Growth and Development Commons^™

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2006, Central Bank Of Nigeria

CBN Annual Report

This Report reviews the operations of the Central Bank of Nigeria (CBN) and macroeconomic developments during the fiscal year 2006 and appraises the major economic policy outcomes during the period. The Bank reported a stable foreign exchange market in 2006, with an average effective official exchange rate of N 128.65 per U.S dollar, an increase of 2.6% over 2005. The stock of external reserves, valued at US$12.30 billion, was 49.6% higher than in 2005, driven by high crude oil prices and lower debt-service burden. The reserves were equivalent to 28.4 months of import cover, exceeding the 6 months requirement under …

Identifying Economic Indicators For Ecosystem-Based Management:, Scott Norris

Publications

In America and across the world, the use of ecosystem-based management is

increasing. One of the primary challenges faced in using this method of management is the integration of economic data and environmental information. This report explores the use of a new tool for integrating economic data, ecosystem-based economic indicators, in a case study of Elkhorn Slough National Estuarine Research Reserve, an estuarine environment located in Monterey County, CA. Research and literature reviews were used to detail the economic activities of the area, in order to identify possible indicators,criteria for evaluating the indicators, and potential sources of indicator data. After …

Banking For The Poor, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

In 1974 a young economic professor of Chittagong University just returned from the U.S after his doctorate in an exoteric topic when the famine struck Bangladesh. He approached the people of a village nearby the University as to how he could help them and discovered that their biggest problem was they were so heavily indebted to the moneylenders that they had almost lost their freedom of individual action. The moneylenders were charging exorbitant rates of interest that were multiplying the outstanding amount exponentially beyond the capacity of the poor villagers. He offered to provide his own personal funds to them …

Faleoloa Laititi: The Role Of Small Shops In A Developing Samoa, Nicholas K. Courtney

Independent Study Project (ISP) Collection

Samoa presently finds itself caught between the wave of development and an unyielding tie to its culture. Development in Samoa consists of a multitude of efforts including, but not limited to, commercial agriculture, tourism, environmental protection, and private sector business. In all of the areas, the struggle between the Western view and the Samoan internalization of the Western view proves readily apparent. More so, the way of life in Samoa somehow drips its way through the cracks of all these ideas, creating protocol for development which is uniquely Samoan. The research examines the strength and weaknesses of the small roadside …

Ley Y Desorden: La Participación, La Política, Y La Planificación En El Archipiélago De Bocas Del Toro, Sage E. Trombulak

Independent Study Project (ISP) Collection

The Bocas del Toro Archipelago is quickly becoming one of Panama’s most popular destinations, both for tourists pursuing temporary fun-in-the-sun type activities and for wealthy Panamanians, Americans, and Europeans seeking a more permanent location for their vacation homes, luxury resorts, and retirement communities. These dual phenomena have become a subject of escalating concern for the political leadership in Bocas del Toro and for a plethora of local, regional, and international NGOs, as unprecedented levels of development are leading to the degradation of one of Panama’s most beautiful and biologically diverse landscapes, stresses on urban infrastructure, and rapid economic growth that …

Bienes Raíces En La Comuna De Pucón, Brendan Hayes

Independent Study Project (ISP) Collection

This investigation provides an in depth analysis of real estate development in the comuna of Pucón, Chile. The author begins by explaining the sentiment of real estate investment in Chile and continues by providing readers with a detailed background about the municipality of Pucón and its touristic economy. Next the author provides information about current property values in Pucon and what it is that drives the values of properties in the comuna most. By providing information about zoning law, tax law, Volcán Villarrica, infrastructure in the area, and the public’s perception of increased growth the author virtually targets all aspects …

Latino Political Participation In Nebraska: The Challenge Of Enhancing Voter Mobilization And Representation - Ollas Report No. 3, Jonathan Benjamin-Alvarado

Latino/Latin American Studies Reports

This OLLAS policy brief seeks to enhance basic information regarding the role Latinos will play in shaping the future of politics in Nebraska in the short and medium term. Because issues such as immigration policy, fair housing, labor practices, and public education have risen to the top of the political agenda nationally and statewide, and because these issues most directly impact the lives of Nebraska’s growing Latino constituencies legitimately, we must consider to what extent Latino stakeholders can shape the debate and articulate acceptable policy responses to these matters.

