Social and Behavioral Sciences Commons^™

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2006, Central Bank Of Nigeria

CBN Annual Report

This Report reviews the operations of the Central Bank of Nigeria (CBN) and macroeconomic developments during the fiscal year 2006 and appraises the major economic policy outcomes during the period. The Bank reported a stable foreign exchange market in 2006, with an average effective official exchange rate of N 128.65 per U.S dollar, an increase of 2.6% over 2005. The stock of external reserves, valued at US$12.30 billion, was 49.6% higher than in 2005, driven by high crude oil prices and lower debt-service burden. The reserves were equivalent to 28.4 months of import cover, exceeding the 6 months requirement under …

Cuba's De-Dollarization Program: Policy Measures, Main Objectives, And Principal Motivations, Mario A. Gonzalez-Corzo

Publications and Research

This paper examines the main characteristics of Cuba’s de-dollarization program, the objectives of these policy measures, and their principal causes and motivations. The paper is organized in three sections. The first section describes the policy measures associated with the process of de-dollarization, followed by a detailed account of their main objectives (section two), and an analysis of their principal causes and motivations (section three).

Rural Women Entrepreneurship In South Dakota, Carol J. Cumber, Abbigail Meeder

Economics Commentator

No abstract provided.

Taxes And Competitiveness, Michael S. Knoll

All Faculty Scholarship

Around the world, the tax laws are shaped by concerns with competitiveness. This paper provides a general theory of how taxes impact competitiveness. As part of that theory, this paper also introduces the concept of tax-based competitiveness neutrality. A tax system is competitively neutral when taxes do not cause competitors to change their relative valuations of any investments. This paper then uses that theory to evaluate tax policy in two high profile and important areas. The paper begins by describing two models of competitiveness, called the conduit or new money model and the investor or old money model. The central …

Regional Innovation Systems (Ris) In The U.S. South: The Role Of Local Characteristics Of Ris In Rural Development, Doohee Lee

All Dissertations

Regional innovation systems (RIS) and innovative activity are now recognized as having important roles to play in regional economic development policy. The goal of this study is to expand our understanding of the relationship between regional economic growth and the local characteristics of RIS. The research identified the existence and importance of sources of innovation, knowledge spillovers, and regional spillovers as the principal characteristics of RIS in the South. A knowledge production function approach was used to estimate the determinants of innovative activity in rural counties. A zero inflated negative binomial model was estimated to capture the influence of local …

Economic Analysis Of Stormwater Management Practices, Ritu Sharma

All Dissertations

Structural stormwater management practices help reduce the quantity and improve quality of stormwater runoff. This dissertation focuses on costs and cost effectiveness of these practices. Design, construction and maintenance costs data that were collected from six different sources and adjusted for purchasing power differences over time and location are analyzed using stochastic Leontief cost functions. Effects on these costs of land prices, wages for engineering, construction, and landscaping services, water storage or treatment, and differences in designs of the SMPs and the biophysical regions in which they are located are estimated with the Leontief functions. Results indicate that all SMPs …

The Competitive Effects Of Multiple Exchange Listed Options On The Us Options Market: A Look At Market Share, Jason Kunkel

All Theses

In an attempt to foster competition between financial exchanges, the Securities and Exchange Commission developed the National Market System Plan. With the exchanges competing for market share, there is potential for the loss of property rights of price quotes developed by the dominant exchange. The smaller exchanges will free ride on the dominant exchange`s price quotes and 'cream skim' the less risky trades. This research develops a model of CBOE (the dominant options exchange) market share to show evidence of 'cream skimming.' The variables in the model of market share give insight into the risk and profitability of the option …

Commercialization Of Nonprofit Organizations: A New Model, Brittana L.W. Hardwick

Economics Theses

No abstract provided.

Patent Political Economy - Indian Lessons On Pharmaceutical Patent, Julien L. Chaisse, Samira Guennif

ExpressO

The Intellectual Property Rights (IPR) regime adopted by any country is essentially a tool that strives to ensure both the growth of the domestic pharmaceutical industry and people’s access to medicines. But, contrary to the very easily advanced theory, there is no paradox between the two. From this perspective, the Indian experience has shown that it is precisely the relaxation of its national IPR regime that promoted the growth of its domestic industry, thereby ensuring a better patient access to medicines. However, the globalisation process does not overlook any sector, which means that medicines too are submitted to the new …

Paying Attention To Welfare: Supplemental Security Income, Attention Deficit Hyperactivity Disorder, And The Incentives Of Parents, Jason Rudbeck

