Contributions Of Financial Sector Reforms And Credit Supply To Nigerian Agricultural Sector (1978-2009),
2011
Department of Agricultural Economics and Extension University of Port Harcourt, Nigeria
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,
2011
Department of Economics, University of Maiduguri
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,
2011
Department of Economics, University of Ibadan
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,
2011
Datatric Research Consulting, Nigeria
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,
2011
1Department of Statistics Collage of Science and Technology. Waziri Umaru Federal Polytechnic Birnin Kebbi, Nigeria
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,
2011
Department of Economics, Modibbo Adama University of Technology, Yola, Nigeria
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,
2011
Central Bank of Nigeria
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,
2011
Central Bank of Nigeria
Banking Reform And Its Impact On The Nigerian Economy, Sanusi L. Sanusi
CBN Journal of Applied Statistics (JAS)
No abstract provided.
First Price Auctions, Lotteries, And Risk Preferences Across Institutions,
2011
Sacred Heart University
First Price Auctions, Lotteries, And Risk Preferences Across Institutions, Russell P. Engel
WCBT Faculty Publications
There is an unsettled debate in experimental economics literature regarding the consistency of individuals' risk preferences in varying institutions. Much of this debate stems from observations of subjects' bids in sealed-bid auctions and the implications of those bids. In this paper, I have subjects participate in a sealed-bid auction experiment and then examine if the ostensible risk parameter that one can back out from subjects' bids matches up with their elicited risk preference from a separate task in the experiment. I find that subjects do exhibit consistent risk preferences. The aggregate measure of the subjects' risk parameter is stable across …
Custodes Invicem Custodiunt: Commitment Through Competition,
2011
Singapore Management University
Custodes Invicem Custodiunt: Commitment Through Competition, Madhav S. Aney, Giovanni Ko
Research Collection School Of Economics
How can specialists in violence, such as the military or the police, commit not to expropriate from producers? In this paper we propose competition between these agents as one of the mechanisms that can deter predation. In our model, even if specialists in violence could expropriate all output costlessly, it is attractive to protect producers from predators. This is because there is a marginal defensive advantage and consequently defense is an effective way to potentially eliminate other specialists in violence, reducing competition and leading to higher future payoffs. Hence, producers can offer transfers to specialists in violence that make defense …
Arrow-Fisher-Hanemann-Henry And Dixit-Pindyck Option Values Under Strategic Interactions,
2011
Singapore Management University
Arrow-Fisher-Hanemann-Henry And Dixit-Pindyck Option Values Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa
Research Collection School Of Economics
We extend the Arrow-Fisher-Hanemann-Henry (AFHH) and Dixit-Pindyck (DP) option values to game situations. By reinterpreting the AFHH option value as a change in the surplus from conservation because of the prospect of future information, we deal with the conceptual difficulty associated with the AFHH option value in the presence of strategic interactions. We then introduce the DP option value into a game situation. We show that the equivalence between the expected value of information and the DP option value in the standard model does not hold under strategic interactions.
The Application Of Personality Assessment To Suggest Appropriate Employment In Various Fields Within Economic Development,
2011
University of Southern Mississippi
The Application Of Personality Assessment To Suggest Appropriate Employment In Various Fields Within Economic Development, Brittani Elizabeth Plaisance
Master's Theses
Personality assessment has been established through previous literature as a viable tool in organizational contexts in different job fields (Hough & Dilchert, 2010; Rothstein & Goffin, 2006). The field of economic development has seen little application of personality assessment to aspiring professionals within the discipline. This research hoped to establish distinct personality typologies within economic development by bifurcating the field into two sectors of (a) business recruitment, retention, and expansion and (b) entrepreneurship developers and community developers. Participants were asked to complete the Personal Preferences Self-Description Questionnaire (Thompson, 1996) after distinguishing within which of the two realms they were employed. …
Beyond ‘‘Green Buildings:’’ Exploring The Effects Of Jevons’ Paradox On The Sustainability Of Archival Practices,
2011
University at Albany
Beyond ‘‘Green Buildings:’’ Exploring The Effects Of Jevons’ Paradox On The Sustainability Of Archival Practices, Mark D. Wolfe
University Libraries Faculty Scholarship
The sustainability of archival institutions will be greatly affected by attempts to mitigate their carbon footprint to meet the challenges of global climate change. This paper explores how recordkeeping practices may enhance or undermine the sustainability of archives. To enhance sustainability, it is a common practice to increase the efficiency of recordkeeping practices. However, increases to efficiency may lead to a phenomenon known as Jevons’ Paradox. Jevons’ Paradox occurs when improvements in efficiency to a system or process result in an increase in use (instead of a decrease) of a resource. The failure of the paperless office demonstrates Jevons’ Paradox, …
An Analysis Of Consumer Behavior On Black Friday,
2011
Eastern Illinois University
An Analysis Of Consumer Behavior On Black Friday, Linda Simpson, Lisa Taylor, Kathleen O'Rourke, Katherine Shaw
Faculty Research & Creative Activity until 2018 (FCS)
The purpose of this study was to observe and analyze the consumer behaviors and commentary of the Black Friday customer. An observational instrument documented consumer in-line behavior while waiting for the stores to open, store entry behavior, and individual behavior. Findings show that the majority of the shoppers demonstrated calmness, courteousness, and happiness during the shopping experience; however, a number of shoppers exhibited negative and potentially dangerous behaviors which pose a safety concern for store personnel and other shoppers. Implications for retailers, researchers, and family and consumer sciences educators are discussed.
