Series-1 (March-April 2019)March-April 2019 Issue Statistics
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| Paper Type | : | Research Paper |
| Title | : | Comparative Analysis of FDI in SAARC and ASEAN countries |
| Country | : | Bangladesh |
| Authors | : | Sharmin Akhter |
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: | 10.9790/5933-1002010105  |
Abstract: This paper compares Foreign Direct Investment (FDI) inflow and outflow trends in South Asian Association for Regional Cooperation (SAARC) between Association of Southeast Asian Nations (ASEAN) countries. It argues that ASEAN- despite of being Asian countries-has been achieved tremendous economic progress during the last few decades due to the integration with global economy through foreign direct investment(FDI). SAARC, on the other hand, has yet to lag behind in attracting FDI and struggling with lots of socio-economic problems. These insights can be taken consideration for the future development of SAARC and ASEAN as successful region in the world.
Keywords: Foreign Direct Investment (FDI), South Asian Association for Regional Cooperation(SAARC), Association of Southeast Asian Nations (ASEAN)..
[1]. Abdin, M.J. (2015). Foreign Direct Investment (FDI) in SAARC Countries. Global Journal of Management and Business Research: c Finance. Vol.15, issue.8. ISSN:2249-4588.
[2]. Alam, M.S (2012). Foreign Direct Investment in Bangladesh: A Critical Analysis, South East Asian Journal of Contemporary Business, Economics and Law, Vol.1.
[3]. Adhikary, B. K. 2011, "FDI, trade openness, capital formation, and economic growth in Bangladesh: A linkage analysis‟, International Journal of Business and Management, vol. 6, No. 1, pp. 16-28.
[4]. Chakraborty, C. and Basu, P. (2002). Foreign direct investment and growth in India: A co integration approach. Applied economics, 34(9), 1061-1073.
[5]. Rahman, A. 2011, "Foreign direct investment in Bangladesh, prospects and challenges and its impact on economy‟, Retrieved 1 September 2016, from http://www.bankingandfinance.ait.asia/sites/default/files/report/report_afsanarahman.pdf.
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| Paper Type | : | Research Paper |
| Title | : | Institutional Quality and Economic Development: Focus on the Moroccan Case |
| Country | : | Morocco |
| Authors | : | Younes EL Khattab || Mounia Bettah || Chourouk Moudine |
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: | 10.9790/5933-1002010613 |
Abstract: Over the last decades, the world economy has undergone profound changes, producing a heterogeneous trajectory in terms of growth rate and development dynamics. Economic studies that have looked into this issue have revealed that institutional quality has an undeniable role in economic development, to the extent that a country's explicit and implicit standards of behavior condition its economic performance. Thus, the initiation of a rapid process of economic catch-up requires the establishment of an institutional framework that takes into account the specificities of a society and explicit and implicit norms of behavior that condition economic behavior. This study is part of the same analysis and attempts to highlight institutional quality's important role in explaining economic performance. The analysis was based on the exploitation of a set of databases, in order to determine the institutional variables that explain the level of development..
Keywords: Institutional Quality, Economic growth, Development level, Intangible Capital
[1]. Kaufmann D., Kraay A. and Zoido-Lobaton P. (1999), Governance Matters, World Bank Working Paper N° 2196.
[2]. Dollar D. and Kraay A. (2003), Institutions, Trade, and Growth: Revisiting the Evidence, The World Bank.
[3]. HEC Paris, W. Havas Design+, Ernst & Young and Cap, Nation Good-will Observer, 2012.
[4]. Khan M. (2004), State failure in developing countries and strategies of institutional reform, SOAS working paper, University of London.
