African Journal of Economics and Sustainable Development最新文献_第6页

Nexus between Exchange Rate Fluctuation and Foreign Direct Investment in Nigeria 汇率波动与尼日利亚外国直接投资之间的关系

African Journal of Economics and Sustainable Development Pub Date : 2022-04-28 DOI: 10.52589/ajesd-aybgjfwj

Adegoriola A.E., Emmanuel S.C.

{"title":"Nexus between Exchange Rate Fluctuation and Foreign Direct Investment in Nigeria","authors":"Adegoriola A.E., Emmanuel S.C.","doi":"10.52589/ajesd-aybgjfwj","DOIUrl":"https://doi.org/10.52589/ajesd-aybgjfwj","url":null,"abstract":"This study examined the nexus between exchange rate fluctuation and foreign direct investment in Nigeria from 1986 to 2020. The research was conducted using relevant econometric tools which include unit root test, co-integration test and Autoregressive Distributed Lag (ARDL) model. The results of ADF unit root test revealed that only interest rate is stationary at level while exchange rate, foreign direct investment, gross capital formation and inflation rate became stationary at first deference. The bounds test showed that there is a long run relationship between the foreign direct investment inflows, interest rate, exchange rate, gross capital formation and trade openness in Nigeria. The findings revealed a negative relationship between exchange rate and foreign direct investment in Nigeria and all the lagged value of exchange rate are statistical significant at 5% level of significant, which an indication of exchange rate importance on foreign direct investment inflows into Nigeria to a two standard error shock of exchange rate showed that exchange rate effect on foreign direct investment is persistence and significantly positive over the a period of up to 8 years after the shock. The exchange rate, though relatively stable, has a profound effect on foreign direct investment in Nigeria. The study recommended that given the perceived over-valued naira, a deliberate effort toward revaluation of the naira to reflect the true value of dollar to naira exchange rate will obviously increase the exchange rate and as such makes it cheaper to invest in Nigeria by foreign businesses.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121575928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Influence of Solid Mineral Development on Economic Growth in Nigeria 固体矿产开发对尼日利亚经济增长的影响

African Journal of Economics and Sustainable Development Pub Date : 2022-04-28 DOI: 10.52589/ajesd-okeyvqz6

Abayomi M.A., Olufemi O.R.

引用次数: 0

Determinants of Private Sector Growth in Nigeria, 1981 - 2020 1981 - 2020年尼日利亚私营部门增长的决定因素

African Journal of Economics and Sustainable Development Pub Date : 2022-04-12 DOI: 10.52589/ajesd-36otgp1x

Okeke C.C., Maduka O.D., Okonkwo I.C.

{"title":"Determinants of Private Sector Growth in Nigeria, 1981 - 2020","authors":"Okeke C.C., Maduka O.D., Okonkwo I.C.","doi":"10.52589/ajesd-36otgp1x","DOIUrl":"https://doi.org/10.52589/ajesd-36otgp1x","url":null,"abstract":"This study examines and analyses the determinants of private sector growth in Nigeria. The dependent variable is Private Sector Growth (PSG) and the independent variables are Real Gross Domestic Product (RGDP), Interest Rate (INTR), Per Capita Income (PCI), Inflation Rate (INFR), Exchange Rate (EXR), Broad Money Supply (BMS). The data for the study were sourced from CBN Statistical Bulletin, 2019 / 2020 edition from 1981 to 2020. The study employed Cointegration and Error Correction Mechanism as the main analytical tool. It also applied the unit root test and results showed that the data were integrated at order one while the long-run relationship among the variables was confirmed using the Johansen (1988) cointegration test. Estimates of the Error Correction Model result showed that Interest Rate (INTR), Exchange Rate (EXR) have a negative significant relationship with the determinants of private sector growth in Nigeria, Broad Money Supply (BMS) has a negative significant relationship with the determinants of private sector growth in Nigeria. In conclusion from the above results, it was observed that the determinants of the private sector growth in Nigeria contributed to the improvement and enhancement of Interest Rate, Exchange Rate and Broad money Supply in Nigeria. It was recommended that interest rate, exchange rate and broad money supply have a significant positive and negative relationship between interest rate, exchange rate and broad money supply with the determinants of private sector growth in Nigeria base on this result: it is recommended that continued attraction of real sector development from private investors would boost economic growth in Nigeria. And also to develop human capital for Nigeria would be to put in place policies and infrastructures that could encourage private investment inflows.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"97-B 11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128476203","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A Review of Land Information Management Systems 土地信息管理系统综述

African Journal of Economics and Sustainable Development Pub Date : 2022-03-30 DOI: 10.52589/ajesd-ri2x0zq2

Nwafor I.V., Sado R.O., J. I.P.

