The growing dynamics of macroeconomic and political environment across the globe particularly in developing countries where high inflation appears persistent, and trade -off between low stable inflation and full employment are becoming more challenging for monetary and fiscal authorities and has increase the needs to review the optimal monetary policy choice by the central banks. The present study investigates the optimal monetary policy choice in a backward and forward looking model. In particular, the study adopt an explorative review where both theoretical and empirical literature on the subject were reviewed and synthesized. The findings from literature revealed that there is no consensus on whether the optimal monetary policy should be backward looking or forward looking as both have their own unique advantages. The study concludes that a hybrid of both forward and backward-looking model where more weights is assigned to forward looking variables will improve the responsiveness of monetary policy decision on real macroeconomic variables like inflation, employment and economic growth.
{"title":"Optimal Monetary Policy in a simple backward and forward looking Models","authors":"Aderibigbe Aderohunmu, Mustapha Abdulwahid","doi":"10.53790/ajmss.v3i5.72","DOIUrl":"https://doi.org/10.53790/ajmss.v3i5.72","url":null,"abstract":"The growing dynamics of macroeconomic and political environment across the globe particularly in developing countries where high inflation appears persistent, and trade -off between low stable inflation and full employment are becoming more challenging for monetary and fiscal authorities and has increase the needs to review the optimal monetary policy choice by the central banks. The present study investigates the optimal monetary policy choice in a backward and forward looking model. In particular, the study adopt an explorative review where both theoretical and empirical literature on the subject were reviewed and synthesized. The findings from literature revealed that there is no consensus on whether the optimal monetary policy should be backward looking or forward looking as both have their own unique advantages. The study concludes that a hybrid of both forward and backward-looking model where more weights is assigned to forward looking variables will improve the responsiveness of monetary policy decision on real macroeconomic variables like inflation, employment and economic growth.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128153954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study attempted to investigate the effectiveness of the interest rate channel in the transmission of monetary policy by employing a structural vector autoregressive (SVAR) model using sign restriction. It used a set of policy and non-policy macroeconomic variables based on monthly data spanning the period 2007 and 2020. The structural impulse response functions provided evidence to support the use of the MPR as a signaling rate for domestic interest rates but was, however, found to be ineffective in stabilizing prices or increasing output. Furthermore, results from the variance decomposition of the non-policy variables found the effect of exchange rate innovations to be more significant in explaining variations in the price level. The study, therefore, concludes that the effectiveness of the policy rate in stabilizing prices is dampened by shocks prevalent from the external sector. Given the importance of international trade, the study recommends aggressive exchange rate management including policies that encourage import-substitution to build reserves and strengthen the value of the domestic currency.
{"title":"Assessment of interest rate channel Effectiveness in the transmission of Monetary Policy in Nigeria","authors":"Bulus Yusuf, O. Afiemo, A. Isah","doi":"10.53790/ajmss.v3i5.63","DOIUrl":"https://doi.org/10.53790/ajmss.v3i5.63","url":null,"abstract":"This study attempted to investigate the effectiveness of the interest rate channel in the transmission of monetary policy by employing a structural vector autoregressive (SVAR) model using sign restriction. It used a set of policy and non-policy macroeconomic variables based on monthly data spanning the period 2007 and 2020. The structural impulse response functions provided evidence to support the use of the MPR as a signaling rate for domestic interest rates but was, however, found to be ineffective in stabilizing prices or increasing output. Furthermore, results from the variance decomposition of the non-policy variables found the effect of exchange rate innovations to be more significant in explaining variations in the price level. The study, therefore, concludes that the effectiveness of the policy rate in stabilizing prices is dampened by shocks prevalent from the external sector. Given the importance of international trade, the study recommends aggressive exchange rate management including policies that encourage import-substitution to build reserves and strengthen the value of the domestic currency.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126196023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigated the effect of social disclosure on the financial performance of selected Nigerian food and beverage industries. Ex-post facto research is used in this study. The information was gathered from the annual reports of the selected food and beverage companies listed on the Nigerian Stock Exchange from 2016 to 2020. The study used content analysis to approach social disclosure data and Stata to analyse the acquired data. As a result, a panel data regression technique was used. For the period under consideration, 2011-2020, there were negative but negligible connections between the various scores assessing social and environmental disclosures and the financial performance of food and beverage manufacturers listed on the Nigerian Stock Exchange. Given the foregoing, the study recommends that government regulatory authorities and policymakers utilise important theoretical guidance to promote the establishment of a standard reporting guideline for the process of creating a company's non-financial report, or better yet, encourage the process of creating standalone reports and developing standard information disclosure templates, encouraging organisations to disclose corporate environmental monetary information.