How effectively these issues are dealt with will have major implications …

Borderplex Economic Outlook: 2006-2008, Thomas M. Fullerton Jr.

Border Region Modeling Project

No abstract provided.

Manufacturing Brief: Trends In Manufacturing Industries In Northeast Ohio, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Entrepreneurship And “Conscientious Capitalism”? Economic Solidarity Within The Banco Palmas Network, Caroline Whistler

Independent Study Project (ISP) Collection

Capitalism is often thought of as a struggle between the ‘haves’ and ‘have-nots’. Although the very nature of the economic system is to reward innovative ideas that can survive competition and the ‘free market’, many ‘have-nots’ do not have the same opportunities to succeed as those born with economic resources. The gap between those with capital and those without has gradually widened into a gaping hole that few can cross. While there are certainly enough resources in Brazil to keep all citizens above the poverty line, the reality is that economic survival has been replaced by one of the most …

The Growing Together Guide: A Companion Resource To The New England Environmental Finance Center/Melissa Paly Film, New England Environmental Finance Center

Smart Growth

What local leader or public official wants to be faced with an SOS the “same old story” of public discord and confrontation over growth and development in one’s community? That situation has become a problem for efforts to promote smart growth. Investments are needed in the walkable, compact, traditional‐streetscape and mixed use neighborhoods and developments that are more sustainable and healthy than sprawl, for both people and the landscape. Yet attempts at such change all too often end up mired in costly public controversy and stalemate.

What Makes A Region Entrepreneurial? A Review Of The Literature, Jill S. Taylor

All Maxine Goodman Levin School of Urban Affairs Publications

In recent years, there has been a growing focus on entrepreneurship as a principal source of economic growth. Many economic development practitioners and public policymakers are taking note of this, shifting attention and resources toward activities to support entrepreneurship. This reflects a broader shift toward strategies that spur growth from within (endogenous growth) rather than seeking economic gains from the outside (exogenous growth).

Northeast Ohio Entrepreneurship Confidence Survey: First Year Findings, Jill S. Taylor

All Maxine Goodman Levin School of Urban Affairs Publications

The objective of the entrepreneurship Confidence Survey is to assess the entrepreneurial climate and entrepreneurs’ confidence in their ability to start and sustain a business in Northeast Ohio. The intention is to repeat the survey annually for the next several years to identify trends that might emerge. The survey has been constructed to measure respondents’ perceptions regarding several issues, including access to capital, workforce supply, information provided by educational institutions and business support organizations, networking opportunities, government responsiveness, attitudes toward entrepreneurs, adequacy of infrastructure, quality of life, and confidence in the regional economy and the ability to start or sustain …

A Pro-Poor Framework For Enhancing Micro-Savings In Nigeria., M. C. Ononugbo, C. P. Nwosu

Bullion

Nigerians generally do not seem to have what is usually referred to as “the saving culture”. This assertion may not entirely be true as it based on information from the formal banking system without recourse to the savings activities at the informal sector of the economy. It is a fact that the informal sector of the economy is large with unrecorded transactions. Consequently, this paper attempts to examine the fundamental issues in saving and thereafter design a formal savings habit of the populace, especially the low-income group. The framework is designed to mobilise micro-savings, hitherto kept with thrift collectors and …

Overview Of Exchange Rate Management In Nigeria., Mike I. Obadan

Bullion

The exchange rate is a key macroeconomic variable in the context of general economic policy making, and of economic reform programmes, in particular. It is a very important price which governments take very active interest in. However, two concepts of exchange rate are commonly distinguished: nominal exchange rate and real exchange rate. - The nominal exchange rate (NER) is a monetary concept which measures the relative price of two moneys or currencies, e.g., Naira in relation to the U. S dollar. - But the real exchange rate (RER), as the name implies, is a real concept that measures the relative …

