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Capital Market Volatility and Real Sector Expansion in Nigeria 尼日利亚资本市场波动和实体部门扩张
Pub Date : 2022-12-06 DOI: 10.53935/26415305.v5i2.245
A. Iriabije, U. Effiong, N. Inyang
This study utilized data from the first quarter of 2010 to the fourth quarter of 2021 to explore how volatility in the capital market can influence the real sector of the Nigerian economy. With the use of the generalized autoregressive conditional heteroscedasticity (GARCH) approach, we realized that there is no volatility clustering in the Nigerian market capitalization given that the estimate of lagged value of residual is negative and significant. Also, the decay of the response function on a quarterly basis being 0.3054 is quite low and is symptomatic of response functions to shock dying at a faster pace. Therefore, a new shock in the Nigerian capital market it will have impact on the market capitalization for a short period making the market less predictable. This makes the Nigerian capital market to be efficient since the market is not easily predictable. The VAR result revealed that the market capitalization put forth a positive and significant influence on economic growth; with the impulse response function indicating that economic growth responded positively to shocks in market capitalization. The paper concludes that the capital market needs be streamlined in order to avoid volatility clustering in the future, in order to maintain the efficiency of the market.
本研究利用2010年第一季度至2021年第四季度的数据,探讨资本市场的波动如何影响尼日利亚经济的实体部门。使用广义自回归条件异方差(GARCH)方法,我们意识到在残差滞后值估计为负且显著的情况下,尼日利亚市值不存在波动聚类。此外,响应函数在季度基础上的衰减为0.3054,这是相当低的,是对冲击的响应函数以更快的速度死亡的症状。因此,尼日利亚资本市场的新冲击将在短期内对市值产生影响,使市场难以预测。这使得尼日利亚的资本市场效率很高,因为市场不容易预测。VAR结果表明,市场资本化对经济增长具有显著的正向影响;用脉冲响应函数表示经济增长对市值冲击的正向响应。本文的结论是,资本市场需要精简,以避免未来的波动聚集,以保持市场的效率。
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引用次数: 0
Teachers’ Attitude and Metacognitive Awareness as Determinants of their Perceived Professional Competence in Social Studies 教师态度与元认知意识对社会研究专业能力的影响
Pub Date : 2022-11-01 DOI: 10.53935/26415305.v5i2.239
Emmanuel Edoja Achor, Alhassan A Yusufu, E. Joseph
The study was an investigation of teachers’ attitude and metacognitive awareness as determinants of their Perceived Professional Competence in Social Studies among post primary schools in Kogi, Nigeria. The study adopted correlational survey research design. The population comprised 3,957 Upper Basic Social Studies teachers from 1937 Universal Basic Education schools in Kogi East for 2019/2020 academic session with a sample of 980. The three instruments used are Social Studies Teachers’ Competency Scale (SSTCS), Social Studies Teachers’ Attitudinal Disposition (SSTAD) and Teachers’ Metacognitive Awareness Inventory (TMAI) with reliability coefficients of 0.88, 0.76 and 0.75 respectively. From the analysis it was found that teachers’ attitude towards Social Studies F(1,469) = 1.158; p = 0.000 < 0.05 and teachers’ metacognitive awareness F(1,469) = 15.638; p = 0.000 < 0.05 have significant contributions to their Perceived Professional Competence in public secondary schools. It was also found that teachers’ attitude towards Social Studies F(1,507) = 0.920; p = 0.038 < 0.05 and metacognitive awareness F(1,507) = 1.487; p = 0.023 < 0.05 had significant contributions to their Perceived Professional Competence in private secondary schools. Social Studies teachers’ metacognitive awareness and attitude towards Social Studies jointly also contributed significantly to their Perceived Professional Competence in public secondary schools F(2,468) = 8.234; p = 0.000 < 0.05 as well as in private secondary schools F(2,506) = 1.087; p = 0.038 < 0.05. It was recommended among others that the State Ministry of Education should employ only teachers that are professionally qualified and certified to teach Social Studies.
