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| Paper Type | : | Research Paper |
| Title | : | Perception of Tax Fairness and Personal Income Tax Compliance in Ken Saro-Wiwa Polytechnic, Bori |
| Country | : | Nigeria |
| Authors | : | Ferry Barineka Gberegbe || Gabriel A. idornigie || Lilian Okorite Nkanbia-Davies |
Abstract: Tax compliance literature suggests that the perception of fairness is likely to influence personal income administration. However, empirical evidence is lacking in Rivers State, Nigeria. This study investigates the relationship between the perception of tax fairness and personal income tax compliance in Ken Saro-Wiwa Polytechnic, Bori. It employed qualitative approach to examine the relationship between the perception of tax fairness, exchange with government, self interest, and personal income tax compliance in Ken Saro-Wiwa Polytechnic, Bori. The result revealed that there is significant relationship between the perception of tax fairness and personal income tax compliance in Ken Saro-Wiwa Polytechnic, Bori. This indicates that exchange with government and self interest influence personal income tax compliance behaviour of employees of Ken Saro-Wiwa Polytechnic, Bori.
1]. Ali, M., Fjeldstad, O., and Sjursen, H. I. (2014). 'To Pay or Not to Pay? Citizens' Attitudes towards Taxation in Kenya, Tanzania, Uganda, and South Africa', World Development, 64, pp. 828 – 842.
[2]. Alm, J. and Torgler, B (2011). Do ethics matter?, Tax Compliance and Morality, Journal of Business Ethics, 10(4), pp. 635 – 651.
[3]. Chung, J. and Trivedi, U. V (2003). The effect of Friendly Persuasion and Gender on Tax Compliance Behaviour, Journal of Business Ethics, 47, pp. 133 – 145.
[4]. Cohen, J., Manzon, B. G. and Zamora, L. V (2015). Contextual and Individual Dimensions of Taxpayer Decision Making, Business Ethics, 126, pp. 631 – 647.
[5]. Damayanti, N. T., Sutrisno, T., Subekti, I. and Baridwan, Z (2015). The Role of Taxpayer's Perception of the Government and Society to Improve Tax Compliance, Accounting and Finance, 4(1), pp. 180 – 187.
[6]. Dickson, U. T., and Nwaobia, N. A (2014). Impact of Heavy taxation on Israel during Solomonic Era: Implications for Nigerian Tax System, Asian Economic and Financial Review, 2(2), pp. 337 – 346.
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| Paper Type | : | Research Paper |
| Title | : | An Empirical Analysis on the Nature of Relationship between Capital Structure and Firms Performance: A Study of 40 Indian Firms |
| Country | : | India |
| Authors | : | Geetika Batra || Prof. (Dr.) Alka Munjal |
Abstract: The financing decision with regard to capital structure theory of finance has been a topic of many theories and their conflicting output for past many years. This paper aims to analyse the nature of relationship between the capital structure of a firm and its performance. The data of 40 firms excluding financial services firms listed on Nifty indices on National Stock Exchange is studied (The composition of 50 firms on Nifty represents a well branch out index reflecting precisely the overall market conditions). Financial services firms have been excluded from purview of this paper, as they are in the business of collecting money and investing in financial assets rather than producing goods, hence follow a unique business valuation model. Further financial services sector being one of the most sensitive sectors.
[1]. Anup Chowdhury, S. P. (2010). Impact of capital structure on firm‟s value:Evidence from Bangladesh. Business and Economic Horizon , 3 (3), 111-122.
[2]. Edim, N. O. (2014). Relationship between Capital Structure and Firms Performance. Journal of Economics and Sustainable Development , 5 (17).
[3]. Ferri, M. G. (1979). Determinant of financial structure: a new methodological approach. Journal of Finance , 34, 631-44.
[4]. Florysiak, R. E. (2008, July). Empirical Capital Structure Research: New Ideas, Recent Evidence, and Methodological Issues. Munich School of Management University of Munich .
[5]. Hans Degryse, P. D. (2012). The Impact of firm and Industry characteristics on small firms capital structure. 38, 431-447.
