Economics Commons^™

Projecting The Broad Money Supply From Base Money Dynamics, Baba N. Yaaba

Bullion

The study demonstrates that in periods when Other Depository Corporations' balance sheet data are unavailable, broad money (M3) can be reasonably projected by combining the monetary base from the CBN balance sheet with the immediately preceding money multiplier. This time-varying approach using the lagged multiplier provides an appropriate and empirically justified basis for projecting broad money. However, the application of this methodology should be confined to internal policy analysis and decision-making purposes and not extended to public dissemination.

Accounting Response To Inflation And Its Implication On Economic Development In Nigeria, Jimoh Ojo Ihiovi

Bullion

This study examines the relationship among inflation, accounting responses, investment, regulatory compliance and economic development in Nigeria. It uses secondary data from official macroeconomic sources and selected corporate reports and applies descriptive statistics, correlation analysis and Ordinary Least Squares regression. The reported results show a negative association between inflation and GDP per capita, while accounting response, investment and regulatory compliance have positive associations with economic development. The study recommends stronger inflation-sensitive disclosures, improved enforcement and professional capacity, while recognising that IAS 29 applies only where its hyperinflation criteria are met.

Non-Oil Exports And International Reserves In Nigeria: A Descriptive Assessment (1981-2023), Oluwabunmi Dada

Bullion

This study examines non-oil exports and international reserve accumulation in Nigeria using annual data from 1981 to 2023. Descriptive statistics, correlation analysis and trend analysis are employed. Services and agricultural exports show modest positive associations with reserves, while manufacturing exports record a strong negative association and mining exports show a negligible relationship. Real GDP, the exchange rate and external debt are positively correlated with reserves. The findings support policies that strengthen export competitiveness, value addition and macroeconomic stability. The reported relationships are descriptive and should not be interpreted as causal effects.

Corporate Governance In The Last Decade (2012-2021): A Systematic Review Of Literature, Aliyu Abdulaziz

Bullion

This article reviews 100 peer-reviewed corporate governance studies published from 2012 to 2021 across 34 country settings. It applies a systematic quantitative assessment technique to examine publication year, publisher, geography, article type, data-collection method and research theme. The corpus consists mainly of empirical studies and is concentrated in Asian settings. Observation and survey methods dominate, while mixed methods are uncommon. Board composition, board independence and ownership structure are the leading themes. The review identifies geographical, methodological and thematic gaps and recommends broader coverage and greater methodological diversity in future research.

Cash Reserve Ratio As A Monetary Policy Tool In Nigeria: Implications For Banking System Liquidity And Stability, Baba N. Yaaba Phd, Usenobong Akpan Phd

Bullion

In pursuit of price stability, the Central Bank of Nigeria (CBN) deploys a range of monetary policy instruments to regulate liquidity conditions and influence macroeconomic outcomes. Among these, the Cash Reserve Ratio (CRR) has played an increasingly prominent role in recent tightening cycles. While these measures aimed to curb excess liquidity and inflationary pressures, concerns have emerged regarding their implications for bank intermediation and financial stability. This study evaluates the impact of CRR on banking system liquidity and stability in Nigeria using an Autoregressive Distributed Lag (ARDL) model and monthly data from June 2010 to March 2025. The results confirm …

Digital Financial Services And The Formalisation Of Informal Enterprises In Nigeria: A Policy Review, Mayowa Olawale Ogunsola, Helen Olubunmi Aderemi

Bullion

Nigeria's informal sector accounts for approximately 93% of employment (ILO, 2025; NBS, 2023) and, following the 2025 GDP rebasing, contributed 42.5% of GDP in 2019 (NBS, 2025). Digital Financial Services (DFS) are promoted as a formalisation pathway, yet recent evidence (2022–2026) shows that while DFS adoption enhances productivity and financial inclusion, it does not automatically trigger business registration or tax compliance. Drawing on institutional logics and gradualism, this policy review of 28 studies finds that Nigeria's current framework conflates digital inclusion with formalisation, suffers fragmented coordination among the Central Bank of Nigeria (CBN), Corporate Affairs Commission (CAC), and Nigerian Revenue …

Trapped In Transition: Structural Change And Political Dynamics In Middle-Income Countries, Gabriel Duvidovich

Dissertations and Theses

The middle-income trap literature has examined why relatively few middle-income countries transition to high-income status. A range of explanations has been proposed, but the political dimension has often been overlooked. Studies that take a political perspective often focus on institutional form rather than the state’s ability to effectively implement policy. This study addresses this gap by bringing political capacity to the center of the analysis. It argues that political capacity appears important for the productive upgrading required for sustained growth in middle-income economies and shapes economic growth trajectories across countries at different income levels.

