Version-1 (July-August 2015)
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| Paper Type | : | Research Paper |
| Title | : | Foreign Investment and Its Effect on the Economic Growth in Nigeria: A Triangulation Analysis |
| Country | : | Nigeria |
| Authors | : | Dr. Okafor, Ebele Igwemeka || Ezeaku, Hillary Chijindu || Eje, Grace Chinyere |
Abstract: Evidence abound about the registered increase in foreign investment inflows in recent years. While proponents emphasize that these inflows could engender economic growth, critics express concern that there could be destabilizing effect on the economy if not well managed. This study therefore, attempts to examine the effect of foreign investments (disaggregated into foreign direct investment and foreign portfolio investment) inflows on economic growth in Nigeria with a view to ascertaining the better contributor, using time series data from 1987-2012.
[1]. Aitken, B., Hanson, G.H. & Harrison, A.E. (1997). Spillovers, Foreign Investment and Export Behavior. Journal of International Economics, 43(1-2): 103-132.
[2]. Amadi, E. (2002). The Impact Of Macroeconomic Environment on Foreign Direct Investment in Nigeria. International Journal of Development, 4(2).
[3]. Ariyo, A. (1999). Appropriateness of Development Financing Mix of Sub-Saharan African Economies: evidence from Nigeria. Nigerian Journal of Economic and Social Studies, 4.
[4]. Barro, R. & Martin, S.I. (1995). Capital mobility in Neo-classical models of growth. American Economic Review, 85: 103 – 115.
[5]. Bishop, B. (1997). Foreign Direct Investment in Korea: The Role of the State. Brookfield Brown, C. V (1962, Ver Month; Ash Gate.
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| Paper Type | : | Research Paper |
| Title | : | An Assessment of Project Portfolio Management Techniques on Product and Service Innovation: Evidence from Nigerian Selected Industries |
| Country | : | India |
| Authors | : | Adesina, Oluseyi Temitope, Phd. || Ikhu – Omoregbe, Sunday || Oyewole, Olabode Michael |
Abstract: The crises of product and service innovation in most organisations due to global competition and the need for scientific research in the project portfolio management discipline were factors that motivated this research. The purpose of this study is to investigate how project portfolio management(ppm) contributes to product and service innovation. A questionnaire was developed to gather data to compare the PPM methods used, PPM performance and resulting new product success measures in sixty Nigeria organisations in a diverse range of service and manufacturing industries. The study findings indicated that PPM practices have a greater impact in the new product and services success rate. Also, business strategy method result in better alignment of the projects in the portfolio.
[1]. Adams-Bigelow, M. (2006), "Rejoinder to "Establishing an NPD best practice framework‟", Journal of Product Innovation Management, 23:117-119.
[2]. Ang, A. H. S., & Tang, W. H. (1984). Probability Concepts in Engineering Planning and Design, Volume II - Decision, Risk and Reliability. New York: John Wiley.
[3]. Bonham, S. (2004). IT Project Portfolio Management, Artech House Publishers. Berinato, S. (2001). Do the math. Retrieved from www.cio.com
[4]. Blomquist, T., & Müller, R. (2006). Practices, roles, and responsibilities of middle managers in program and portfolio management. Project Management Journal, 37(1), 52–66.Boston, MA: International: McGraw-Hill.
[5]. Bolton, B., and Thompson, J. (2005). Entrepreneurs – Talent, Temperament, Technique. 2nded Oxford: Elsevier Butterworth-Heinemann
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| Paper Type | : | Research Paper |
| Title | : | Fiscal Federalism and Resource Control in Nigeria |
| Country | : | Nigeria |
| Authors | : | Ngozi Nwogwugwu, PhD. || Adewale K. Kupoluyi |
Abstract: Fiscal federalism has occupied the front burner of political discourse in Nigeria, since the return to civilian rule. The oil producing states of Niger delta region have been very vocal in their agitations for restructuring of the parameters for sharing the wealth of the nation which is located within their domain. Other southern states joined the agitations for resource control, which is believed would make more resources available to the various states to ensure development. The agitations have arisen because a larger portion of the national wealth is allocated to the federal government at the detriment of the oil producing states. The paper examined the genesis of fiscal centralization and decentralization
[1]. Adedeji, A. (2002). Panacea to True Federalism, The Punch of April 16.
