Social and Behavioral Sciences Commons^™

Enabling Community And Trust: Shared Leadership For Collective Creativity, Mohammed Mohammed, Kurian Thomas

The Foundation Review

The strength of nonprofit organizations comes from well-developed human connections that spur productive collaboration across levels of hierarchy. This article, exploring the experience of the Fetzer Institute, demonstrates that workplace creativity is best fostered if it is matched by a style of leadership that invites a wider spectrum of internal actors to actively participate.

While acknowledging the significance of shared leadership, this article does not necessarily advocate for the dissolution of hierarchy; rather, it points out that the key lies in finding the sweet spot between organizational structure and a creative community.

The article describes tools that are particularly effective …

Front Matter

The Foundation Review

No abstract provided.

What We Have Learned About Grassroots Philanthropy: Lessons From Mexico, Artemisa Castro Félix, A. Scott Dupree

The Foundation Review

Mexico is going through a transition from traditions of authoritarian, top-down social and political management that have tended to marginalize the efforts of community groups in addressing social and environmental challenges.

While there are many important questions about strengthening civil society organizations in general, grassroots groups in particular are challenged by the weak enabling environment for social action.

Despite this, the Action in Solidarity Fund has found that it is very possible for philanthropists to reach small grassroots groups with the support they need and to begin to strengthen the social fabric for communities to act on their own behalf. …

Redefining Expectations For Place-Based Philanthropy, Katelyn Mack, Hallie Preskill, James Keddy, Moninder-Mona K. Jhawar

The Foundation Review

This article discusses how The California Endowment has used a midcourse strategic review to refine Building Healthy Communities, aiming to provide insight for other place-based initiatives and to add to the body of knowledge about how to support transformative community change.

With Building Healthy Communities, the endowment is taking a new approach to community change using a dual strategy to build community capacity in 14 places and scale the impact of its local efforts through statewide policy advocacy and communications. In 2013, it commissioned a strategic review to reflect on what it has learned from the first three years of …

Executive Summary

The Foundation Review

No abstract provided.

Peeking Behind The Curtain: The Operations And Funding Priorities Of Rural Private Foundations, Dorothy Norris-Tirrell, Brandi Blessett, Claire Connolly Knox

The Foundation Review

This article examines the operations and funding priorities of rural private foundations in Florida, using data from the U.S. Census, the Urban Institute’s National Center for Charitable Statistics, and interviews with foundation leaders.

The study found that grantmaking by rural foundations is split between out-of-state and in-state giving, determined by the intent of a benefactor or the personal choices of a foundation founder and/ or family.

This finding presents opportunities for nonprofit organizations and community groups in rural counties to communicate community needs in order to retain a larger amount of foundation dollars in the foundation’s home state and county.

Editorial, Teri Behrens

The Foundation Review

No abstract provided.

Maximizing Return: An Evaluation Of The Walton Family Foundation’S Approach To Investing In New Charter Schools, Matthew Carr, Marc Holley

The Foundation Review

The Walton Family Foundation’s social-impact goals include reform of the American K-12 education system by increasing the number of highquality schools available to low-income students. One of the foundation’s signature strategies toward this end is to support charter schools.

This article presents the findings of a study that suggests the foundation’s investment approaches to charter school startups have been successful in supporting the creation of high-quality seats for low-income students. Specifically, the foundation has invested in charter schools where test-score performance has shown greater improvements than at local district schools and charter schools that have not received foundation funding.

These …

Drugs, Depression, And Dating Violence: Partnering With Schools To Collect And Use Data On Adolescent Risky Behaviors, Rebecca H. Donham, Shari Kessel Schneider

The Foundation Review

In 2005, the MetroWest Health Foundation launched a 10-year initiative to conduct the federal Centers for Disease Control and Prevention’s Youth Risk Behavior Survey biennially with every high school and middle school student in the foundation’s 25-town region. The survey asks students about substance use, violence, sexual behaviors, mental health, and nutrition.

