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Economics

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2011

Institution
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Articles 1 - 30 of 109

Full-Text Articles in Social and Behavioral Sciences

Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, Zhuliang James Zhang Dec 2011

Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, Zhuliang James Zhang

Undergraduate Economic Review

An often-overlooked impact of China’s policy of maintaining low interest has been the suppression of household interest income, which has increased the propensity of households to save while decreasing their consumption rates. This paper posits that from 2000 to 2007, deposit rates in China were suppressed annually by around 720 basis points, imposing an implicit tax on annual per-capita income of 12.8% on average. Raising deposit rates will increase household income and boost consumption in the medium-term if the Chinese government is able to initiate policy shifts that distribute the gains of economic growth more equitably to households. Research advised …

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Keynote Address By Mallam Sanusi, Lamido Sanusi, Sanusi Lamido Sanusi Dec 2011

Keynote Address By Mallam Sanusi, Lamido Sanusi, Sanusi Lamido Sanusi

Economic and Financial Review

The keynote address delivered by the Governor, Central Bank of Nigeria at the Executive Seminar on "Financial Sector Development, Economic Growth and the Nigerian Economy" for CBN executive staff held in Eko Hotel and Suites, Victoria Island, Lagos State, May 7-10, 2012

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Financing Nigeria's Growth After The Global Economic Crisis Within The Perspective Of Vision 20:2020 And The Transformation Agenda, Babatunde Lawal Dec 2011

Financing Nigeria's Growth After The Global Economic Crisis Within The Perspective Of Vision 20:2020 And The Transformation Agenda, Babatunde Lawal

Economic and Financial Review

The paper adopts content analysis method to investigate the underlying assumptions of the pillar of growth within the framework of Nigeria Vision 20:2020 (NV20:2020) and the transformation agenda. The aim is to show how realistic the underlying assumptions are and whether or not the available structure/measures of the financial system would be sufficient to finance the Vision. The conclusion is that the present Transformation Agenda and indeed the Medium-Term Implementation Plans adequately provide for the financing of NV20:2020 if the provisions of the documents are strictly adhered to.

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Special Remarks By Sarah O. Alade, Ph.D (Mrs), Sarah O. Alade Dec 2011

Special Remarks By Sarah O. Alade, Ph.D (Mrs), Sarah O. Alade

Economic and Financial Review

Special remarks made by the Deputy Governor, (Economic Policy), Central Bank of Nigeria at the Executive seminar on "Financial Sector Development, Economic Growth and the Nigerian Economy" for CBN executive staff on May 7-10, 2012.

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Financial Sector Development And Economic Growth: A Theoretical Exposition, Peter N. Umoh Dec 2011

Financial Sector Development And Economic Growth: A Theoretical Exposition, Peter N. Umoh

Economic and Financial Review

The various literature and studies reviewed in this exposition have underscored the positive impacts of a developed financial sector on an economy. Whilst a few studies showed that finance follows growth, the majority opinion is that finance leads growth. Unfortunately, growth has not led to economic development in many developing economies, necessitating intervention by such bodies as the United Nations, International Labour Organization and United Nations Development Programme. Economists are equally concerned about this development and have, therefore, conducted studies to show the relationship between economic growth and poverty alleviation. They generally agreed that growth is good for poverty reduction.

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Financing The Real Sector For Sustainable Economic Growth In Nigeria: Performance, Challenges And Prospects, O. B. Obembe Dec 2011

Financing The Real Sector For Sustainable Economic Growth In Nigeria: Performance, Challenges And Prospects, O. B. Obembe

Economic and Financial Review

This paper examines some of the challenges constraining the financial sector in stimulating sustainable growth in Nigeria. It observes that for a successful real sector financing in Nigeria, a culture of accountability and transparency in the conduct of our national affairs must be taken seriously. The quality of governance must also be improved, to ensure that the legal framework for economic activities is well strengthened, such that the protection of creditors‘ rights may not be jeopardised.