An Analysis Of Consumer Behavior On Black Friday,
2011
Eastern Illinois University
An Analysis Of Consumer Behavior On Black Friday, Linda Simpson, Lisa Taylor, Kathleen O'Rourke, Katherine Shaw
Faculty Research & Creative Activity
The purpose of this study was to observe and analyze the consumer behaviors and commentary of the Black Friday customer. An observational instrument documented consumer in-line behavior while waiting for the stores to open, store entry behavior, and individual behavior. Findings show that the majority of the shoppers demonstrated calmness, courteousness, and happiness during the shopping experience; however, a number of shoppers exhibited negative and potentially dangerous behaviors which pose a safety concern for store personnel and other shoppers. Implications for retailers, researchers, and family and consumer sciences educators are discussed.
Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?,
2011
Kennesaw State University
Is There A Link Between Money Illusion And Homeowners' Expectations Of Housing Prices?, Lucy F. Ackert, Bryan K. Church, Narayanan Jayaraman
Faculty Articles
Money illusion is a behavioral bias in which a person thinks in terms of nominal rather than real values. This article reports homeowners' responses to a survey designed to measure the extent of money illusion as well as homeowners' expectations regarding home valuations. Our survey respondents suffer from money illusion, yet they have reasonable expectations of home prices. Our analysis did not identify any unique individual characteristic that correlates with homeowners' choices and suggests that the relationship between money illusion and mispricing is subtle and multifaceted.
What Do Indexes Of Consumer Confidence Tell Us?,
2011
W.E. Upjohn Institute for Employment Research
What Do Indexes Of Consumer Confidence Tell Us?, Marta Lachowska
Employment Research Newsletter
No abstract provided.
Crowding-Out Effect Of The Current Food Stamp Subsidy Scheme,
2011
Singapore Management University
Crowding-Out Effect Of The Current Food Stamp Subsidy Scheme, Yi Zhang
Research Collection School Of Economics
We construct a model to illustrate that the current food stamp subsidy scheme fails to achieve its stated aim due to the crowding-out effect. More specifically, if the household income is sufficiently low, only a corner solution exists, and a full subsidy is needed.
Preferences, Prisoners And Private Information: Was Socrates Rational At His Trial?,
2011
Singapore Management University
Preferences, Prisoners And Private Information: Was Socrates Rational At His Trial?, Brishti Guha
Research Collection School Of Economics
Using concepts from game theory, political economy, law and economics and the economics of asymmetric information, we describe the economics of one of the most famous trials in history—that of the Athenian philosopher Socrates. We discuss the question of whether Socrates’ actions during his trial were rational, using two different models. Our analysis sheds some light on institutional efficiency in trials that followed the classical Athenian pattern.
Keeping Marriage In The Black: Exploring The Effects Of Budgeting And Money Management On Marital Satisfaction,
2011
University of Texas Permian Basin
Keeping Marriage In The Black: Exploring The Effects Of Budgeting And Money Management On Marital Satisfaction, Kendra Sorey
Graduate Theses
Financial issues are often a major area of contention in any marriage. The Marital Satisfaction Inventory-Revised and a series of researcher-created questions were given to 109 married people to ascertain financial behaviors as they relate to marital satisfaction in the marriage. The current research shows that there was no significant difference found between marital satisfaction scores on MSI-R and financial behaviors; however, there was much information to be gained that shows that there may be some relationship between marital satisfaction and financial behaviors. The current research indicates that there may be some relationship between communication skills and good financial practices …