{"title":"Effect of Social Disclosures on the Financial Performance of Selected Food and Beverage Manufacturing Firms in Nigeria","authors":"G. Oyedokun, Bihu Ayon","doi":"10.53790/ajmss.v3i5.69","DOIUrl":"https://doi.org/10.53790/ajmss.v3i5.69","url":null,"abstract":"This study investigated the effect of social disclosure on the financial performance of selected Nigerian food and beverage industries. Ex-post facto research is used in this study. The information was gathered from the annual reports of the selected food and beverage companies listed on the Nigerian Stock Exchange from 2016 to 2020. The study used content analysis to approach social disclosure data and Stata to analyse the acquired data. As a result, a panel data regression technique was used. For the period under consideration, 2011-2020, there were negative but negligible connections between the various scores assessing social and environmental disclosures and the financial performance of food and beverage manufacturers listed on the Nigerian Stock Exchange. Given the foregoing, the study recommends that government regulatory authorities and policymakers utilise important theoretical guidance to promote the establishment of a standard reporting guideline for the process of creating a company's non-financial report, or better yet, encourage the process of creating standalone reports and developing standard information disclosure templates, encouraging organisations to disclose corporate environmental monetary information.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115418464","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
obtained from CBN statistical bulletin from 1990Q1 to 2019Q4. Monetary policy was proxied by monetary policy rate (MPR), prime lending rate (PLR), maximum lending rate (MLR), and treasury bills rate (TBR). The study employed Structural Equation Modelling (SEM) in analysis. It was found that monetary policy rate, prime lending rate, maximum lending rate, and treasury bills rate impacted positively on inflation in Nigeria. It was also found that industrial output impacted negatively on inflation, implying that an increase in industrial output will lead to a reduction in inflation in Nigeria. The study also found that industrial output played a partial mediation on the relationship between prime lending rate (PLR), maximum lending rate (MLR), and inflation but a complete mediation was found for industrial output on the relationship between monetary policy rates (MPR), treasury bills rate (TBR) and inflation in Nigeria. The study concluded that when industrial output is used as a mediator variable, on the relationship between monetary policy and inflation; monetary policy can effectively reduce inflation indirectly by boosting industrial output or production. The study recommends that to achieve the monetary policy objective of price stability, the monetary authority should reduce MPR, PLR, MLR, and TBR to boost industrial output, as industrial output has the potential of reducing the inflation rate in Nigeria.
{"title":"Mediating Role of Industrial Output on the relationship between Monetary Policy and Inflation in Nigeria","authors":"A. Umaru, Olugbenga Adebayo, Yunah B Bula","doi":"10.53790/ajmss.v3i5.68","DOIUrl":"https://doi.org/10.53790/ajmss.v3i5.68","url":null,"abstract":"obtained from CBN statistical bulletin from 1990Q1 to 2019Q4. Monetary policy was proxied by monetary policy rate (MPR), prime lending rate (PLR), maximum lending rate (MLR), and treasury bills rate (TBR). The study employed Structural Equation Modelling (SEM) in analysis. It was found that monetary policy rate, prime lending rate, maximum lending rate, and treasury bills rate impacted positively on inflation in Nigeria. It was also found that industrial output impacted negatively on inflation, implying that an increase in industrial output will lead to a reduction in inflation in Nigeria. The study also found that industrial output played a partial mediation on the relationship between prime lending rate (PLR), maximum lending rate (MLR), and inflation but a complete mediation was found for industrial output on the relationship between monetary policy rates (MPR), treasury bills rate (TBR) and inflation in Nigeria. The study concluded that when industrial output is used as a mediator variable, on the relationship between monetary policy and inflation; monetary policy can effectively reduce inflation indirectly by boosting industrial output or production. The study recommends that to achieve the monetary policy objective of price stability, the monetary authority should reduce MPR, PLR, MLR, and TBR to boost industrial output, as industrial output has the potential of reducing the inflation rate in Nigeria.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128472584","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper is primarily concerned with reviewing the productivity and welfare impacts of improved seeds in Ethiopia. Methodology: This study reviews both theoretical as well as empirical research conducted in Ethiopia. The method of analysis used in this paper is content analysis of literature, with careful organization and presentation of the results. Finding: The result of this critical review has confirmed that using improved seeds enhances productivity and welfare in a significant and promising way. Adoption of improved seeds boosts farm household income, food security, household spending, and poverty reduction. It is also implying that improved seed's impact can be increased if it is paired with other technologies such as fertilizer. Finally, it is suggested that increasing awareness of the availability and benefits of improved seed, increasing access to improved seed, and combining improved seed with other agricultural technologies such as fertilizer help to promote farm household production and well-being.