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Policy Choices And Challenges In Expanding Access To Finance For Growth In Rural Nigeria, Anthony E. Akinlo Dec 2011

Policy Choices And Challenges In Expanding Access To Finance For Growth In Rural Nigeria, Anthony E. Akinlo

Economic and Financial Review

Access to finance, in general, is fundamental to growth and development. A well-functioning financial market assists in channeling funds to their most productive uses, and allocates risks to those who can best bear it. An efficient financial sector that responds to the needs of the private sector increases investment, enhances economic growth, creates job opportunities and improves income distribution.

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The Millenium Development Goals: What Roles For The Financial Sector In Nigeria, Jonathan A. Aremu Dec 2011

The Millenium Development Goals: What Roles For The Financial Sector In Nigeria, Jonathan A. Aremu

Economic and Financial Review

The purpose of this paper, therefore, is to redefine the role of the Nigerian financial sector towards meeting the MDGs by 2015. The paper is, thus, structured into four parts. Part I, briefly analyses the targets of the MDGs and the situation in Nigeria. In part II, an attempt is made to examine the various areas where the financial sector can offer helping hands in the implementation of the MDGs targets in Nigerian economy. While Part III examines the reasons why financial services in Nigeria are not within the reach of the MDGs target group (the poor), Part IV addresses …

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Good Governance, Transparency And Regulatory Issues In Financial Sector Development And Stability, Bolaji Owasanoye Dec 2011

Good Governance, Transparency And Regulatory Issues In Financial Sector Development And Stability, Bolaji Owasanoye

Economic and Financial Review

This paper dwells on good governance, transparency and regulatory issues in financial sector development and stability. It starts off by defining the concepts of good governance and transparency. It goes further to discuss the financial services sector as well as regulation and development. It also discusses the relationship between transparency and accountability and further highlights the regulatory powers of the CBN relative to a developing economy.

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Financing Inclusive Growth In Nigeria: Challenges And Prospects, Sheriff A. Tella, Patrick I. Esenwah Dec 2011

Financing Inclusive Growth In Nigeria: Challenges And Prospects, Sheriff A. Tella, Patrick I. Esenwah

Economic and Financial Review

This paper is divided into four Sections. The first is the introduction and definition of the title of the article, next is Section 2, which contains literature on theoretical construct on economic growth and development models, including Inclusive Growth (IG) model while in Section 3 we present the role of money in economic growth. Section 4 looks at models of financial inclusion and evidence of financing inclusive growth in some developing countries. In Section 5, we identified challenges and prospects for financing inclusive growth in Nigeria. Section 5 is the concluding remark where some recommendations are proposed for successful inclusive …

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Financing Infrastructure And Growth: Lessons And Experience, Ahmed Mansur Dec 2011

Financing Infrastructure And Growth: Lessons And Experience, Ahmed Mansur

Economic and Financial Review

The paper addresses the issue of finance for infrastructure, the adequacy or otherwise of the traditional annuall budgetary allocation, and alternative methods for funding infrastructure. The potentials of the stockmarket in filling the financing gap, option of Public Private Partnership (PPP) arrangement in upscaling our infrastructure is examined. The paper covers an assessment of the merits and demerits of PPP, the PPP process and framework in Nigeria, and how Nigeria could benefit from the experiences of other jurisdictions.

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Rationale For Financial System Regulation And Supervision: A Global Perspective, Victor Ekpu Dec 2011

Rationale For Financial System Regulation And Supervision: A Global Perspective, Victor Ekpu

Bullion

The paper examines the enormous role of financial institutions, especially banks to the efficient functioning of the economy. The shortcomings of regulation and supervision, notwithstanding, one can argue that because of the special role that financial institutions play in the economy and the economic and social costs to society of their eventual failure, it is obvious that leaving the forces of demand and supply to bear will have adverse implications on the economy and the living standards of the nation's citizens. lt is on this note that i expound on the various reasons for financial system regulation in section 2. …

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Diaspora Bonds: A Viable Source Of External Financing For Nigeria?, Omolara O. Duke Dec 2011

Diaspora Bonds: A Viable Source Of External Financing For Nigeria?, Omolara O. Duke

Bullion

The paper examines the need for external funding, arises from the inadequacy of domestic sources of funds to meet supply gaps and balance of payments (BOP) challenges and the potentials of Nigeria sourcing external financing through the issuance of Diaspora bonds. Following this introduction, Section ll reviews conceptual and empirical literature as well as country experiences on Diaspora bonds issuance. Section lll, discusses the bond market in Nigeria. ln Section lV. the prospects and challenges of issuing Diaspora bonds in Nigeria were highlighted. Section V concludes the paper.