[2]. Akinjide, R. (2001). June 12 Changed Nigerian Politics, The Guardian, June 9.
[3]. Ako, R. (2011). Resource Exploitation and Environmental Justice in Developing Countries: The Nigerian Experience in F. Botchway (ed.), Natural Resource Investment and Africa‟s Development. Cheltenham: Edward Elgar, pp. 72-104
[4]. Ako, R. and Okinmah, P. (2009). Minority Rights Issues in Nigeria: A Theoretical Analysis of Historical and Contemporary Conflicts in the Oil-Rich Niger Delta Region. International Journal on Minority and Group Rights 1, 53-65.
[5]. Aluko, S. (2001). Aluko advises States to demand more revenue not resources control. The Comet. May 2
[6]. Azaiki, S. (2003). Inequities in Nigerian Politics. Yenagoa: Treasure Communication Resource Limited.
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| Paper Type | : | Research Paper |
| Title | : | Socio-Political Implications of Youth Unemployment on Nigeria's Economic Development |
| Country | : | Nigeria |
| Authors | : | Ngozi Nwogwugwu, PhD. || Godwin Ndubuisi Irechukwu |
Abstract: Youth unemployment may be regarded as one of the major problems confronting the Nigerian state presently. Unemployed youths feel alienated from the society and have a total distrust of the political system. A person's job beyond providing for daily subsistence also determines the individual's social status, affecting relationship with peers, people in the person's neighborhood as well as extended family members. The paper a desk research, relied entirely on secondary data, sourced from scholarly peer-reviewed journal articles,
[1]. Abdullahi, I. (2005). ""I am a rebel‟ Youth, Culture & Violence in Sierra Leone." In Honwana, A. and De Boeck, F. (eds.) Makers & Breakers Children and Youth in Post-Colonial Africa. Dakar: Codesria.
[2]. Abdul-Jelil, A. G. (nd). "Godfatherism‟ and Nigeria‟s Fourth Republic: Violence and Political Insecurity in Ibadan.
[3]. Ajayi, F. & Nwogwugwu, N. (2014). From militancy to terrorism: Need for a fresh perspective to Nigeria‟s National Security. IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.Volume 5, Issue 5. (Sep.-Oct. 2014), PP 01-07.
[4]. Alanana O.O (2003). Youth Unemployment in Nigeria: Some Implications for the Third Millennium. Global Journal of Social Sciences 2 (1):21-26.
[5]. Alao .O. (2005). Principles of Economics: Macro. Lagos: Darkol Press and Publishers.
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| Paper Type | : | Research Paper |
| Title | : | Measures for Achieving Financial Inclusion in India and Its Inclusive Growth |
| Country | : | India |
| Authors | : | Dr. P. Raja Babu |
Abstract: Financial Inclusion is the first and foremost policy option to fulfil social and financial needs across the country. The primary responsibility, in any country, is providing financial services to vulnerable groups to improve their standard of living. "Fifty six percent of adults in the world do not have access to formal financial services" (Oya Pinar Ardic, 2011), whereas "in India 89.3 million farmers i.e., 72.7% of total population, are excluded from formal sources of finance" (KabitaKumariSahu, 2013). The Reserve Bank of India directed commercial banks to promote financial inclusion in India which in turn results in the development of economically backward areas.
[1]. Mylendo, O. P. (2011). Access to Financial Services and the Financial Inclusion Agenda Around the World. The World Bank, 1-17.
[2]. Sahu, D. K. (2013). Commercial Banks, Financial Inclusion and Economic Growth in India. International Journal of Business and Management Invention, 1-6.
