Economics Commons^™

A Community Divided: Coping With A Locally Unwanted Land Use, Robert H. Hamblen

Muskie School Capstones and Dissertations

Locally Unwanted Land Uses constitute a phenomenon peculiar to twentieth century industrialized countries. LULUs, as they have become known, are a facility or development that is perceived by citizens, communities, regions, or states as undesireable, so much so that effort and resources sufficient to end the threat of the facility being built in a location that will significantly impact those citizens, communities, regions, or states will be expended. This scenario has been replayed time and again in the country and others, in response to uses such as halfway houses, generating plants, and landfills.

Promoting The Flow Of Investment Resources Into Nigeria's Petroleum Industry, M O. Ojo, C. M. Anyanwu

CBN Occasional Papers

The objective of the paper is to review the investment climate and policy incentives designed for the Nigerian oil industry with a view to evaluating how supportive they have been in terms of attracting investment funds into the sector. The industry has grown over the years to become the backbone of the economy. Given its strategic role, recent revelations of possible distress in the sector attributable to fast declining investment expenditure, deserves analysis and remedial actions. The investment needs of the industry are massive. A survey of the. sector shows that there is a large resource gap between its needs …

Is The “Dominant Firm” Dominant? An Empirical Analysis Of At&T’S Market Power, Simran K. Kahai, David L. Kaserman, John W. Mayo

Economics & Finance

In this article, we estimate the degree of market power held by AT&T in the interstate long-distance market in the postdivestiture period. Our approach makes use of the dominant firm/competitive fringe model to impose the structure needed both to obtain estimates of the relevant structural parameters and to translate these parameters into an estimate of AT&T's residual demand elasticity and associated Lerner index. Because of the continued presence of regulation and other considerations, however, a direct estimation of the residual demand elasticity is not feasible. Consequently, we take a more indirect approach that combines estimation of the elasticity of fringe …

The Performance And Future Of Mandatory Allocation Of Credit To Selected Sectors In The Nigerian Economy, J. A. Babalola, F. O. Odoko

Economic and Financial Review

The paper examines the performance and likely future trend of mandatory credit allocation to selected sectors of the Nigerian economy. The result reveals that during both the pre-SAP and the SAP years, performance was below target. In terms of future mandatory a/location of credit by banks, the paper notes that instead of 'prescribing the total amount by which banks can expand credit, discretion should he given to banks to allow market forces to determine the allocation.

Export Processing Zone Programmes: Lessons For Nigeria From Other Countries, E. B. Hogan, E. A. Onwioduokit

Economic and Financial Review

The monumental success of the export-oriented South-East Asian countries has engendered a shift in emphasis among other developing countries towards export oriented development strategy in recent times. This paper examines the export processing programmes in Nigeria, drawing from the experiences of other countries where the programme is operational. The analysis confirms that the nature and extent of incentives available in Nigeria's EPZ scheme compares favourably with those provided by similar schemes elsewhere. However, the same cannot be said of infrastructural facilities such as roads, railways and communication. The need for improvement in these facilities is emphasized. Also, security, which is …

Foreign Private Investment In Nigeria - 1994, Central Bank Of Nigeria Cbn

Economic and Financial Review

The netjlow of foreign private investment into the Nigerian economy in 1994 reduced drastically to N3,907.2 million from N32,994.4 million recorded in the preceding year. The sharp decline was attributable to the unstable business environment which resulted from political agitation and labour unrest during the review period. Contributions of all the investment flow components fell, especially changes in foreign share capital and trade and suppliers credit facilities which plummeted to N429. 5 million and N214.8 mil/ion.from N5,0ll.4 and N17,803.l million recorded in the preceding year, respectively. While investments of all the other regions declined, investment flows.from companies of Asian origin …

Ashwani Saith. The Rural Non-Farm Economy: Processes And Policies (Geneva, Ilo) 1993., S. O. Etafo