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| Paper Type | : | Research Paper |
| Title | : | Escaping Deflation In Zimbabwe: The Role Of Fiscal And Monetary Policies |
| Country | : | Zimbabwe |
| Authors | : | Amos Tendai Munzara |
Abstract: Zimbabwe is struggling to escape from a monetary deflation. The paper traces the causes and effects of deflation in Zimbabwe and considers policy options available to government to escape from deflation. The paper concludes that monetary authorities in Zimbabwe are constrained to use monetary policy to fight deflation given the absence of a domestic currency. Although fiscal authorities are also constrained by lack of budgetary support, the paper recommends fiscal policy as the stabilisation tool of choice to tackle deflation in Zimbabwe. The government should work towards improving transparency and accountability in revenue collection particularly from mineral sales. The government should foster a conducive environment for investment and facilitate the formalisation of the informal sector.
Keywords: monetary deflation, fiscal policy, monetary policy, quantitative easing, money supply, inflation expectations
[1]. Delong, J. B. (1999). Should we fear Deflation. Brooking Papers on Economic Activity, 1:1999.
[2]. Eggertsson, G. B. (2006). The Deflation Bias and Committing to being Irresponsible. Journal of Money, Credit, and Banking, Vol. 38, No. 2.
[3]. Horwitz, S. (2014). The Dangers of Deflation. Atl Econ J 42: 143-151.
[4]. Leightner, J. E. (2005). Fight Deflation with Deflation, Not with Monetary Policy. The Japanese Economy, Vol. 33, No. 2 pp 67-93.
[5]. Svensson, L.E.O. (2003). Escaping from a Liquidity Trap and Deflation: The Fullproof Way and Others. Journal of Economic Perspectives, Volume 17, No. 4, pages 145-166.
[6]. Tcherneva P.R (2011). Bernanke's Paradox: can he reconcile his position on the federal budget with his recent charge to prevent deflation? Journal of Post Keynesian Economics. Vol. 33, No. 3 411.
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| Paper Type | : | Research Paper |
| Title | : | Primary Education in Andhra Pradesh |
| Country | : | India |
| Authors | : | V.Jagannathan |
Abstract: Education is the most important element of growth and prosperity of a nation. India is in the process of transforming itself into a developed nation by 2020. Yet we have 350 million people who need literacy and many more who have to acquire employment skills to suit the emerging modern India and globe. Children who belong to weaker sections of our society are undernourished and only a small percentage of them managed to complete eight years of satisfactory education.
[1]. Aruna, R. (1999), "learn thoroughly: primary schooling in Tamilnadu , economic and political weekly , vol. 34, No. 18.
[2]. Chalam,K.S.(1998), "Education ", in V.Hanumantha Rao rt.al (ed), Andhra Pradesh at 50: a data based analysis , Hyderabad: data news features.
[3]. Kaul, Rekha (2001), "assessing primary education –going beyond the classroom", economic and political weekly , vol. XXXVI, no. 2 p. 13-19, January.
[4]. Ratna Reddy , V and R.nageswara Rao, (2003),"primary education: causes and constrains", in C.H. Hanumantha Rao and S.Mahendra Dev (ed) Andhra Pradesh development , centre for economic and social studies , Hyderabad.
[5]. Sheriff, A. and P.K.Gosh (2000), "Indian education scene and public expenditure gap ", economic and political weekly, April 15, P. 1396-1406.
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| Paper Type | : | Research Paper |
| Title | : | Critical Review of Poverty Reduction Programme in Nigeria: Evidence from South-East Zone. |
| Country | : | Nigeria |
| Authors | : | Osmond N. Okonkwo |
Abstract: This study is aimed at determining the impact of government poverty alleviation programmes in the south east zone of Nigeria, taking into consideration that poverty profile in Nigeria displays zonal differences, which of course is a reflection of the different agro-climatic conditions, economic zones and natural resource endowments. Despite the huge funds earmarked by Government for the various poverty alleviation programmes in the zone, poverty still abounds. The study employed primary data which was collected using questionnaire of the alternative response form. The researcher employed chi-square statistic to analyze data generated in the survey.
