Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no3.2023.pg15.30
M. Inuwa, Ibrahim Gondah Male
The study aims to assess lean readiness level within manufacturing SMEs from technical perspective by examining the relationship between process management and planning & control on customer relations. The research applied quantitative survey approach by administering questionnaire to SMEs managers. Responses received were analyzed using SMART-PLS 4 to examine measurement model, structural model, and path coefficient. The findings of the study show that process management and planning & control have a positive and significant relationship on customer relations. The study implies that manufacturing SMEs in Nigeria have an appreciable lean readiness from technical perspective. It also indicates that processes, planning and control activities within SMEs are compatible with lean practices and techniques. The study is among the few that assess lean readiness from technical perspective, hence given a new insight in evaluation of lean readiness
{"title":"Lean Technical Factors and Customer Relations: An Assessment of Readiness to Deploy Lean Manufacturing within SMEs","authors":"M. Inuwa, Ibrahim Gondah Male","doi":"10.56201/ijebm.v9.no3.2023.pg15.30","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no3.2023.pg15.30","url":null,"abstract":"The study aims to assess lean readiness level within manufacturing SMEs from technical perspective by examining the relationship between process management and planning & control on customer relations. The research applied quantitative survey approach by administering questionnaire to SMEs managers. Responses received were analyzed using SMART-PLS 4 to examine measurement model, structural model, and path coefficient. The findings of the study show that process management and planning & control have a positive and significant relationship on customer relations. The study implies that manufacturing SMEs in Nigeria have an appreciable lean readiness from technical perspective. It also indicates that processes, planning and control activities within SMEs are compatible with lean practices and techniques. The study is among the few that assess lean readiness from technical perspective, hence given a new insight in evaluation of lean readiness","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 26","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139787490","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg56.65
Obulord F. Okiridu, Oweredaba Inebene
The study investigated the organisational ergonomics framework and Business Educators’ job commitment in universities in Rivers State. Two research questions were answered, while two hypotheses were tested. A correlational research design was adopted for the study. The population of the study comprised 47 business educators from three universities in Rivers State. The census sampling technique was adopted due to its manageable size. Two structured instruments (OEFQ and BEJCQ) validated by experts in business education and measurement and evaluation were used for data collection. The reliability index of 0.93 and 0.76 was obtained, respectively, using Cronbach’s alpha. Data were analysed using mean, standard deviation, and Pearson Product Moment Correlation (r). A post-hoc t-transformation test was also carried out to test the significance of the correlation coefficient. Findings from the study revealed a positive and significant relationship between production ergonomics, proactive ergonomics, and Business Educators job commitment in universities in Rivers State. Based on the findings, the researchers concluded that the organisational ergonomics framework is a comprehensive approach that improves workplace ergonomics and further recommended that university management should provide ergonomic tools and equipment that are adjustable and suitable to individual body sizes and capabilities that can help to prevent musculoskeletal disorders and improve overall comfort. Institutions should also establish an ergonomic committee with the responsibility of training faculty members about proper ergonomics as well as conducting regular evaluations of equipment and tools.
{"title":"Organizational Ergonomics Framework and Business Educators’ Job Commitment in Universities in Rivers State","authors":"Obulord F. Okiridu, Oweredaba Inebene","doi":"10.56201/ijebm.v9.no8.2023.pg56.65","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg56.65","url":null,"abstract":"The study investigated the organisational ergonomics framework and Business Educators’ job commitment in universities in Rivers State. Two research questions were answered, while two hypotheses were tested. A correlational research design was adopted for the study. The population of the study comprised 47 business educators from three universities in Rivers State. The census sampling technique was adopted due to its manageable size. Two structured instruments (OEFQ and BEJCQ) validated by experts in business education and measurement and evaluation were used for data collection. The reliability index of 0.93 and 0.76 was obtained, respectively, using Cronbach’s alpha. Data were analysed using mean, standard deviation, and Pearson Product Moment Correlation (r). A post-hoc t-transformation test was also carried out to test the significance of the correlation coefficient. Findings from the study revealed a positive and significant relationship between production ergonomics, proactive ergonomics, and Business Educators job commitment in universities in Rivers State. Based on the findings, the researchers concluded that the organisational ergonomics framework is a comprehensive approach that improves workplace ergonomics and further recommended that university management should provide ergonomic tools and equipment that are adjustable and suitable to individual body sizes and capabilities that can help to prevent musculoskeletal disorders and improve overall comfort. Institutions should also establish an ergonomic committee with the responsibility of training faculty members about proper ergonomics as well as conducting regular evaluations of equipment and tools.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788417","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg114.117
Nnordee Bariagara King David, Poyeri James Binatari
The study focused on security challenges and economic development in emerging economic in Nigeria and solutions. The continuous rise in insecurity and deterioration in the economic development in Nigeria call for a concern among researchers and policy makers over the years. Nigeria has witnessed an unprecedented security challenge occasioned by the activities of militants in the South-South region, kidnappers in the south east, violent armed robbery in almost parts of the country, political assassination, ritual killings and more recently activities of Boko Haram in some parts of the northern region especially north east. These social menaces, when put together impinge on the security of lives and property of both Nigerian citizens and foreigners living or even trying to invest in the country. To ensure economic development in Nigeria therefore, the study recommends various measures of curbing security challenges including preventive community policing, human capital development, equitable distribution of resources as well as channeling of resources to frontline sectors of the economy among others. This paper recommend that Federal government should engage peace and conflict resolution experts in dealing with issues concerning Fulani herdsmen and Farmers crises and that ranching method of cattle rearing location across the country while the herdsmen should be given needed training for effective and efficient management of the ranching. Also, effective leadership and good governance as a panacea to solving problems of insecurity, unemployment, poverty, hunger, disease, among other negative indices.
