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The Performance of the Economic and Financial Crimes Commission (EFCC) in the Fight against Corruption in Nigeria: A Critical Appraisal 经济和金融犯罪委员会(EFCC)在尼日利亚反腐败斗争中的表现:关键评价
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.52.58
Obiwuru Chidera Rex
This very article is essentially geared towards evaluating the performance of the EFCC as an antigraft agency in Nigeria. The benchmark for this evaluation is a few selected functions of the agency as enumerated in the Economic and Financial Crimes Commission (Establishment) Act 2004 (section 6). Based on the sensitivity of the topic, secondary analysis is strictly used. The data generated for the study are both quantitative and quantitative. The study revealed, with pictorial evidence as well as names of culprits and properties confiscated, that the EFCC is actually carrying out its functions as mandated by the parliamentary Act of its establishment. However contrariwise, the findings revealed that the commission is yet to be fully independent in the discharge of its assignment. It is also yet to effectively reduce crime rate in the country. The study recommended among other things that the independence of the Commission should not be compromised; that is, it should not be used by any government in power as a ridiculing, incapacitating machine against the opposition.
这篇文章主要是为了评估EFCC作为尼日利亚反贪机构的表现。该评估的基准是《2004年经济和金融犯罪委员会(设立)法》(第6节)中列举的该机构的一些选定职能。基于该主题的敏感性,严格使用二次分析。本研究产生的数据是定量的,也是定量的。这项研究通过图片证据以及罪犯的姓名和没收的财产显示,EFCC实际上正在履行其成立时议会法案所规定的职能。然而,相反的是,调查结果显示,该委员会在执行其任务时尚未完全独立。它还没有有效地降低该国的犯罪率。研究报告建议,除其他事项外,不应损害委员会的独立性;也就是说,它不应该被任何掌权的政府用来作为一个嘲笑、使反对派丧失能力的机器。
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引用次数: 1
Monetary Policy Changes and Inflationary Pressure in Nigeria 尼日利亚的货币政策变化和通胀压力
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.78.86
Isiwu George Duhu, Azike Lawrence Chike, N. Chukwuemeka
Achieving price stability has continued to be one of the major macroeconomic policy objectives of successive governments in Nigeria. This is because, inflation rate, as measured by changes in consumers price index (CPI), has continued to be on the increase despite the implementation of monetary policy measures to control it. Therefore, the main objective of this study is to analyze the impact of monetary policy changes on inflationary pressure in Nigeria. This is to identify whether inflationary pressure in Nigeria is a monetary phenomenon or not. Annual time series data on changes in inflation rate, broad money supply, net domestic credit, monetary policy rate, real GDP growth rate (real output) and exchange rate were collected from Central Bank of Nigeria (CBN) Statistical Bulletin, 2018 issue. To analyze the data, Autoregressive Distributed Lag (ARDL) model, applying bounds test, was adopted. The empirical results show that monetary variables (broad money supply, net domestic credit, monetary policy rate) have insignificant impact on inflation both in the short run and long run respectively. Real output has the expected negative sign and its impact on inflation is significant both in the short run and long run. This implies that inflation in Nigeria is more of output than monetary phenomenon. It is recommended that Nigeria should invest more in agricultural sector since more output is sourced from the sector. This will help to reduce food (price) inflation in the country.
