Global journal of Economics and Business Administration


Research article of Global journal of Economics and Business Administration THE IMPACT OF MONETARY POLICY ON PRICE STABILITY IN NIGERIA 1AHMED ADESHINA BABATUNDE and 2IBITOYE VICTOR KEHINDE 1PRINCIPAL LECTURER, DEPARTMENT OF ACCOUNTANCY, LAGOS CITY POLYTECHNIC, IKEJA, LAGOS, NIGERIA 2DEPARTMENT OF ACCOUNTING, OLABISI ONABANJO UNIVERSITY, AGO-IWOYE, OGUN STATE, NIGERIA This study examines the impact of monetary policy on price stability in Nigeria from 1970 to 2014. The data obtained for the purpose of the study through Central Bank of Nigeria Statistical Bulletin were analysed using ordinary least square regression (OLS) model, unit root test and Johansen co-integration test. Consumer Price Index (CPI) is used as a proxy for general price level, which is the explained variable. Exchange rate and money supply were used as explanatory variables. The research also addressed various problems associated with monetary policies such as budget deficits, change in policy formulation, lack of enabling environment in the financial market and political instability. The result of the findings reveals that exchange rate and money supply actually influenced price stability in Nigeria both in the short-run and long-run. This is evidenced by 90% coefficient of determination and F-Statistics of 168.30 which is higher than the tabulated F-Statistics Keywords: Monetary policy, Consumer Price Index, Money Supply, Exchange Rate, Debt Financing ...

Contribution of goods and services exports in economic growth

Research article of Global journal of Economics and Business Administration THEORETICAL AND EMPIRICAL ANALYSIS ON THE CONTRIBUTION OF GOODS AND SERVICES EXPORTS IN ECONOMIC GROWTH IN TOGO FROM 1970-2010 Komlan Ametowoyo ADEVE University of Kara - Togo The research analyzes theoretically and empirically the relationship between exports of goods and services and economic growth in Togo. The objective of this study is to determine the impact of exports on economic growth in Togo. To achieve the objective, the methodology of the research will present the theoretical framework of the analysis model and the econometric analysis of the estimate of the contribution of exports to economic growth of the country. We collected data from Central Bank of West African Countries and the General Directorate of Statistics and National Accounts of Togo. Firstly the results of our analysis showed that exports of Togo are mainly composed of primary products which values steadily decreased during the 2000s because of the difficulties experienced by the major chains and degradation of equipment export of phosphates. Secondly exportation of goods and services has a positive and significant impact on the economic growth in Togo in the short and long run. This impact is more important in the long run than short run. Thus, to achieve the objectives of the Accelerated Growth Strategy for the Promotion of Employment, Togo should promote exportation of goods and services for the well-being of the population. Keywords: Togo’s Economy, Goods and Services Exports, Economic Growth ...

Commercialization of smallholder farmers in climate change and logistic challenges

Research article of Global journal of Economics and Business Administration Commercialization of Smallholder Farmers in light of climate change and logistic challenges: Evidence from central Ethiopia Gutu Tesso Assist. Professor at the Institute of Cooperatives and Development Studies, Ambo University Commercialization smallholder farmer has been taken as one of the frontline strategies to extricate the community out of poverty and distinguish the nation among the middle income economies for the past several decades. Investments have been geared toward the same with only little progresses in the endeavor. Market participation and degrees of commercialization still remains unsolved puzzle. This paper investigates smallholders’ market participation, degree of commercialization and factors determining commercialization level using a survey of 453 HH in central part of Ethiopia. Household Commercialization Index (HCI) approach was used to measure degree of commercialization, while a double hurdle regression model was employed to identify the key determinants for market participation and degree of commercialization. The result indicates that significant proportions of HHs were still out of a product market and the degree of commercialization still remains very low. The policy recommendation is that government should focus on the boasting of production and productivity through fertility enhancements, improve access to market information through improved agricultural logistics, increased livelihood diversification, and build resilience to climate change induced shocks and stresses. Keywords: Degree of commercialization, market participation, double hurdle, Ethiopia ...

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1. Hongmei YANG. A study on the Management Mode of Modern Vocational Education in China. Global journal of Economics and Business Administration, 2018, 3: 10.DOI: 10.28933/gjeba-2018-07-2301 

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Global journal of Economics and Business Administration