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2015

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Full-Text Articles in Social and Behavioral Sciences

Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto Dec 2015

Determinants Of Firm Innovation In Indonesia: The Role Of Institutions And Access To Finance, Edo Mahendra, Ubaidillah Zuhdi, Ratnawati Muyanto

Economics and Finance in Indonesia

This paper investigates the determinants of firm innovation in Indonesia. Using quality of local regulations index constructed by the Indonesia's Regional Autonomy Watch (KPPOD) as measure of institutions, We found that better institutional quality at the local level was associated with more innovation and that firms experiencing major obstacle in access to finance were less likely to innovate. Access to finance is more critical for small and medium enterprises (SMEs) whereas institutional quality is more important for large firms. The positive impact of better institutions on innovation is asymmetrically distributed. Better local institutional quality disproportionately benefited non-constrained firms.


Unequal Impact Of Price Changes In Indonesia, Ruly Pratikno, Mohamad Ikhsan Dec 2015

Unequal Impact Of Price Changes In Indonesia, Ruly Pratikno, Mohamad Ikhsan

Economics and Finance in Indonesia

The main idea of this study is to determine the impact of relative inflation on poverty incidents and to investigate whether inflation inequality has occurred in Indonesia. Interesting results were found at regional level. Firstly, Jakarta had different poverty response with respect to price increases. Processed food and transportation inflation were more imperative for the poor in Jakarta. Secondly, the poor in province with low poverty figures were more prone to inflation. In general, the results show that food inflation has the major adverse impact on the poor. Moreover, we found that inflation in Indonesia has not been pro-poor.


Oil Exploration Economics: Empirical Evidence From Indonesian Geological Basins, Hari Patria, Vid Adrison Dec 2015

Oil Exploration Economics: Empirical Evidence From Indonesian Geological Basins, Hari Patria, Vid Adrison

Economics and Finance in Indonesia

Oil exploration has been subject to economic research for decades. Earlier studies of exploration models are mostly discussed the behavior of exploration at the macro-level analysis such as field, firm, region, and continental. This paper then focuses on the geological and economic factors that determine the well-drilling decision at the micro-level using disaggregated panel data of 32 geological basins in Indonesia over the period of 2004-2013. This study shows that the number of drilled wells is determined significantly by the lag of success rate, lag of discovery size, lag of global oil price, and regional location of geological basin.


Managing Productivity In The Infrastructure Sector: A Case Study From Indonesia, Eric R. W. Knight Dec 2015

Managing Productivity In The Infrastructure Sector: A Case Study From Indonesia, Eric R. W. Knight

Economics and Finance in Indonesia

This paper considers the nature of assessing productivity and effectiveness in infrastructure investment in the context of governments increasing investment in new infrastructure. Taking the case of energy infrastructure investment within Indonesia, this paper makes three contributions: (i) develops a model for assessing infrastructure productivity based on landscape, regime and niche-level changes, (ii) suggests the interconnection between these levels based on sequencing multi-level changes over time, and (iii) shows the role of supply and demand side initiatives in enabling new infrastructure investment is evaluated.


Fish Landings At The World’S Commercial Fishing Ports, Tim Huntington, Fiona Nimmo, Graeme Macfadyen Dec 2015

Fish Landings At The World’S Commercial Fishing Ports, Tim Huntington, Fiona Nimmo, Graeme Macfadyen

Journal of Ocean and Coastal Economics

In 2009, the United Nations Food and Agriculture Organization (FAO) adopted the Agreement on Port State Measures to Prevent, Deter and Eliminate Illegal, Unreported and Unregulated (IUU) fishing (PSMA). Countries that ratify the treaty commit to exert greater control at ports over foreign-flagged vessels to detect IUU catch before it is offloaded from vessels, and prevent the ill-gotten catch from entering the world’s markets. The PSMA, when effectively implemented globally, will be a major deterrent to IUU fishing. A major challenge to selecting ports for enhanced controls has been the lack of data on which ports are the world’s largest …


