October 2011
Foreign direct investment and export growth in Nigeria
The purpose of this study was to examine the link between Foreign Direct Investment (FDI) in Nigeria from 1970 to 2008. The stationary properties of the data and the order of integration of the data were tested using the augmented Dickey fuller (ADF) and the Philip – Perron (PP) tests. The cointegration results showed at least one cointegrating equation in the export function. The Granger...
October 2011
The impact of different investment strategies on reducing systematic risk in Tehran stock exchange
Scientific findings indicate that the efficiency of different investment strategies is varied, so financial experts have classified these strategies from diverse perspectives. One of the most common categories as the major academic studies which have been done on this classification is passive, active and momentum strategies, but so far none has been done around correlation of investment strategies. In this...
October 2011
Analyzing the effect of macroeconomic variables on stock market returns: Evidence from Ghana
This study investigates the relationship between macroeconomic variables and stock market returns using monthly data that spans from January 1992 to December 2008. Macroeconomic variables used in this study are consumer price index (as a proxy for inflation), crude oil price, exchange rate and 91 day Treasury bill rate (as a proxy for interest rate). The ordinary least square estimation (OLS) model...
October 2011
Social entrepreneurship as an instrument for curbing youth gangsterism: A study of the Nigerian Urban Communities
There have been growing concerns over the level of unemployment in Nigeria especially among the teeming youths. Unemployment among the youths has been a major factor responsible for youth gangsterism in most urban centers. This study focuses on the effectiveness of social entrepreneurship in providing gainful employment for the teeming youths in the Nigerian urban communities, especially in the light of...
October 2011
Does devaluation improve the trade balance of Nigeria? (A test of the Marshall-Lerner condition)
This paper aims to investigate the effect of devaluation/depreciation of the Nigerian naira on the country’s trade balance for the period 1986 to 2008. The paper adopts the elasticity approach to the balance of payments adjustment. The study investigates the effect of exchange rate devaluation as a policy on the Nigerian economy’s Trade for the period 1986 to 2008. The focus is to test...
October 2011
Liberalizing trade in services in Tunisia: General equilibrium effects
The main objective of this paper is to simulate removal of barriers to trade in services in Tunisia by focusing on two modes; cross-border delivery (Mode 1) and commercial presence (Mode 3). For the first mode, we model restrictions as tariff equivalent-price wedge. Thus, the simulation of services liberalization consists of removing totally or partially these estimated tariff equivalents. We assume for...
October 2011
Impact of government sectoral expenditure on economic growth
The objective of this study is to investigate the growth effect of government expenditure on economic growth in Nigeria over the period of 1980 to 2008, with a particular focus on sectoral expenditures. This paper investigates the growth effects of government expenditure in Nigeria over the period of 1980 to 2008, with a particular focus on sectoral expenditures. Five key sectors were...
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