实现价格稳定一直是尼日利亚历届政府的主要宏观经济政策目标之一。这是因为,尽管实施了货币政策措施来控制通货膨胀,但以消费者价格指数(CPI)变化衡量的通货膨胀率仍在继续上升。因此,本研究的主要目的是分析货币政策变化对尼日利亚通胀压力的影响。这是为了确定尼日利亚的通胀压力是否是一种货币现象。关于通货膨胀率、广义货币供应量、国内净信贷、货币政策利率、实际GDP增长率(实际产出)和汇率变化的年度时间序列数据收集自尼日利亚中央银行(CBN)统计公报2018年版。数据分析采用自回归分布滞后(ARDL)模型,采用边界检验。实证结果表明,货币变量(广义货币供应量、国内净信贷、货币政策利率)在短期和长期对通货膨胀的影响均不显著。实际产出具有预期的负号,其对通胀的影响在短期和长期都是显著的。这意味着尼日利亚的通货膨胀与其说是货币现象,不如说是产出问题。建议尼日利亚加大对农业部门的投资,因为农业部门的产出更多。这将有助于减少该国食品(价格)的通货膨胀。
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引用次数: 1
The Influence of Demographic Factors on Investment Behaviour of Individual Investors: A Case Study of Edo State, Nigeria 人口因素对个人投资者投资行为的影响——以尼日利亚埃多州为例
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.69.77
A. Ezekiel, Abu Prince Oshoke
This study empirically examines the influence of demographic factors on investment behaviour of individual investors using Edo state, Nigeria as its case study. Using the maximum likelihood method of estimation to estimate four multinomial logit equations, the results showed that educational level, occupation and marital status are the main demographic determinants of individual investors’ behaviour. Also, age and gender have strong influences on individual investor’s risk preference. Therefore, we recommend that it is pertinent that macroeconomic policies aimed at boosting investment should consider the expansionary effect of targeting civil servants and those in professional practice by providing them with investment incentives as these categories of persons have a much higher affinity for risk for investment purposes.
本研究以尼日利亚江户州为例,实证考察了人口因素对个人投资者投资行为的影响。利用最大似然估计方法对4个多项式logit方程进行了估计,结果表明教育水平、职业和婚姻状况是个人投资者行为的主要人口统计学决定因素。此外,年龄和性别对个人投资者的风险偏好也有很大的影响。因此,我们建议,旨在促进投资的宏观经济政策应该考虑到针对公务员和专业实践人员的扩张效应,为他们提供投资激励,因为这些类别的人对投资目的的风险有更高的亲和性。
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引用次数: 4
Food Security in Urban Households: The Role of Women in an Asian Context 城市家庭的粮食安全:亚洲背景下妇女的作用
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.11.18
C. W. Kalansooriya, W. Gunasekara, P. Jayarathne
Assuring food security is one of the challenges in low and middle-income countries with their rapid urbanization. The role of women has been identified as a key to food security in rural societies, however, yet to make conclusions in an urban setting. Hence this study tries to analyse the role of women in urban households while addressing the context-specific social and cultural differences of women’s role in Asia. The study uses data from Sri Lanka Household Income and Expenditure Survey-2016 and estimates the impact of women's role using the Ordinary Least Square (OLS) method. The relative status of food security of each household is measured using the Household Dietary Diversity Score (HDDS). The study finds a higher level of food security is associated with a higher level of female education. Similarly, households are more food secure when women are more responsible for household income. Further, it reveals that the economic burden on women being the single income earner has not affected on changing the level of food security in their households. empirical to the on the of urban societies using data from an Asian context.
确保粮食安全是快速城市化的低收入和中等收入国家面临的挑战之一。妇女的作用已被确定为农村社会粮食安全的关键,但在城市环境中尚未得出结论。因此,本研究试图分析妇女在城市家庭中的作用,同时解决亚洲妇女角色的具体社会和文化差异。该研究使用了《斯里兰卡家庭收入和支出调查-2016》的数据,并使用普通最小二乘法(OLS)估计了女性角色的影响。使用家庭膳食多样性评分(hds)来衡量每个家庭的粮食安全相对状况。研究发现,食品安全水平越高,女性受教育程度越高。同样,当妇女更多地负责家庭收入时,家庭的粮食安全也会更大。此外,报告还显示,妇女作为单一收入者的经济负担并没有影响到其家庭粮食安全水平的变化。利用亚洲背景下的数据对城市社会进行实证研究。
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引用次数: 2
An Analysis of the Relationship among Economic Growth, External Debt and Exports in India (1970-2018) 印度经济增长、外债与出口关系分析(1970-2018)
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.59.68
Smita Nath
This paper attempts to examine the relationship among debt servicing, exports and GDP for India during 1970 – 2018 using co-integration test, error correction model and Granger causality test. In the bi-variate model with constant trend specification GDP and exports seem to have no long-term relationship. However, change in GDP Granger causes change in exports. For the restricted constant trend specification, in the short run, GDP affects exports positively and significantly. GDP and debt services seem to have a positive and significant long-term relationship in the bivariate model. The tri-variate model including GDP, Exports and debt service reveals a long term relationship among the variables where both exports and debt services affect GDP positively and significantly. GDP, exports and debt stocks do not have any long term relationship with constant trend specification, but change in GDP is found to Granger cause change in exports. For the restricted constant trend specification, however, there seems to be a long term relationship among them. In the short run GDP affects exports positively and significantly. In general, results indicate a positive and significant impact of GDP on exports. A significant positive long run impact of external debt on economic growth is also observed when debt service is the indicator of external debt. The short run impacts of external debt in terms of both debt servicing and debt stocks, however, produce diverse and insignificant results. This study contributes to exiting literature by examining the relationship among debt servicing, exports and GDP for India during 1970 – 2018 using co-integration test, error correction model and Granger causality test.