[3]. Zingales, R. G. (1998). Financial Dependence & Growth. The American Economic Review, 559-560.
[4]. V, L. (2006). Taking Banking Services to the Common Man-Financial Inclusion. RBI Bulletin.
[5]. Chibba, M. (2009). Financial Inclusion, Poverty Reduction and millennium Development Goals. European Journal of Development Research.
[6]. C, R. (2008). Report of the Committee on Financial Inclusion. Mumbai: RBI Bulliten.Rajan, R. G. (2009). A Hundred Small Steps-Report of the Committee on Financial Sector Reforms. Mumbai.
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| Paper Type | : | Research Paper |
| Title | : | Analysis of the Level of Financial Literacy and Financial Inclusion among Rural Households in Krishna District: Andhra Pradesh |
| Country | : | India |
| Authors | : | Dr. P. Raja Babu |
Abstract: Financial Literacy is the base and primary step for financial inclusion. It provides knowledge on merits and demerits of financial products and services, based on that an individual can select the right product which suits his/her needs. In the words of Shri Pranab Mukherjee, (2013) financial literacy refers "Financial literacy and education plays a vital role in financial inclusion, inclusive growth and sustainable prosperity". It ensures that financial services are to be reached to weaker sections or unreached sections of the society. All the initiatives should aim at achieving financial inclusion through financial literacy.
[1]. Shri Pranab Mukherjee. (2013). Financial Literacy and Education. New Delhi: Government of India
[2]. RBI. (2008). Report of the Reserve Bank of India. Mumbai: RBI.
[3]. Hawkins P. (2010). Financial Inclusion & Financial Stability: are they two sides of the same coin? Chennai: RBI.
[4]. Shri YH Malegam. (2011). Issues and Concerns in the Micro Financial Institutions. Mumbai: RBI.
[5]. Sen, A. (2000). Development as Freedom. New York: Anchor Books.
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| Paper Type | : | Research Paper |
| Title | : | Environmental Determinants of Procurement Performance in Youth Polytechnics in Baringo County, Kenya |
| Country | : | Kenya |
| Authors | : | Yoliver Kipyego Chemeres || Dr. Geoffrey Kimutai (Ph.D) || Dr. Yusuf Kibet (Ph.D) |
Abstract: In a competitive and globalized business environment, organizations are now very keen on how their operations affect the environment in which they are operating in. Organizations have tried to implement green procurement so as to gain the benefits associated to it. However many challenges have stood in the way thus not many organizations have taken full advantage of the value of green procurement. The study sought to answer the following objectives; find out the effect of environmental laws on procurement performance in the youth polytechnics in Baringo County; establish how attitude of green procurement affects procurement performance in the youth polytechnics in Baringo County; determine the effect of waste management practices on procurement performance in youth polytechnics in Baringo County; find out the contribution of support of renewable energy affects procurement performance in the youth polytechnics in Baringo County.
[1]. Adamson, J. (2001). Why is e-Procurement ailing? In Supply Management, April 2001. The Chartered Institute of Purchasing & Supply, Vol.6 No.3.
[2]. Amaratunga, D. & Baldry, D. (2002). Moving from Performance Measurement to Performance Management. Facilities, 20 (5/6), 217-223.
[3]. Beukers, M., (2006). The Procurement Alignment Framework: Construction and Application, Wirtschaftsinformatik 48(5), 323-330.
[4]. Bolton, P. (2006).Government Procurement as a Policy Tool in South Africa, Journal of Public Procurement; Vol.6 No.3
[5]. Bolton, P. (2008).Protecting the environment through Public Procurement: The case of South Africa, Natural Resource Forum, Vol.32, No.1, pp 1-10.