本研究调查了尼日利亚科吉市小学后教师的态度和元认知意识作为他们感知的社会研究专业能力的决定因素。本研究采用相关调查研究设计。在2019/2020学年期间,人口包括来自科吉东部1937所普及基础教育学校的3957名高级基础社会研究教师,样本为980人。使用的三种工具分别是社会学教师胜任力量表(SSTCS)、社会学教师态度倾向量表(SSTAD)和教师元认知意识量表(TMAI),信度系数分别为0.88、0.76和0.75。分析发现,教师对社会学科的态度F(1469) = 1.158;p = 0.000 < 0.05,教师元认知意识F(1469) = 15.638;p = 0.000 < 0.05对公立中学专业能力感知有显著贡献。同时发现,教师对社会学科的态度F(1,507) = 0.920;p = 0.038 < 0.05,元认知意识F(1,507) = 1.487;p = 0.023 < 0.05对民办中学专业能力感知有显著贡献。公立中学社会学科教师的元认知意识和对社会学科的态度对其感知的专业能力也有显著的影响F(2,468) = 8.234;p = 0.000 < 0.05,私立中学F(2506) = 1.087;P = 0.038 < 0.05。除其他外,有人建议国家教育部只雇用具有专业资格和经过认证的教师来教授社会研究。
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引用次数: 0
Employment Dynamics and Job Loss among Households in Nigeria: Pre COVID-19 and COVID-19 Periods 尼日利亚家庭就业动态和失业情况:2019冠状病毒病前和2019冠状病毒病期间
Pub Date : 2022-09-29 DOI: 10.53935/26415305.v5i2.233
Yetunde OM Oladokun, O. O. Alawode
This paper examined employment dynamics and job loss among households in Nigeria at pre Covid-19 and Covid-19 Periods. The Nigeria Covid-19 National Longitudinal Phone Survey (NLPS) was the secondary data used. And analysed using frequency counts, cross tabs and bar charts. At pre Covid-19 period, most households (27.2%) were employed in commerce sector, agricultural sector (23.8%), and personal services, education & health (22.3%). However, during Covid-19 period, almost half (48.7%) of the households, were engaged in agriculture sector and commerce sector (18.3%). During Covid-19, 35.3% of jobs were lost by Nigerian households. Agriculture engaged 200 households at pre Covid-19 period, and rose to 413 during Covid-19, leading to +51.6% change, implying its capability to absorb sudden shocks in households’ employment. Policies to enhance greater participation of households within agriculture sector will help to reduce shock. Federal Government of Nigeria should effectively execute Nigerian Economic Sustainability Plan to achieve employment generation.
本文研究了尼日利亚在2019冠状病毒病前和2019冠状病毒病期间的就业动态和家庭失业情况。尼日利亚Covid-19全国纵向电话调查(NLPS)是使用的次要数据。并使用频率计数、交叉标签和条形图进行分析。在2019冠状病毒病前,大多数家庭(27.2%)就业于商业部门、农业部门(23.8%)以及个人服务、教育和卫生部门(22.3%)。然而,在2019冠状病毒病期间,几乎一半(48.7%)的家庭从事农业部门和商业部门(18.3%)。在2019冠状病毒病期间,尼日利亚家庭失去了35.3%的工作。在2019冠状病毒病前,农业从事家庭数为200户,在2019冠状病毒病期间增至413户,增幅达51.6%,表明农业有能力吸收家庭就业方面的突然冲击。促进家庭更多参与农业部门的政策将有助于减少冲击。尼日利亚联邦政府应有效执行尼日利亚经济可持续发展计划,以创造就业机会。
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引用次数: 0
The Cross-Cultural Academic Adaptation of Chinese Students in an American University: Academic Challenges, Influential Factors and Coping Strategies 在美中国留学生的跨文化学业适应:学业挑战、影响因素及应对策略
Pub Date : 2022-09-16 DOI: 10.53935/26415305.v5i1.231
Dianjian Wang
Most of the studies on international students’ cross-cultural adaptation focused on their sociocultural and psychological adaptation, few studies have specifically addressed international students’ experiences with academic adaptation. This study examines the academic challenges, influential factors and coping strategies of the Chinese students on an American university campus. The research was based on the responses of 122 Chinese students to a cross-cultural academic adaptation questionnaire and interviews with 14 Chinese students at the same American university. The results show that the main academic challenges that Chinese students had were English language proficiency, American university classroom culture and policies, different learning strategies and ways of thinking, and academic writing. Both male students and female students had difficulties in cross-cultural academic adaptation, with no statistical significant gender difference in cross-cultural academic adaptation; graduate students outperformed undergraduates in cross-cultural academic adaptation; length of stay in U.S was positively correlated with Chinese students’ cross-cultural adaptation. Specific coping strategies were also identified.
