IOSR-JEF   Volume-14 ~ Issue-1 ~ Jan. – Feb. 2023

Abstract: This study examined the effect of electronic payments system on the economic prosperity of Nigeria, covering a period of 12 years (48 quarters: 2009 – 2019). This was in answer to quest in some quarters on the economic implications of the electronic payment system that have garnered high popularity and massive adoption in the financial service delivery over the traditional payment system in the recent times. The study made use of secondary data with four explanatory variables (mobile payment, web payment, point of sale and automated teller machine) and one explained variable (real gross domestic product), and the data for the study was sourced from Central Bank of Nigeria Statistical Bulletin of 2021. The Augmented Dickey-Fuller Unit Root and the Johansen Cointegration techniques....

Key Word: Mobile Payment, Web Payment, Point of Sale, Automated TellerMachine,Economic Growth

Abstract: Background:Devolution has the goal of devolving economic resources and bringing services closer to the people. Effective public finance management procedures are essential for citizens to feel this. County governments must spend allocated finances properly in order for the Kenyan national government to accomplish its fiscal goals. Government officials must recognize the need of fully utilizing allotted monies in order to provide services to as many individuals as feasible. The study sought to determine the effect of revenue collection on budgetary performanceof Kirinyaga County Government. The theories used in this study were: the Agency theory, Stakeholder theory, and Institutional theory....

Key Word : Revenue collection, Budgetary performance, Financial management

Abstract: Background: Consumption is one indicator of well-being, consumption is an activity to meet the needs of life to satisfy an individual's desires. The purpose of this study was to analyze the effect of work experience and to analyze the difference between additional working hours and no additional working hours on women's consumption, both directly and indirectly through income. Materials and Methods: The objects in this study are women who work in the formal sector, are single, aged 20 to 35 years, and live in Makassar City. The analytical method used in this study is the least squares method. Results: The results of this study indicate that work experience.....

Key Word : Consumption, Income, Work Experience, Time Allocation, Female Labor

Abstract: This research paper investigates the concept of rational and irrational consumer behaviour, focusing on the psychological and societal factors that influence purchasing decisions. Thisinvestigates the impact of cognitive biases, emotions, and brand loyalty on consumer behaviour using a literature review and case study analysis. While rational decision making is often assumed to be the norm, our findings suggest that irrational behaviour is common and can have a significant impact on consumer choices. However, consumer nudging can influence consumer behaviour to a great extent. The paper concludes with advice for marketers and policymakers on how to better understand and influence consumer behaviour.

Abstract: Background:This research aims to determine the effect of spices, main ingredients, packaging tools, and output on Indonesian (South Sulawesi) local food cost of production. This research also calculates the profit maximization condition to reach the sustainability of this business. Materials and Methods: The research was firstly conducted and intending to have a set of experimental data. The production run was done in 13 times.In this research, the cost analysis must be firstly applied. Then a linear regression applied for getting a cost function type in order to know further about the economic scale. Results:The results show that there are only two significant variables, i.e., packaging tools and output.The total cost of this business could be inferred that still inelastic both on input prices and the output. Conclusion: There is an indication that the output needs to be increased further.

Key Words: Local Indonesian Food; Cost of Production; Profit Maximization

Abstract: This study investigated the volatility of exchange rate and consumer price index in Nigeria using monthly series from 2010M1 to 2022M10. The GARCH (1,1) framework and a standard GARCH test in an ARIMA framework were used to check the volatility clustering. The Johansen System cointegration test and Block exogeneity test confirm a long run relationship degree and direction of causality between exchange rate volatility and consumer price volatility. Again, a long run cointegrating unidirectional causality running from consumer price index volatility to exchange rate volatility without feedback, was found. Further findings arising from the study showed that exchange rate and consumer price index exhibited volatility properties in the Nigerian economic environment. Also, a reasonably size correlational coefficient was documented which is connotative of a linear association between exchange rate volatility and price volatility. This study recommends wholistic and system-based approach to policy formulation given the likelihood of transmission effect from the volatility of consumer price index to exchange rate.

Keywords: Exchange Rate Volatility, Consumers Price Index, ARDL, ARIMA, Nigeria JEL Classification Code: B41, C1, D12, E31, F31

Abstract: Bangladesh is turning out to be one of the rapidly growingcountries in terms of GDP, trade business and local and foreign business ventures. With the economy's growth, it is also essential to build up a robust financial system, which has been developing in Bangladesh since the early 2010s. In earlier 2010, there was the inception of Mobile Financial Services (MFS) and Agent Banking Operations, which are mostly the triggering point for a rapid financial inclusion activity.Previously, the informal financial activities were quite popular, which were not highly regulated. With introduction of MFS and Agent Banking initiatives by Bangladesh Bank, formal banking service in limited but updated form were introduced. Due to the ease of use, acceptability rose higher than ever. In this study........

Keywords: Financial Inclusion, Financial Inclusion Index, Vector Error Correlation Model, Determinants, Financial Institutions

Abstract: Microfinance banks (MFBs) in Kenya have continued to record huge annual losses contrarily to their counterpart, commercial banks that have been resilient and reported improved financial performance.The aim of the study was to explore the effect of credit risk on financial performance of Microfinance banksin Kenya. The target population was MFBs regulatedby Central Bank of Kenya (CBK). The study employed census method. Secondary data for thirteen (13) MFBs was collected from published annual reports for the period 2011-2019. The study employed explanatory research design. Unbalanced panel regression model was employed to examine the.......

Keywords: Financial Performance; credit risk; return on asset; return on equity; Microfinance Bank

Abstract: Why Government? What would happen if Government did not exist? What is the ultimate purpose of Government? The main purpose of government is of course law and order and defence. This means military, police, judiciary. But is that all government is for? What is the economic function of government? Is it growth? Is it infrastructure? Is it price stability and near full employment? Or is it equality? This paper postulates that the ultimate purpose of Government is Equality. The biggest reason for existence of government apart from law and order and defence is Equality.

Abstract: Given the increasing trade in cryptocurrencies across the globe and itsuse as a medium of exchange and means of settlement of debts in countries, this dissertation examines the effect of cryptocurrency return and volatility on the naira – United States dollar exchange rate in Nigeria during the period 2015 to 2021, while controlling for economic activity or gross domestic product (GDP) and oil prices. By adopting the GARCH-MIDAS regression approach which uses mixed-data frequencies and the Diebold-Yilmaz Spillover index, the results suggested that cryptocurrency return and volatility havesignificant effects on the Naira to one United States dollar exchange rate in Nigeria, with evidence of permanent and consistent effects in the long run.....