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Interoperability And Infrastructure Sharing Among Financial Services Providers, Akinwunmi O. Akinniyi Dec 2011

Interoperability And Infrastructure Sharing Among Financial Services Providers, Akinwunmi O. Akinniyi

Bullion

This paper seek to explore the issues around interoperability and infrastructure sharing among financial services providers. especially in the context of o developing notion with the aim of highlighting on efficient path to successful implementation of the concepts. Following this introduction is on attempt to underscore the importance of shared infrastructure. The section ll identifies some key criteria for determining candidate infrastructure for sharing. Section lll is a consideration of pathways to achieving shared and interoperable infrastructure. Section lV contains suggested recommendations for implementation and conclusions.

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The Effect Of Global Financial Crisis On The Nigerian Capital Market: Lessons For Monetary Policy, Sunday Ogwuche Ameh Dec 2011

The Effect Of Global Financial Crisis On The Nigerian Capital Market: Lessons For Monetary Policy, Sunday Ogwuche Ameh

Bullion

The paper assesses the effect of the financial crisis on the Nigerian Capital market, and lessons for monetary policy with a view to providing valuable inputs that can be used to update policy decisions in Nigerian economy as well as examining the historical perspective of the recent global financial crisis.

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Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola Dec 2011

Managing Diversity And Inclusion In The Central Bank Of Nigeria: Prospects And Challenges, Job A. Olorunshola

Bullion

This paper discusses key issues in managing diversity and inclusion in the CBN for organizational effectiveness. It is organized into five sections. Section Two, following the introduction, provides some theoretical background while section Three x-rays evidence of diversity and inclusion the CBN. Section Four discusses the key challenges and the way-forward in diversity and inclusion management in the Bonk. The last section concludes the paper.

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Understanding The Bretton Woods Institutions (Bwis) With Particular Reference To The International Monetary Fund (Imf), Adeniyi O. Adenuga, Osaretin Evbuomwan Dec 2011

Understanding The Bretton Woods Institutions (Bwis) With Particular Reference To The International Monetary Fund (Imf), Adeniyi O. Adenuga, Osaretin Evbuomwan

Bullion

The objective of this paper is to examine and discuss the workings of the Bretton Woods institution with particular focus on the international Monetary Fund (lMF). This is to enhance understanding of the expanded role of the lMF. The paper is divided into five parts. First is the introduction, Part ll, explains the IMF's role in the world economy, while Part lll presents relationships between the Fund and its members, highlighting member obligation to the Fund and Fund's obligation to its members. ln Port lV, the expanded roles of the Fund are discussed, while the conclusion is contained in Part …

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Finance For Growth And Policy Options For Emerging And Developing Economies: Nigeria, Wumi Olayiwola, Henry Okoduwa, Evans Osabuohien Dec 2011

Finance For Growth And Policy Options For Emerging And Developing Economies: Nigeria, Wumi Olayiwola, Henry Okoduwa, Evans Osabuohien

Economic and Financial Review

This paper attempts to address the issues of the major impediments to mobilising investment funds, and the appropriate policies for achieving and guaranteeing finance for growth, by assessing the performance of financial policies of selected EMEs in mobilising financial resources for economic growth, and identifying policy options necessary for achieving finance for growth. The rest of the paper is organised as follows. Section 2 discusses the basic characteristics of emerging economies (EMEs), and Section 3 positions Nigeria among the EMEs within the context of finance for growth. Section 4 deals with challenges and constraints of Nigeria in achieving finance for …

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Pension Reform: How Have Workers Fared?, Edward N. Wolff Oct 2011

Pension Reform: How Have Workers Fared?, Edward N. Wolff

Employment Research Newsletter

No abstract provided.