[5]. Khan M. (2006), Governance and Anti-Corruption Reforms in Developing Countries: Policies, Evidence and Ways Forward, UNCTAD
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| Paper Type | : | Research Paper |
| Title | : | Employee Involvement in Change Management in Organisations: A Case of the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) |
| Country | : | |
| Authors | : | Bhebhe Thomas || Kwanisai Tendai || Professor Muranda Zororo || Sifile Obert |
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: | 10.9790/5933-1002011427 |
Abstract: This study explored the involvement of employees in change management. Specifically, the study sought to analyse change initiatives at the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) by assessing the levels of employee involvement during initiation, planning, implementation, monitoring and evaluation stages. A case study design and mixed research approach were employed. The study was thus both quantitative and qualitative. Questionnaires and interviews were used as tools for collecting data from respondents. Descriptive statistics were used to identify the change initiatives and levels of employee involvement in the same. Chi Square Tests were used to analyse the levels of employee involvement and the factors influencing the involvement. Results revealed that ZETDC has undergone several change initiatives, but minimal employee involvement in change.........
Keywords: Change, change management, employee involvement, organizational change.
[1]. Armstrong, M. (2009). Handbook of Human Resource Management Practice. 11th Ed. London: Kogan Page.
[2]. Bamford, D.R. & Forrester, P.L. (2003). Managing planned and emergent change within an operations management environment. Internatioanal Journal of Operations and Production Management, 23(5), pp. 546-564.
[3]. Besterfield, D.H. (2005). Total Quality Management. 1st ed. New Jersey : Prentice Hall.
[4]. Bhatt, P.R. and Bhatt, R.R. (2017). Managing Change at Muhibbah Engineering. South Asian Journal of Business Management Cases, 6(1), pp. 12-25.
[5]. Bhattacharyya, D.K. (2013). Managing Change with a Time-Tested Organic Model. Compensation and Benefits Review, 45(6), pp. 340-349..
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| Paper Type | : | Research Paper |
| Title | : | Global Real Estate Benchmark Indices And 10-Year Annualized Performance Report Of Foreign Direct Investment In Nigeria's Commercial Real Estate Market |
| Country | : | Nigeria |
| Authors | : | Obi, Nkiruka Evangeline || Emoh, Fidelis I. || Egolum, Charles C. |
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: | 10.9790/5933-1002012836 |
Abstract: The discourse on performance appraisal has not given adequate attention to how performance indices and modelling of Foreign Direct Investment (FDI) in the commercial real estate markets of sub-Saharan economies such as Nigeria, compare with global benchmark. The study relied on this foundation to examine the empirical constructions of the MSCI index in a bid to establish a mean global benchmark index for measuring FDI performance in Nigeria's commercial real estate market. The objectives of the study were to ascertain the extent to which yield from foreign commercial real estate investments domiciled in Nigeria compares with international benchmark yield, compare the capital growth rate of foreign commercial real estate assets in Nigeria against international..........
Keywords: FDI, Commercial real estate returns, Real estate performance appraisal.
[1]. Booth, P. and Marcato, G. (2003). The measurement and modelling of commercial real estate performance. Presented to the Institute of Actuaries, 22 September 2003
[2]. Krystalogianni, A., Matysiak, G. and Tsolacos, S. (2004). Forecasting UK commercial real estate cycle phases with leading indicators: A Probit approach. Applied Economics. Retrieved on January 15 2019 from https://www.msci.com/documents/10199/0dc1184b-e692-418a-a181-5a9b8fcfa2a3
[3]. MSCI (2018). MSCI global intel measures. Retrieved in January 15, 2019 from msci.com/documents/1296102/8952522/global-intel-measures-guide-2018.pdf
[4]. Napoli, G., Giuffrida, S., Trovato, M. and Valenti, A. (2017). Cap rate as the interpretative variable of the urban real estate capital asset: A comparison of different sub-market definitions in Palermo, Italy. Buildings 7(80)
[5]. Richard, M.H. (1984). Modern Human Relations. New York: CBS college publishing..
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| Paper Type | : | Research Paper |
| Title | : | The Dynamics of Monetary Policy and Inflation in Nigeria |
| Country | : | Nigeria |
| Authors | : | Tonprebofa Waikumo Okotori |
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: | 10.9790/5933-1002013749 |
Abstract: This study evaluated the dynamics of monetary policy and inflation in Nigeria. Monthly data from 2009-2017 were used to estimate the model derived. The Augmented Dickey-Fuller (ADF) unit root test, Johansen Cointegration test and Error Correction model (ECM) were adopted. The findings of the ADF revealed that except for money supply and exchange rate that are integrated at order two1(2), all other variables are stationary at order one 1(1). The Johansen Cointegration test reveals the presence of a long run relationship between inflation and all the variables adopted. The ECM result for the two estimated models show a self-equilibrating mechanism of..........
