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Capital Account Liberalization In Nigeria: Problems And Prospects, Ayodele F. Odusola
Capital Account Liberalization In Nigeria: Problems And Prospects, Ayodele F. Odusola
Economic and Financial Review
Capital Account is one of the lynchpins of globalization and it is often seen as an inevitable path to economic development for developing countries. This is based on the premise that liberalizing capital account would permit financial resources to flow from capital abundant countries to capital scarce countries. This paper examines the problems, prospects and challenges of foreign private capital flows in Nigeria.
Economic Growth And Human Capital Development: The Case Study Of Nigeria, Moses F. Otu, Adeniyi O. Adenuga
Economic Growth And Human Capital Development: The Case Study Of Nigeria, Moses F. Otu, Adeniyi O. Adenuga
Economic and Financial Review
The paper examines empirically the relationship between economic growth and human capital development using Nigeria data. Microeconomics variables such as Growth of real gross domestic products (RGDPG), capital expenditure (CE) on education. recurrent expenditure on education (RE), real gross capital formation (RGCF) was used to proxy physical formation, enrolment into primary (PRYE), post-primary (PPE) and tertiary (TERE) educational institutional were used to proxy human capital development. It found that investment in human capital, through the availability of infrastructure requirements in the education sector accelerates economics growth.
Towards Developing A Vibrant Bonds Market In Nigeria: A Review, Salam N. Gbadebo
Towards Developing A Vibrant Bonds Market In Nigeria: A Review, Salam N. Gbadebo
Economic and Financial Review
The paper highlights two major challenges in bond market which reflects in Nigeria. The author suggests methods and proposal that will enhance a better performance derivatives in long time. The article seek to established the narrative on two argument that, bond finance is less expansionary than money finance and that the expansion is sometime undesirable. While the Microeconomics argument posited that bonds are issued for different reasons. the findings revealed that corporate borrowers use debt market to obtain working capital and new equipment.
Cointegration, Causality And Wagner's Law: A Test For Nigeria 1970-2003, Omo Aregbeyen
Cointegration, Causality And Wagner's Law: A Test For Nigeria 1970-2003, Omo Aregbeyen
Economic and Financial Review
This paper examines the validity of Wagner's Law (the tendency for public expenditure to grow relative to national income) against the contending Keynesian proposition (that it is the changes in public expenditure that trigger those of national income) using Nigeria's data over the period 1970-3003. Two variants of the models for investigating Wagner's Law were tested.
Foreign Direct Investment And Technology Transfer To Nigerian Manufacturing Firms: Evidence From Empirical Data., Nasiru Musa Yauri
Foreign Direct Investment And Technology Transfer To Nigerian Manufacturing Firms: Evidence From Empirical Data., Nasiru Musa Yauri
Economic and Financial Review
The paper investigates the vertical effects of FDI on Nigeria manufacturing firms. Specifically, the paper asks, do Nigerian manufacturing firms benefits from FDI? As an investigation into the vertical effects of FDI , the paper attempts to establish whether manufacturing firms in Nigeria that receives FDI benefit from technology flows which comes along with foreign capital. The paper employs data from the World Bank Nigerian manufacturing survey, 2001.
External Debt, Investment And Economic Growth: Evidence From Nigeria, Aloysius Ajab Amin, Isa Audu
External Debt, Investment And Economic Growth: Evidence From Nigeria, Aloysius Ajab Amin, Isa Audu
Economic and Financial Review
This paper studies the impact of external indebtedness on Nigeria's economic performance. We find supportive evidence for the crowding out and debt overhang hypotheses in Nigeria. Based on these results, the paper concludes that the prospects of resolving the debt crisis in Nigeria will depend on deeper debt relief, diversification of export base and substantial direct foreign investment. Debt relief will enable the country to use the lean foreign exchange earnings to procure the badly needed inputs for the industrial sector and upgrading of infrastructures. However, without a stable political and macroeconomic environment, efforts at reducing the external debt burden …