本文试图利用协整检验、误差修正模型和格兰杰因果检验来检验1970 - 2018年印度偿债、出口和GDP之间的关系。在具有恒定趋势规格的双变量模型中,GDP和出口似乎没有长期关系。然而,GDP格兰杰的变化引起出口的变化。在有限不变趋势规范下,短期内GDP对出口有显著的正向影响。在二元模型中,国内生产总值和债务服务似乎具有积极和显著的长期关系。包括GDP、出口和偿债在内的三变量模型揭示了变量之间的长期关系,其中出口和偿债对GDP都有积极而显著的影响。GDP、出口和债务存量与恒趋势规范不存在长期关系,但GDP的变化会Granger导致出口的变化。然而,对于受限制的常数趋势规范,它们之间似乎存在长期关系。在短期内,GDP对出口有显著的正向影响。总体而言,结果表明GDP对出口有积极和显著的影响。当还本付息是外债的指标时,外债对经济增长也会产生重大的长期积极影响。然而,外债在还本付息和债务存量方面的短期影响产生各种各样的、微不足道的结果。本研究通过使用协整检验、误差修正模型和格兰杰因果检验检验1970 - 2018年印度偿债、出口和GDP之间的关系,为现有文献做出了贡献。
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引用次数: 3
Macroeconomic Policies and Stock Market Liquidity: Evidence from Nigeria 宏观经济政策与股票市场流动性:来自尼日利亚的证据
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.71.25.35
K. Onyele, E. Ikwuagwu, Charity Onyekachi-Onyele
This study investigated the effect of macroeconomic policies on stock market liquidity in Nigeria using annual time series data that spanned from 1986 to 2018. Specifically, the paper analyzed how monetary and fiscal policies interactions affect stock market liquidity. Stock market liquidity was measured by stock turnover ratio. Unit root test confirmed that the variables were of mixed integration which necessitated the application of ARDL technique. The ARDL bounds testing revealed that a long-run relationship existed between fiscal and monetary policies instruments, and stock market turnover ratio. In the long-run, it was found that government debt had negative and significant effect on stock market turnover ratio while monetary policy variables such as monetary policy rate and cash reserve ratio had significant effect on stock market turnover, but only the policy rate was positive. In the short-run, all the explanatory variables were significant apart from monetary policy rate which was, though, significant after one period lag and liquidity ratio which was not significant at any level. The results of the ECM suggested that stock market liquidity was affected by the interactions of fiscal and monetary policies instruments in Nigeria. Consequently, the paper concluded that macroeconomic policies that would enforce sustainable and efficient financial market towards improving stock market liquidity be strictly implemented.