Economic and Financial Review

The study examines the likely impact of rural, non-farm economy (RNFE) growth on rural inequalities and agrarian differentiation processes; possible demand constraints; and the success or failure of specially targeted rural, non-farm programmes (for example, Graneen Bank in Bangladesh, the People's Commune in pre-1978 rural China and IRDP interventions in India). The author establishes economic conditions and institutional environment that would enable the RNFE to grow, with a decisive impact on rural poverty. The study, intended to be a precursor to a full-length study of the rural, non-farm economy (RNFE) in developing economies, runs into five chapters. Chapter 1 is …

Direct Payment Of Taxes Through Designated Banks., Mallam I. Usman

Bullion

This paper examine the Federal Government policy on direct payment system of tax through designated Nigerian Banks. The main objective of the scheme is to improve the administration of taxation in Nigeria by making it more convenient to tax payers in terms of time saving, reducing the incidence of fraud which has, over the years, depraved Government of needed revenues, minimizing the risk of carrying cash, providing transparency and -improved accountability, and of course, enhancing revenue yield substantially.

Money Supply, Inflation And The Nigerian Economy, Paul A. Ogwuma

Bullion

Experience in many countries, including Nigeria, show that fiscal policies, in particular, intended primarily to stimulate output growth and enhance real income often end up as a major source of financial imbalances and macro-economic instability. The accompanying high inflation has critical allocative and distributional implications that can be detrimental to the growth process. It is against this background that, this short paper attempts, to identify the relationship between monetary growth and inflationary developments in Nigeria and the implications for economic growth. Following this Introduction, Thus, the challenge of maintaining monetary stability has often been a difficult one, the world over, …

Research And Economic Policy In The Nigerian Public Sector., Ojo M. O.

Bullion

The paper examines the role of research for economic policy management in the Nigerian public sector. The subject is treated comprehensively for the information of participants. It further discusses some conceptual issues, the policy framework for economic management, appraisal of policy research in the public sector, the observed problems in national policy research and some proposals for improvement.

Problems And Prospects In Agricultural Financing In Nigeria Under Economic Deregulation., Odu Paul C.

Bullion

The paper focus on the government economic deregulation in Nigeria in 1986 which was discussed in sections. Section I of the paper reviews the trends in the agricultural finance sector before and during SAP. The perspectives of agricultural lending under deregulation is discussed ln section II. Section III analyses the formal and informal credit to agriculture, and section IV reviews the policy implications/solutions of deregulation under agricultural financing, while section V concludes the paper.

The State Of The Nigerian Petroleum Industry: Performance, Problems And Outstanding Issues, M. O. Ojo, B. S. Adebusuyi

Economic and Financial Review

This paper examines developments in the Nigerian petroleum industry in view of its prominent role in the economy and notes outstanding issues and other relevant policy implications. The paper also discusses the industry's organizational and operational structure and assesses its performance in terms of production, local consumption and exports of crude oil and refined products as well as oil revenue. Major findings are that although the sub-sector continues to account for the bulk of federally-collected revenue, the growth in crude oil output, average crude export volume as well as refined petroleum products consumption have been declining, while the performance of …

Catherine Bonser-Neal. "Does Central Bank Intervention Stabilize Foreign Exchange Rates? Economic Review, Federal Reserve Bank Of Kansas City, Vol. 81, No. 1, First Quarter 1996 (14pp), Peter I. Nwaoba

Economic and Financial Review

The paper tried to establish whether central bank intervention could reduce exchange rate volatility by stopping speculative attacks against a currency. The author's concern centered on the fact that exchange rate volatility has increased since the adoption of flexible exchange rate system in 1973 and the subsequent interventions by most central banks. She observed that many European countries have intervened in foreign exchange markets when deemed necessary to reduce volatility and possibly keep exchange rates within a band around a target rate. But opinions still differ on whether these interventions could stabilize exchange rates. The paper, therefore, sought to present …

A Model For Successful Reutilization Of A Military Installation: A Case Study Of Gentile Air Force Station, Maria L. Garcia

Theses and Dissertations

Previous research concerning base closure and reutilization focused on the roles of government agencies and the assistance they provided. This study looks at the community and the impact of installation closure. The process of planning for reuse of an installation is difficult and confusing. The guidance provided by the government has changed drastically since the first closures announced in the 1988 Base Realignment and Closure Committee recommendations. This study focuses on the strategy employed by Kettering, OH to successfully reuse Gentile AFS upon closure. As the final part in a longitudinal study, the research focus was lessons learned and implementation …

An Assessment Of The Role Of Irrigation Water In Egypt, Tarek Aly El-Badawy

Archived Theses and Dissertations

No abstract provided.