引用次数: 1

Remittances and Financial Development in Kenya: An Autoregressive Distributed Lag Approach 肯尼亚的汇款和金融发展:一种自回归的分布式滞后方法

African Journal of Economics and Sustainable Development Pub Date : 2022-03-24 DOI: 10.52589/ajesd-tjtnptql

G. G. Atem

{"title":"Remittances and Financial Development in Kenya: An Autoregressive Distributed Lag Approach","authors":"G. G. Atem","doi":"10.52589/ajesd-tjtnptql","DOIUrl":"https://doi.org/10.52589/ajesd-tjtnptql","url":null,"abstract":"This study estimates an Autoregressive Distributed Lag (ARDL) econometric model between 1970 to 2018 to test the long-run effect of remittances on financial development in Kenya. It also interacts remittances with monetary policy and human capital to test their complementarity in facilitating financial development. The long-run model finds that remittances hurt financial development contradicting the theoretical view. A possible explanation is the substitutability hypothesis which states that remittances replace the demand for financial products. The long-run model’s results find that monetary policy complements remittances while human capital harms the complementarity role of remittances. More studies are required to isolate the cause of the negative externality of human capital in facilitating remittances to boost financial development. Surprisingly, openness and economic growth used as control variables have negative effects on financial development, which also need further study. The long-run equilibrium model adjusts at a speed of 51.8 percent to correct short-term disequilibrium after every two years. The study recommends that policymakers in Kenya should be cautious about the negative side effects of remittances on financial development. This study recommends that policymakers identify prudent monetary, exchange rate, trade, and fiscal policies to curb the side effects of remittances in the economy and broader development planning.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128697557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Demographic and Environmental Factors on Women’s Health Outcome in Nigeria 影响尼日利亚妇女健康结果的人口和环境因素

African Journal of Economics and Sustainable Development Pub Date : 2022-03-17 DOI: 10.52589/ajesd-pcbffomz

Akeju K.F., Akode T.O.

{"title":"Demographic and Environmental Factors on Women’s Health Outcome in Nigeria","authors":"Akeju K.F., Akode T.O.","doi":"10.52589/ajesd-pcbffomz","DOIUrl":"https://doi.org/10.52589/ajesd-pcbffomz","url":null,"abstract":"Despite the improvement in health status and health expenditure in Nigeria, health outcomes measured by the life expectancy rate remains low. This paper investigates the relationship existing between environmental factors and female life expectancy in Nigeria. Using annual time series data for the period 1990–2019 from the World Bank databases, evidence of poor environmental factors of sanitation, carbon dioxide emission and low access to electricity was found over the period. Johansen cointegration regression analysis results affirmed the presence of a long-run relationship among the variables while the result of the vector error correction model indicates that in the short run, environmental factors of access to electricity and carbon dioxide emission, from the use of petroleum-derived fuels as an energy cooking source, have a negative relationship with life expectancy. Demographic factors also exhibit a negative relationship with life expectancy; the lag of fertility rate has a negative effect on female life expectancy. We conclude that women's health outcomes are associated with their demographic and environmental factors which have a significant impact on their life expectancy. There is a need for the government to make plans on improving demographic factors towards improving female life expectancy in Nigeria.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"171 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121640694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Long-Run and Short-Run Relationship between Budget Deficits and Inflation Rate in Nigeria 尼日利亚预算赤字与通货膨胀率的长期和短期关系

African Journal of Economics and Sustainable Development Pub Date : 2022-03-17 DOI: 10.52589/ajesd-r4v56zpl

Isiaka M.A., Lamidi L.O., Kareem R.O, O. P.F.

