SOLVING THE POVERTY CRISIS IN NIGERIA: AN APPLIED GENERAL EQUILIBRIUM APPROACH

PERHAPS, POVERTY AND PLENTY IS THE WORLD'S GREATEST CHALLENGE. THIS STUDY THEREFORE PROPOSE AN APPLIED(COMPUTABLE)GENERAL EQUILIBRIUM APPROACH, THAT IS A RENEW ATTENTION TO THE PROBLEM OF POVERTY , EMPLOYMENT AND INEQUALITY THAT EARLIER STRATEGIES FOCUSING ON RAPID GROWTH WERE UNABLE TO RESOLVE. USING NIGERIA AS A CASE STUDY, WE PERFORM THE SPECIFICATION, ESTIMATION AND CALIBRATION OF A POVERTY-BASED MODEL WITHIN DATA FRAMEWORK OF SOCIAL ACCOUNTING MATRIX(SAM). THE RESEARCH OUTPUT IS EXPECTED TO BE THE POLICY RESPONSE TO THE ENVISAGED COMPLEX HUMANITARIAN EMERGENCIES(CHEs) FACING POOR COUNTREIS SUCH AS NIGERIA.POVERTY, APPLIED GENERAL EQUILIBRIUM MODEL, SOCIAL ACCOUNTING MATRICE, NIGERIAN ECONOMY, EMPLOYMENT, INEQUALITY

A VIRTUAL DYNAMIC APPLIED GENERAL EQUILIBRIUM MODEL OF AFRICA: SPECIFICATIONS AND SIMULATIONS

AFRICAN ECONOMIC PERFORMANCE HAS BEEN MARKEDLY WORSE THAN THAT OF OTHER REGIONS. THUS, THE GOVERNMENTS OF AFRICAN COUNTRIES HAVE ASSUMED MAJOR RESPONSIBILITIES FOR ECONOMIC REFORMS AND GROWTH. ALONG WITH THESE RESPONSIBILITIES HAS COME AN INCREASED AWARENESS OF THE INTERRELATEDNESS OF DIFFERENT SECTORS OF A NATIONAL ECONOMY AND THAT OF THE NEED FOR COORDINATION OF POLICIES THAT HAD PREVIOUSLY BEEN DEBATED IN TERMS OF THEIR DIRECT IMPACTS ON INDIVIDUAL SECTORS. THEREFORE THIS RESEARCH PAPER PROPOSES A MULTI-REGIONAL DYNAMIC APPLIED GENERAL EQUILIBRIUM FRAMEWORK WITHIN WHICH TO STUDY A VERY WIDE RANGE OF ECONOMIC PROBLEMS THAT HAVE ALWAYS BEEN PRESENTED IN ISOLATION FROM ONE ANOTHER. AS A RESEARCH OUTPUT, A PROTOTYPE VIRTUAL ECONOMY MODEL OF AFRICA IS DEMONSTRATED.AFRICAN ECONOMY, MULTI-REGIONAL, DYNAMIC APPLIED GENERAL EQUILIBRIUM, VIRTUAL ECONOMY, SIMULATIONS

INFORMATION TECHNOLOGY AND THE PRODUCTIVITY PARADOX:EMERGING EVIDENCE FROM THE AFRICAN ECONOMIES

Technological progress is considered as a source of growth and productivity gains for national economies. Thus, understanding the factors that determine the diffusion of new technologies across countries is important to understanding the process of economic development. This project therefore investigates whether technological revolution has revolutionary economic consequences and in particular, is economic productivity growing at a much faster rate today, and if so , will it continue to do so in the future? Using the dynamic panel data methodology , emerging evidence from African economies will be revealed.TECHNOLOGICAL PROGRESS, GROWTH, PRODUCTIVITY DIFFUSION, ICTS, AFRICAN ECONOMIES, DYNAMIC PANEL DATA

THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA

THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY THE CONVENTIONAL THEORIES. FROM THE VARIOUS TESTS CONCLUDED AND HYPOTHESIS EVALUATED,THE STUDY SUGGESTS THAT THE MANIPULATION OF DOMESTIC CREDIT BY THE MONETARY AUTHORITIES WILL NOT ENHANCE THE BALANCE OF PAYMENT VIABILITY OVER TIME; RATHER THAT INCREASES IN THE LEVEL OF OUTPUT MIGHT IMPROVE THE BALANCE ON CURRENT ACCOUNT.BALANCE OF PAYMENTS, ADJUSTMENT MECHANISMS, NIGERIAN ECONOMY ECONOMETRIC TESTS, CURRENT ACCOUNT, INTERNATIONAL

UNDERSTANDING THE DETERMINANTS OF ICTS DIFFUSSION IN ECOWAS

The Information and Communication technology(ICT) environment in the economic community of west african states(ECOWAS) has changed sufficiently to warrant re-conceptualization of the earlier initiatives. Notably, many new technologies have emerged, especially in the area of wireless communications. Thus, ECOWAS ability to participate in and enhance its international competitiveness in the new global economy and hence make progress in poverty reduction depends in large part on its ability to use and adapt new information and technological innovations. This project therefore, sets out to enhance understanding and knowledge of the innovative effects of ICT poverty reduction and human development; and to improve ECOWAS capacities to formulate and implement national ICT policies that promote equitable access to ICT and information for socio-economic development.Technological progress, growth, productivity, diffusion, ICTS, AFRICAN ECONOMIES, DYNAMIC PANEL DATA