Economics Of Exchange Rate Management, Ayodele Odusola

Bullion

Exchange rate policy plays an important role in national economic development management. If well managed, it could facilitate the achievement of macroeconomic objectives of rapid economic growth, low rate of inflation, high employment generation, buoyant balance of payment condition, and progressive income distribution. Of all economic policies, it is the most suitable policy for ensuring internal and external balances. This paper examine the economics of exchange rate management; the conceptual issues in exchange rate management in view of attaining the macroeconomic objectives for rapid economic growth and development. One of the critical issues in the management of foreign exchange is …

Recent Reforms In The Nigerian Banking Industry: Issues And Challenges., U. Kama

Bullion

The banking industry around the world has witnessed remarkable changes in recent decades, given t h e i n c r e a s i n g w a v e o f globalization, structural and technological changes, and integration of financial markets. As McKinnon and Shaw (1973) observed in their seminar work on the key roles of banks as propel lands of growth and development in developing economies, a feeble banking system is repressive, distortionary and dis-connect the intermediation process thereby precipitating macroeconomic instability. The paper reviews the various reforms in Nigerian banking industry since 1986 particularly the complementary …

Exchange Rate Stability And Poverty Reduction In Nigeria, Greg Nzekwu

Bullion

The paper discusses the role of macroeconomic policy in achieving social as well as macroeconomic objectives in attaining poverty reduction in Nigeria. Nigeria's economy is growing at an impressive rate compared to the historical. This reflects in part increased investor confidence due t o the improvement in macroeconomic management and positive dividends of the new found economic direction and general political stability. However, the renewed optimism is unlikely to be sustained if appreciable progress is not made to advance growth, general macroeconomic stability and poverty reduction. The reveals that, In order for growth to be poverty reducing, the link between …

The Achievement Of Convergence In The Nigeria Foreign Exchange Market, O. O. Akanji

Bullion

The fact that Naira is floating is not a panacea for effective monetary policy management learning from the Argentina experience. Also with volatile capital flows, there are associated over - and undershooting of exchange rates that the economy would encounter. This paper discuss the achievement of convergence in the Nigerian foreign exchange market and monetary policy, the liberalization of the foreign exchange market and the process of foreign exchange convergence. It was observed that there were supply shortage and so the supply side of resource allocation was deployed. It was also observed that the harmony between the money market and …

Economic Growth And Human Capital Development: The Case Study Of Nigeria, Moses F. Otu, Adeniyi O. Adenuga

Economic and Financial Review

The paper examines empirically the relationship between economic growth and human capital development using Nigeria data. Microeconomics variables such as Growth of real gross domestic products (RGDPG), capital expenditure (CE) on education. recurrent expenditure on education (RE), real gross capital formation (RGCF) was used to proxy physical formation, enrolment into primary (PRYE), post-primary (PPE) and tertiary (TERE) educational institutional were used to proxy human capital development. It found that investment in human capital, through the availability of infrastructure requirements in the education sector accelerates economics growth.

On The Magnet Effect Of Foreign Direct Investment, Pao Li Chang, Chia-Hui Lu

Research Collection School Of Economics

We extend Antras and Helpman (2004) on firm heterogeneity and organizational choice to a dynamic setting with FDI uncertainty, in which the probability of investment failure decreases with the host country's infrastructure level and increases with the technological complexity facing each firm. Moreover, it decreases over time as the accumulated mass of firms succeeding in FDI increases. We show that a minimum level of infrastructure is required to trigger a first wave of industrial migration. We then formalize the often noted "magnet effect" of FDI - the first wave of industrial migration generates positive externality (information spillover) for subsequent investors, …

Performance, Growth And Earnings Management, Chi Wen Jevons Lee, Laura Yue Li, Heng Yue

