Development Studies Commons^™

Contributions Of Financial Sector Reforms And Credit Supply To Nigerian Agricultural Sector (1978-2009), Anthony O. Onoja, M. E. Onu, S. Ajodo-Ohiemi

CBN Journal of Applied Statistics (JAS)

This study analyzed the trends and pattern of institutional credit supply to agriculture during pre- and post-financial reforms along with their determinants. It then compared the effects of reform policies on access to institutional credits in Nigerian agricultural sector before and after the reforms (1978 - 1985; and 1986 -2009). Relying mainly on time series data from CBN and NBS, it used ordinary least squares method (linear, semi-log and double log) to model the determinants of banking sector lending to the agricultural sector during the review period. The models were subjected to several econometric tests before accepting one. Chow test …

Determinants Of Foreign Reserves In Nigeria: An Autoregressive Distributed Lag Approach, David Irefin, Baba N. Yaaba

CBN Journal of Applied Statistics (JAS)

On global scale, central banks’ holdings of foreign reserves have escalated sharply in recent years. World international reserves holdings have risen significantly from US$1.2 trillion in 1995 to nearly US$10.0 trillion in June 2011. Dominant among these reserves are concentrated in the hands of few countries. Ten major holders of foreign reserves are mostly from Asia. Oil exporting countries in Africa and the Middle East are not left out in this trend. Nigeria’s foreign reserves rose from US$5.5 billion in 1999 to US$62.40 billion in July 2008, making Nigeria the twenty-fourth largest reserves holder in the world. This pace of …

Effects Of Exchange Rate Movements On Economic Growth In Nigeria, Eme O. Akpan, Johnson A. Atan

CBN Journal of Applied Statistics (JAS)

This study investigates the effect of exchange rate movements on real output growth in Nigeria. Based on quarterly series for the period 1986 to 2010, the paper examines the possible direct and indirect relationship between exchange rates and GDP growth. The relationship is derived in two ways using a simultaneous equations model within a fully specified (but small) macroeconomic model. A Generalised Method of Moments (GMM) technique was explored. The estimation results suggest that there is no evidence of a strong direct relationship between changes in exchange rate and output growth. Rather, Nigeria’s economic growth has been directly affected by …

Exchange Rate Volatility In Nigeria: Consistency, Persistency & Severity Analyses, Babatunde Adeoye, Akinwande A. Atanda

CBN Journal of Applied Statistics (JAS)

The adoption of the International Monetary Fund (IMF) Structural Adjustment Programme (SAP) in 1986 resulted in the transition from fixed exchange rate regime to floating exchange rate regime in Nigeria. Ever since, the exchange rate of naira vis-à-vis the U.S dollar has attained varying rates all through different time horizons. On this basis, this study examines the consistency, persistency, and severity (degree) of volatility in exchange rate of Nigerian currency (naira) vis-a-vis the United State dollar using monthly time series data from 1986 to 2008. The standard Purchasing Power Parity (PPP) model was used to analyze the long-run consistency of …

Foreign Private Investment And Economic Growth In Nigeria: A Cointegrated Var And Granger Causality Analysis, F. Z. Abdullahi, S. Ladan, Haruna R. Bakari

CBN Journal of Applied Statistics (JAS)

This research uses a cointegration VAR model to study the contemporaneous long-run dynamics of the impact of Foreign Private Investment (FPI), Interest Rate (INR) and Inflation rate (IFR) on Growth Domestic Products (GDP) in Nigeria for the period January 1970 to December 2009. The Unit Root Test suggests that all the variables are integrated of order 1. The VAR model was appropriately identified using AIC information criteria and the VECM model has exactly one cointegration relation. The study further investigates the causal relationship using the Granger causality analysis of VECM which indicates a uni-directional causality relationship between GDP and FDI …

Banking Sector Credit And Economic Growth In Nigeria: An Empirical Investigation, Aniekan O. Akpansung, Sikiru J. Babalola

CBN Journal of Applied Statistics (JAS)

The paper examines the relationship between banking sector credit and economic growth in Nigeria over the period 1970-2008. The causal links between the pairs of variables of interest were established using Granger causality test while a Two-Stage Least Squares (TSLS) estimation technique was used for the regression models. The results of Granger causality test show evidence of unidirectional causal relationship from GDP to private sector credit (PSC) and from industrial production index (IND) to GDP. Estimated regression models indicate that private sector credit impacts positively on economic growth over the period of coverage in this study. However, lending (interest) rate …

Neither The Washington Nor Beijing Consensus: Developmental Models To Fit African Realities And Cultures, Sanusi L. Sanusi

CBN Journal of Applied Statistics (JAS)

No abstract provided.