{"title":"Productivity and Welfare Impact of Adoption of Improved Seed in Ethiopia; Critical Review","authors":"Zenaye Degefu Agazhi, Melkamu Meda","doi":"10.53790/ajmss.v3i5.49","DOIUrl":"https://doi.org/10.53790/ajmss.v3i5.49","url":null,"abstract":"This paper is primarily concerned with reviewing the productivity and welfare impacts of improved seeds in Ethiopia. Methodology: This study reviews both theoretical as well as empirical research conducted in Ethiopia. The method of analysis used in this paper is content analysis of literature, with careful organization and presentation of the results. Finding: The result of this critical review has confirmed that using improved seeds enhances productivity and welfare in a significant and promising way. Adoption of improved seeds boosts farm household income, food security, household spending, and poverty reduction. It is also implying that improved seed's impact can be increased if it is paired with other technologies such as fertilizer. Finally, it is suggested that increasing awareness of the availability and benefits of improved seed, increasing access to improved seed, and combining improved seed with other agricultural technologies such as fertilizer help to promote farm household production and well-being.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124671766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gbadebo Salam, Alase Gbenga, Lamidi Sikiru, T. Joseph
This study examines the incidence of strategic default by borrowers in Central Bank of Nigeria (CBN) microfinance loan facilities and the role of incentives to prevent such opportunistic behaviour. A collective strategic default is a situation where sound borrower feigns inability to repay with an expectation that a large number of other borrowers will not repay their loans, thus reducing the bank’s enforcement capacity, and then the effectiveness of the policy. Such opportunistic behaviour of borrowers happens in a framework in which there is no incentives to compel and encourage borrowers to pay back the borrowed funds. Using an extensive form game in a global game theory framework, the study found that without incentives, there is a room for opportunistic behaviour in central government financial intervention programmes. While such programmes are expected to benefit the economy, but incentives, either positive or negative will reduce incidence of strategic default.
{"title":"Borrowers Strategic Loan Default in Central Bank Microfinance Facilities and Incentives to Repay","authors":"Gbadebo Salam, Alase Gbenga, Lamidi Sikiru, T. Joseph","doi":"10.53790/ajmss.v3i4.62","DOIUrl":"https://doi.org/10.53790/ajmss.v3i4.62","url":null,"abstract":"This study examines the incidence of strategic default by borrowers in Central Bank of Nigeria (CBN) microfinance loan facilities and the role of incentives to prevent such opportunistic behaviour. A collective strategic default is a situation where sound borrower feigns inability to repay with an expectation that a large number of other borrowers will not repay their loans, thus reducing the bank’s enforcement capacity, and then the effectiveness of the policy. Such opportunistic behaviour of borrowers happens in a framework in which there is no incentives to compel and encourage borrowers to pay back the borrowed funds. Using an extensive form game in a global game theory framework, the study found that without incentives, there is a room for opportunistic behaviour in central government financial intervention programmes. While such programmes are expected to benefit the economy, but incentives, either positive or negative will reduce incidence of strategic default.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114333762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant effect on children engaging in work, and the increase in the distance between hospitals from households in kilometers has the potential to reduce the probability of children engaging in work. Therefore, the study recommends necessary actions such as adequate provision for basic infrastructure.