Anion Induced Blue To Purple Transition In Bacteriorhodopsin, Mrunalini Pattarkine, Anil K. Singh

Faculty Works

Purple membrane (PM, λ" role="presentation">λmax" role="presentation">max 570 nm) of H. halobium on treatment with sulphuric acid changes its colour to blue (λ" role="presentation">λmax" role="presentation">max 608 nm). The purple chromophore can be regenerated from the blue chromophore by exogeneous addition of anions such as CI−" role="presentation">− and HPO42−" role="presentation">2−4. Chloride ion is found to be more effective than the dibasic phosphate ion in regenerating the purple chromophore. Nevertheless, one thing common to the anion regeneration is that both CI−" role="presentation">− and HPO42−" role="presentation">2−4 show marked pH effect. At pH 1.0 the efficiency of …

An Appraisal Of Local Exchange And Trading Systems In The United Kingdom, Colin C. Williams

Colin C Williams

Exhibit - Wku Compensation Study Report, W.F. Corroon Consultants

Board of Regents Documents

Study to address issues of internal fairness and market competitiveness of salaries for all non-faculty staff below the director level performed by W.F. Corroon Consultants.

On Early Warning Models For The Identification Of Problem Banks In Nigeria, Sani I. Doguwa

Economic and Financial Review

This paper proposes alternative early warning models which could be helpful in identifying problem banks in Nigeria. The models rely on the /ogit-analytic technique and the use of financial ratios derived from the monthly returns the licensed banks render to both the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC). The two separate models, each developed for commercial and merchant bank, are more efficient in that they drastically reduced the mis-classification errors inherent in other failure prediction models developed in the past. To illustrate the applications of the models for policy, an appraisal of the financial condition …

Cho Tae-Hyon: "Foreign Direct Investment In Korea: Recent Trends And Changes To Improve The Investment Environment", Korea Exchange Bank Quarterly, First Quarter, 1995, Vol. Xxx, No. 1, N. C. Oputa

Economic and Financial Review

Korea opened its doors to foreign investors in 1962 to raise capital for economic development. As at end-1994, the total accumulated volume of Korea's Foreign Direct Investment (FOI) on an approved basis amounted to US $12,525 million financing 4,709 projects. The conclusion of the Uruguay round and the establishment of the World Trade Organisation (WTO) which linked the global economy to free flows of trade and investment, are new challenges facing Korea in the search for ways to cope with the emerging era of unlimited competition. Tae-Hyon's paper attempts to review the trends in FDI and the recent incentives to …

Further Empirical Analysis Of Inflation In Nigeria, O. M. Fakiyesi

Economic and Financial Review

This paper analyses the main factors which influence inflation in Nigeria with a view to determining the relevant policy instruments that will reduce it. The empirical analysis confirms the findings of earlier studies that monetary expansion significantly influences the rate of inflation in Nigeria. The other dominant factor is the exchange rate which has a significant and positive impact on inflation. Growth in real income and level of rainfall are also significant in explaining inflation in Nigeria.

An Empirical Analysis Of The Prices Of Nigeria's Agricultural Export Commodities, Grace O. Evbuomwan

Economic and Financial Review

The study examines the role of price incentives in expanding agricultural commodity exports. Using the concept of efficiency, based on the theory of opportunity cost, nominal and effective protection coefficients (NPC & EPC) were estimated for cocoa, coffee, cotton, palm kernel, palm oil, rubber and soyabean. Their world market prices served as the efficiency benchmarks in order to determine the pattern of incentives or disincentives to the Nigerian agricultural export sector. The NPC values obtained ranged from 0.47 for cotton to I. I 8 for soyabean pre-Structural Adjustment Programme (SAP) and during the SAP the values ranged from 0. 63 …