THE NIGERIAN SUGAR INDUSTRY(1960 - 1987)

THE CONCEPT OF AN INDUSTRY IS IMPORTANT FOR ECONOMIC ANALYSIS. HERE, WE DEFINE SUGAR INDUSTRY AS GROUP OF FIRMS PRODUCING SUGAR THAT ARE CLOSE SUBSTITUTES BY THE USE OF IDENTICAL PRODUCTION PROCESSES AND RAW MATERIALS. HOWEVER, SUGAR INDUSTRY IN NIGERIA WAS STILL IN ITS PIONEERING STAGE. THIS PAPER THEREFORE ARGUES THAT THE STRUCTURE AND ORIENTATION OF NIGERIAN SUGAR INDUSTRY HAVE NOT INDUCED GROWTH AND DEVELOPMENT AND THUS A MORE URGENT ATTENTION WAS NEEDED FROM THE POLICY MAKERS AND GOVERNMENT TO CHECK THE OBSERVED UGLY SITUATION.NIGERIA, SUGAR, INDUSTRY, PRODUCTION, PRICING POLICY, DISTRIBUTION, TECHNIQUES, MARKET STRUCTURE, GOVERNMENT, INCENTIVES

THE WORLD ECONOMIES AND DEVELOPMENT GOALS

DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE MAY BE DAUNTING AND IT IS. THIS PAPER THEREFORE ARGUES THAT A GLOBAL ECONOMIC ARCHITECTURE IS IMPERATIVE FOR THE ATTAINMENT OF THE UNITED NATIONS MILLENNIUM DEVELOPMENT GOALS WITHIN A FRAMEWORK OF THE MUTUAL IMPACT OF DEVELOPED AND DEVELOPING WORLDSWORLD ECONOMY, DEVELOPMENT GOALS, AFRICA, NORTH AMERICA, SOUTH AMERICA, ANTARCTIA, ASIA, OCEANIA, EUROPE, INCOME POVERTY, EDUCATION, HUNGER, HIV/AIDS

THE WORLD ECONOMIES AND DEVELOPMENT GOALS:AN ARCHITECTURAL POLICY FRAMEWORK

DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE MAY BE DAUNTING AND IT IS. THIS PAPER THEREFORE ARGUES THAT A GLOBAL ECONOMIC ARCHITECTURE IS IMPERATIVE FOR THE ATTAINMENT OF THE UNITED NATIONS MILLENNIUM DEVELOPMENT GOALS WITHIN A FRAMEWORK OF THE MUTUAL IMPACT OF DEVELOPED AND DEVELOPING WORLDS. AND WITHIN THE EMERGING NEW ECONOMIES, DEVELOPMENT MUST FOCUS ON ACHIEVING KNOWLEDGE-INTENSIVE DEVELOPMENT OR E-DEVELOPMENT(WITH CULTURAL INCLUSION).world economy, development goals, africa, north america, south america, antarctia, asia, oceania, europe, income poverty, education, hunger, hiv/aids

RATIONAL EXPECTATIONS AND MONETARY THEORY: AN INVESTIGATIVE PAPER[1960 - 1989]

SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT CONTRIBUTION TO ECONOMICS(AND IN PARTICULAR, MONETARY ECONOMICS) IN THE IMPETUS IT GIVES TO RESEARCH ON THE VITAL AREAS OF LEARNING AND PRICE EXPECTATIONS FORMATIONRATIONAL EXPECTATIONS, MONETARY THEORY, AUGUMENTED PHILLIPS CURVE, INFLATION, OUTPUT, PRICES

AN EVALUATION OF POST-INDEPENDENCE AGRICULTURAL POLICIES IN RELATION TO ECONOMIC DEVELOPMENT IN NIGERIA(1960 - 1987}

AGRICULTURE IN ITS COMMON PARLENCE INCLUDES PRODUCTION, RESEARCH AND TRAINING IN THE FIELDS OF CROPS, FORESTRY, FISHING AND LIVESTOCK. NIGERIAN AGRICULTURE WAS CHARACTERIZED BY LOW FARM INCOMES; LOW CAPACITY LEVEL TO SATISFY FOOD AND FIBRE NEEDS OF THE COUNTRY, AND PRIMITIVE TECHNIQUES OF PRODUCTION. YET, THERE WAS LITTLE CONSENSUS WITH RESPECT TO THE MOST APPROPRIATE STRATEGY FOR SECURING INCREASED FARM OUTPUT AND PRODUCTIVITY IN AN UNDERDEVELOPED AGRICULTURE. THIS PAPER THEREFORE ARGUED THAT CAREFUL PLANNING,SCIENTIFIC FORECASTING AND IMPROVED IMPLEMENTATION MECHANISM ARE FACTORS WHICH WILL YIELD THE NATION MORE DIVIDEND THAN MERE STATEMENTS, PROMISES AND STRATEGIES.AGRICULTURE, ECONOMY, NIGERIA, GREEN REVOLUTION PROGRAMME, OPERATION FEED THE NATION, CREDIT, FINANCE, POLICIES, DEVELOPMENT, POST- INDEPENDENCE