Partners Diversification And Exposure Of African Countries To International Crises: The Case Of Kenya, Giscard Assoumou Ella Dec 2015

Partners Diversification And Exposure Of African Countries To International Crises: The Case Of Kenya, Giscard Assoumou Ella

International Journal of African Development

The objective of this paper is to characterize the exposure of Kenyan's income to international income, monetary and price shocks. The results suggest that the partners’ diversification permits them to resist to international shocks. In fact, Chinese conjuncture tends to be less exposed to OECD countries' income and inflation shocks. Also, income in this country more depends on domestic investment and household consumption, in comparison to the exposure to OECD country shocks. In this context, we observe that the exposure of Kenyan income to OECD shocks regresses when the dependence to Chinese conjuncture progresses.


Examining Human Capital Capacity’S Influence On Human Development And Poverty Reduction In Sub-Saharan Africa, Theodore J. Davis Jr. Dec 2015

Examining Human Capital Capacity’S Influence On Human Development And Poverty Reduction In Sub-Saharan Africa, Theodore J. Davis Jr.

International Journal of African Development

The aim of this paper is to examine and expand our focus on human capital capacity building as a foundation for poverty reduction in Sub-Saharan Africa. The data showed significant differences in the human capital capacity building characteristics as measured by demographic, education and gender equality characteristics. In analyzing select human capital capacity building markers, the findings suggest that the educational indicators were among the strongest in explaining the variation in human development in Sub-Saharan Africa. The findings showed that gender inequality was a serious inhibitor of human development in Sub-Saharan Africa. Overall, the Sub-Saharan nations with the lowest level …


Deindustrialization In Africa, Richard Grabowski Dec 2015

Deindustrialization In Africa, Richard Grabowski

International Journal of African Development

Economic growth in Sub-Saharan Africa has been characterized by deindustrialization. Conventional economists argue that this is due to a bad environment for business decision making. This paper provides a classical explanation for deindustrialization, the failure to solve the food problem. That is, food staple prices have risen rapidly resulting in labor becoming costly, although physically abundant. This has prevented the evolution of a comparative advantage in labor intensive manufacturing. Structural change is an important element of the process of economic development, especially in the early stages. Productivity grows by shifting labor out of agriculture where productivity is low, and into …


Does Farmer Field School Training Improve Technical Efficiency? Evidence From Smallholder Maize Farmers In Oromia, Ethiopia, Admassu Tesso, Workneh Negatu, Sisay Asefa, Adugna Lemi, Bamlaku Alemirew Dec 2015

Does Farmer Field School Training Improve Technical Efficiency? Evidence From Smallholder Maize Farmers In Oromia, Ethiopia, Admassu Tesso, Workneh Negatu, Sisay Asefa, Adugna Lemi, Bamlaku Alemirew

International Journal of African Development

This study carries out the impact evaluation of Farmer Field School (FFS) training program on the technical efficiency of smallholder farmers. The FFS program was sponsored by the Ethiopian government and launched in 2010 to scale-up best agricultural practices in the country. The study aims to compare changes in the technical efficiency of those FFS graduate and non-FFS graduate maize producing farmers in Ethiopia, Oromia. For this, panel data were collected in two rounds from 446 randomly selected households from three districts consisting of 218 FFS graduate farmers and 228 non-FFS graduate farmers. The analytical procedure has involved three stages: …


Inflation, External Market Performance And Government Policy: An Empirical Investigation Using Var-Vecm Approach In The Context Of Ethiopia, Nardos M. Beyene Dec 2015

Inflation, External Market Performance And Government Policy: An Empirical Investigation Using Var-Vecm Approach In The Context Of Ethiopia, Nardos M. Beyene

International Journal of African Development

This study aims at determining the effectiveness of demand management policies in stabilizing the macroeconomic environment of Ethiopian economy. Inflation and Balance of Payments are used as the two indicators of stability. The researcher made use of Co-integrated VAR approach and estimates inflation and balance of payments equations. All together the researcher used data for the period 1976-2011. The findings of the study imply the existence of two-way relationship between inflation and balance of payments. Excess balance of payment surplus leads to inflationary pressures in the economy while inflation booming deteriorates the country’s external balance.


