Economics Commons^™

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2007, Central Bank Of Nigeria

CBN Annual Report

In 2007, the Central Bank of Nigeria (CBN) faced significant challenges in monetary management due to statutory allocations to government tiers, autonomous foreign exchange inflows, and pre-election spending. These challenges were addressed through Open Market Operations (OMO), issuance of treasury securities, standing facilities, and foreign exchange swaps. The introduction of the monetary policy rate (MPR) in December 2006 moderated inter-bank rates, encouraged trading, and improved the transmission of monetary policy actions. The Bank intensified its non-regular management activities to ensure the Policy Support Instrument (PSI) target was met. The financial system at end-2007 comprised the CBN, the Nigeria Deposit Insurance …

The Impact Of Distance And Service Quality On Port Selection Decisions Of Shippers From West African Landlocked Countries, Eyalon Fawie

World Maritime University Dissertations

No abstract provided.

Impact Of Privatization In Ports : Measuring Efficiency Through Data Envelopment Analysis And Key Performance Indicators, Nana E. Quansah

World Maritime University Dissertations

No abstract provided.

Trade Facilitation For Landlocked Developing Countries : A Case Study Of The Palestinian Economy, Ashraf Y. A. Abed

World Maritime University Dissertations

No abstract provided.

To Determine The Potential For Brunei Darussalam Maura Container Terminal To Serve As A Transhipment Hub For The Brunei, Indonesia, Malaysia And The Philippines East Asean Growth Area (Bimp-Eaga) Region, Helmi Haji Talib

World Maritime University Dissertations

No abstract provided.

Income Growth In U.S. States: Is It Pro-Poor?, Brandon Curtis

Master's Theses - Economics

While it is generally assumed that economic growth will have a positive effect the vast majority of the population, this claim is often left unchallenged. In particular, the effect of economic growth on the low-income segment of the population is not well understood. In particular, it is not clear if 1) the poor benefit from economic growth, and if so 2) what is the size of the benefit? A growing number of studies have been devoted to answering these questions. This field of study is commonly known as the pro-poor growth literature.

American Index Put Options Early Exercise Premium Estimation, Ako Doffou

WCBT Faculty Publications

"This paper examines empirically the value of early exercise by testing the ability of two American put valuation models to predict the early exercise premium for the S&P 100 American put options. An accuracy test and a quality test are performed on (1) the MacMillan (1986) & Barone-Adesi and Whaley (1987) model, and (2) the Carr, Jarrow and Myneni(1992) model. The test results show that early exercise premium is significant regardless of moneyness. Moreover, consistent with the theory, the value of early exercise is significantly negatively related to moneyness and interest rates and significantly positively related to time to maturity …

Life And Debt For Etsu Graduate Students., Laura Nelson

Electronic Theses and Dissertations

Through in-depth interviews with 21 participants, this thesis investigates how graduate students at East Tennessee State University feel about their finances. Although all adults, by necessity, have everyday money concerns, this study explores the unique experiences that post-baccalaureate students have with debt, how they talk about it, and what meanings they attach to student loans in their daily lives. This study is novel in that little research to date has examined how graduate students' perceptions of adulthood are connected to their financial situations and their stage in life. For example, saving money is important to this population mainly because it …

The Firm Size, Farm Size, And Transaction Costs: The Case Of Hazelnut Farms In Turkey, Ibrahim Demir

All Dissertations

ABSTRACT This study analyzes the determinants of the size of the hazelnut farms in Turkey within the framework of the theory of firm and transaction costs. This study argues that, for a farm production function, land is a complex input with many transaction cost-increasing interactions with nature. Natural effects, such as land slope and variation in the weather conditions, can increase transaction costs. Transaction costs are the costs of using the inputs necessary for production. This study utilizes two separate data sets in order to test if the predicted relationship between transaction costs and farm size holds. The first data …

Essays On Electricity Regulation And Restructuring, Earl Davis

All Dissertations

The study of the regulation of the electric power industry is important to understanding the role of the industry in the economic development of this country. These essays attempt to clarify the analysis and emphasize the salient features of regulation and the restructuring of the electric power industry and the organization of the firms that make up the industry.

Essays On Sports Economics, Octavian Vasilescu

All Dissertations

The common thread behind the three papers presented here is the use of sports data to test economics theories. The effect of wage inequality on team production is an important question in labor economics. Data from sports are well suited to study this problem, with more than ten published papers in the last decade.In the first paper we analyze the effect of wage inequality both on team performance and efficiency, using data from Major League Baseball and a stochastic frontier model with a translog production function. Most studies have examined the impact of inequality within a linear framework, and found …

Nuestros Niños: Child Care Needs Assessment For The Latino Population In Bloomington-Normal, Andrew Maxwell, Joseph Alustiza, Sean Moore, Mary Stephen, Sanjay Soman, Andrew Kasprzak, Brian Hillery, Kara Harvey, Michael Hotard, Rebecca Bliss, Brandon Curtis, Adrienne Martin, Bishal Kasu, Jessica Aleksy

Community Project Design and Management Reports - Sociology

Immigration from the Latin American nations has become a prominent topic of discussion nationwide. Illinois is, to be sure, not an exception. The Latino population of Bloomington-Normal has grown drastically in recent years. To address these new developments, coalitions and organizations have been formed which endeavor to understand, and even provide for, the needs of this new community. Some hope this may facilitate their contribution to their new neighborhood.