[1]. Adeyeye, V.A. (1987) "Rural crisis in Nigeria: increase in food deficits, decline in real income and widespread rural poverty" Paper
presented at the second 1987 NISERseminar series.
[2]. Atoloye, A.S.F (1997) "Strategy for growth -led poverty alleviation in Nigeria." CBN Economic and Financial Review 35 (3)
[3]. Bakare A.S. (2010); "Determinants of urban unemployment crisis in Nigeria: an econometric analysis"Journal of Emerging Trends
in Economics and Management Sciences (JETEMS) 2 (3):
[4]. 184-192, (ISSN: 2141-7024) jetems.scholarlinkresearch.org Bello, M.A. and Abdul, H. R. (2010); "Has poverty reduced in Nigeria
20 years after?" European Journal of Social Sciences15(1)
[5]. CBN (1998) A Publication of CBN research department Enugu
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| Paper Type | : | Research Paper |
| Title | : | Volume of Deposits, A determinant of Total Long-term Loans Advanced by Commercial Banks in Kenya: Case of Bungoma County. |
| Country | : | Kenya |
| Authors | : | Peter Makokha Mukoya || Dr. Willy Muturi (PhD) || Evans Biraori oteki || Robert Wandela Wamalwa |
Abstract: Commercial banks have exponentially increased their total loans advanced over the period 2002-2013. However commercial banks in Kenya have shown varying long term lending behavior. The main objective of this study was to establish the effect of determinants of long term lending in the Kenyan banking industry, a case of Bungoma County. This study was guided by the following specific objective; to determine the effect of volume of deposit on total loan advanced, of selected commercial banks in Kenya. The target population comprised 13 commercial banks in Bungoma County with a sample size of 52 respondents. From the findings, for every unit increase in volume of deposits, a 10.9%, unit increase in total loans advanced is predicted. The model hypothesizes that there is functional relationship between the dependent variable and the independent variable.
[1]. Adedoyin and Sobodun (1996), "Commercial Banks Lending Activities in Nigeria", Nigerian Financial Review, 9(3), pp. 36 – 37. [2]. Bologna P. (2011) Is there a Role for Funding in Explaining Recent US Bank Failures? Bank of Italy Occasional Paper 103.
[3]. Boot, A.W.A. (2000) relationship banking: what do we know? Journal of financial intermediation, 9, 7-25.
[4]. Caprio, G. and Chernykh, l., and Theodossiou, a. k. (2011) "determinants of bank long-term lending behavior: evidence from russia", multinational finance journal, vol. 15(3/4): 193–216.
[5]. Chodechai, S. (2004), determinants of bank lending in Thailand: an empirical examination for the years 1992 – 1996, unpublished thesis.
[6] Degryse H., Masschelein, n. & Mitchell, j. (2004), "SMES and bank lending relationships: the impact of mergers", national bank of belgium working paper, no. 46.
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| Paper Type | : | Research Paper |
| Title | : | Capital Accumulation and Economic Growth in Nigeria "Endogenous Growth Approach" |
| Country | : | Nigeria |
| Authors | : | Dennis Brown Ewubare || Anuli Regina Ogbuagu |
Abstract:The paper adopts a simple endogenous growth model to evaluate the short and long-run impact of Gross Fixed capital formation, human capital formation, savings and population growth rate on economic growth in Nigeria. The Autoregressive Distributed Lag model indicates no short and long-run impact of these variables on economic growth. Also using Pesaran Bound Test and Wald Coefficient Diagnostic Test, we found no long-run impact of Gross Fixed capital formation, human capital formation, national saving, and population growth rate on growth. Beside, the error term (et) is rightly signed but not significant and the speed of adjustment towards equilibrium is very poor at 23.99percent. it is very clear that none of the independent variables contributed greatly to the variations in the economic growth rate in both short-run and long run because the impulse they emitted for the both periods fluctuated all through the periods under review with small percentage impacts.
