Papers by Edwin U D O C H U K W U Nwachukwu
JOMEINO, 2024
Nigeria has persistently faced challenges such as high unemployment rates, a steep cost of living... more Nigeria has persistently faced challenges such as high unemployment rates, a steep cost of living, and inadequate infrastructure, leading to a significant portion of its workforce migrating to supposedly more prosperous economies to support their families back home. It is on this grounds that this paper investigates the effect of diaspora transfers on the quality of life in Nigeria from 1986 to 2022. The research depends on secondary data obtained from World Bank development indicators and employs both descriptive statistics and econometric techniques, including Auto-Regressive Distributed Lags (ARDL). The results of the study connote that diaspora remittances negatively affect household consumption expenditure and access to education in Nigeria. However, while the effect on household consumption expenditure and access to education is statistically significant, the effect on access to health is not statistically significant at the 5% threshold. Consequently, the study recommends that the government partner with financial institutions and international organizations to enhance transparency, reduce transaction costs, facilitate access to formal channels, and promote financial literacy among recipients of remittances.
JOURNAL OF INTERNATIONAL ECONOMIC RELATIONS AND DEVELOPMENT ECONOMICS, 2023
The quality of health services in a given country greatly influences the quality of life of its c... more The quality of health services in a given country greatly influences the quality of life of its citizens. This study examined the impact of health expenditure on life expectancy in Nigeria from 1990 to 2022 using the fully modified ordinary least squares (FMOLS) technique and was anchored on the theoretical framework of the Grossman health production function. The variables of the model were: life expectancy as the dependent variable; out-of-pocket health expenditure; external health expenditure; government capital health expenditure; government recurrent health expenditure; carbon emissions; and education as independent variables. The findings revealed that out-of-pocket health expenditure, government recurrent health expenditure, and education had a positive and significant impact on life expectancy; external health expenditure had a positive but insignificant impact on life expectancy; and government capital health expenditure and carbon emissions had a negative and insignificant impact on life expectancy. This study therefore recommended the need for the federal government of Nigeria to focus on increasing the budgetary allocation to the health sector as well as increasing the minimum wage of the citizens, which should encourage increased household health expenditure, which invariably increases life expectancy in Nigeria. More so, the federal government of Nigeria should ensure consistency in the implementation and follow-up of these policies to bring about significant improvements in life expectancy in the long run in Nigeria.
NTERNATIONAL JOURNAL OF RESEARCH AND INNOVATION IN SOCIAL SCIENCE (IJRISS), 2023
Debt is considered beneficial for economic growth due to its overriding impact on savings, invest... more Debt is considered beneficial for economic growth due to its overriding impact on savings, investment, financial deepening, and institutions. However, despite the fact that studies that attempted to examine the effect of domestic debt securities on economic growth in Nigeria have proliferated in recent years, only a handful has been able to measure individually the impact of the various debt securities on economic growth in developing countries. It is against this backdrop that this study is undertaken to determine the effect of debt securities on economic growth in Nigeria. The study used time series data covering a period of 22 years (1999-2021) and employed the Auto regressive distributive lag (ARDL) technique to empirically study the effect of the treasury bills, treasury bonds, government bonds and promissory notes on economic growth in Nigeria. The data used for the analysis were sourced from the World Development Indicators (2021) and CBN Statistical Bulletin (2021). The findings revealed that treasury bills, treasury bonds, government bonds and promissory notes all had positive effects on economic growth in Nigeria both in the short and long run. Therefore, the study recommends for consistent implementation of wider monetary policy reforms that promises assured returns and stability of funds to investors in order to promote investment in these instruments. Institutions such as SEC, Pension funds, Insurance companies, should be encouraged to invest in the listed instruments.
International Journal of Research and Innovation in Social Science (IJRISS), 2024
The presence of institutional gaps in the Nigerian economy has enhanced the need to investigate t... more The presence of institutional gaps in the Nigerian economy has enhanced the need to investigate the impact of institutional framework on economic growth from 1996 to 2022. Under the theoretical framework of the endogenous growth model, the dependent variable in this study was economic growth proxied by real gross domestic product while the independent variables of interest were gross fixed capital formation, labour force, research and development and the six indicators of institutional framework (voice and accountability, rule of law, regulatory quality, government effectiveness, control of corruption and political stability. The fully modified ordinary least square was used as the method of analysis and the results revealed that labour force, research and development and regulatory quality have a positive and significant impact on economic growth. Contrary, control of corruption, government effectiveness and gross fixed capital formation have a negative significant impact on economic growth. More so, voice and accountability and rule of law have an insignificant but positive and negative impact on economic growth respectively. Following these findings, this study concludes that institutional framework has a significant impact on economic growth and hence recommends that the federal government should implement extensive institutional reforms that cut across all the arms and levels of government, with emphasis on the autonomy of ministries, agencies, parastatals and commissions to exercise discretion effectively to enhance the implementation of anti-corruption measures, the rule of law and promote good governance practices which in all would foster sustainable economic growth.
American Journal of Humanities and Social Sciences Research (AJHSSR), 2018
The study examined the effect of exchange rate deregulation on the industrial output of Nigeria o... more The study examined the effect of exchange rate deregulation on the industrial output of Nigeria over the period 1970-2015. Data for the study comprising Nigeria"s Industrial Sector"s Output, Exchange Rate, Capacity Utilization and Inflation Rate were sourced from Central Bank of Nigeria (CBN) Statistical Bulletin 2015 edition. The data were analyzed using Error Correction Model and Ordinary Least Squares technique. The result of the analysis revealed that exchange rate deregulation impacted positively and significantly on Industrial output over the long run period. The dummy variable, which was introduced in the data to segment pre-SAP and post-SAP periods also showed that exchange rate deregulation was beneficial to the industrial sector. In conclusion, the study recommended that exchange rate should continue to be deregulated and closely monitored to discourage rent-seekers and price arbitrage. Also, the government should support export-led growth, particularly in provision of incentives and soft loans to aid in the export of locally produced industrial outputs. In addition, government should create a favorable and enabling environment for production such as constant supply of electricity and good road networks.
Uploads
Papers by Edwin U D O C H U K W U Nwachukwu