本研究利用1986年至2018年的年度时间序列数据,调查了宏观经济政策对尼日利亚股市流动性的影响。具体而言,本文分析了货币政策和财政政策的相互作用对股市流动性的影响。股票市场流动性是用股票换手率来衡量的。单位根检验证实变量为混合积分,需要应用ARDL技术。ARDL边界检验表明,财政、货币政策工具与股市换手率之间存在长期关系。长期来看,我们发现政府债务对股市换手率有显著的负向影响,货币政策利率、现金准备金率等货币政策变量对股市换手率有显著的影响,但只有政策利率是正的。在短期内,除了货币政策利率在一个周期滞后后显著,流动性比率在任何水平上都不显著外,所有解释变量都显著。ECM的结果表明,尼日利亚的股票市场流动性受到财政和货币政策工具相互作用的影响。因此,本文得出结论,严格执行宏观经济政策,以加强可持续和有效的金融市场,以改善股市流动性。
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引用次数: 2
Does an External Governance Framework Enhance the Performance of Pakistan's Banking Sectors? Foreign Ownership as Moderator 外部治理框架是否能提高巴基斯坦银行业的绩效?外资持股成为调节因素
Pub Date : 2020-01-01 DOI: 10.20448/journal.502.2020.72.110.118
Shoaib Ali, Hafiz Muhammad Naveed, Abubakar Khaliq
This study would determine how external governance structure improves the performance of listed banks in Pakistan with the return on assets (ROA), return on equity (ROE), earnings per share (EPS) and dividend payout ratio (DPR) estimates. The study concerned external corporate governance with the presence of foreign ownership as a moderator. The sample design of the study is listed banks in Pakistan stock exchange (PSX) from 2009 to 2018 with the availability of foreign ownership data. The data are gathered from financial statements, shareholding trends, and the credit rating agencies Pakistan (PACRA). The panel data approach (fixed and random effect model) was reversed to serve a different research objective and the study goals. The results showed that the external mechanism of governance performs an important part in the transparency and efficiency of the banking sectors. The banks could also increase foreign investment if they get better external governance mechanisms. This work will help commercial banks resolve the issues and improve compliance with the corporate governance code, and devise strategies for better functioning. This research is inconsistent as none defined the governance of the external system with the moderator presence in Pakistan.
本研究将通过资产回报率(ROA)、股本回报率(ROE)、每股收益(EPS)和股息支付率(DPR)估算,确定外部治理结构如何改善巴基斯坦上市银行的绩效。这项研究涉及外资所有权作为调节因素的外部公司治理。本研究的样本设计是2009年至2018年巴基斯坦证券交易所(PSX)的上市银行,并提供外资所有权数据。数据收集自财务报表、股权趋势和巴基斯坦信用评级机构(PACRA)。面板数据方法(固定和随机效应模型)被逆转,以服务于不同的研究目的和研究目标。结果表明,外部治理机制对银行业的透明度和效率起着重要作用。如果这些银行获得更好的外部治理机制,它们也可以增加对外投资。这项工作将有助于商业银行解决这些问题,提高对公司治理准则的遵从性,并制定更好运作的战略。这项研究是不一致的,因为没有一项研究将巴基斯坦的外部系统治理与调解人的存在联系起来。
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引用次数: 1
Przemiany w zagospodarowaniu terenów popegeerowskich województwa łódzkiego – studium przypadku
Pub Date : 2019-09-30 DOI: 10.18778/1733-3180.29.01
Paulina Kurzyk
Koniec ubiegłego stulecia to dla Polski okres szeroko rozumianych przemian ekonomiczno-społecznych. Wprowadziły one nowe regulacje prawne dotyczące m.in. rolnictwa, które przez niemal 40 lat podzielone było na sferę prywatną i państwową. Państwowe Gospodarstwa Rolne (PGR) były reprezentantem wprowadzonego ustroju socjalistycznego w aspekcie gospodarowania terenami wiejskim. W wyniku zmian dokonanych po 1989 roku a także przyczyn obiektywnych (jak np. złej lokalizacji w stosunku do bazy surowcowej) i subiektywnych (związanych ze złym lub biernym zarządzaniem) uległy one likwidacji. Głównym celem artykułu jest ukazanie przemian w zagospodarowaniu obszarów rolnictwa państwowego w województwie łódzkim opierając się na studium przypadku. Artykuł obrazuje ponadto, rozmieszczenie i specjalizację PGRów, tym samym stanowi pierwszą, całościową identyfikację tych jednostek w badanym województwie. Metody badawcze, które użyto w pracy pozwoliły na dogłębne spojrzenie na poruszany problem. W znaczącej części analiza oparta jest o inwentaryzację terenową oraz wywiady swobodne prowadzone na wybranych obszarach. Niezbędnym materiałem badawczym okazały się dokumenty, które pozyskano z archiwum Krajowego Ośrodka Wsparcia Rolnictwa (KOWR, niegdyś, Agencja Własności Rolnej Skarbu Państwa, AWRSP). W świetle przeprowadzonych badań wykazano iż niemal 50% zasobu przejętego z terenów popegeerowskich z województwa łódzkiego, zostało trwale rozdysponowane (głównie poprzez sprzedaż). Przemiany, które zidentyfikowano mają bardziej charakter odnowy i adaptacji do funkcji wcześniej istniejących na tych obszarach.