引用次数: 0

Money Supply Behavior in Egypt (2004-2019) 埃及货币供给行为(2004-2019)

African Journal of Economics and Sustainable Development Pub Date : 2022-03-08 DOI: 10.52589/ajesd-4veyypje

Solaiman S.H., Mohammed A.T.

引用次数: 0

Impact of Fruits and Vegetables Export on Economic Growth in Nigeria (1981-2019) 水果和蔬菜出口对尼日利亚经济增长的影响（1981-2019 年）

African Journal of Economics and Sustainable Development Pub Date : 2022-03-03 DOI: 10.52589/ajesd-yindfkbq

Okorie G.C., N. N.

{"title":"Impact of Fruits and Vegetables Export on Economic Growth in Nigeria (1981-2019)","authors":"Okorie G.C., N. N.","doi":"10.52589/ajesd-yindfkbq","DOIUrl":"https://doi.org/10.52589/ajesd-yindfkbq","url":null,"abstract":"This study empirically examined the impact of fruits and vegetables exports on economic growth in Nigeria covering the period 1981-2019. To actualize the aim of this study, data for the research were extracted from the Central Bank of Nigeria (CBN) statistical bulletin, 2019. The method used in estimating the parameters of the model was the linear regression with the application of Ordinary Least Squares (OLS) technique and the Granger causality analysis. The major findings of the study are that fruits and vegetables exports contributes negatively but insignificantly to economic growth in Nigeria, government agricultural expenditures contribute negatively but insignificantly to economic growth in Nigeria and rainfall contributes negatively but insignificantly to economic growth. It is the recommendation of this study that; the government of Nigeria should encourage farmers by giving soft loans for agricultural activities especially for fruits and vegetables. This will help farmers meet up with financial needs in terms of purchasing some seeds, hiring machines, etc thereby boosting the massive production and exportation of fruits and vegetables in Nigeria.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"11 suppl_1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129952690","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Oil Revenue and Economic Growth of Nigeria: 1990 – 2019 尼日利亚的石油收入和经济增长:1990 - 2019

African Journal of Economics and Sustainable Development Pub Date : 2022-02-17 DOI: 10.52589/ajesd-jwzxifnw

Appah Ebimobowei

{"title":"Oil Revenue and Economic Growth of Nigeria: 1990 – 2019","authors":"Appah Ebimobowei","doi":"10.52589/ajesd-jwzxifnw","DOIUrl":"https://doi.org/10.52589/ajesd-jwzxifnw","url":null,"abstract":"The oil and gas business in Nigeria has brought unparalleled fluctuations to the Nigerian economy, mostly in the past five decades after it substituted agriculture as the basis of the Nigerian economy. This study investigated the relationship between oil revenue and economic growth in Nigeria. It spanned through the period 1990 through 2019. The specific objectives are to investigate the relationship between crude oil/gas export, petroleum profit tax/royalty, domestic crude oil sales, oil licensing fees on real gross domestic product and real gross national product in Nigeria. And also, ascertain whether the exchange rate moderates the relationship between oil revenue and economic growth in Nigeria. The study employed an ex post facto research design and the secondary data used for the investigation were sourced from the Central Bank of Nigeria (CBN) statistical bulletin, Federal Inland Revenue Service Fact Book and the World Bank Development Website. Descriptive Statistics, Pearson Moment Correlation Coefficient and Ordinary Least Square Multiple Regression Statistical tools were used in the study. The results revealed that Crude oil/gas export has a significant and negative relationship with the real gross domestic product in Nigeria; Petroleum profit tax/royalty has a significant and positive relationship with real gross domestic in Nigeria; Domestic crude oil sales have an insignificant and negative relationship with real gross domestic product in Nigeria; Oil licensing fees have an insignificant and negative relationship with real gross domestic product in Nigeria; The study concluded that there is a significant relationship between oil revenue and economic growth in Nigeria. The study recommends that the government should effectively and efficiently utilize the oil fund in strategic development projects so as to reduce the rate of poverty and facilitate economic growth.","PeriodicalId":406884,"journal":{"name":"African Journal of Economics and Sustainable Development","volume":"94 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115415507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1