[1]. Acemoglu, Daron (2009). "The Solow Growth Model". Introduction to Modern Economic Growth. Princeton: Princeton University
Press. pp. 26–76. ISBN 978-0-691-13292-1.
[2]. Adekunle K.A and A.K Aderemi.―Domestic Investment, Capital Formation and Population Growth in Nigeria‖; Developing
Country Studies; 2(7), 2012
[3]. Agénor, Pierre-Richard (2004). "Growth and Technological Progress: The Solow–Swan Model". The Economics of Adjustment and
Growth (Second ed.). Cambridge: Harvard University Press. pp. 439–462. ISBN 0-674-01578-9.
[4]. Amassoma, D. and Nwosa.P. I. (2011). Investment in Human Capital and Economic Growth in Nigeria: A Causality Approach.
Canadian Social Science, 7(4), 114-120.
[5]. Bakare A.S. ―A Theoretical Analysis of Capital Formation and Growth in Nigeria‖ Journal of Psychology and Business 3(1) April
2011
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| Paper Type | : | Research Paper |
| Title | : | Oil Prices and Nigerian Aggregate Economic Activities |
| Country | : | Nigeria |
| Authors | : | Ogunsakin Sanya (Ph.D) |
Abstract: This paper examines the oil prices and Nigerian aggregate economic activities. The data series employed were guttered from various sources such as the central bank of Nigeria statistical Bulletin, Economic and Financial Review, and the publications of International monetary fund. The study employed the linear Dynamic VAR. results from VAR showed that oil price shocks and output in Nigeria is negative. This shows that oil prices shock leads to reduction in gross domestic products. It is recommended that government should diversify its revenue base and develop other sectors of Nigerian economy to contribute significantly to the growth not of Nigerian Economy.
[1]. Abe. A.B. and B.S Bernank (2001), Macroeconomics. Addison-Wesley Longman, fourth edition
[2]. Abeysinghe, T. (2001), estimation of direct and indirect of oil price on growth economics letters, 73,pp. 147-53
[3]. Adedipe, B. (2004) "The Impact of Oil on Nigeria's Economic Policy Formulation", proceedings of overseas development institute conference, June
[4]. Aiyegoro, A. (1997), "A macro model of business cycles" in Nwaneri. A.N. Nigeria visions for the future, Lagos, Nigeria, Macmillan. Pp 275-305.
[5]. Al-mutairi, N. (1993), "determinants of the sources of output fluctuations in kawali" finance and industry. 11,pp. 20-78
[6]. Al-mutawa, A, and J. Cuddington (1994), "The Welfare Effects of Oil Booms in a Prototypical Small Gulf State" OPEC review 18.no.3, pp 245-63.
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| Paper Type | : | Research Paper |
| Title | : | The Impact of Agricultural and Industrial Sectors on Economic Development in Nigeria |
| Country | : | Nigeria |
| Authors | : | Feyisayo H.O || A. A. Ihuoma || E.A. Ojoko |
Abstract: This study aimed at investigating the impact of the agricultural and industrial sector on the overall economic development of the Nigeria using secondary data from 1981 – 2012. A multiple regression approach was used for the estimation. To determine the stability of the time series data used in the study, Augmented Dickey–Fuller (ADF) and Philips–Perron (pp) unit root tests were adopted. The empirical results show cointegration relations among Real GDP per capita (RGDPP), Agricultural contribution to RGDPP (ARG), Industrial contribution to RGDPP (IND), Interest rate (INT) and Inflation rate (IFL) in the period under investigation. Agricultural and industrial contributions to RGDPP are significant variables explaining economic development in Nigeria.
[1]. Akeem, A. A., (2013). Development Crises and Socio-economic Hardships in Nigeria; Africa after fifty years.
[2]. Aminu, U., &Anono A. Z., (2012). "An Empirical Analysis of the Contribution of Agriculture and Petroleum Sector to the Growth and Development of the Nigerian Economy from 1960-2010". International Journal of Social Science & Education. Vol. 2 Issue 4.
[3]. Anyanwu, C. M., (2000). Productivity in the Nigerian Manufacturing Industry, Research Department, Central Bank of Nigeria.
