Series-4 (May-June 2019)May-June 2019 Issue Statistics
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Paper Type | : | Research Paper |
Title | : | Impact of Monetary Policy on Economic Growth: Empirical Evidence of Nigeria |
Country | : | Nigeria |
Authors | : | Chukwuemeka Nwamuo, Ph.D |
: | 10.9790/5933-1003040108 |
Abstract: The study investigated the impact of monetary policy on economic growth in Nigeria: Annual time series data were obtained from the Central Bank of Nigeria Statistical Bulletin for the period 1981 to 2017 on the variables used for the study. Unit root test was conducted using Augmented Dickey-Fuller test technique and the result showed that the variables were stationary though at different levels. Co-integration test was also conducted using Johanssen co-integration test method and the result showed that the variables in the model were co-integrated meaning that the variables have a long run relationship. The regression result showed that money supply, liquidity ratio and external reserve have a positive and significant impact on the economic growth in Nigeria The R-squared value showed that about 99 % of the total variations in the dependent variable were explained by changes in the explanatory variables............
Keywords: money supply, Liquidity ratio, external reserves, economic growth.
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[5]. Chipote, P and Makhetha-kos, P (2014). Impact of Monetary Policy on Economic Growth: A case study of South Africa. Mediterraenean Journal of Social Sciences 5(15) 76-84
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Paper Type | : | Research Paper |
Title | : | Employment Intensity of Output Growth in Kenya |
Country | : | Kenya |
Authors | : | Gideon Kiguru Thuku || Dr. Jacob Omolo || Dr. Joseph Muniu |
: | 10.9790/5933-1003040921 |
Abstract: Creation of productive and sustainable employment opportunities remains a key policy priority of most countries including Kenya. Employment creation in Kenya has been based on the premise that high economic growth should translate to more employment opportunities. Kenya has experienced varying rates of economic growth.In spite of the increase in growth rates, Kenya's employment elasticity declined from 1.28 in 1992-1996 to 0.5 and 0.38 in 2004-2008 and 2009-2016 respectively. Since political independence in 1963, the Kenyan government has implemented various fiscal policies that focus on employment creation. Despite all these interventions, creation of adequate, productive and sustainable employment opportunities continues to be one of the greatest economic challenges in the country..........
Keywords: Employment Elasticity, Output Growth
[1]. Rena, R., & Kefela, G. T. (2011). Restructuring a fiscal policy encourages economic growth- a case of selected African countries. Economics and Business, 14(2) 23-39.
[2]. Siyan, P., & Adebayo, F. O. (2005). An emphirical investigation of stability and money demand in Nigeria (1970-1999). Nigerian Journal of Economics Development Matters (NJEDM), 4(1), 87-102.
[3]. Monacelli, T., Perotti, R., & Trigari , A. (2010). Unemployment fiscal multipliers. Journal of Monetary Economics, 57(5), 531-553.
[4]. Omolo, J. (2010). The dynamics and trends of employment in Kenya. Nairobi: Institute of Economic Affairs. [5]. Omolo, J. (2012). Youth employment in Kenya: Analysis of labor market and policy interventions. FES (Friedrich Ebert Stiftung) Kenya Occasional Paper, (1).
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Abstract: Negative Ethno religious diversity in workplace affects the general productivity of an organization which is majorly caused by ethnical differences and religious beliefs among the employees and when the sustainability of an institution/organization is threatened as a result of workplace conflicts, it would seriously affect the going existence of such an organization especially the manufacturing firms. This paper examined the impact of ethnic diversity management on employee engagement of selected manufacturing companies in Nigeria. The paper adopted the survey research design through quantitative research approach. Primary data was elicited through the administration of questionnaires............
Keywords: Ethnic Diversity management, employee engagement, Manufacturing Firms, Nigeria.
[1]. Achenbach, T. (2014). Developmental psychopathology. New York, NY: John Wiley & Sons.
[2]. Boris, K., & Alexei, L. (2014). A SAT Attack on the Erd̋os Discrepancy Conjecture. Department of Computer Science University of Liverpool, United Kingdom. Retrieved 27 February 2014.
[3]. Fajar, S. (2015). Role conflict and stress effect on the performance of employees working in public works department. The International Journal of Engineering and Science (IJES), 4(6), 01-10
[4]. Hyun, S. (2009). Re-examination of Herzberg's Two-Factor Theory of Motivation in the Korean Army Foodservice Operation (MS thesis). Iowa State University.