The empirical analysis uses country-period panel …

The Lottery You Do Not Want To Win: The Role Of Local Institutional Quality In Brazil's Fight Against The Persistent Transmission Of Poverty, Adaye Sosthene Yvan N'Guettia

Economics Honors Projects

When does improving local institutions increase the poverty-reducing effectiveness of transfers? This paper examines whether federal oversight strengthens municipal administration of anti-poverty programs in Brazil. I develop a governance model in which incumbents allocate resources across diversion, effort, and institutional investment under audits and incentives. Using exogenous variation from Brazil's random CGU audit lottery across 5,500 municipalities, I find audits reduce irregularities, strengthen capacity, improve nutritional monitoring and school infrastructure, and reduce extreme poverty — with effects largest in municipalities with weakest institutions. A marginal-value-of-public-funds analysis confirms the program is self-financing. Results show the poverty-reducing power of transfers depends critically …

Assessing Healthcare Access Among Overweight And Obese Individuals In Türkiye Using Latent Variable Modeling, Banu Beyaz Sipahi

Makara Journal of Health Research

Background: Overweight and obesity are critical determinants of healthcare access, yet evidence on how the COVID-19 pandemic reshaped these dynamics in Türkiye remains limited. This study investigates whether the early post-pandemic recovery period altered healthcare access patterns for individuals with excess weight.

Methods: Using nationally representative microdata from the 2014, 2016, 2019, and 2022 Turkish Health Surveys, we constructed a latent Healthcare Access Index based on six indicators of unmet care needs. Probit models were estimated to assess associations between BMI categories and healthcare access, controlling for socioeconomic and demographic factors. The 2022 wave serves as the early …

Gross Metropolitan Product (Gmp) And Gross State Product (Gsp) In The Mountain West, 2024, Devin Streuter, Phillip Seo, Zafeen Boulware, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet presents 2024 Gross Metropolitan Product (GMP) and Gross State Product (GSP) data for five Mountain West states: Arizona, Colorado, Nevada, New Mexico, and Utah, and selected metros in these states. The data are derived from a report by the United States Conference of Mayors titled, “U.S. Metro Economies Annual Report and Forecast June 2025."

Unpacking Treatment Effect Heterogeneity In A Large-Scale Dropout Prevention Experiment, Thomas Dee, Chloe R. Gibbs, Rebecca Margolit-Chan, Lillian Morrell, James X. Sullivan

Upjohn Institute Working Papers

Timely high school completion is a critical step in successful transitions to post-secondary schooling and the labor market. This randomized controlled trial, deployed in two urban, disadvantaged school districts, tests the effectiveness of a mature and comprehensive student-support program on an unusually large scale (n=2,528). While overall effects on graduation rates are small and statistically insignificant, exploratory analyses reveal notable variation by site and over time, mirroring heterogeneity in treatment timing and program implementation. These findings highlight the challenges of scaling interventions and raise concerns about generalizing results from small-scale, single-site evaluations.

Preventive Interventions Targeting Social Determinants Of Health: Implications For Healthcare Utilization And Cost, Audrey Wrinkle

NEXUS: The Liberty Journal of Interdisciplinary Studies

Preventive interventions targeting social determinants of health could reduce avoidable healthcare utilization and positively impact long-term cost outcomes within healthcare systems. Evidence indicates that financial and social barriers to preventive care lead to delayed treatment and increased use of high-cost healthcare services in the long term. Preventive interventions focusing on upstream social factors, like home-based care and digital health programs, could improve patient outcomes and reduce avoidable service utilization. Also, incorporating social needs data into policy creation could promote better allocation of healthcare resources. This research highlights the role of prevention-focused strategies in promoting cost-effective, sustainable healthcare delivery.

Determinants Of Ai Adoption In Banking: Evidence From Tunisia, Rahma Khattab, Sami Bacha

Arab Economic and Business Journal

This study investigates the factors influencing customers’ intentions to adopt Artificial Intelligence (AI) banking services in Tunisa. Building on an integrated framework combining the Technology Acceptance Model, Unified Theory of Acceptance and Use of Technology, Theory of Planned Behavior, Perceived Risk Theory, and Diffusion of Innovation Theory, the study investigates how perceived usefulness, perceived ease of use (, awareness, knowledge, attitude, subjective norms, trust, and perceived risk influence AI adoption intentions. Using survey data from 400 Tunisian retail banking customers and applying regression analysis, the findings show that perceived usefulness, perceived ease of use, subjective norms, and trust positively and …

20 Years Of The Kalamazoo Promise: A Visual Guide To Selected Highlights, Kathleen Bolter

Reports

No abstract provided.