This report is part of a larger needs assessment, which seeks to fulfill that goal of understanding. It examines the need for child care in relation to the Latino population in …

An Examination Of The Danish Immigrant-Trade Link, Roger White

Economics

This paper investigates the influence of immigrants on Danish imports and exports. As public and political debates concerning immigration policy are expected to continue, the findings presented here provide valuable information. Prior to 2002, Denmark’s immigration policy was among the most liberal in Europe. However, concerns regarding terrorism, social services depletion, and detrimental labour market effects, all purported to stem from immigration, led the Danish government to severely tighten its policy. In examining Denmark, we explore the immigrant-trade relationship in a small host country that is globally well-integrated, open to trade, and proximate to both major trading partners and primary …

Redistribution By Insurance Market Regulation: Analyzing A Ban On Gender-Based Retirement Annuities, Amy Finkelstein, James Poterba, Casey Rothschild

Economics Faculty Scholarship

This paper illustrates how a model of an insurance market with asymmetric information can be calibrated and solved to evaluate the economic consequences of government regulation. We estimate the impact of restricting gender-based pricing in the United Kingdom retirement annuity market, a market in which individuals are required to annuitize their retirement savings by selecting among a range of different annuity contracts. After calibrating a lifecycle utility model and estimating a model of annuitant mortality that allows for unobserved heterogeneity, we solve for the range of equilibrium contract structures with and without gender-based insurance pricing. Eliminating gender-based annuity pricing is …

Building The Case: Health Promotion For Vocational Rehabilitation Consumers, Catherine Ipsen, University Of Montana Rural Institute

Employment

A new line of research for the Research and Training Center on Disability in Rural Communities (RTC: Rural) focuses on the role of secondary conditions and health promoting lifestyle behaviors in obtaining and maintaining employment for adults with physical disabilities. This line of research started with Ipsen (2006) conducting an analysis of Behavioral Risk Factor Surveillance System data. She found that individuals who reported lower rates of secondary conditions and/or who practiced better lifestyle behaviors had a higher probability of being employed after controlling for demographic characteristics including age, gender, race, education, and disability severity. Past research has shown that …

Rhode Island Current Conditions Index — December 2007, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Fast Food, Addiction, And Market Power, Timothy J. Richards, Paul M. Patterson, Stephen F. Hamilton

Economics

No abstract provided.

Risk And Recovery, John Austin, Chris Decker, Tom Doering, Ernie Goss, Bruce Johnson, Lisa Johnson, Ken Lemke, Franz Schwarz, Scott Strain, Eric Thompson, Keith Turner

Economics Faculty Publications

The crisis in the housing and financial sectors has led to a dramatic slowdown in U.S. economic growth. Fourth quarter GDP growth and job growth are expected to be anemic and the economy may fall into recession in 2008. Indeed, several of the dozen members of the Nebraska Business Forecast Council do believe that the U.S. economy will likely slip into recession during 2008. However, the overall consensus of the Council is that the U.S. economy will avoid a recession. Economic growth will be slow in the first three quarters of 2008 before recovering in late 2008 and 2009.

Jefferson's Abomination In The Valley: A Study Of The Economic Effects Of The Embargo Of 1807 On Louisville's Frontier Economy, Williams Lewis

Masters Theses & Specialist Projects

This thesis examines the effects of the Embargo of 1807 on Louisville and its surrounding areas. The purpose of this study is to discover if the interior suffered to the same degree as other regions of the country as a result of Thomas Jefferson's trade restrictions. Louisville is the focus area because it is not only representative of the Ohio Valley and the interior but also because it marked the end of civilization and the beginning of the frontier. Distinctions between class, economic status, and occupation between the inhabitants of Jefferson County are also observed. This particular approach leads to …

The Effects Of Human/Wildlife Conflict On The Potential For Community-Based Ecotourism In The Kasigau Region Of Southeast Kenya, Natalie Mountjoy

Masters Theses & Specialist Projects

Many believe community-based ecotourism (CBE) can assist in conservation efforts and community development; however, little research has been done to assess the potential of CBE in a specific region. As part of a large, long-term, international research project, I define three problematic areas that may impede successful CBE efforts in the Kasigau location of southeast Kenya: bushmeat utilization, community attitudes and wildlife abundance. Samples of meat purchased from butcheries and meat markets are identified to species using molecular analysis, community attitudes are ascertained via written social surveys and transect sampling methods are used to determine the relative abundance and diversity …

Base Realignment And Closure Impact On Industry In El Paso, Tx And Doña Ana, Nm: Workforce Growth, Training Needs And Access To Federal Government Contracts, Carlos Olmedo, Dennis L. Soden, Daniel J. Quiñones, Elizabeth K. Gibson, Dannette De Leon, Michael F. Vargas

IPED Technical Reports

No abstract provided.

