Causes of poverty in Sub-Saharan Africa: A layered theory approach to understanding significant factors
Majority of studies on Sub Saharan Africa approach poverty solely as a lack of income. We believe that poverty is more than an economic status and is inclusive of educational attainment and gender inequality, for example. Our study analyzed poverty under a unique approach, and in a departure from previous studies, delineates between economic factors; political factors; health factors; educational factors; cultural...
Oil price volatility and economic development: Stylized evidence in Nigeria
The research presented in this study, investigates chiefly the causal relationship between oil prices and key macroeconomic variables in Nigeria in a multivariate framework using times series data from 1980 to 2010. To examine whether there is prediction between oil prices and macroeconomic indicators (inflation, interest rate, exchange rate and real gross domestic product) as well as the impact of oil prices on the...