Social and Behavioral Sciences Commons^™

How Much Do Trading Partners Matter For Economic Growth? By Vivek Arora And Athanasios Vamvakidis: A Review, D. J. Yilkudi

Economic and Financial Review

The paper is a review of the paper "How much do trading partners matter for economic growth? by Vivek Arora and Athanasios Vamvakidis". The paper empirically examined the extent to which a country's long-term economic growth was influenced by the economic fortune of its trading partners. The study used panel data for over 100 countries to see if trading partners' growth had a strong effect on domestic growth. A strong relationship was found between the economic growth of a country and the economic conditions of its trading partners.

Determinants Of Demand Pressure In Nigeria's Foreign Exchange Market: An Empirical Analysis, A. Englama,, H. T. Sanni, O.O. Duke, T.S. Ogunleye, F.U. Isma'il

Economic and Financial Review

This study investigates factors that influenced the demand pressure in the foreign exchange market prior to the recent reforms. We examined the theoretical issues and empirically measured the determinants of the demand pressure in Nigeria’s foreign exchange market. We adopted a simple ordinary least square (OLS) to estimate the impact of exogenous variable on the dependable variable. We found from the empirical results that brand pressure was prevalent during the past period. From the literature, demand pressure m s attributed to a number of factors which include, among others, the high incidence of currency substitution arising from speculative trading, liquidity …

Determination Of Interest Rate Saharan African Countries: A Analysis., A. O. Folawewo, E. A. Udeaja

Economic and Financial Review

A major indicator of banking sector efficiency is interest rate spreads (IRS), which have been found to be very high in African countries. This paper analysed the determinants of interest rate spreads in Sub-Saharan African (SSA) from a macro perspective, that is, using aggregate banking sector data, and focusing macroeconomic and market determinants. The study used ex-ante measure of spreads, that is, differences between interest rates on lending and deposit. Using annual data covering 33 countries, the result to obtained from the paper suggested that different market and macroeconomic policy variables played significant role in explaining variation in IRS in …

Effects Of Poverty On Risk Attitudes Of Farmers In Benue State Nigeria, G. C. Aye, O. Oji

Economic and Financial Review

The Nigerian agriculture is characterised by low productivity low fam incomes and low levels of

technological adoption and we inefficient production technique. This poor state of Nigerian agriculture is related to farmers' attitude towards risk in the adoption of production techniques, as well as risk in the production and socioeconomic environment, this study therefore sought to specifically to: determine the extent of poverty among farmers in the area; assess the risk attitude of the farmers and determine the effect of poverty variables on risk attitude of farmers. A multi-stage random sampling technique was used for selection of respondent. Data were …

Determinants Of Capital Flows In Nigeria And Challenges For Macroeconomic Stability, A. Englama, N. C. Oputa, G. K. Sanni, M. U. Yakub, O. Adesanya, Z. Sanni

Economic and Financial Review

Capital flows into developing countries in the 1960s through the 1980s were mainly in the form of overseas development assistant (ODS) to governments as well as private capital through domestic multinational bank. Nigeria, like unit developing countries, is characterized by a low' level of domestic savings and in order to attain a desirable level of investment that would guarantee sustainable development, the economy needs some foreign sayings to bridge the savings investment gap. These savings come in the form of 'new money’ or capital inflows which are expected to provide financial capital for economic activities. Foreign participation is directed associated …

The Dominant Channels Of Monetary Policy Transmission In Nigeria: An Empirical Investigation., Mbutor O. Mbutor

Economic and Financial Review

The paper aims at identifying the dominant channels of monetary policy transmission in Nigeria. The standard vector autoregressive methodology was adopted. The inferences from the study shows that the lending rate provides the strongest nexus for the propagation of monetary policy impulses in Nigeria.

Corporate Governance Of Banks In Nigeria: Determinants Of Board Of Directors' Effectiveness., Ukpai Kama, Chuku Chuku

Economic and Financial Review

The paper seek to ascertain the characteristics that determine the effectiveness of the bank boards in carrying out its roles of monitoring and advisory. It suggests that empowering boards through incentive packages and enlarged responsibilities to monitor, sanction, reprimand would be a way forward for the Nigerian banking sector.

Economic Liberalization And Job Creation In Nigeria, Olayinka Idowu Kareem

Economic and Financial Review

This study examines the concept of liberalization and effects of economic liberalization on job creation in Nigeria. It narrows globalization to economic liberalization and looks at its effect on job opportunities in Nigeria. It recommends that the government should undertake regulated/guided liberalization policies such that the dictate of the economy will not be left in the hands of oligopolists.