Fitting Event-History Models To Uneventful Data, Douglas A. Wolf, Thomas M. Gill

Center for Policy Research

Data with which to study disability dynamics usually take the form of successive current-status measures of disability rather than a record of events or spell durations. One recent paper presented a semi-Markov model of disability dynamics in which spell durations were inferred from sequences of current-status measures taken at 12-month intervals. In that analysis, it was assumed that no unobserved disablement transitions occurred between annual interviews. We use data from a longitudinal survey in which participants' disability was measured at monthly intervals, and simulate the survival curves for remaining disabled that would be obtained with 1- and 12-month follow-up intervals. …

Promoting Economic Literacy In Massachusetts And Beyond, Margaret Brooks

Bridgewater Review

No abstract provided.

5 Women's Status And Children's Food Security In Pakistan, Basudeb Guha‐Khasnobis, Gautam Hazarika

Economics and Finance Faculty Publications

This chapter examines the role of women's intra-household status relative to men's in children's food security in Pakistan. Data from the 1991 Pakistan Integrated Household Survey (PIHS) yield a measure of evidence of a positive relation between women's intra-household status and children's food security.

Overview Of Monetary Policy In Nigeria, S. N. Ibeabuchi

Economic and Financial Review

This article provides and overview of monetary policy which is the instruments at the disposal of the monetary authorities to influence the availability and cost of credit/money M with the ultimate objective of achieving price stability. This overview is with reference to Nigeria.

Exchange Rate Policy Design: Choosing The Right Exchange Rate Response In A Changing Environment, M. I. Obadan

Economic and Financial Review

This article examines exchange rate policy design with reference to how to choose the appropriate exchange rate Response for the right environment. The article is structured into four parts with the introduction as part I. Part II gives the overview of Nigeria's exchange rate framework. Part III reviews different concepts of equilibrium exchange rates with a focus on the fundamental equilibrium exchange rate (FEER) and the behavioural equilibrium exchange rate (BEER) approaches. Part IV discusses the challenges encountered in choosing the right exchange rate response in the new banking sector environment. Part V concludes the paper and proffers the way …

Towards Inflation Targeting Framework For Monetary Policy In Nigeria: The Challenges For Central Bank Of Nigeria, M. Hugman

Economic and Financial Review

This article examines inflation with reference to Nigeria. As an emerging market environment. Part one outlines briefly the underlying mechanisms of inflation-management and general approaches to inflation targeting. Part two focuses on issues that specifically relate to inflation targeting (IT) in emerging markets, including the possible macroeconomic impact of the transition process. Part three considers the sequence and timing of the transition to IT in Nigeria, on the shift in exchange rate management required to achieve long-term price stability. Additionally, Nigeria-specific challenges are also addressed. The paper concludes by noting that both the time frame and coordination for a successful …

Inflation Targeting As A Tool Of Monetary Management: International Experiences, A. F. Odusola

Economic and Financial Review

This article seeks to address the main prerequisites and key challenges of implementing inflation targeting across many countries and draws relevant lessons for countries that are contemplating the adoption of IT. To achieve this objective, the rest of the paper has been structured as follows. Following the introduction is part II which examines the theoretical framework for IT while the review of international experiences is contained in part III. Contemporary issues and challenges are considered in part IV while recommendations and conclusion are the focus of part V.

Asset Price Movements And Derivatives: Implications For Monetary Policy In Nigeria, Ola Sholarin

Economic and Financial Review

The article highlights the importance of maintaining accurate market value for a wide variety of asset classes. From the perspective of speculators, the author discusses the methodology for identifying undervalued or overvalued assets for taking appropriate bet on such assets. From analysts, hedgers or investors perspective, this paper discusses how financial instruments derivative could be used to protect financial assets and return on such assets against volatility. The author highlights application of the same set of derivative instruments for speculative, regulatory arbitrageurs and other purposes. For the same group, this paper identifies fundamental variables that determine assets' prices in a …

Special Remarks, C.N.O. Mordi

Economic and Financial Review

This the special remarks delivered on the occasion of the opening ceremony of the 2007 CBN Executive Seminar on monetary policy in a changing environment for CBN Executive Staff.