In the first year of the initiative, about two-thirds of public high schools and half of the middle schools in the region participated. By 2012, every public high school and middle school participated. Encompassing some 40,000 students, the survey is considered to be one of largest, if not …

Giving Circles In Asia: Newcomers To The Asian Philanthropy Landscape, Robert John

The Foundation Review

Amid the rapid development of philanthropy across Asia, over the past 10 years a number of giving circles have appeared in the region.

This form of philanthropy, where individuals pool resources and provide grants to nonprofit organizations in their community, is well known and studied in the U.S. This article examines the phenomenon in Asia, and finds giving circles there to be either indigenous or based on models transplanted from the United States or Europe.

While ancient traditions of charitable giving have existed for centuries in Asia, the concept of organized philanthropy in order to effect specific societal benefit is …

Back Matter

The Foundation Review

No abstract provided.

Acknowledgements/Image Credits, Molly Lynde-Recchia

Transference

No abstract provided.

‘Resurrecting Harry Clarke’: Breathing Life Into Stained Glass Tourism In Ireland, Tony Kiely

International Journal of Religious Tourism and Pilgrimage

Internationally, the exponential demand for ‘cultural/heritage’ tourism is increasingly being viewed by tourism stakeholders as an opportunity for value adding revenue generation, wherein both specialist and ‘media programmed’ tourists can seek out designated cultural attractions to satisfy their respective quests for authentic, and/or emotionally charged experiences. Indeed, this international ‘demand’ re-alignment is exemplified in the growth of churches and cathedrals who openly promote their artistic content as ‘must see attractions’. However, despite such utilitarian attractiveness, one wonders if the counter-influences of indifference, protectionism, or fear of heritage commodification, might act to scupper an opportunity to re-envision Harry Clarke’s iconic stained …

A Cross-Cultural Comparison Of Weekend–Trips In Religious Tourism: Insights From Two Cultures, Two Countries (India And Italy), Kiran A. Shinde, Katia Rizello

International Journal of Religious Tourism and Pilgrimage

This paper explains peculiarities, significance, and universality of weekend-trips as significant form of religious tourism using a comparative analysis of this phenomenon in two pilgrimage sites from two different cultures (and countries), namely, Vrindavan in India and the Shrine of Santimissi Medici in Italy. The findings derived from a case-study approach and visitors’ survey method confirm that religious tourism falls under the more general category of leisure and that visitors who flock to these places on weekends do not coincide either with general models proposed in the extant literature, nor can they be assimilated to the conventional categories of pilgrims …

The Museumification Of Rumi’S Tomb: Deconstructing Sacred Space At The Mevlana Museum, Rose Aslan

International Journal of Religious Tourism and Pilgrimage

Tourists and pilgrims from across Turkey and around the world flock to the tomb of Jalal al-Din Rumi (d. 1273), one of the greatest poets and Sufi masters in Islam. Since 1925, the Turkish government has relentlessly struggled to control Islamic influences in society and to channel people’s devotion to the memory of Kemal Ataturk (d. 1938) and his secular ideology. This article argues that by restructuring the layout and presentation of the tomb complex of Rumi, and putting the sacred space through the process of museumification, the Turkish state has attempted to regulate the place in order to control …

Gross Domestic Product (Gdp) Rebasing And The Impact On Nigeria's Investment Environment, Bismark J. Rewane

Bullion

The paper looks at the impact of the rebasing on an important economic variable - investment. This is because investment is necessary for capital accumulation and economic growth. Specifically, this study examines the impact of GDP rebasing on Nigeria's investment environment. ln addition to this introduction section, section 2 considers GDP rebasing and the Nigerian case, section 3 is on the Nigerian Financial System Strategy (FSS) 2020, section 4 is on investment types, drivers and the Nigerian environment, section 5 offers some lessons for Nigeria and section 6 is the summary and conclusion.

Issues In Central Bank Communication, Williams D. Kareem

Bullion

This article examines salient issues in communication which is a key aspect of Central Banking. Although, the value of communication has been hitherto ignored, it has become evident over time that, for a central bank to succeed in achieving its set objectives and mandates, it must put in place effective and efficient mechanisms needed in crafting, and disseminating information about its policies. The ability of the central banks to identify their stakeholders and address their unique communication needs will enable them to earn the trust of their stakeholders and portray them as transparent and accountable entities.