[4]. Banjoko, S. A., (2002). "Maximizing the Value of the Production System in the Nigerian Manufacturing Industries". Journal of Management Studies, Vol 9: 50-64.
[5]. Bordoloi, S., Kaur, G., & Rajesh R., (2009). "An Empirical Investigation of the Inter-sectoral Linkages in India," Reserve Bank of India Occasional Papers, vol. 30(1), 29-72,
[6]. Hamilton, J. D., (1994). Time Series Analysis, Princeton, Princeton University Press,
[7]. Hye, Q. M. A., (2009). "Agriculture on the road to Industrialization and Sustainable Economic Growth: An empirical investigation for Pakistan" International Journal of Agricultural Economics & Rural Development, Vol. 2(2), 1-6.
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| Paper Type | : | Research Paper |
| Title | : | Measuring the Dynamics of Financial Deepening and Economic Growth in Nigeria, 1981 - 2013: Using Engel-Granger Residual Based Approach |
| Country | : | Nigeria |
| Authors | : | Kalu Ebere Ume || Nkwor Nelson || Prof.J.U.J Onwumere |
Abstract:The study examined the relationship between financial deepening and economic growth for the
period 1981 to 2013 using empirical evidence from Nigeria. The Engel-Granger two-step cointegration
procedures and Error Correction Model (ECM) were used as the method of estimation. The analyses of
residuals of the OLS regression showed evidence in favour of cointegration between financial deepening and
economic growth. Similarly, estimates from the error correction model provide evidence to show that financial
deepening indicators and GDP series converge to a long-run equilibrium at a reasonably fast rate. The result
points to the fact that the deepening of the financial system can engineer the Nigerian economy to greater
growth.
Key Words: Economic Growth; Financial Deepening; Financial Development; Causal Relationship; Nigeria
[1]. Abudu, M., A. Bamidele, P. N. Okafor and E. T. Adambge, 2004, An Overview of Fianacial Markets in Nigeria, in O. J. Nnanna, A.
Englama and F. O. Odoko (ed.), Financial Markets in Nigeria, pp. 28 - 40, (Abuja: Central Bank of Nigeria).
[2]. Adusei, Michael, 2014, "Finance-Growth Nexus in Africa: A Panel Generalized Method of Moments (GMM) Analysis", Asian
Economic and Financial Review, 3(10), pp. 1314 – 1324.
[3]. Aye, Goodness C., 2015, "Causality between Financial Deepening and Economic Growth in Nigeria: Evidence from a Bootstrap
Rolling Window Approach" Journal of Economics, Business and Management, Vol. 3(8), pp. 795 – 801.
[4]. CBN (Central Bank of Nigeria), 2013, Statistical Bulletin, Vol. 24, December, (CBN: Abuja).
[5]. Balago, Garba Salisu, 2014, Financial Sector Development and Economic Growth in Nigeria: An Empirical Investigation",
International Journal of Finance and Accounting, 3(4), pp. 253 – 265. DOI: 10.5923/j.ijfa.20140304.05.
[6]. Barajas, Adolfo, Chami, R., and Yoesfei, S. R., 2013, "The Finance and Growth Nexus Re-Examined: Do All Countries Benefit
Equally?" IMF Working Paper, WP/13/130.
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| Paper Type | : | Research Paper |
| Title | : | Electricity Supply and the Manufacturing Productivity in Nigeria (1980-2012) |
| Country | : | Nigeria |
| Authors | : | Dr Akiri, S. E., Ijuo, Odike Abraham, Apochi, Maria Peace |
Abstract: The paper set out to examine the impact of electricity supply (EGI) on the productivity of manufacturing industries in Nigeria between 1980 and 2012. The variables in the model include, manufacturing productivity index (as dependent variable) while electricity generation, capacity utilization rate, government capital expenditure on infrastructures and exchange rate (represent the explanatory variables). The study employed the ordinary least square multiple regression to analyze the time series data between 1980 and 2012.