Banking Reform And Its Impact On The Nigerian Economy, Sanusi L. Sanusi

CBN Journal of Applied Statistics (JAS)

No abstract provided.

From Boom To Doom To Boom: Offshore Financial Centres And Development In Small States, Richard Woodward

Articles

During the 1990s tax havens and offshore financial centres (OFCs) were subject to a string of initiatives designed to raise their tax and regulatory regimes to accepted international standards. Many commentators forecast that this would lead to the demise of OFCs, a worry for the many small states whose economic well being depended heavily on the provision of offshore financial services. Despite this regulatory onslaught many small state OFCs have prospered in the new millennium. This paper seeks to explain this apparent paradox by arguing that (1) international initiatives were riddled with loopholes and exceptions that have been gleefully seized …

Book Review Of: Development Policy Sans The Politics Of Development: A Review Of S.N.H Naqvi: The Evolution Of Development Policy, Javed A. Ansari

Business Review

No abstract provided.

Pengantar Redaksi, Fransisca Sse Seda

Masyarakat: Jurnal Sosiologi

No abstract provided.

Book Review: "How Latin America Saved The Soul Of The Catholic Church" (Cleary, 2009), Jayeel Cornelio

Development Studies Faculty Publications

No abstract provided.

Microfinance And Poverty Alleviation: A Case Study Of Al-Darb Al-Ahmar District In Cairo, Egypt, Noran Mohammed Farag

Theses and Dissertations

This thesis tests whether microcredit offered by MFIs succeeded, from the perspectives of beneficiaries, in reducing the poverty of borrowers in poor areas in Cairo using the example of First Microfinance as a case study. The data was gathered using a tailored questionnaire on a sample of 151 beneficiaries. A linear regression model is used with the dependent variable as the difference in wealth indices before and after acquiring the loan and a set of independent variables. Microfinance showed a positive effect on poverty reduction but with a small magnitude. The results show that the lack of training provided to …

Dinamika Politik Ekonomi Dalam Masalah-Masalah Lingkungan, Fransisca Sse Seda

Masyarakat: Jurnal Sosiologi

No abstract provided.

Is Touch Beyond Infancy Important For Children’S Mental Health?, Melody Whiddon, Marilyn J. Montgomery

Faculty Publications - Graduate School of Counseling

Numerous studies from various fields have established that touch is vital to healthy adjustment during infancy and also during old age. Physiological research emphasizes the importance of touch to physical and psychological systems (Field, 2003). Attachment research emphasizes the importance of touch in the sensitive responsiveness and availability characteristic of the secure attachment style (Kassow & Dunst, 2004). Behavioral research emphasize the importance of contingent touch in reinforcement of infant behavior (Gewirtz & Pelaez- Nogueras, 2000). Recently, attention has been given to research examining touch in medical situations for elderly populations.

Theoretically, touch should remain important throughout the lifespan, but …

"Is The Concept Of A Green Economy A Useful Way Of Framing Policy Discussions And Policymaking To Promote Sustainable Development?", Sheng Fulai, Gary Flomenhoft, Timothy Downs, Maángeles Grande-Ortiz, Dana Graef, Bert Scholtens, Arthur P.J. Mol, David Sonnenfeld, Gert Spaargaren, Rajeev Goel, Edward W.T. Hsieh, Serban Scrieciu, Reinhard Steurer, Christine Polzin, Genia Kostka, Tiho Ancev, Elke Pirgmaier, Frank Boons, Karl Henrik Robèrt, Christopher Bryant, Ke Zhou, Surya Raj Acharya, David Huberman, Denis Sonwa, Michelle Mycoo, Dabo Guan, Klaus Hubacek, U. Rashid Sumaila, Hector Lopez-Ruiz, G. Jason Jolley, Michael Dougherty, André Francisco Pilon, Ravi Prakash

Sustainability and Social Justice

In this article, the authors discuss the use of green economy to promote sustainable development. Research and Partnerships Unit Head Sheng Fulai states that sustainable development is composed of economic, social and environmental development. Furthermore, it features Research and Partnerships associate Gary Flomenhoft who believes that green economy is useful when it deals with factors such as distribution of wealth and throughput of materials and energy.