Financial System Stability And The Payment System., Olubukola Akinniyi Akinwunmi

Bullion

This article reviews the relationship between payments system and financial stability. lt explores the risks within the payments system and how they impact on financial system stability. Emerging issues in the payments system were highlighted and implications for the financial system stability were examined. The article also proposes sets of payments system indicators that may be adopted within the financial system stability analysis and policy making.

Gdp Rebasing And Implications For Fss 2020., Oluwatoyin Jokosenumi

Bullion

A resilient economy founded upon a reliable financial system, is attainable upon the creation and management of a sound and progressive economic statistics and indicators such as the Gross Domestic Products (GDP) and other scholars’ parameters. This paper examines the GDP rebasing and its impact on Nigeria’s investment. The paper explains the concept of GDP; the need to maintain a strategic GDP; how it is computed and / or rebased. This is then followed by examining its implications, on all economic programs.

Basic And Computation Of Rebased Gross Domestic Product (Gdp) Nigeria's Experience, Emeka Godwin Ofili

Bullion

The paper looks at the basic concepts in GDP compilation and the computational processes for the rebased GDP. The paper is structured into four sections. The first section deals with the introduction while section two explains some basic concepts and mathematics for GDP compilation. Section three takes a look at the GDP Rebasing while section four deals with the Recent Development from the rebasing exercise.

Rethinking Sovereign Wealth Fund In A Global Perspective - Lessons For Nigeria, Muhammad A. Abba

Bullion

The study explores the the global rise in the operation of sovereign wealth funds in a number of commodity and non commodity exporting counties has been of tremendous magnitude. The fact that, most, if not all the oil exporting countries of the world today have SWF clearly confirms the many benefits of having a sovereign wealth fund. Section two of the paper provides a brief review of literature. Section three discusses the rationale for SWFs with some stylized facts. The impact of SWFs on the economy is discussed in section four, section five discusses the significance of SWFs while, an …

A Study Of Technical Efficiency Of Deposit Money Banks In Nigeria (2007 - 2012), Auwalu I. Fagge

Bullion

This paper examines the technical efficiency of deposit money banks (DMBS') in Nigeria. Measures of technical efficiency are derived in the Nigerian deposit money banks (DMBS') by implementing non-parametric, data envelopment analysis technique on a cross section of 24 banks taken from 2007 to 2013. The efficiency concepts, measurement and methodology were discussed. The existence of technical efficiency is established. The result suggests that the sources of overall technical inefficiency, the observed issues are due to poor input utilization (managerial inefficiency) and failure to operate almost productive scale size. Therefore, in this research the paper suggests or considers some important …

Nexus Of Exchange Rate Deregulation And Agricultural Share Of Gross Domestic Product In Nigeria, Oyakhilomen Oyinbo, Falola Abraham, Grace Z. Rekwot

CBN Journal of Applied Statistics (JAS)

The kernel of this study was to examine the causal relationship between exchange rate deregulation and the agricultural share of gross domestic product in Nigeria from an econometric perspective using time series data spanning a period of 26 years (1986 – 2011). Data on exchange rate and gross domestic product were analysed using augmented dickey fuller unit root test, unrestricted vector autoregression, pairwise granger causality and vector error correction model. The results showed the existence of unidirectional causality from exchange rate to agricultural share of gross domestic production and also, exchange rate deregulation had negative influence on agricultural share of …

Forecasting Nigerian Stock Market Returns Using Arima And Artificial Neural Network Models, Godknows M. Isenah, Olusanya E. Olubusoye

CBN Journal of Applied Statistics (JAS)

The study reports empirical evidence that artificial neural network based models are applicable to forecasting of stock market returns. The Nigerian stock market logarithmic returns time series was tested for the presence of memory using the Hurst coefficient before the models were trained. The test showed that the logarithmic returns process is not a random walk and that the Nigerian stock market is not efficient. Two artificial neural network based models were developed in the study. These networks are TECH (4-3-1) and TECH (3-3-1)whose out-of-sample forecast performance was compared with a baseline ARIMA (3,0,1) model. The results obtained in the …