All Dissertations

The Supplemental Security Income (SSI) program is the only welfare program that extends cash benefits to children for being blind or disabled. The largest growth in the program has occurred towards children with Attention Deficit Hyperactivity Disorder (ADHD). Using in-house data from the National Health Interview Survey (NHIS), this research measures parents` sensitivity to having their children diagnosed with ADHD given increases in real SSI payments. Children who are more likely to receive SSI benefits given income and living condition are also more elastic to increases in payments through becoming diagnosed with ADHD. In addition, parents alternate between claiming that …

Identifying Economic Indicators For Ecosystem-Based Management:, Scott Norris

Publications

In America and across the world, the use of ecosystem-based management is

increasing. One of the primary challenges faced in using this method of management is the integration of economic data and environmental information. This report explores the use of a new tool for integrating economic data, ecosystem-based economic indicators, in a case study of Elkhorn Slough National Estuarine Research Reserve, an estuarine environment located in Monterey County, CA. Research and literature reviews were used to detail the economic activities of the area, in order to identify possible indicators,criteria for evaluating the indicators, and potential sources of indicator data. After …

An Econometric Analysis Of Determinants Of Foreign Direct Investment: A Panel Data Study For Africa, Evarist Twimukye

All Dissertations

In the last two decades, foreign direct investment has become a major source of investment capital for developing countries. This study evaluates the determinants of foreign direct investment in Africa using fixed effects feasible generalized least squares model for 45 countries covering the period 1990-2003. The study finds gross domestic product, literacy rate, exchange rate and population size to have positive relationship with foreign direct investment. But, inflation rate and remoteness have negative relationship with foreign direct investment. Finally, central, eastern and western regions have lower foreign direct investment than southern region.

Are Obese People Choosing More Sedentary Jobs?, Ashley Cluley

All Theses

Throughout the developed world there are a growing number of people becoming obese. Advancing technology continues to make our jobs less physically demanding. I show that a person with a higher body mass index (BMI) does not choose a more sedentary job position.
Job strenuousness is found by using principal component analysis. The three instrumental variables used for two-stage least squares are youth health, the number of restaurants per state per thousand residents, and an indicator variable if a person plays computer games at home. I reviewed 2SLS, JN2SLS and ordinary least squares (OLS) regressions and based on the testing …

Sequencing Capital Account Liberalisation, Bright Okogu, Philip Osafo-Kwaako

Economic and Financial Review

This paper focuses on the case of Nigeria and examines whether following the successful implementation of the recent reform program, appropriate policies are now in place for effective capital account liberalization.

Capital Account Liberalization: What Options For Developing Economies, Biodun Adedipe

Economic and Financial Review

This paper deals with some basic facts about Capital Account Liberalization, Liberalization Experiences, problems and prospects, policy options and recommendations.

Capital Account Liberalization: Experience From The Emerging Market Economies, Mike I. Obadan

Economic and Financial Review

The liberalization of the capital account of the balance of payments is rooted in economic theory and is said, can help to bridge savings and foreign exchange gaps in national economics thereby promoting national growth. In the light of the foregoing, this paper explores the experiences of the developing countries in particular, the emerging market economies, in capital account liberalization.

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.

Capital Account Liberalization: The Ecowas Experience, M.O. Ojo

Economic and Financial Review

Capital account liberalization can enhance economic growth and development through access to foreign savings for domestic investment, improvement in the efficiency of resources allocation for greater competitiveness in the global economy. The paper focuses on the status of Capital account liberalization in the ECOWAS region and the policy measures that could be adopted.

Capital Account Liberalization: The Way Forward For Nigeria, Sam Omoruyi

Economic and Financial Review

Capital account liberalization is a complex and multifaceted issue, which if not properly addressed could increase the risks of a crisis in a country with serious negative consequences for the real sector. The purpose of this paper is to dwell in some detail on capital account liberalization, emphasizing the preconditions for tits safe implementation, the degree and sequencing of implementation, effects of capital account liberalization, noting costs and the way forward to its effective administration in Nigeria.

Welcome Address At The 2006 Executive Seminar "Capital Account Liberalization: Issues, Problems, And Prospect", E.O. Alilonu

Economic and Financial Review

The welcome address was given by the then Branch Controller, Calabar Branch of the Central Bank of Nigeria at the 2006 Executive Seminar.

Wright State University Regional Economic Report, December 2006, Thomas L. Traynor

Economics Faculty Publications

No abstract provided.

Globalization And Capital Account Liberalization, Ademola T. Oyejide

Economic and Financial Review

This paper reviews some aspects of the debate on the linkages between globalization and capital account liberalization. This paper analyses globalization and the associated capital flows and then discusses the impact of the capital flows on the financial and real sectors of the economy.