{"title":"Analysis of the Basic Infrastructures Affecting Child Labour in North-Eastern Nigeria","authors":"Ibrahim Musa, S. Magaji, Ahmed Tsauni","doi":"10.53790/ajmss.v3i4.45","DOIUrl":"https://doi.org/10.53790/ajmss.v3i4.45","url":null,"abstract":"This study examines the basic infrastructures affecting child labour in North-Eastern Nigeria. The study employed multistage sampling techniques to obtain data from selected local government areas in three states of North Eastern Nigeria. Structured questionnaires were administered to 810 children and their household heads in three wards of each local government area selected. The data obtained were analysed using the Tobit Model. The results show that access to electricity has no significant effect on children engaging in work. This implies that access to electricity has no significant contribution or effect on determining the probability of children engaging in child labour. In addition, access to clean pipe borne water has no significant effect on children engaging in work. But the distance of school from households in kilometers has a significant positive effect on children engaged in work. However, the distance between hospitals and households in kilometers has no significant effect on children engaging in work, and the increase in the distance between hospitals from households in kilometers has the potential to reduce the probability of children engaging in work. Therefore, the study recommends necessary actions such as adequate provision for basic infrastructure. ","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126339799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yeshi Jima, Dawit Diriba, Feyera Senbeta, B. Simane
Understanding the impact of hydropower dam construction on adjacent local community water security is critical for identifying factors that influence water security as well as improving water supplies in rural areas. This study analyzes the impact of hydropower dam construction on the water security of households around the Amerti and Neshe dams in Northwestern Ethiopia. A multistage sampling procedure was followed to select 485 households (268 affected and 217 non-affected) for our analysis. A principal component analysis was applied to five dimensions of water security (access, utilization, affordability, quality, and quantity) and then the households water security index (HWSI) was constructed. An endogenous switching regression model was applied to analyze the impact of dam construction on the water security status at the household level in the study area. Our findings revealed that there is a significant mean difference in HWSI between affected and non-affected households regarding water access and quality. The average treatment effect indicates that the construction of the two dams has had a negative impact on household water security, reducing it by 12%. As a result, government and other stakeholders should consider relocating affected households to better areas in order to mitigate such negative effects on household water security.
{"title":"Impact of Hydropower Dam on Household Water Security: Evidence from Amerti-Neshe Reservoir in Northwestern Ethiopia","authors":"Yeshi Jima, Dawit Diriba, Feyera Senbeta, B. Simane","doi":"10.53790/ajmss.v3i4.53","DOIUrl":"https://doi.org/10.53790/ajmss.v3i4.53","url":null,"abstract":"Understanding the impact of hydropower dam construction on adjacent local community water security is critical for identifying factors that influence water security as well as improving water supplies in rural areas. This study analyzes the impact of hydropower dam construction on the water security of households around the Amerti and Neshe dams in Northwestern Ethiopia. A multistage sampling procedure was followed to select 485 households (268 affected and 217 non-affected) for our analysis. A principal component analysis was applied to five dimensions of water security (access, utilization, affordability, quality, and quantity) and then the households water security index (HWSI) was constructed. An endogenous switching regression model was applied to analyze the impact of dam construction on the water security status at the household level in the study area. Our findings revealed that there is a significant mean difference in HWSI between affected and non-affected households regarding water access and quality. The average treatment effect indicates that the construction of the two dams has had a negative impact on household water security, reducing it by 12%. As a result, government and other stakeholders should consider relocating affected households to better areas in order to mitigate such negative effects on household water security.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116052034","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Akadiri, Gbenga Peter Enitan, P. F. Offum, Bukola Omotayo Fashoro, R. Joshua
The role of agriculture in reforming social and economic framework of an economy cannot be over-emphasized. It is against this backdrop, this study re-investigate the impact of agricultural output on real output in Nigeria for the period 1981-2019, while controlling for manufacturing output, broad money supply, real effective exchange rate and inflation. We employ a dynamic simulated autoregressive distributed lag model developed by Jordan and Philips (2018) and the Kernel-based Regularized Least Squares (KRLS) proposed by Hainmueller and Hazlett (2014) with useful application in the determination of causal-effect relationship using machine-learning algorithm to implement the pointwise derivatives. Empirical result show that, all regressors except conventional money supply are insignificant in the short-run, while an increasing effect of agricultural output and decreasing effect of unconventional monetary policy on economic growth is reported in the long run. Using the KRLS, we find that, higher agricultural output, increase economic growth at a higher level to a threshold where decreasing marginal returns take place. This indicate that increase in agricultural output is not always growth stimulating. Thus, we are of the opinion that, policymakers in formulating agricultural policy should exercise caution in advocating for increase in agricultural output beyond what is normal for growth while the negative impact of unconventional monetary policy on economic growth calls for caution by the monetary authority.