[1]. Adenikinju, A. (2005). Analysis of the Cost of Infrastructure Failures in a Developing Economy: The Case of the Electricity Sector in Nigeria. African Economic Research Consortium, Research Paper 148.
[2]. African Economic Outlook (2015). Retrieved from http://www.afdb.org/en/countries/west-africa/nigeria-economic-outlook/
[3]. Ajakaiye, D.O. (1990), "Inter-industry Linkages in the Nigerian Economy, 1973-1977", NISER Monograph Series No. 2.
[4]. Anyanwu (1996) cited in George, e.o. (2012). The Relationship Between Electricity Power and Unemployment Rates in Nigeria . Iwoye, Nigeria: Australian Journal of Business and Management Research vol.2 no.02 [10-19] | may-2012, pp. 1-3.
[5]. Aremu, m.a. And adeyemi, s.l. (2011). Small and Medium Scale Enterprises as a Survival Strategy for Employment Generation in Nigeria. Journal of Sustainable Development, 4(1), 200 – 206.
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| Paper Type | : | Research Paper |
| Title | : | The Impact of Monetary Policy on Economic Growth and Price Stability in Kenya: 1992-2013 |
| Country | : | Kenya |
| Authors | : | Vincent Nyambati Onderi || Dr. Stephen Gitahi Njuru |
Abstract: The government of Kenya's economic blueprint dubbed 'Kenya Vision 2030' acknowledges the importance of maintaining a stable macro-economic environment. Despite Kenya implementing monetary policy aimed at achieving stable prices and fostering economic growth, the economy has been reporting low economic growth and high rates of inflation. These implies there is still a point of disconnect between what Central bank of Kenya Pursues and the outcome of the objectives. In this study, structural vector autoregresion (SVAR) model is estimatedto trace the effects of monetary policy shocks on economic growth and prices in Kenya.
[1]. Agboluaje, M. A., Fasanya, I.O.,& Onakoya, A.B.O. (2013). Does monetary policy influence economic growth in Nigeria?Asian economic and Financial Review, 5(3), 635-646.
[2]. Asongu, S.A. (2013). Does money matter in Africa? New empirics on long-run and short-run effects of monetary policy on output and prices. MPRA Paper No. 48494.
[3]. Bernanke, B., &Mihov, I. (1998). Measuring Monetary Policy. Journal of Economics, 113(3), 869-902.
[4]. CBK. (2012). Monetary policy statement, Central Bank of Kenya, December 2012, Nairobi.
[5]. Cheng, C.K. (2006). A VAR analysis of Kenya‟s monetary policy transmission mechanism: How does the Central Bank‟s repo rate affect the economy? IMF Working Paper 06/300.
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| Paper Type | : | Research Paper |
| Title | : | Agricultural export crop participation, contract farming and rural livelihood in Zimbabwe: The case of cotton farming in Rushinga district |
| Country | : | Zimbabwe |
| Authors | : | Michael Kamoyo || Zororo Muranda || Tendai Chikuya |
Abstract: The paper relates export crop participation and contract farming to rural livelihoods. It models the determinants of export crop participation and contracting activities. Using cotton as an export crop, 107 cotton and non-cotton farmers from Rushinga district were surveyed. Results confirmed few cases of livelihood successes, with no evidence to support that cotton offers better income than non-exportable cash crop. Household-specific factors were found to influence the decision to participate in export cropping and contracting activities. The study concluded that single export crop dependency threatens rural livelihood sustainability. Diversification into cereal cash crops by improving market access conditions is needed. JEL Classification: Q1, O1
Key words: Export crop, livelihoods, rural poverty, contract farming, smallholder farmers
[1]. Abebe, T., (2007), Changing livelihoods, changing childhoods: Patterns of children‟s work in rural Southern Ethiopia, Children‟s Geographies, Vol. 5, No.s 1-2, pp 77-93
[2]. Afari-Sefa, V., (2010), Horticultural exports and livelihood linkages of rural dwellers in Southern Ghana: An agricultural household modelling application, Journal of Developing areas, Vol 44, No.1 pp1-23
[3]. Baffes, J. (2001), Policy Reform Experience in Cotton Markets. in Commodity Market Reforms: Lessons of Two Decades. T. Akiyama, J. Baffes, D. Larson and P. Varangis (ed). Washington DC, World Bank, p 165-189.