{"title":"Security Challenges and Economic Development in Emerging Economics: The Nigeria Experience","authors":"Nnordee Bariagara King David, Poyeri James Binatari","doi":"10.56201/ijebm.v9.no8.2023.pg114.117","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg114.117","url":null,"abstract":"The study focused on security challenges and economic development in emerging economic in Nigeria and solutions. The continuous rise in insecurity and deterioration in the economic development in Nigeria call for a concern among researchers and policy makers over the years. Nigeria has witnessed an unprecedented security challenge occasioned by the activities of militants in the South-South region, kidnappers in the south east, violent armed robbery in almost parts of the country, political assassination, ritual killings and more recently activities of Boko Haram in some parts of the northern region especially north east. These social menaces, when put together impinge on the security of lives and property of both Nigerian citizens and foreigners living or even trying to invest in the country. To ensure economic development in Nigeria therefore, the study recommends various measures of curbing security challenges including preventive community policing, human capital development, equitable distribution of resources as well as channeling of resources to frontline sectors of the economy among others. This paper recommend that Federal government should engage peace and conflict resolution experts in dealing with issues concerning Fulani herdsmen and Farmers crises and that ranching method of cattle rearing location across the country while the herdsmen should be given needed training for effective and efficient management of the ranching. Also, effective leadership and good governance as a panacea to solving problems of insecurity, unemployment, poverty, hunger, disease, among other negative indices.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788639","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 purpose of the study was to assess the influence of online advertising on student preferences towards smartphone brands. Specifically, the study intended to examine the influence of social media influencer endorsements, advertisement credibility and electronic word of mouth for the students of University of Iringa. The research employed a quantitative research approach. Cross- sectional design was used to gather data and descriptive design used to analyze and summarize the results to answer the research problem. The targeted population was 5262 students from University of Iringa where a sample size of 98 was drawn out of it. Simple random sampling technique was used to select respondents who are the students of University of Iringa. Data analysis was conducted using descriptive statistics via SPSS version 20 software. The findings highlighted the significant influence of electronic word of mouth and online advertising credibility on student preferences for smartphone brands. However, social media influencer endorsements exhibited a moderate influence. Students displayed a preference for credible and transparent advertising content, valuing their purchasing experiences and relying on peer feedback through electronic word of mouth. Nevertheless, the study also revealed a level of skepticism and limited impact of social media influencer endorsements on student preferences for smartphone brands. This detailed understanding underscores the importance for firms to craft genuine and transparent influencer partnerships, and leveraging credible advertising practices to resonate with student discerning preferences in the competitive smartphone market. While price is one of the significant factors influencing consumer preferences, the study also recommends that manufacturers should prioritize innovation, efficient supply chains, and sustainability for competitive
{"title":"The Influence of Online Advertising on Student Preferences towards Smartphone Brands: A Case of the Students at University of Iringa","authors":"Moses Shilla, Blandina Kisawike, Theobard Kipilimba","doi":"10.56201/ijebm.v9.no8.2023.pg82.99","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg82.99","url":null,"abstract":"The purpose of the study was to assess the influence of online advertising on student preferences towards smartphone brands. Specifically, the study intended to examine the influence of social media influencer endorsements, advertisement credibility and electronic word of mouth for the students of University of Iringa. The research employed a quantitative research approach. Cross- sectional design was used to gather data and descriptive design used to analyze and summarize the results to answer the research problem. The targeted population was 5262 students from University of Iringa where a sample size of 98 was drawn out of it. Simple random sampling technique was used to select respondents who are the students of University of Iringa. Data analysis was conducted using descriptive statistics via SPSS version 20 software. The findings highlighted the significant influence of electronic word of mouth and online advertising credibility on student preferences for smartphone brands. However, social media influencer endorsements exhibited a moderate influence. Students displayed a preference for credible and transparent advertising content, valuing their purchasing experiences and relying on peer feedback through electronic word of mouth. Nevertheless, the study also revealed a level of skepticism and limited impact of social media influencer endorsements on student preferences for smartphone brands. This detailed understanding underscores the importance for firms to craft genuine and transparent influencer partnerships, and leveraging credible advertising practices to resonate with student discerning preferences in the competitive smartphone market. While price is one of the significant factors influencing consumer preferences, the study also recommends that manufacturers should prioritize innovation, efficient supply chains, and sustainability for competitive","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 20","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788649","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg88.109