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Determinants Of Adoption Of Improved Maize Varieties And Chemical Fertilizers In Mozambique, Eunice Cavane, Cynthia Donavan Oct 2011

Determinants Of Adoption Of Improved Maize Varieties And Chemical Fertilizers In Mozambique, Eunice Cavane, Cynthia Donavan

Journal of International Agricultural and Extension Education

In Mozambique, adoption of improved maize seed and chemical fertilizers is still limited. This study assessed farmers’ attitudes towards hybrid maize SC513, Nitrogenous (N) Phosphorous (P) Potassium (K), (NPK 12-24-12) and urea fertilizers in highlands and lowlands of the Manica District. The study determined the influence of farmers’ characteristics, attitudes, sources of information, and agro-ecological conditions on adoption of these technologies during 1995 through 2005. A questionnaire was administered during April and May 2006 with a randomly selected sample of 293 households. In general, farmers held positive attitudes towards improved maize varieties and chemical fertilizers, but the strength of attitudes …

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Current Global Financial Crisis, M. Ibrahim Turhan Sep 2011

Current Global Financial Crisis, M. Ibrahim Turhan

Topics in Middle Eastern and North African Economies

No abstract provided.

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Convergence Of North African Countries To The Level Of Southern Europe Income: An Empirical Evaluation, Meriem Djennas, Mohamed Benbouziane, Mustapha Djennas Sep 2011

Convergence Of North African Countries To The Level Of Southern Europe Income: An Empirical Evaluation, Meriem Djennas, Mohamed Benbouziane, Mustapha Djennas

Topics in Middle Eastern and North African Economies

No abstract provided.

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Growth Potential Of Tourism Taxation In Maldives, Fazeel Najeeb, Mehmet S. Tosun Sep 2011

Growth Potential Of Tourism Taxation In Maldives, Fazeel Najeeb, Mehmet S. Tosun

Topics in Middle Eastern and North African Economies

No abstract provided.

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Mediterranean Countries’ Potential Vulnerability To Ocean Acidification, Nathalie Hilmi, Alain Safa Sep 2011

Mediterranean Countries’ Potential Vulnerability To Ocean Acidification, Nathalie Hilmi, Alain Safa

Topics in Middle Eastern and North African Economies

No abstract provided.

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Property Rights Protection And Fdi Flows: The Mena Experience, Wasseem Mina Sep 2011

Property Rights Protection And Fdi Flows: The Mena Experience, Wasseem Mina

Topics in Middle Eastern and North African Economies

No abstract provided.

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Economic Growth With Unlimited Supplies Of Labor: Theory And Some Evidence From The Gcc, Tarek Coury, Mohamed Lahouel Sep 2011

Economic Growth With Unlimited Supplies Of Labor: Theory And Some Evidence From The Gcc, Tarek Coury, Mohamed Lahouel

Topics in Middle Eastern and North African Economies

No abstract provided.

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Revolt On The Nile: Economic Shocks, Religion And Political Influence, Eric Chaney Sep 2011

Revolt On The Nile: Economic Shocks, Religion And Political Influence, Eric Chaney

Topics in Middle Eastern and North African Economies

No abstract provided.

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Sectoral Composition And Unemployment In Turkey, Fatma Dogruel, Yasemin Ozerkek Sep 2011

Sectoral Composition And Unemployment In Turkey, Fatma Dogruel, Yasemin Ozerkek

Topics in Middle Eastern and North African Economies

No abstract provided.

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Trade Liberalization And Export Diversification In Selected Mena Countries, Suut Dogruel, Mahmut Tekce Sep 2011

Trade Liberalization And Export Diversification In Selected Mena Countries, Suut Dogruel, Mahmut Tekce

Topics in Middle Eastern and North African Economies

No abstract provided.

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Parametric Social Security Reforms And Saving: Evidence From Turkey, Yigit Aydede Sep 2011

Parametric Social Security Reforms And Saving: Evidence From Turkey, Yigit Aydede

Topics in Middle Eastern and North African Economies

No abstract provided.

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