[4]. Balat, J., Brambilla, I. and Porto, G., (2007), Realizing the gains from trade, export crops, marketing costs and poverty, NBER Working Paper, 13395
[5]. Balat, J. and Porto, G. (2006), Commodity exports, income growth and poverty; The role of household constraints in agriculture, World Bank, Washington
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| Paper Type | : | Research Paper |
| Title | : | Forecasting the Causal Relationship between Oil Prices and Exchange Rate in Nigeria: 1970 - 2014 |
| Country | : | Nigeria |
| Authors | : | Uguru. Leonard C. Ph.D |
Abstract: This study empirically forecasted the causal relationship between oil prices and exchange rate in Nigeria using data for 45 years (1970 - 2014). The data which is purely secondary data was sourced through the Central Bank of Nigeria Statistical Bulletin for various years. The study modified the Sibanda and Mlambo (2014)'s model to estimate the relationship and long-run effect of oil prices and exchange rates in Nigeria. With the Durbin-Watson statistic value that there is no autocorrelation in the model, t-test statistic was used to test the hypothesis that "there is no significant relationship between oil prices and exchange rate in Nigeria", using the e-view statistical software.
[1]. Abiola, A. G. and Abraham, T. W. (2015). Benchmarking Nigeria's Crude Oil Price in a Climate of Falling Prices. Journal of Research Economics and International Finance, 4(2):34-38
[2]. Adelowokan, O. A. (2012). Exchange rate Pass-Through in Nigeria: A Dynamic Evidence. European Journal of Humanities and Social Sciences, 16(1), 785 – 801.
[3]. Aliyu , S.U.R (2009). Oil Price Shocks and the Macro-Economy in Nigeria: A Nonlinear
[4]. Approach , MPRA Paper No. 18726. http://mpra.ub.unimuenchen.de/18726/
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| Paper Type | : | Research Paper |
| Title | : | Rent Seeking Opportunities and Income Inequality in Africa |
| Country | : | Nigeria |
| Authors | : | Kamalu Kabiru || Abdulaziz Shehu |
Abstract:This paper examined the impact of rent seeking opportunities on income inequality in 31 African countries, which covers the period of 1990 to 2005, using Static Panel and Pool Mean Group (PMG) econometric methods. Rent seeking occurs when an economic agent strive for the maximization of his gains, or to obtain an income transfer usually from government or its agents without partaking in the production of such goods or services. The study used Bureaucratic quality and Corruption Indices as a proxy for rent seeking while income inequality was denoted by Gini coefficient estimates obtained from Standardized World Income Inequality version 4 (SWII-V4) database. The result showed that rent seeking is positively related to income inequality in African countries when bureaucratic quality was used as a proxy of rent seeking. However, the results was statistically insignificant when corruption was used as a proxy of rent seeking.
Keywords: Rent Seeking; Income Inequality; Panel Econometrics; Africa.
[1]. Abed, E. G. T., & Gupta, S. (2002). Performance The Economics of Corruption : An Overview. International Monetary Fund.
[2]. Anne O Krueger. (1974). the Political Economy Seeking of the Society. The American Economic Review, 64(3), 291–303.
[3]. Brumm, H. J. (1999). Rent Seeking And Economic Growth: Evidence From The States. CATO Journal, 19, No. 1(1991), 7–16.
[4]. Cole, I. M., & M. Arshad Chawdrhry. (2001). Rent seeking and economic growth: evidence from a Panel. CAT0 JOURNAL, 22(2), 211–228.
[5]. Dobson, C., & Antonio, R. A. (2010). Is Corruption Really Bad for Inequality ? Evidence from Latin America by :. Institutes For Advanced Development Studies, (02).
[6]. Durden, G. (1990). The effect of rent-seeking on family income levels : Some suggestive empirical evidence *. Public Choice Journal, 68, 285–291.