Economic Growth And Foreign Debt: A Case Study Of Nigeria, J. O. Ashinze, E. A. Onwioduokit

Economic and Financial Review

In this study, a macro-economic model is used to examine the relationship between external debt and economic growth in Nigeria. The study has established empirically that foreign credit only contributed positively to growth between 1988 and /992 when the resources mobilized externally were used in directly productive activities. However, between 1979 and /987 as well as the period /993-/994, there was a negative relationship between foreign capital and growth. Among other factors, policy inconsistencies, drying up of external assistance and political instability were identified as the main factors that militated against foreign credit-induced growth of the Nigerian economy.

Poverty In Egypt, Amal Rakia Abd El Ghani El Bishry

Archived Theses and Dissertations

No abstract provided.

Manufacturing's Role In The Growth Of An Industrialized Mature Economy, James F. Gill

Masters Culminating Experiences (1993-2011)

Manufacturing is the primary driver of major wealth formation and competitiveness in every significant economy. Therefore, it would appear that the more dominant role in manufacturing plays in overall Gross Domestic Product (GDP), the greater is the annual comparative growth rate of the economy. Manufacturing is 19 percent of GDP for the United States, 30 percent for Japan, 31 percent for Korea, and 35 percent for Germany, as of 1987.

The term "manufacturing" as used here does not include construction, mining, forestry, fishing and other similar activities. There are two general definitions (See footnote, OECD/2/World Bank. U.N. SNA).

This paper …

Economic Growth Performance Of Selected Countries, Wuguang Yan

Masters Culminating Experiences (1993-2011)

This paper reviews economic growth theories and studies the East - Asian economic growth characteristics. The descriptive analysis shows that the high performance Asian Economies(the HPAEs) have been experiencing continued rapid per capita income growth for over two decades. They have enjoyed the high savings rates, high investment rates, low population growth rates as well. The living standard of these countries tends more and more closer to the U.S. standard. Compare to the Latin American countries, the HPAEs’ achievement is very impressive.

The statistical analysis performed in this paper also offers the insights of the relationship between per capita GDP …

Interest Rate Elasticity And Consumer Bank Accounts: A Case Analysis Of Bank One Dayton, N.A., William Paul Martin

Masters Culminating Experiences (1993-2011)

This study is an econometric analysis of three consumer banking accounts from Bank One Dayton, N.A., the Total Demand account, Total Savings account and Time Deposits Account. The elasticity of demand with respect to interest rates of the savings and time deposit accounts is determined using multiple regression modeling and analysis. Other variables that are significant determinants of the balances of each account are also presented.

An analysis of the regression results for the Time Deposits Model indicates that the demand for the Bank One Dayton time deposit accounts (certificate of deposit accounts) is significantly elastic with respect to interest …

Telecommunications And Economic Development, Mohammed Mahbubur Rahman

Masters Culminating Experiences (1993-2011)

The thesis examines the relationship between telecommunications development and economic activity of nations. The findings confirm the previously established hypothesis that the causality of the relationship between these two factors exists in both directions. That is the development of economic activity at any point in time influences the development in telecommunications at a later point in time- and the development in telecommunications at any point in time also influences the economic activity at a later point in time. The major economic principle behind such significant correlation of telecommunications and economic development is that telecommunications helps reduce the transaction cost in …

Is Child Labor Substitutable For Adult Labor?, Tammy Fayed

Archived Theses and Dissertations

No abstract provided.

How Charitable Organizations Influence Federal Tax Policy: "Rent-Seeking" Charities Or Virtuous Politicians?, Nancy J. Knauer

Nancy J. Knauer

Tax-exempt charitable organizations exert considerable influence over Congress, the Department of the Treasury, and the Internal Revenue Service in matters dealing with exemption from federal income tax and the tax deductibility of charitable contributions. This Article uses both public choice and public interest analysis to help identify various features of the charitable community and explain how exempt organizations weild political influence despite the restrictions placed on their activities under the tax code. Arguing that the influence of charitable organizations over tax policy can be explained from either a public choice or public interest vantage point, the Article concluds that the …