International Journal Of African Development, Vol. 3, Issue 1 Dec 2015

International Journal Of African Development, Vol. 3, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 1 - Fall 2015.


Keynote Address On Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Central Bank Of Nigeria Executive Seminar, G.I. Emefiele Dec 2015

Keynote Address On Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Central Bank Of Nigeria Executive Seminar, G.I. Emefiele

Economic and Financial Review

This is a keynote address delivered by the Governor of Central Bank of Nigeria at the 2016 executive seminar with the theme "financing government programmes in economic downturn - the role of central bank of Nigeria


Special Remarks: Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Annual Executive Seminar, S.O. Alade Dec 2015

Special Remarks: Financing Government Programmes In Economic Downturn -The Role Of Central Bank Of Nigeria? Delivered At The 2016 Annual Executive Seminar, S.O. Alade

Economic and Financial Review

This is the special remarks delivered by the Deputy Governor (Economic Policy) during the 2016 executive seminar, "financing government programmes in economic downturn- the role of central bank of Nigeria.


Financing Government Programmes In Economic Downturn: Theoretical Issues And Perspectives, A. H. Ekpo Dec 2015

Financing Government Programmes In Economic Downturn: Theoretical Issues And Perspectives, A. H. Ekpo

Economic and Financial Review

The purpose of this paper is to articulate the theoretical issues and perspectives which underscore the need for caution in financing government programmes whether in the recurrent outlay or capital programmes as individual financing modes have built in costs and risks that could inhibit the realisation of government objectives.


Financing Government Deficit During Economic Downturn: Options For Consideration, O. Ajakaiye Dec 2015

Financing Government Deficit During Economic Downturn: Options For Consideration, O. Ajakaiye

Economic and Financial Review

The author examines the efficacy of the conventional approach to financing budget deficit during economic downturn in Nigeria. He also considers other (unconventional) options for financing budget deficits during economic downturn in Nigeria.


The Role Of Central Banks During Economic Downturn: Lessons And Options For Financing Government Programmes In Nigeria, C.N.O. Mordi Dec 2015

The Role Of Central Banks During Economic Downturn: Lessons And Options For Financing Government Programmes In Nigeria, C.N.O. Mordi

Economic and Financial Review

The author examine both the traditional and developmental roles central banks plays in financing government programmes/projects.


Financing Government Programmes In Economic Downturn: Policy Options, F.U. Jacobs Dec 2015

Financing Government Programmes In Economic Downturn: Policy Options, F.U. Jacobs

Economic and Financial Review

This author examines the various policy options for the manufacturing sector of the economy in an economic downturn.


Financng Government Programmes During Economic Downturn: Policy Options, E.M. Abolo Dec 2015

Financng Government Programmes During Economic Downturn: Policy Options, E.M. Abolo

Economic and Financial Review

The author discussed various policy options that can be adopted to finance government programmes during economic downturn. He explained in details the concept as it affects the economic growth and development.


Governments' Options For Financing The Sustainable Development Goals (Sdgs) In A Period Of Economic Downturn, Robert C. Asogwa Dec 2015

Governments' Options For Financing The Sustainable Development Goals (Sdgs) In A Period Of Economic Downturn, Robert C. Asogwa

Economic and Financial Review

The paper reviews the strategies for strengthening the existing sources of traditional finance in Nigeria and also, introduces new sources of innovative finance that will be suitable for funding government development programmes, as well as, the SDGs Agenda 2030. Furthermore, the possible role of the central bank vis a-vis the government fiscal authorities in the management of some sophisticated financial instruments which is increasingly gaining momentum as part of innovative development finance is discussed.