Udo Edidiong Udo
The study was conducted to examine the social intelligence and social sustainability of manufacturing firms in Akwa Ibom State. Two specific objectives were developed, which metamorphosed into four research questions and four research hypotheses. A survey research design was adapted for the study. The population of the study consisted of two hundred and forty-eight (248) staff of manufacturing firms in Akwa Ibom State. The sample size was 153 staff using Taro Yamenes sampling technique. A questionnaire was used as the instrument for data collection. The hypotheses were tested using the Pearson Product Moment Correlation statistic (PPMC), which was used to test the hypotheses supported by Statistical Package for Social Science (SPSS version 23). The result shows that there is a significant relationship between situational awareness and social sustainability (r = 0.847, p 0.001) and that there is a significant relationship between social skills and social sustainability (r = 0.682, p 0.003). Based on the findings, the study concluded that there is a significant relationship between social intelligence and the social sustainability of manufacturing firms in Akwa Ibom State. Thus, the study recommended that manufacturing firms should develop situational awareness by prioritizing the well-being of their employees and implementing welfare programs that promote a healthy work-life balance. They should actively engage with the employees and the local community to understand their needs and concerns. They should develop social skills by maintaining transparent and open communication channels with their employees, customers, and stakeholders to enhance their social intelligence and contribute to social sustainability, which will improve their overall business performance.
{"title":"Social Intelligence and Social Sustainability of Manufacturing Firms in Akwa Ibom State","authors":"Udo Edidiong Udo","doi":"10.56201/ijebm.v9.no9.2023.pg88.109","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg88.109","url":null,"abstract":"The study was conducted to examine the social intelligence and social sustainability of manufacturing firms in Akwa Ibom State. Two specific objectives were developed, which metamorphosed into four research questions and four research hypotheses. A survey research design was adapted for the study. The population of the study consisted of two hundred and forty-eight (248) staff of manufacturing firms in Akwa Ibom State. The sample size was 153 staff using Taro Yamenes sampling technique. A questionnaire was used as the instrument for data collection. The hypotheses were tested using the Pearson Product Moment Correlation statistic (PPMC), which was used to test the hypotheses supported by Statistical Package for Social Science (SPSS version 23). The result shows that there is a significant relationship between situational awareness and social sustainability (r = 0.847, p 0.001) and that there is a significant relationship between social skills and social sustainability (r = 0.682, p 0.003). Based on the findings, the study concluded that there is a significant relationship between social intelligence and the social sustainability of manufacturing firms in Akwa Ibom State. Thus, the study recommended that manufacturing firms should develop situational awareness by prioritizing the well-being of their employees and implementing welfare programs that promote a healthy work-life balance. They should actively engage with the employees and the local community to understand their needs and concerns. They should develop social skills by maintaining transparent and open communication channels with their employees, customers, and stakeholders to enhance their social intelligence and contribute to social sustainability, which will improve their overall business performance.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 100","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789028","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no3.2023.pg31.40
J. Ozigbu
This paper makes an improvement to the traditional institutional quality-growth hypothesis originally documented in the North’s framework by investigating the implications of the quality of formal institutions on economic misery in Nigeria. The specific measures of institutional quality include economic freedom, liberal democracy, and the corruption perception index, while economic misery is measured using Hanke’s modified misery index. The datasets obtained from the World Bank, Heritage Foundation, Freedom House, Transparency International, and Carto Institute were analysed using descriptive statistics and the autoregressive distributed lag (ARDL) model, which was informed by the evidence of a fractionally integrated series. The findings showed that economic freedom significantly reduced economic misery in the short run. At the same time, evidence of a significant negative effect of liberal democracy on the misery index was established in both the short and long run. This suggests that deepening the democratic process has the potential to mitigate the economic misery faced by Nigerians through increased employment, a decrease in inflationary pressures and interest rates, as well as robust per capita growth. In addition, it was found that the corruption perception index contributed positively to the misery index. This indicates that the pervasive and systemic nature of corruption traps many Nigerians in miserable economic conditions. Owing to the findings, this paper recommends, among others, that policymakers should strengthen the democratic process and promote economic freedom by prioritising credible elections, entrenching the rule of law, and protecting property rights to mitigate the economic distress faced by Nigerians