国际学生跨文化适应的研究多集中在社会文化和心理适应方面,专门研究国际学生学业适应经历的研究较少。本研究考察了中国学生在美国大学校园所面临的学业挑战、影响因素及应对策略。该研究基于122名中国学生对跨文化学术适应问卷的回答以及对同一所美国大学的14名中国学生的访谈。结果表明,中国学生面临的主要学术挑战是英语语言能力、美国大学课堂文化和政策、不同的学习策略和思维方式以及学术写作。男女生在跨文化学术适应方面均存在困难,跨文化学术适应的性别差异无统计学意义;研究生在跨文化学术适应方面优于本科生;在美停留时间与中国学生的跨文化适应呈正相关。还确定了具体的应对策略。
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引用次数: 1
Impact of Treasury Bill on Private Sector Credit in Nigeria 财政部法案对尼日利亚私营部门信贷的影响
Pub Date : 2022-08-30 DOI: 10.53935/26415305.v5i1.229
Ofonime Moses Akpan, U. Effiong, I. Ukere
In this study, the effect of treasury bills on private sector credit in Nigeria using annual data from 1981 to 2018 was examined. The specific objectives of the study were to examine the impact of treasury bills and treasury bill rate on private credit. Treasury bills was disaggregated into its various components and used as explanatory variables along with other essential macroeconomic variables. The study was conducted in the light of the crowding out effect hypothesis. The behavior of variables was captured in an autoregressive distributed lag (ARDL) model. The result of the estimated model shows that treasury bills held by commercial banks, treasury bills held by the public and treasury bill rate has significant negative effect on credit to private sector, showing that treasury bills have a crowding out effect on private sector credit. It is recommended that treasury bill rate should be set to align with other rate of return on short term financial asset in the financial system to allow for fair competition between public sector and private sector debt instrument and thus limit the crowding out effect and that the issuing of treasury bills should be justified with the existence of excess liquidity in the financial system.