Research Collection School Of Accountancy

We study the relationship between the amount of managed earnings and firms' earnings performance and expected growth in a reporting model, where managers manipulate earnings to influence the valuation of firms' equity while bearing a cost that is increasing and convex in the amount of managed earnings. In the unique revealing equilibrium to the model, firms with higher performance and growth over-report earnings by a larger amount because price responsiveness increases with earnings performance and growth. And earnings quality, defined as the proportion of true economic earnings in total reported earnings, increases with earnings performance but decreases with earnings growth. …

Searching For Social Capital In U.S. Microenterprise Development Programs, Nancy C. Jurik, Gray Cavender, Julie Cozogill

The Journal of Sociology & Social Welfare

This paper focuses on the claims and efforts of U.S. microenterprise development programs (MDPs) to build social capital among poor and low income entrepreneurs. MDPs offer business training and lending services to individuals operating very small businesses (with five or fewer employees and less than $20,000 in start-up capital). Advocates suggest that MDPs help promote economic development by building social capital defined as networks among small entrepreneurs and between entrepreneurs and their larger community. We begin our paper with a short review of the varied definitions and claims about the role of social capital in promoting civic and economic empowerment. …

Hurricane Damage To The Ocean, Charles S. Colgan, Jefferey Adkins

Publications

In 2005, insured losses from hurricanes and other catastrophes were greater than in any other year in U.S. history. NOAA’s National Hurricane Center estimates that $85 billion of total damages resulted from Hurricanes Katrina and Rita alone. One year later, the region affected by these two hurricanes still struggles to recover, both as a place to live and as a viable economy. Using data from the BLS Quarterly Census of Employment and Wages, the National Ocean Economics Program has developed a data series that allows the economic damage to coastal regions to be seen in a new light: what happens …

South Kingstown Ri: New Zoning For An Historic Mill, Maggie Jones, Richard Barringer

Planning

The village of Peace Dale in the town of South Kingstown, Rhode Island, developed around several mills that commenced operations in the 1800s. One mill, known as the Palisades, is still partially active and in excellent condition, but much of its square footage is unutilized. A citizens’ group of artists and business people joined with the mill owners and the town of South Kingstown to develop new zoning regulations to make more flexible the permitted uses for the mill site. The proposed zoning will allow the mill complex to feature a mix of retail, residential, and manufacturing uses, while preserving …

Ireland: The Recurring Economic Miracle?, Mary Joy Crisafulli

Honors College Theses

Ireland is enjoying a tremendous economic success. Is this success based solely on favorable corporate taxation policies? What is the effect of Ireland's success and its taxation policies on the other EU nations? Ireland presents a model for economic growth and prosperity to be followed not only by the recent accession nations, but by the older EU member nations in an attempt to reform their socioeconomic context.

Impact Of India's Economic Growth And The Changes Within Its Food Retail Landscape, Sunil Sharma

Honors College Theses

No abstract provided.

The Coevolution Of Economic And Political Development, Fali Huang

Research Collection School Of Economics

This paper establishes a simple model of long run economic and political development, which is driven by the inherent technical features of different production factors, and political conflicts among factor owners on how to divide the outputs. The main capital form in economy evolves from land to physical capital and then to human capital, which enables their respective owners (landlords, capitalists, and workers) to gain political powers in the same sequence, shaping the political development path from monarchy to elite ruling and finally to full suffrage. When it is too costly for any group of factor owners to repress others, …

Changing Maine, 1960-2010: Teaching Guide, Richard Barringer, New England Environmental Finance Center

Maine History & Policy Development

Unlike forty years ago, none of us is now certain what the future holds for Maine – except that it will be different. Maine has been transformed by the events of the recent decades. We have come into a new world, a new time – a new historical era, if you will. This new era, like previous eras in Maine history, will require of us new ways of thinking, new ways of understanding, new ways of organizing ourselves as a community of people, if the values and culture we share and cherish are to endure and flourish.

Reviewed Work: Understanding Institutional Diversity By Elinor Ostrom, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

No abstract provided.