Research Publications

Alwell Nteegah

Determinants of Nigeria's Non-Oil Import Demand

Ichoku Hyacinth Eme                      Nteegah Alwell                 Ikpe Marius

Abstract

Primarily, the study assesses the determinants of non-oil import demand in ­Nigeria. This is aimed at measuring the relative strengths and nature of effects of the variables that determine Nigeria's non-oil import demand, and subsequently assessing the extent to which results are in conformity with those previously obtained on a wider aggregate of the Nigerian economy. An econometric method of analysis was employed. Results indicate deviations from the findings of earlier studies, as two key variables previously reported as significant (real exchange rate and real income) showed insignificant causational relationships in the model.

https://ideas.repec.org/a/seb/journl/v11y2013i1p79-100.html

 

 

Macro-Econometric Modeling of Social Insecurity, Foreign Direct Investments and Economic Growth Association

Marius Ikpe, Alwell Nteegah

2014

Abstract

Social insecurity has in recent time constituted a major hurdle to the Nigeria authorities.  Theoretically, it is believed to have a strong negative link with Foreign Direct Investment (FDI) and levels of economic growth. This in Nigeria’s context ranges from Niger Delta crises, to the un-going Boko-Haram Islamists Militants insurgency. Given paucity of empirical literature on this line of investigation into this form of socioeconomic problem, this study empirically examines the link amongst social insecurity, FDI and growth of the Nigerian economy. The study adopted the Augmented Cob-Douglas production function in its analysis, introducing the variable (social insecurity) into the FDI model and subsequently traces its impact on economic growth. Result indicates that social insecurity stimulates the inflow of foreign technology, rather than inhibit it. The paper attributes this to merging of these distinct forms of social insecurity in the study and consequently recommend an explicit examination of these forms of social insecurity-FDI association Nigeria.

DOI: http://dx.doi.org/10.3126/ijssm.v1i4.10944

Keywords

Macro-econometric modeling; Social insecurity; Foreign Direct Investment; Economic Growth; Augmented Cub-Douglas Production functions

http://www.nepjol.info/index.php/IJSSM/article/view/10944

 

 

Value Added Tax and price stability in Nigeria: A partial equilibrium analysis

Marius Ikpe, Alwell Nteegah

2013

Abstract

 

The economic impact of Value Added Tax (VAT) that was implemented in Nigeria in 1994 has generated much debate in recent times, especially with respect to its effect on the level of aggregate prices. This study empirically examines the influence of VAT on price stability in Nigeria using partial equilibrium analysis. We introduced the VAT variable in the framework of a combination of structuralist, monetarist and fiscalist approaches to inflation modelling. The analysis was carried out by applying multiple regression analysis in static form to data for the 1994-2010 period. The results reveal that VAT exerts a strong upward pressure on price levels, most likely due to the burden of VAT on intermediate outputs. The study rules out the option of VAT exemptions for intermediate outputs as a solution, due to the difficulty in distinguishing between intermediate and final outputs. Instead, it recommends a detailed post-VAT cost-benefit analysis to assess the social desirability of VAT policy in Nigeria.

 

Keywords

 

Value added tax; price stability; partial equilibrium analysis; static model; Nigeria

http://www.europagrande.org/ejge/index.php/ejge/article/view/41

 

 

DETERMINANTS OF NIGERIA’S NON-OIL IMPORT DEMAND

ICHOKU HYACINTH, EMEa (PhD)

NTEEGAH ALWELLb (PhD)

IKPE MARIUS

2013

Abstract

Primarily, the study assesses the determinants of non-oil import demand in Nigeria. This is aimed at measuring the relative strengths and nature of effects of the variables that determine Nigeria’s non-oil import demand, and subsequently assessing the extent to which results are in conformity with those previously obtained on a wider aggregate of the Nigerian economy. An econometric method of analysis was employed. Results indicate deviations from the findings of earlier studies, as two key variables previously reported as significant (real exchange rate and real income) showed insignificant causational relationships in the model.

 

https://ojs.lib.uom.gr/index.php/seeje/article/download/5498/5526

 

 

Investment in Education and Economic Growth in Nigeria: 1981-2012

EP Ifionu, A Nteegah

2013

Abstract

 

This study examines the impact of government investments in education on economic growth in Nigeria over the period 1981-2012. Economic growth proxy by growth rate of GDP is the dependent variable while government capital expenditure on social services, recurrent expenditure on education, primary school total pupil enrolment and primary school pupilsteachers
ratio are explanatory variables. Employing the OLS technique, the paper found that government capital expenditure on social services (education and health) and government recurrent expenditure on education have significant implications on economic growth over the period of this study. Total primary school pupil enrolment and primary school pupils-teachers
enrolment were found to have mixed influences on economic growth. The low level of funding of the sector, poor conditions of service, high level of pupils out of school and the low pupilteachers ratio in Nigeria were  suspected to have accounted for these results. However, the goodness of fit of about 66 percent indicates that high potentials for growth exist in the
educational sector. The paper therefore recommends an increase in  government budgetary allocation to the education sector from the present less than 15 percent to UNDP/UNESCO requirement of 25 percent allocation to the sector, improvement in the welfare of educational staff and regular monitoring of funds and services rendered in the sector to ensure improved
standards as possible ways of making education growth a friendly sector in Nigeria.

Keywords: Education, Government Investments, Economic growth, Health, Government expenditure, and Cointegration

http://www.ajol.info/index.php/wajiar/article/view/105734

 

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