[5]. Kaliski, B. (2007). Encyclopedia of Business & Finance. (2nd Ed.). Detroit: Thompson Gale.
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Abstract: The indexes of nominal effective exchange rate (NEER) and real effective exchange rate (REER) are used as indicators of international competitiveness. The NEER is the weighted average of bilateral nominal exchange rates of the home currency in terms of foreign currencies important to home trade. It measures the movement of the home currency against the relevant currencies with indications on import prices and export demand. Conceptually, the REER, defined as a weighted average of nominal exchange rates adjusted for relative price differential between the domestic and foreign countries, relates to consumer price index and reflects not only nominal exchange rates but also inflation differentials with trading partners, and is a measure of external competitiveness..........
Keywords: Effective exchange rates, Algerian dinar indexes of effective exchange rates, Nominal effective exchange rate and Real effective exchange rate..
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Abstract: The study was on assessment of risk management and credit administration in Fidelity bank plc, Nigeria. The specific objectives include to: Access the relationship between risk assessment and loan advances product in Fidelity bank plc; ascertain the relationship between controlling of risk and credit monitoring in Fidelity bank plc and evaluate the relationship between risk reporting and loan loss provision in Fidelity bank plc. The theoretical framework is based on two theories namely, Risk-adjusted return on capital and capital asset pricing theory. The study used the survey approach. The researcher obtained data through the use of questionnaire and personal interviews. The area of study includes the Fidelity bank within Enugu metropolis in Enugu State. The primary........
Keywords: Credit Administration, Credit Monitoring, Consumer Finance, Financial Behaviour, Risk Management.
[1]. Abdullahi, S.R. (2013). Efficacy of Credit Risk Management on the Performance ofbanks in Nigeria A Study of Union Bank PLC (2006-2010).Global Journal ofManagement and Business Research Administration and Managemen.13: 45-56.
[2]. Abraham, S., Marston, C., & Darby, P. (2012).Risk reporting: Clarity, relevance, and location. ICAS: Edinburgh.
[3]. Adhirai, A. (2012).Credit administration, measurement and monitoring process-credit and risk management-lecture notes (2), study notes for credit and risk management.https://www.docsity.com/en/credit-administration-measurement-and-monitoring-process-credit-and-risk-managment-lecture-notes-2/167453/.
[4]. Bishnu, P. B. (2018).Determinants of loan loss provisions of commercial banks in Nepal, European Journal of Accounting, Auditing, and Finance Research, 6(9); 23-37.
[5]. Business Enterprises
[6]. CFA Institute (2018). Loan Vs Advance. Retrieved from https://Www.Wallstreetmojo.Com/Loans-Vs-Advances/.
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Abstract: The Common Market for Eastern and Southern Africa (COMESA) was established in 1994 as a step forward the Preferential Trade Area for Eastern and Southern Africa established in 1981 and with the vision of establishing a Common Market and a Monetary Union in the future. This papers aims to identify the potentials and constraints facing the Egypt Africa intra-trade focusing on the COMESA region. The method used in the paper is based on Data Envelopment Analysis that will be used to identify the main factors affecting the trade dimension of integration process between Egypt and other COMESA countries using the Africa Regional Integration Index.
Keywords: COMESA, Egypt, Intra-trade, DEA, Integration Index.
[1]. Ajayi, K. Regional Financial and Economic Integration in West Africa. Stanford: Stanford University, 2005.
[2]. Anne Maria Mayda, Chad Sterinberg. Do South-South Trade Agreements Increase Trade? Commodity-Leel Evidence from COMESA. 2006.
[3]. Carrere, C. "African regional Agreements: Impact on Trade with or without Currency Union." Journal of African Economies 2, no. 13 (2004): 199-239.
[4]. Carrillo-Tudela, C., and C.A. Li. "Trade Blocks and the Gravity Model:Evidence from Latin American Countries." Journal of Economic Integration 4, no. 19 (2004): 667-689.
[5]. Elfadil, Imad Eldin and Ibrahim Ismail. "Potential for Agricultural Trade in COMESA Region: a Comparitive Study of Sudan, Egypt and Kenya." African Journal of Agricultural Research 2, no. 10 (2007): 481-492..