在本研究中,使用1981年至2018年的年度数据,研究了国库券对尼日利亚私营部门信贷的影响。研究的具体目的是考察国库券和国库券利率对私人信贷的影响。国库券被分解成不同的组成部分,并与其他重要的宏观经济变量一起用作解释变量。这项研究是根据挤出效应假说进行的。变量的行为在自回归分布滞后(ARDL)模型中被捕获。估计模型的结果表明,商业银行持有的国库券、公众持有的国库券和国库券利率对私营部门信贷存在显著的负向影响,表明国库券对私营部门信贷存在挤出效应。建议国库券利率应设定为与金融体系中其他短期金融资产的回报率一致,以允许公共部门和私营部门债务工具之间的公平竞争,从而限制挤出效应,并建议国库券的发行应与金融体系中存在的过剩流动性相一致。
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引用次数: 1
Commentary: Shooting on an Arrow, and the Downplay of Regulatory Economics 评论:箭上之射,以及对监管经济学的轻视
Pub Date : 2022-08-02 DOI: 10.53935/26415305.v5i1.226
Todd J. Barry
This brief review discussion raises additional regulatory ideas to those offered by 2017 Nobel Prize winning economist Richard Thaler, and philosophically and pragmatically argues that his winning of the award was more political than economic, especially in terms of the legislation offered that followed. The article then uses work from other economists, such as Coase, and Friedman, and Arrow, to theorize that in total there are at least four different categories of regulation currently identified. And, humans have yet to invent or recognize all possible avenues for using “libertarian paternalism,” Thaler’s neologism for social regulation. The article offers a number of real world, contemporary examples falling under such a philosophical umbrella, while discussing their possible benefits and short-comings. The paper overall argues that human society on the whole has been slow to create more solutions for unwanted or incentivized economic behavior, in the application of such philosophical theories to policies by regulators.
这一简短的回顾讨论提出了2017年诺贝尔经济学奖得主理查德·塞勒(Richard Thaler)提出的其他监管理念,并从哲学和实用主义的角度认为,他的获奖更多是政治性的,而不是经济性的,尤其是在随后提出的立法方面。然后,这篇文章引用了其他经济学家的研究成果,如科斯、弗里德曼和阿罗,从理论上推断,目前至少有四种不同的监管类别。而且,人类还没有发明或认识到使用“自由意志家长制”的所有可能途径,这是塞勒对社会监管的新词。这篇文章提供了一些现实世界的当代例子,这些例子都属于这种哲学的保护伞,同时讨论了它们可能的好处和缺点。这篇论文总体上认为,在监管机构将这种哲学理论应用于政策时,人类社会在为不受欢迎或受激励的经济行为创造更多解决方案方面总体上进展缓慢。
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引用次数: 0
Impact of Metacognitive Awareness on Basic Eight Students’ Performance in Social Studies 元认知意识对基础八年级学生社会学习成绩的影响
Pub Date : 2022-07-06 DOI: 10.53935/26415305.v5i1.212
S. Z. Achor, L. I. Zaria, Emmanuel Edoja Achor
The study investigated the impact of metacognitive awareness on Basic Eight students’ performance in Social Studies in Area of Kogi State, Nigeria. Three research questions and three hypotheses were addressed in the study. The study adopted correlational survey research design. The population consisted of 3,957 Upper Basic Eight students that offer Social Studies (male=2,500, females= 1,457) from 150 co-educational secondary schools. A sample size of 250 Basic Eight Social Studies students was used for the study. Two instruments: Social Studies Performance Test (SOSPT) and Students Metacognitive Awareness Inventory (SMAI) aided data collection. The coefficient of reliability for SOSPT was 0.87, and that of SMAI was 0.73. The data collected were analyzed using regression analysis to answer the research questions and to test the null hypotheses at 0.05 level of significance. It was found among others that there was significant impact of metacognitive awareness on Basic Eight students’ mean performance scores in Social Studies. There was significant impact of metacognitive awareness on Basic Eight male and also female students’ mean performance scores in Social Studies. The study recommends among others that School authorities and administrators should make provision for activities that stimulate and expose students to metacognitive awareness which could improve their performance in content taught in Social Studies. Curriculum planners should include metacognitive strategies in the Social Studies curriculum to direct teachers on how to use it to improve students' performance. Besides school administrators and curriculum planners, this study has implications for the Social Studies teachers and the learners.