Keywords: CBN, ECM, exchange rate, inflation rate, monetary policy rate, money supply.
[1]. P. De Graurve, & M. Polan, Is inflation always and every where a monetary phenomenon? The Scandinavian Journal of Economics, 107, (2), 2005, 239-259.
[2]. C. O. Orubu, Inflation in Nigeria: Concept, measurement and control, Bullion, 33, (1). 2009.
[3]. G. Ahiabor, The effect of monetary policy on inflation in Ghana, IISTE Developing Countries series, 3(12), 2013.
[4]. P.M. Job, Is monetary policy the best instrument for inflation targeting in the Nigerian Economy? Journal of Business and Organizational Development, 3, 2011, 35-39.
[5]. G.E Bassey, & E.B. Essien, Monetary credit, foreign trade and exchange rate policy guidelines for fiscal years 2014/2015, Journal of Economics and Sustainable Development, 5(12), 2014, 88-101...
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| Paper Type | : | Research Paper |
| Title | : | Clean Energy Consumption and Economic Growth: Using Obor Countries |
| Country | : | China |
| Authors | : | Mohamoud Said Mohamed || Huaping Sun || Gulzara Tariq |
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: | 10.9790/5933-1002015056 |
Abstract: The study aims to investigate the relationship between clean energy and economic growth of one belt one road countries year from 1990 to 2014. Random, fixed effects and robust regressions were used to determine the relationship. Results reveals a positive and significant relationship between combustible renewable and waste, energy consumption, alternative, and nuclear energy and economic growth. This study concluded that governments of one belt one road invest in clean energy production in order to get benefit in the form of economic growth.
Keywords: One Belt One Road; Clean Energy; Economic Growth
[1]. Apergis, N., Payne, J.E., 2010a. A panel study of nuclear energy consumption and economic growth. Energy Econ. 32 (3), 545 e 549.
[2]. Apergis, N., Payne, J.E., 2010b. Renewable energy consumption and growth in Eurasia. Energy Econ. 32 (6), 1392 e 1397.
[3]. Apergis, N., Payne, J.E., 2011. On the causal dynamics between renewable and non- renewable energy consumption and economic growth in developed and developing countries. Energy Sys. 2 (3e 4), 299 eb312.
[4]. Bilgili, F., Koçak, E., Bulut, Ü., 2016. The dynamic impact of renewable energy consumption on CO2 emissions: a revisited environmental KUZNETS curve approach. Renew. Sustain. Energy Rev. 54, 838 e845.
[5]. Brown, M.A., Gumerman, E., Sun, X., Sercy, K., Kim, G., 2012. Myths and facts about electricity in the US South. Energy Policy 40, 231–241...
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| Paper Type | : | Research Paper |
| Title | : | Influence of Financial Management Practices On the Financial Performance of Public Secondary Schools in Kathiani Subcounty |
| Country | : | |
| Authors | : | Joseph Muia Kinyanzii || Prof. Charles Ombuki || Ms. Fides Kalii |
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: | 10.9790/5933-1002015770 |
Abstract: The study sought to establish the influence of financial management practices on the financial performance of public secondary schools in Kathiani sub-county. The study was carried out to primarily examine the influence of financial management practices (budgeting, procurement and financial recording) on the payment of suppliers, completion of school projects, payment of staff salaries and collection of revenues. The study was carried out in Kathiani Sub-county, Machakos County where a total of 30 public secondary schools were targeted. The study applied a...........
[1]. Aketch, J.M. (2005). Development Partners and Governance of Public Procurement in Kenya: Enhancing Democracy in the Administration of Aid. New York University School of Law, New York
[2]. Alomba, S.K. (2003).Factors that Influence Financial Management in Secondary Schools in Migori District. Unpublished thesis, Kenyatta University.