{"title":"Re-examining agricultural output-economic growth nexus in Nigeria: New insights from Dynamic ARDL and Kernel-based Regularized Least Squares","authors":"S. Akadiri, Gbenga Peter Enitan, P. F. Offum, Bukola Omotayo Fashoro, R. Joshua","doi":"10.53790/ajmss.v3i3.51","DOIUrl":"https://doi.org/10.53790/ajmss.v3i3.51","url":null,"abstract":"The role of agriculture in reforming social and economic framework of an economy cannot be over-emphasized. It is against this backdrop, this study re-investigate the impact of agricultural output on real output in Nigeria for the period 1981-2019, while controlling for manufacturing output, broad money supply, real effective exchange rate and inflation. We employ a dynamic simulated autoregressive distributed lag model developed by Jordan and Philips (2018) and the Kernel-based Regularized Least Squares (KRLS) proposed by Hainmueller and Hazlett (2014) with useful application in the determination of causal-effect relationship using machine-learning algorithm to implement the pointwise derivatives. Empirical result show that, all regressors except conventional money supply are insignificant in the short-run, while an increasing effect of agricultural output and decreasing effect of unconventional monetary policy on economic growth is reported in the long run. Using the KRLS, we find that, higher agricultural output, increase economic growth at a higher level to a threshold where decreasing marginal returns take place. This indicate that increase in agricultural output is not always growth stimulating. Thus, we are of the opinion that, policymakers in formulating agricultural policy should exercise caution in advocating for increase in agricultural output beyond what is normal for growth while the negative impact of unconventional monetary policy on economic growth calls for caution by the monetary authority.","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115903271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The provision of ecosystem services is determined by three factors: supply, demand, and flow. The study looked into both the demand and supply sides, as well as the spatial and temporal variations between supply and demand, from the perspective of a city region. To investigate the mismatch between demand and supply both quantitative and qualitative sources of data were employed. Landsat data, expert knowledge, document review, and qualitative data including key informant interview was utilized. The land-use patterns analyses show that ecosystem services flow in the city surroundings are higher than those within Mekelle city’s administrative boundary. Land use/land cover dynamics were the main drivers of ecosystem services supply decline in the Mekelle city region. Those changes negatively affected the capacity of ecosystems to provide goods and services to the growing urban and rural populations. This supply of bundles of ecosystem services did not match the demands of the society which endangered the sustainable utilization of natural capital. The results disclose land-use patterns over time and space as well as the capacities of different ecosystems to provide sustainable ecosystem services supply are declining. On the contrary, demands for these services are increasing due to the growth of the population and economic activities. The study can support spatial planners in addressing the sustainable use of watershed ecosystem services.
{"title":"Ecosystem Services Demand and Supply in a City Region: Implications for Regional Spatial Planning in Mekelle City","authors":"Shishay Kiros","doi":"10.53790/ajmss.v3i3.55","DOIUrl":"https://doi.org/10.53790/ajmss.v3i3.55","url":null,"abstract":"The provision of ecosystem services is determined by three factors: supply, demand, and flow. The study looked into both the demand and supply sides, as well as the spatial and temporal variations between supply and demand, from the perspective of a city region. To investigate the mismatch between demand and supply both quantitative and qualitative sources of data were employed. Landsat data, expert knowledge, document review, and qualitative data including key informant interview was utilized. The land-use patterns analyses show that ecosystem services flow in the city surroundings are higher than those within Mekelle city’s administrative boundary. Land use/land cover dynamics were the main drivers of ecosystem services supply decline in the Mekelle city region. Those changes negatively affected the capacity of ecosystems to provide goods and services to the growing urban and rural populations. This supply of bundles of ecosystem services did not match the demands of the society which endangered the sustainable utilization of natural capital. The results disclose land-use patterns over time and space as well as the capacities of different ecosystems to provide sustainable ecosystem services supply are declining. On the contrary, demands for these services are increasing due to the growth of the population and economic activities. The study can support spatial planners in addressing the sustainable use of watershed ecosystem services.\u0000 \u0000 ","PeriodicalId":409373,"journal":{"name":"Applied Journal of Economics, Management and Social Sciences","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131207881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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