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| Paper Type | : | Research Paper |
| Title | : | Financial Development and Economic Growth Nexus in Nigeria |
| Country | : | Nigeria |
| Authors | : | Nwosu, Chinedua || Metu, Amaka G. |
Abstract: The study assessed the impact of financial development on economic growth in Nigeria using time series data from 1970 to 2012. The Autoregressive Distributed Lag bounds testing approach to cointegration was utilized for this study. The result from the ARDL model indicate that the variables for this study are cointegrated while the error correction term appeared significant and confirms that short-run disequilibria are corrected up to about 50 percent annually. The empirical results reveals that financial development exerts positive and significant impact on economic growth in the long-run while trade liberalization variables exert negative impact on economic growth in the long-run indicating non-competitive nature of non-oil domestic products in the international market. In the short-run, domestic credit is insignificant which indicates a dearth of investible funds in the economy.
[1]. Anyanwu, C.M. (2010). An overview of current banking sector reforms and the real sector
[2]. of Nigeria economy. Economic and Financial Review, Vol 48, No.4
[3]. Balogun, E. D. (2007). Banking sector reforms and the Nigerian economy: Performance, pitfalls and future policy options. MPR Paper No 3084, University of Munich, Germany.
[4]. Baltagi,B. H.(2011). Econometrics. Springer : New York.
[5]. Barro, R. J. (1991). Economic growth in a cross section of countries. Quarterly Journal of Economics 106:
[6]. 407-43.
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| Paper Type | : | Research Paper |
| Title | : | The Relation between Military Expenditure & Economic Growth in Developing Countries: Evidence from a Panel of 41 Developing Countries |
| Country | : | Bangladesh |
| Authors | : | Md. Ohiul Islam |
Abstract: A panel data model is estimated to examine the relationship between military expenditure and economic Growth (GDP) in developing world using annual data for 41 countries over the period 2001 to 2010. The estimated empirical panel model explaining GDP growth as a function of military expenditure, labor and capital variables suggests varying country-wise positive effects for military expenditure and, as might be expected, positive effects for labor and capital.
[1]. Adams, F.G., Behrman, J.R., Boldin, M., 1991. Government expenditures, defense and eco- nomic growth in LDCs: A revised perspective. Conflict Management and Peace Science, 11, 19-35.
[2]. Alexander, W.R.J. 1990. The impact of defense spending on economic growth: A multi-sectoral approach to defense spending and economic growth with evidence from developed economies. Defense Economics, 2, 39-55.
[3]. Atesoglu, H.S., Mueller, M.J., 1990. Defense spending and economic growth. Defense Eco- nomics, 2, 19-27.
[4]. Benoit, E., 1973. Growth and defence in developing countries. Economic Development and Cultural Change, 26, 271-280. Chicago Journal (1973).
[5]. Biswas, B., Ram, R., 1986. Military expenditures and economic growth in less developed countries: An augmented model and further evidence. Economic Development and Cultural Change, 34, 361-372.
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| Paper Type | : | Research Paper |
| Title | : | Vision of Digital India: Dreams comes True |
| Country | : | India |
| Authors | : | Jyoti Siwach || Dr. Amit Kumar |
Abstract: Digital India – the dream project of the government and a blessing for the citizens, could help in connecting the dots of various projects, past and present, to bring India to a global platform. It will help in moving with the universal trends of digital innovation and create positive impact in the lives of people - rural and urban, young and old." In this article we discussed key features, impact and challenges of Digital India programme.
[1]. GIS based Planning. See: http://india.gov.in/gis-based-planning-atlas-lucknow-district
[2]. Digital India plan could boost GDP up to $1 trillion by 2025: McKinsey, December 2014. See:http://economictimes.indiatimes.com/industry/telecom/digital-india-plan-couldboost-gdp-up-to-1-trillion-by-2025-mckinsey/articleshow/45536177.cms
[3]. India is now world's third largest internet. See: http://www.thehindu.com/sci-tech/technology/internet/india-is-now-worlds-third-largest-internet-user-after-us-china/ article5053115.ece
[4]. Intel Digital Skills program. See: http://www.livemint.com/Politics/tVi3qteBfYKkXOPdwl1O4J/Intel-India-to-aid-govt-with-digital-literacy-programme.html