Airline Ticket Anaysis, Emerson Kohl, Ivan O'Neil

Discovery Day - Daytona Beach

While the U.S. domestic airline industry generates hundreds of billions in annual revenue, the mechanics of airfare pricing remain remarkably opaque to travelers and analysts alike. Prices for geographically similar routes often diverge sharply, driven by a complex interplay of structural constraints and market pressures. This study elucidates the primary drivers of ticket pricing by analyzing high-frequency data from the Bureau of Transportation Statistics DB1B database.   Utilizing an Ordinary Least Squares framework, the research evaluates how route distance, carrier concentration, passenger throughput, and seasonal fluctuations collectively dictate average fares. By quantifying these relationships in Python, the analysis seeks to isolate …

Bridging Fiscal Sustainability And Health Equity: A Policy Analysis Of California’S Healthcare Coverage Safeguards, Guadalupe Castaneda Martinez

Master's Projects and Capstones

Without structural policy intervention, approximately 4.6 million Californians remain at risk of being uninsured by 2030, worsening racial and ethnic health disparities and hospital uncompensated care burdens. This policy analysis advocates for a hybrid universal coverage model combining sliding-scale subsidies (California Senate Bill 78) with full-scope Medi-Cal expansion for all income-eligible residents regardless of legal status (California Assembly Bill 133). The framework relies on existing funding mechanisms, including the Managed Care Organization tax and the Health Care Affordability Reserve Fund. Comparative analysis indicates that market-only subsidies leave severe equity gaps, whereas immediate single-payer transitions pose substantial fiscal and administrative risks. …

Lessons From Tanzania’S Ujamaa For Smart Settlements In Nepal: Social Justice And Economic Development, Keshav Bhattarai, Ambika P. Adhikari

Himalayan Research Papers Archive

Nepal’s constitutional commitment to a “socialism-oriented” state places social justice, equitable access to resources and housing, and protection of marginalized populations at the center of national development discourse. However, persistent landlessness, informal settlements, unemployment, youth outmigration, and unequal access to infrastructure reveal a significant gap between constitutional aspirations and socioeconomic realities.

This article examines lessons Nepal can draw from Tanzania’s experience with Ujamaa, the African socialist development model initiated by President Nyerere in 1967. Using comparative policy analysis, published research, official documents, and exploratory field observations from selected Tanzanian locations, including the capital and villages in the Iringa Region, the …

Shock-Absorption Capacity In Menaap: A Regional Diagnostic Using The Policy Space Index, Alexei Kireyev

Arab Economic and Business Journal

This paper assesses the short-term shock-absorption capacity of the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) using the Policy Space Index (PSI). The PSI integrates fiscal, monetary, and reserve indicators and adjusts them for institutional constraints to measure nominal and effective shock-absorption capacity. The key finding is that MENAAP effective policy space averaged about 11 percent of GDP in 2024, roughly half the global average and heavily concentrated in oil exporters. The constraints lie in MENAAP's institutional arrangements and insufficient fiscal discipline. Easing them requires fiscal consolidation alongside structural reforms to address the institutional bottlenecks.

The Person As Foundation Of Responsibility: The Insufficiency Of Rights-Based Human Development Approaches, Jaclyn Berg

Electronic Theses and Dissertations

Building on the plethora of research that demonstrates the way rights language has been more useful for those with wealth and power to further expand capitalist markets, this text extends that criticism to human development programs and institutions. While they claim to be directed towards addressing global issues of poverty and hunger as well as climate crises, they continue to treat the symptoms without accurately diagnosing the disease. Approaches to development that rely on rights without questioning the way rights have been influenced by neoliberal capitalists or without questioning the capitalist global economic system will never be able to achieve …

What, Exactly, Is Surveillance Pricing?, Kaylina Stroud

McNair Summer Research Program

Surveillance pricing is a method of price discrimination in which firms use personal data to set individualized prices. While this practice is often criticized on grounds of privacy, unfairness, or exploitation, these objections do not fully explain what is morally objectionable about surveillance pricing. This paper examines surveillance pricing through the lenses of price discrimination, market competition, efficiency, exploitation, and deception. I argue that surveillance pricing is not inherently unethical merely because it results in different consumers paying different prices for the same product. Nor is it necessarily objectionable when it promotes mutually beneficial exchanges and efficient market outcomes. The …