{"title":"Institutional Quality and Economic Misery in Nigeria","authors":"J. Ozigbu","doi":"10.56201/ijebm.v9.no3.2023.pg31.40","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no3.2023.pg31.40","url":null,"abstract":"This paper makes an improvement to the traditional institutional quality-growth hypothesis originally documented in the North’s framework by investigating the implications of the quality of formal institutions on economic misery in Nigeria. The specific measures of institutional quality include economic freedom, liberal democracy, and the corruption perception index, while economic misery is measured using Hanke’s modified misery index. The datasets obtained from the World Bank, Heritage Foundation, Freedom House, Transparency International, and Carto Institute were analysed using descriptive statistics and the autoregressive distributed lag (ARDL) model, which was informed by the evidence of a fractionally integrated series. The findings showed that economic freedom significantly reduced economic misery in the short run. At the same time, evidence of a significant negative effect of liberal democracy on the misery index was established in both the short and long run. This suggests that deepening the democratic process has the potential to mitigate the economic misery faced by Nigerians through increased employment, a decrease in inflationary pressures and interest rates, as well as robust per capita growth. In addition, it was found that the corruption perception index contributed positively to the misery index. This indicates that the pervasive and systemic nature of corruption traps many Nigerians in miserable economic conditions. Owing to the findings, this paper recommends, among others, that policymakers should strengthen the democratic process and promote economic freedom by prioritising credible elections, entrenching the rule of law, and protecting property rights to mitigate the economic distress faced by Nigerians","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 68","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789133","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 aim of this study was to ascertain the extent of the relationship between new service concept and investor satisfaction of aviation firms in Rivers State. This study adopted causal research, involving cross sectional survey design and used structured copies of questionnaire. The population of this study comprised of eight (8) airlines registered with the Rivers State ministry of commerce and industry. 20 Copies of questionnaire was distributed to management staff in each of the airlines. The total number of respondents for the study was one hundred and sixty (160). The hypotheses were tested using Spearman Ranking Order Correlation with the aid of SPSS Version 21. The study unveiled a very strong relationship between new service concept and investor satisfaction. This study therefore concluded that increased investor satisfaction can be achieved if aviation firms in Rivers State provide new and innovative service concept.
{"title":"New Service Concept and Investor Satisfaction of Aviation Firms in Rivers State","authors":"Jaja Happiness, Nwokah Gladson, Juliet Chukwu, Evelyn Nnenwo","doi":"10.56201/ijebm.v9.no8.2023.pg47.55","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg47.55","url":null,"abstract":"The aim of this study was to ascertain the extent of the relationship between new service concept and investor satisfaction of aviation firms in Rivers State. This study adopted causal research, involving cross sectional survey design and used structured copies of questionnaire. The population of this study comprised of eight (8) airlines registered with the Rivers State ministry of commerce and industry. 20 Copies of questionnaire was distributed to management staff in each of the airlines. The total number of respondents for the study was one hundred and sixty (160). The hypotheses were tested using Spearman Ranking Order Correlation with the aid of SPSS Version 21. The study unveiled a very strong relationship between new service concept and investor satisfaction. This study therefore concluded that increased investor satisfaction can be achieved if aviation firms in Rivers State provide new and innovative service concept.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789148","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no7.2023.pg79.104
Adesanya Shina Joshua, E. Agbai
This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model
{"title":"Appraising the Relationship Between Foreign Aid on Poverty Reduction in Nigeria","authors":"Adesanya Shina Joshua, E. Agbai","doi":"10.56201/ijebm.v9.no7.2023.pg79.104","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no7.2023.pg79.104","url":null,"abstract":"This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790282","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no6.2023.pg67.78
Nwaeke O. Jackson
This study investigated the impact of domestic investment on economic growth in Nigeria from the period 1990 to 2022. The dimensions that were used to proxy the independent variable are domestic investment, total exports, interest rate and inflation while real gross domestic product was used to proxy economic growth which is the dependent variable. Data used were sourced from secondary sources which includes; World Bank development indicators for various years and the Central Bank of Nigeria annual statistical bulletin. The Statistical Software employed to analyse the data was the eviews9. The results of the Unit root test show that domestic investment, total exports, interest rate and real gross domestic variables evaluated are all stationary after first difference- I(1)- while inflation rate was stationary at level- I(0)-. The Autoregressive distributed lag was used to analyze data. The results of the Autoregressive distributed lag estimates reveal that in both the long run and short run, domestic investment, total exports, coefficients have positive impact on real gross domestic product in Nigeria and both are also statistically significant at five percent level of significance in the long-run in Nigeria. Since it was found that increase domestic investment and total exports bring about economic growth, the study therefore, recommends amongst others that appropriate trade policies in favour of export expansion should be encouraged. The federal government of Nigeria should make concerted effort towards export promotion policy by encouraging domestic investors to go into more production. In order to achieve this, there is need for the government to reduce interest rate and tax rate.