Financing Government Programmes In Economic Downturn: A Comparative Analysis, T. Oshikoya Dec 2015

Financing Government Programmes In Economic Downturn: A Comparative Analysis, T. Oshikoya

Economic and Financial Review

This paper examines the experience of Nigeria and other oil exporting countries in adjusting to lower oil prices and financing government programmes during economic downturn.


Non-Oil Exports, Economic Growth And Macroeconomic Stability, T.A. Oyejide Dec 2015

Non-Oil Exports, Economic Growth And Macroeconomic Stability, T.A. Oyejide

Economic and Financial Review

The author discussed the role of non-oil exports in the structural transformation and sectoral diversification processes which are inherently associated with sustainable growth and development outcomes as well as the focus of the analysis shifts to an examination of the role of non-oil exports in promoting economic growth and development.


Financial Soundness Indicators: The Case Of Nigeria, Baba N. Yaaba, Idris Adamu Dec 2015

Financial Soundness Indicators: The Case Of Nigeria, Baba N. Yaaba, Idris Adamu

Bullion

This paper adopted the concept as designed by the Fund to examine the soundness of the Nigeria Banking Sector from 3007Q1 to 20014Q4. From the result of the financial Soundness Indicators (FSIs) complied for Nigeria, it is obvious that the indicators can serve as reliable and consistent tools, capable of detecting vulnerabilities in the system. The study, therefore, recommends that adequate attention be paid to the indicators by the Central Bank. The Bank is urged to strive to gain full understanding of the concept as well as design additional framework for using the indicators so as to enable her take …


Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike Dec 2015

Inclusive Growth And Poverty Reduction In Nigeria, Uche M. Ozughalu, Fidelis O. Ogwumike

Bullion

This study shows that Nigeria has not experienced inclusive growth over the years, using relevant national and global data. The country has experienced pervasive poverty, high rate of unemployment and high level of income/wealth inequality despite impressive economic growth rates over the years. The study also highlights the major factors that could be responsible for the non-inclusive growth in Nigeria; these factors include poor performance of the manufacturing sector, weak knowledge base, poor human capacity development and low level of global competitiveness. The study uses tabular presentations and verbal constructs in its analysis. The government and policy makers in Nigeria …


Mortgage Refinancing In Nigeria: Prospects And Challenges, Kama Ukpai, Phebian N. Bewaji, Adigun Mustapha, Olufemi Adetunji Edun, Olubukola Adegbe, Josiah Dassah Dec 2015

Mortgage Refinancing In Nigeria: Prospects And Challenges, Kama Ukpai, Phebian N. Bewaji, Adigun Mustapha, Olufemi Adetunji Edun, Olubukola Adegbe, Josiah Dassah

Bullion

The paper examines the mortgage (re)finance market in Nigeria with a view to identifying its prospects and challenges. The method adopted included a review of jurisdictional experiences on mortgage refinance and thereafter draw on some lessons of experience as the Nigeria case is considered as a country in transition. Further discussions centered on the challenges of financialization of mortgages, mortgage affordability, low awareness of mortgage refinancing, macroprudential risks and moral hazard that confronts mortgage refinance in the country. The paper, further, provides considerations with regard to value-reorientation, institutional, regulatory and legal infrastructures as prerequisites for successful mortgage refinance system.


Nigeria's Monetary Survey: 2001-2014, Phebian N. Bewaji, Chioma P. Nwosu Dec 2015

Nigeria's Monetary Survey: 2001-2014, Phebian N. Bewaji, Chioma P. Nwosu

Bullion

The paper showed that Nigeria's monetary survey is a useful tool in the analysis of monetary development and its linkages with key sectors of the economy. It conveys a useful insight on the evolution of the payment system and money holding behavior. Findings indicated that Nigeria's broad money aggregate was largely determined by external factor, pre-2007 global financial crisis, while domestic factors had significant implications for monetary management post-2007.