Keynote Address At The Cbn Executive Seminar On "Capital Account Liberalization: Issues, Problems, And Prospect", Obadiah Mailafia

Economic and Financial Review

The keynote address was given by the Deputy Governor, (Economic Policy), Central Bank of Nigeria. He highlighted the aptness of the theme for the seminar in view of the developments in the global economy and the policy reforms embedded in the National Economic Empowerment and Development Strategy (NEEDS) and the Millennium Development Goals (MDGs).

Oecd's Fdi Regulatory Restrictiveness Index: Revision And Extension To More Economies, T. Koyama, Stephen S. Golub

Economics Faculty Works

This paper provides a revised measure of regulatory restrictions on inward foreign direct investment (FDI) for OECD countries and extends the approach to 13 non-member countries. The methodology is largely similar to that adopted in the previous version of the OECD indicator and covers three broad categories of restrictions: limitations on foreign ownership, screening or notification procedures, and management and operational restrictions. The FDI restrictiveness indicator captures statutory deviations from "national treatment", i.e. discrimination against foreign investment. When combined with other factors having an influence on foreign investment decisions, it has proven to be a good predictor of countries' inward …

Asset Welfare: A Different Approach In The War On Poverty, Renée De Voursney

Economics Theses

This thesis evaluates American asset poverty. By looking at the history of American poverty aid, it posits that asset poverty is not being addressed. Through a careful review of the literature this thesis answers a series of questions that demonstrate the import of the asset dimension of poverty. The current systems of asset based aid are evaluated, and policy recommendations are made for a more adequate national approach to this issue.

Currency Restructuring: The Role Of The Media., Festus O. Odoko

Bullion

One of the mandates of the Central Bank of Nigeria (CBN) as provided in the CBN Act of 1991 (as amended) is the issuance of legal tender currency. This paper examines the rationale for currency restructuring so as to elicit the buy-in and support of the media and in that way enhance the acceptability of the currency in economic transactions in Nigeria. The rest of the paper is organized as follows: Section 2 outlines the major elements of currency restructuring, while section 3 discusses the critical success factors. In section 4 the role of the media is enunciated while section …

Religion And Subjective Well-Being Among China’S Elderly Population, Philip H. Brown, Brian Tierney

Working Papers in Economics

Evidence from developed and developing countries alike demonstrates a strongly positive relationship between religiosity and happiness, particularly for women and particularly among the elderly. Using survey data from the oldest old in China, we find a strong negative relationship between religious participation and subjective well-being in a rich multivariate logistic framework that controls for demographics, health and disabilities, living arrangements and marital status, wealth and income, lifestyle and social networks, and location. In contrast to other studies, we also find that religion has a larger effect on subjective well-being on men than women.

Research Note: Assessing Household Service Losses With Joint Survival Probabilities, Victor Matheson, Robert Baade

Economics Department Working Papers

Traditional analyses of household service losses in personal injury and wrongful death litigation calculate the losses over the expected lifetime of the injured or deceased individual. In fact, the losses to the surviving family members are more accurately described by using joint survival probabilities of the injured or deceased person and their survivors, or a “joint life expectancy.” The use of joint probabilities will always serve to reduce expected household service losses and these reductions can be especially significant when the deceased is significantly younger than the surviving spouse or if the survivor has a relatively low remaining life expectancy.

Are Tourists Willing To Pay Additional Fees To Protect Corals In Mexico?, James F. Casey

James F Casey

Coral reefs have been referred to as the rainforests of the sea, maintaining the most diverse forms of life on earth. Unfortunately, fifty-eight percent of the world’s reefs are potentially threatened by human activity. The primary objective of this paper is to determine if tourists, visiting the Riviera Maya, Mexico are willing to pay an entrance fee to enhance coral reef protection. We use a discrete choice contingent valuation (CV) experiment with almost 400 visitors to determine a measure of compensating variation for contributing to a public trust to protect corals. Results suggest there are significant possibilities for implementing a …

Economic Growth And The Environment: A Review Of Theory And Empirics, M. Scott Taylor, William Brock

M. Scott Taylor

The relationship between economic growth and the environment is, and will always remain, controversial. Some see the emergence of new pollution problems, the lack of success in dealing with global warming and the still rising population in the Third World as proof positive that humans are a short-sighted and rapacious species. Others however see the glass as half full. They note the tremendous progress made in providing urban sanitation, improvements in air quality in major cities and marvel at the continuing improvements in the human condition made possible by technological advance. The first group focuses on the remaining and often …