{"title":"Impact of Domestic Investment on Economic Growth in Nigeria","authors":"Nwaeke O. Jackson","doi":"10.56201/ijebm.v9.no6.2023.pg67.78","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no6.2023.pg67.78","url":null,"abstract":"This study investigated the impact of domestic investment on economic growth in Nigeria from the period 1990 to 2022. The dimensions that were used to proxy the independent variable are domestic investment, total exports, interest rate and inflation while real gross domestic product was used to proxy economic growth which is the dependent variable. Data used were sourced from secondary sources which includes; World Bank development indicators for various years and the Central Bank of Nigeria annual statistical bulletin. The Statistical Software employed to analyse the data was the eviews9. The results of the Unit root test show that domestic investment, total exports, interest rate and real gross domestic variables evaluated are all stationary after first difference- I(1)- while inflation rate was stationary at level- I(0)-. The Autoregressive distributed lag was used to analyze data. The results of the Autoregressive distributed lag estimates reveal that in both the long run and short run, domestic investment, total exports, coefficients have positive impact on real gross domestic product in Nigeria and both are also statistically significant at five percent level of significance in the long-run in Nigeria. Since it was found that increase domestic investment and total exports bring about economic growth, the study therefore, recommends amongst others that appropriate trade policies in favour of export expansion should be encouraged. The federal government of Nigeria should make concerted effort towards export promotion policy by encouraging domestic investors to go into more production. In order to achieve this, there is need for the government to reduce interest rate and tax rate.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"406 18","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847893","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg1.13
Akpodiete Oro Micheal, Ogbonda Enyinda Henry
The right to strike is an integral part of the right of workers to associate with other persons to form or join trade unions for the advancement or protection of their interests. This paper examines the basic provision of the extent to which the right to go on strike by trade unions in Nigeria is absolute under various enactments. The paper further examines and reviews the right to strike in some selected jurisdictions. The relevant constitutional provisions entrenching the fundamental right of freedom of association as well as the provisions of other national and international legal instruments which guarantee the right to strike were discussed in full detail. Furthermore, this paper examines the rationale for the ban on strikes in essential services. It also examines the conditions which workers who are not engaged in the provision of essential services must fulfill before they can embark on lawful strikes. These conditions are examined in the light of international labour standards. The paper contained different types of strikes, the steps trade unions follow before going on strike, the right to strike by the trade union, and different schools of thought as regard to trade unions in Nigeria going on strike.
{"title":"Basic Provision of the Extent to Which the Right to Go on Strike by Trade Unions in Nigeria is Absolute","authors":"Akpodiete Oro Micheal, Ogbonda Enyinda Henry","doi":"10.56201/ijebm.v9.no9.2023.pg1.13","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg1.13","url":null,"abstract":"The right to strike is an integral part of the right of workers to associate with other persons to form or join trade unions for the advancement or protection of their interests. This paper examines the basic provision of the extent to which the right to go on strike by trade unions in Nigeria is absolute under various enactments. The paper further examines and reviews the right to strike in some selected jurisdictions. The relevant constitutional provisions entrenching the fundamental right of freedom of association as well as the provisions of other national and international legal instruments which guarantee the right to strike were discussed in full detail. Furthermore, this paper examines the rationale for the ban on strikes in essential services. It also examines the conditions which workers who are not engaged in the provision of essential services must fulfill before they can embark on lawful strikes. These conditions are examined in the light of international labour standards. The paper contained different types of strikes, the steps trade unions follow before going on strike, the right to strike by the trade union, and different schools of thought as regard to trade unions in Nigeria going on strike.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"190 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139848773","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：