Shadow Banking Services And Its Implications For The Nigerian Economy, Jibrin Yakubu, Joseph Achua Dec 2015

Shadow Banking Services And Its Implications For The Nigerian Economy, Jibrin Yakubu, Joseph Achua

Bullion

This paper reviews some conceptual and theoretical issues as well as considers the implications of shadow banking services in the Nigerian economy. lt defines shadow 3banking services as 'a system of credit intermediation that involves entities and activities outside Central Bank of Nigeria's regulatory capture'. The paper noted that Nigeria is yet to make significant policy impact on shadow banking in spite of its inherent systemic risk and regulatory arbitrage concerns on the economy. ln addition, there is neither data collection nor information management frameworks to measure its size, performance and impact on the economy. The paper therefore, recommends the …


Groundings Volume Two, Issue Two Nov 2015

Groundings Volume Two, Issue Two

Groundings

This is the full issue of Groundings Vol. 2, Iss. 2. It includes a wrap of both the 12th Annual Walter Rodney Symposium and the 3rd Annual Walter Rodney Speakers Series; a piece by Jesus Chucho Garcia that honors the late Norman Girvan; the official Save the Date for the 13th Annual Walter Rodney Symposium; information on the republication of The Groundings with My Brothers; a photo-narrative by Julian Plowden on the student protests at the Atlanta CNN Center; we then have 3 pieces surrounding the Walter Rodney Commission of Inquiry by Wazir Mohamed, Anne Braithwaite, and Rohit Kanhai, …


The Social Relations Of Consumption: Corporate Law And The Meaning Of Consumer Culture, David G. Yosifon Nov 2015

The Social Relations Of Consumption: Corporate Law And The Meaning Of Consumer Culture, David G. Yosifon

BYU Law Review

A mature assessment of the society we are making for ourselves, and the legacy we are leaving to the future, must come to terms with consumer culture. Theoretical discourse, as well as common experience, betray persistent ambiguity about what consumerism means to and says about us. In this Article, I argue that this ambiguity can in part be explained by examining the social relations of consumption in contemporary society. These involve, crucially, the relationship between producer and consumer that is dictated by corporate governance law, and embodied in the decision-making dynamics of the directors who command corporate operations. The enigmatic …


Art Education In My Backyard: Creative Placemaking On An Urban Farm, Jodi Kushins Nov 2015

Art Education In My Backyard: Creative Placemaking On An Urban Farm, Jodi Kushins

Artizein: Arts and Teaching Journal

An art educator describes how she used her knowledge and experience of artistic and educational initiatives that forefront collective activity in real world settings to transform her backyard into an urban farm with the help of friends and neighbors. She combines an autoethnographic account of her experiences, including original photographs, with research on conceptual artists, participatory culture, and creative placemaking to position her work as participatory environmental art education. The paper is organized around the major steps one undertakes in planting a garden – siting, amending, seeding, tending, and harvesting - to draw parallels between the processes of maintaining a …


Accounting For Indirect Costs In Public Health Cost Analyses, Melanie D. Whittington, Adam Atherly, Lisa Vanraemdonck Nov 2015

Accounting For Indirect Costs In Public Health Cost Analyses, Melanie D. Whittington, Adam Atherly, Lisa Vanraemdonck

Frontiers in Public Health Services and Systems Research

Background. There is a gap in research regarding the resources needed to deliver public health activities, which inhibits informed decision making around investments in public health and the allocation of funds among activities. When conducting cost analyses in public health, it is important to include costs from all cost components, including personnel, non-personnel, and indirect costs. However, defining, identifying, and measuring indirect costs is challenging and can impede studies of this type. Purpose. The purpose of this pilot study is to create a catalog of the methodologies public health researchers have used to account for indirect costs. Methods. We surveyed …