

ABSTRACT The importance of the manufacturing sector in the economic growth cannot be overemphasized. This has led to interests in the determinants of its performance over the years. This study therefore, investigated the impact of foreign direct investment (FDI) on the performance of the manufacturing sector in  Nigeria as  well  as  the  causal relationship between foreign direct investment and manufacturing capacity utilisation (MCU) from 1970-2012 under the framework of VAR. ...

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ACCESS TO CREDIT AND PERFORMANCE OF SMALL SCALE FARMERS IN NIGERIA

ABSTRACT In spite of the attempts made by some studies to explore access to credit and its effect on output of small scale farmers in Nigeria,  most of these studies did not apply the  widely accepted impact assessment methodologies and therefore, may be subject to serious problems due  to  sample  selection  bias.  This  problem  inspired  this  study  which  seeks  to  find  the demographic   and  socio-economic   features   of  small  scale   farmers ...

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THE PERFORMANCE OF THE OIL SECTOR ON ECONOMIC GROWTH IN NIGERIA

Abstract Indeed, the oil industry plays a significant role in the recipient countries' economic development. Therefore, for strategic reasons, the majority of oil-rich countries spend their oil sector profits in non-oil businesses. However, the realism of achieving this goal in the context of the Nigerian economy has become murky during the previous 50 years. The way that such oil wealth has been used in Nigeria so far has been highly ...

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EVALUATION OF THE ROLE OF SOCIAL AND ECONOMIC INFRASTRUCTURE IN THE PROMOTION OF BUSINESS ACTIVITIES IN NIGERIA

Abstract This study was on evaluation of the Role of Social and Economic Infrastructure in the Promotion of Business Activities in Nigeria. Selected Smes in Abuja. Three objectives were raised which included:  To identify infrastructure challenges that affect business activities in FCT Abuja, to evaluate the specific roles played by both economic and social infrastructures in promoting business activities in FCT Abuja, to suggest entrepreneurial policies that will enhance the ...

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