Relationship Between Money Supply And Government Revenues In Nigeria, Yakubu Musa, Umar Usman, Aminu B. Zoramawa

CBN Journal of Applied Statistics (JAS)

The insights on the long run relationship amongst money supply and government revenues are of significant importance for monetary-fiscal policy formulation in a developing country like Nigeria. Taking into account the vital importance of these two variables, we empirically analyzed the long-run relationships and dynamic interactions between the money supply (broad money M2) and government revenues in Nigeria using an Autoregressive Distributed Lag (ARDL) bounds testing approach. The study spans the period 1970 to 2010. From the results, it is evident that there is the existence of a long run relationship between money supply and revenues when money supply is …

Cointegration Analysis Of Public Expenditure On Tertiary Education And Economic Growth In Nigeria, Japheth T. Torruam, Moses A. Chiawa, Cyprian C. Abur

CBN Journal of Applied Statistics (JAS)

The paper investigates the Impact of public expenditure on tertiary education and economic growth in Nigeria using time series data for the period 1990- 2011.The econometric methodology employed was cointegration and error correction technique. The study concludes that public expenditure on tertiary education has positive impact on economic growth in Nigeria. The study recommended that government and private sectors should partner by mobilizing resources to furnish tertiary institutions and equip them with adequate facilities in order to enhance tertiary education development for sustainable economic growth.

The Balance Sheet Channel Of Monetary Policy Transmission: Evidence From Nigeria, Olorunsola E. Olowofeso, Abiodun S. Bada, Kufre J. Bassey, Kumafan S. Dzaan

CBN Journal of Applied Statistics (JAS)

This paper assesses the existence of a balance sheet channel of monetary policy transmission in Nigeria by examining whether variation in the official interest rate, with respect to the 2007- 2008 global financial crisis, feeds through to the deposit money banks (DMBs) balance sheets, and ultimately reflects in output and prices. Using quarterly macroeconomic data and stock from 2002 to 2012, the study employs an ordinary least squares (OLS) and autoregressive (VAR) framework to investigate the linkages between policy, DMB balance sheet, output and price. The results reveal the existence of a balance sheet channel in Nigeria with a significant …

Testing Volatility In Nigeria Stock Market Using Garch Models, Ngozi V. Atoi

CBN Journal of Applied Statistics (JAS)

The contributions of error distributions have been ignored while modeling stock market volatility in Nigeria and studies have shown that the application of appropriate error distribution in volatility model enhances efficiency of the model. Using Nigeria All Share Index from January 2, 2008 to February 11, 2013, this study estimates first order symmetric and asymmetric volatility models each in Normal, Student’s-t and generalized error distributions with the view to selecting the best forecasting volatility model with the most appropriate error distribution. The results suggest the presence of leverage effect meaning that volatility responds more to bad news than it does …

Determinants Of Economic Growth In Nigeria, Kazeem B. Ajide

CBN Journal of Applied Statistics (JAS)

This paper investigates the role of Frazer Economic Freedom Index on FDI-growth relationship over the period spanning 1980 through 2010 using annual time series data. A Multivariate Regression approach was employed to estimate augmented growth models. Quite intriguingly, the impact of disaggregated economic freedom over aggregated composite index was found profoundly revealing. Emanated results show that the same set of variables like labour, life expectancy, degree of openness and economic freedom are factors affecting the level of economic growth in both but at different levels of significance. However, the estimates of disaggregated components of economic freedom data show that the …

A Closer Look At The Impact Of Quantitative Easing On The Capital Markets: Garch Analysis Of The Exchange Traded Funds Market, Nicholas R. Duafala

Undergraduate Economic Review

This paper analyzes the effects of quantitative easing (QE) on the capital markets by modeling exchange traded funds (ETFs) returns using a generalized autoregressive conditional heteroskedasticity (GARCH) methodology. The results show that the 10-Year Treasury yields are significant in the returns of some sectors of the economy more so than others, and the Federal Funds Futures trading volume is significant in all ETFs return volatility. The implications of these results not only provide information about the reaction of the ETF market and QE, but also provide insight for developing investment strategies.