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引用次数: 0
Starzenie się ludności w polskich miastach
Pub Date : 2019-09-30 DOI: 10.18778/1733-3180.29.03
Anna Janiszewska
Mieszkańcy miast w Polsce stanowią ponad 60% ludności kraju. W systemie osadniczym naszego kraju występuje wykształcona, kilkustopniowa struktura hierarchiczna miast, a stolica kraju odznacza się niewielką, na tle innych krajów europejskich, przewagą nad innymi ośrodkami regionalnymi. Rozmieszczenie miast, zwłaszcza małych i średniej wielkości, jest równomierne w przestrzeni. Te cechy systemu osadniczego wskazują, że jest to system policentryczny. Obserwowane od kilkudziesięciu lat przemiany demograficzne w Polsce, w tym także starzenie się ludności, dotyczą mieszkańców miast zarówno dużych, średnich, jak i małych. Jednak poziom starzenia się mieszkańców miast różnej wielkości, a także dynamika tego procesu są zróżnicowane przestrzennie. Głównym celem opracowania jest określenie poziomu i dynamiki starzenia się mieszkańców miast małych, średnich oraz dużych w Polsce.
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引用次数: 6
Walory przyrodnicze i zagospodarowanie turystyczne wydm śródlądowych na przykładzie regionu łódzkiego
Pub Date : 2019-09-30 DOI: 10.18778/1733-3180.29.02
E. Kobojek, S. Kobojek
Powszechnie uważa się, że w Polsce Środkowej do elementów przyrodniczych przydatnych dla turystyki i rekreacji należą tylko doliny dużych rzek i sztuczne zbiorniki wodne. Zwykle pomijane są wydmy śródlądowe pokryte lasem. Celem artykułu jest analiza przyrodniczych walorów wydm śródlądowych oraz zagospodarowania turystycznego w nizinnej części Polski Środkowej w regionie łódzkim. Wskazano walory rekreacyjne i wypoczynkowe tych form terenu. Wydmy śródlądowe, o różnych kształtach i wysokościach względnych do 20–30 m, są ważnym elementem morfologicznym w obszarach równinnych Polski Środkowej. Rekreacji i wypoczynkowi, poza urozmaiconą rzeźbą, sprzyjają dobre warunki bioklimatyczne panujące w lasach sosnowych występujących na suchym, piaszczystym podłożu. Dodatkowym walorem w niektórych miejscowościach jest obecność w bezpośrednim sąsiedztwie wydm, sztucznych zbiorników wodnych z piaszczystymi plażami. Te trzy elementy (urozmaicona rzeźba, las sosnowy i woda) tworzą wyjątkowo korzystne warunki wypoczynku w obszarach równinnych. To obszary wydmowe pokryte lasami sprzyjają od ponad 100 lat osadnictwu letniskowemu, wypoczynkowi weekendowemu i wakacyjnemu w pobliżu miejsca zamieszkania, a także lecznictwu sanatoryjnemu. Są przydatne dla turystyki nizinnej pieszej i rowerowej.
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引用次数: 2
期刊
Space Society Economy
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