Research Articles in Economcs

Permanent URI for this collectionhttps://repository.nileuniversity.edu.ng/handle/123456789/119

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End date: 2024Subject: search.filters.subject.Economic growth

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    Sovereign wealth fund on sustainable economic growth in Nigeria
    (Asian Online Journal Publishing Group, 2023-02-02) Inim Victor Edet; Udoh, Francis Sylvanus; Lungu, Tumba Denis
    The Sovereign Wealth Fund (SWF) nations understood that having enough money in easily accessible foreign accounts would be beneficial to the government in times of fiscal crisis, currency devaluation, natural economic calamity, and even political upheaval to help cushion sustainable economic growth. Between Q1 2005 and Q4 2020, the study looked at the impact of Nigeria's sovereign wealth fund on the country's ability to sustain economic development. In order to conduct the empirical analysis, the study used the ARDL technique of analysis. In order to prevent erroneous regression results, unit root tests were performed on each of the variables. The co-integration test revealed that there is a long-term (or equilibrium) relationship between Nigeria's sovereign wealth fund and the sustainability of its economic growth. It was revealed that Nigeria's gross domestic product was significantly impacted by the Nigerian Infrastructural Fund. Last but not least, it was revealed that the stability Fund has a considerable impact on GDP in Nigeria. Future Generation Fund was also found to have a big impact. On the whole, SWF impact significantly on sustainable economic growth in Nigeria. If government wishes to maintain economic growth and improve the lives of Nigerians, it should demand and pursue effective control and monitoring of the infrastructure, future and stabilization funds.
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    INFORMAL FINANCIAL INSTITUTIONS' CREDIT AND POVERTY ALLEVIATION IN NORTH CENTRAL-NIGERIA
    (Lafia Journal of Economics and Management Sciences, 2018-02-02) Mohammed Yelwa (PhD); Obansa S.A.J (PhD); Awe Emmanuel Omoniyi
    This study seeks to investigate the link between Informal Financial Institutions' Credit and Poverty Alleviation in North Central States Nigeria. A Binomial Logit Regression approach was employed with data from structured questionnaires having IFIs credit and SMEDEV as variables. The finding revealed that there is a significant impact of Informal Financial Institutions' Credit and poverty alleviation in north central-states-Nigeria. The study therefore concluded that there exists a significant relationship between IFIs credit and poverty alleviation in north central-Nigeria.The study recommends among others that education of the rural poor to embark on viable projects, disbursement of fund through Informal Financial Institutions (IFIs) and favorable government policiesso asto make the sector becomesrelevant.
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    Effects of Economic Growth on Poverty Reduction In Nigeria
    (IOSR Journal of Economics and Finance (IOSR-JEF), 2018-02-02) Oyegoke Ebunoluwa; Wasiu Yusuf
    This paper explored the effect of economic growth on poverty reduction in Nigeria using a time series data spanning from 1980-2016. Unit Root and Johansen Cointegration tests were carried out to determine stationarity and long-run relationship among the variables respectively, while the VAR was carried out to determine the effect of Government expenditure, unemployment growth rate and Real GDP on poverty incidence. The result shows that Government expenditure is positively related to poverty incidence. This suggests that the poor are not benefitting from the economy at large, especially from total government expenditure. The GDP coefficient (a proxy for economic growth) conforms to the a-priori expectation, which depicts a negative relationship between economic growth and poverty incidence, while unemployment relates positively to poverty reduction. Therefore, the government should work more on job creations by focusing more on the labour -intensive sectors, basically, Agricultural and Industrial sectors. Also, economic growth and government spending should be directed at the pro-poor projects, mostly the Bottom-40 percent by providing the essential amenities, especially good infrastructures, financial benefits and aids to families with dependant children, and old people, also, medical aids should be available for the poor
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    Labour Force Participation and Economic Growth in Nigeria
    (Scientific Press International Limited, 2020-02-02) Muhammad M. Yakubu; Benedict Akanegbu N; Jelilov G
    This paper has examined empirically the effect of labour force participation on economic growth in Nigeria. Time series data for both the dependent and independent variables were sourced from World Bank Development Indicators 2018 database for the period 1990-2017. Johannsen’s Cointegration, and Vector Error Correction model (VECM) econometric tools were used. Finding shows that the variables have long-run relationship and also long-run causality was found running from LFPR and GFCF to RGDP. The study recommends that it is necessary for policy makers to address the problems of unemployment and gender inequality in employment.