[3]. Ayot, H.O. &Lillies K. (1987), The Participation of Local Community in the Financing of Education in Kenya. Paris.
[4]. Basheka, B. (2006). "Derivations from Applicable Procurement and Disposals Method", Procurement News, Vol. 2, Issue No. 3, pp. 44-45.
[5]. Best, J.W. & Khan, J.V. (2004). Research in Education, 7th Edition. New Delhi: Prentice Hall of India.
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| Paper Type | : | Research Paper |
| Title | : | Microfinance Banks and Savings Mobilization: Case Study of ABC Microfinance Bank Okada, Edo State, Nigeria |
| Country | : | Nigeria |
| Authors | : | Odejimi, Deborah Omotsefe || Edogiawerie Monday Nosa |
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: | 10.9790/5933-1002017177 |
Abstract: This paper presents field findings as to why microfinance banks in rural areas have not been able to mobilise savings or the use of bank services effectively. Data was collected through primary and secondary sources. The Chi-square and Pearson's Correlation Matrix were used in the analyses of data. All the null hypotheses tested were rejected. The findings conclude that ABC Microfinance Bank has not been effective in mobilising savings from Okada community. Some of the factors that militated against the bank's success were the individuals' level of education, access to loan, incentives to encourage savings and others. It was recommended that the bank employs marketers to assist in the mobilization of savings from the community. The bureaucracies in obtaining loans should be relaxed so as to accommodate the uneducated and the poor. Government should consider reviewing deposit interest rate upward to encourage saving.
Keywords: Microfinance, Saving, Bank, Okada, Mobilization
[1]. Abayomi A. (2011) Savings mobilization strategic for effective microfinance. https://www.vanguardngr.com/2011/02/savings-mobilization-strategic-for-effective-microfinance-mutua/ Retrieved 12.01.19
[2]. Beverly, S. &Sherraden, M. (1999). Institutional determination of savings: Implication for low-income households and public policy. Journal of Socio-Economics, 28 (4), 457-473.
[3]. Bime, M. W. (2007). Savings mobilization and rural credit market performance in the North West Province, Cameroon. Unpublished PhD thesis, University of Calabar, Nigeria.
[4]. Blanchet, T. (1986). Rural Women, Savings and Credit: An Anthropological View. Typescript. Quoted in C. Maloney and A.B. Ahmed, Rural Savings and Credit in Bangladesh (Dhaka: University Press Limited, 1988), l0.
[5]. Chete, L.N. (1999). Macroeconomic Determinants of Private Savings in Nigeria, NISER Monograph Series, No. 7, pp.1-4.
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| Paper Type | : | Research Paper |
| Title | : | Nigeria's Economy Challenges: Causes and Way forward |
| Country | : | Nigeria |
| Authors | : | Adams Oluwadamilola Kemi |
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: | 10.9790/5933-1002017882 |
Abstract: Nigeria has been going through a lot of economic problems in the recent years. This paper discusses the challenges of Nigeria's economy problems, causes and the way forward. Ineffective Leadership and Corruption, Over Reliance on Oil, inflation, unemployment, Government policy, Monetary policies, Inadequate infrastructures and power supply, Inadequate health facilities, Insecurity were identified as the major causes of the challenges of Nigeria's economy and some way forward were identified from the study which are The study noted that strong law against corrupt practices should be put in place, Development of both Private Sector and Small Businesses, Unity, Implementation...........
Keywords: Nigeria's Economy, Challenges and Way forward
[1]. Abe 2016 Economic Recession; the Way Forward For Nigeria
[2]. Adelman, A., 2000 Determinants of growth and development of the Australian economy. Australian journal of Economics, 14(3): 19- 42
[3]. Ademola, A., 1998. Consequences of oil price shocks on the economic growth of the Nigerian economy: 3. An econometric analysis. . Journal on Social Economics, 3(3): 2-7.
[4]. Akide, A., 2007. Growth implications of oil price variations. A case study of Nigeria 8(2): 20-27.
[5]. Aregbesola 2015 Nigeria's economic crisis: The way forward retrieved from the guardian news paper on 16th August 2015