本研究调查了元认知意识对尼日利亚科吉州地区基础八年级学生社会研究成绩的影响。本研究提出了三个研究问题和三个假设。本研究采用相关调查研究设计。调查对象包括来自150所男女同校中学的3957名上基础八年级学生(男性2500人,女性1457人)。本研究使用了250名基础八年级社会专业学生作为样本。两种工具:社会研究表现测试(SOSPT)和学生元认知意识量表(SMAI)辅助数据收集。SOSPT的信度系数为0.87,SMAI的信度系数为0.73。对收集到的数据进行回归分析,以回答研究问题,并在0.05的显著性水平上检验原假设。研究发现,元认知意识对基础八年级学生的社会学科平均成绩有显著影响。元认知意识对基础八年级男女学生的社会学科平均成绩均有显著影响。该研究建议,学校当局和管理人员应该提供一些活动,刺激和暴露学生的元认知意识,这可以提高他们在社会研究内容中的表现。课程规划者应该在社会研究课程中加入元认知策略,指导教师如何使用元认知策略来提高学生的表现。除了学校管理者和课程规划者外,本研究对社会研究教师和学习者也有启示意义。
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引用次数: 0
COVID-19: It’s Impact on Job Security and Employees Attrition of Selected Aviation Companies in Lagos State 2019冠状病毒病:对拉各斯州选定航空公司工作保障和员工流失的影响
Pub Date : 2022-06-30 DOI: 10.53935/26415305.v5i1.209
Lateef A. Adio
The global widespread of Covid-19 disease has led to an unparalleled unemployment disaster cum employees’ market surprises and it is anticipated to bring in distinct systemic substitute and prolonged problems for global works. This study tries to investigate the impact of Covid-19 on job security and employees’ attrition of selected aviation companies in Lagos State. A cross-sectional design and simple random sampling technique were employed. A questionnaire was employed as the research instrument for the study with 269 respondents adjudged usable. Multiple regression and correlation analyses were employed to determine the hypotheses of the study. The hypotheses result showed that job security (r = 0.450, p < 0.05), employees’ attrition (r = 0.275, p < 0.05) and lay off and unemployment (F = 33.237; p =0.000) were significantly impacted by Covid-19. The study recommends that National governments and various bodies such as World Health Organizations (WHO) to introduce policies and guidelines that will cushion the impacts of Covid-19 on employees’ job security,’ attrition and lay off and unemployment in terms of taxes reductions, improved safety measures, contingencies approaches, reductions of levies on licenses, public awareness, relaxation of aviation laws in terms pilots renewal licenses, reduction of airline fuel price, reduction of parking lots of the aircrafts, supporting the airlines with funds and adequate incentives would curb employees attrition, job security and employment and would allow the aviation sector to rise again as in the past before the final solution to eradicate the pandemic.
新冠肺炎疫情在全球蔓延,造成了前所未有的失业灾难和员工的市场意外,预计将给全球工作带来明显的系统性替代和长期问题。本研究试图调查Covid-19对拉各斯州选定航空公司的工作保障和员工流失的影响。采用横断面设计和简单随机抽样技术。本研究采用问卷作为研究工具,共有269名受访者被认为是可用的。采用多元回归和相关分析来确定研究的假设。假设结果显示:工作保障(r = 0.450, p < 0.05)、员工流失率(r = 0.275, p < 0.05)、下岗失业(F = 33.237;p =0.000)受到Covid-19的显著影响。该研究建议各国政府和世界卫生组织(世卫组织)等各种机构出台政策和指导方针,以缓解Covid-19对员工工作保障、减员、裁员和失业的影响,包括减税、改善安全措施、应急措施、降低执照税、公众意识、放宽航空法(飞行员更新执照)、降低航空燃料价格、减少飞机的停机位,为航空公司提供资金和适当的奖励,将遏制员工流失、工作保障和就业,并将使航空业像过去一样再次崛起,直到最终解决这一流行病的问题。
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引用次数: 0
Analyzing the Effects of CLIL Method in Teaching Business English Writing in China CLIL教学法在中国商务英语写作教学中的效果分析
Pub Date : 2021-11-01 DOI: 10.53935/2641-5305.v4i1.61
He Rong, S. Nair
The use of CLIL (Content and Language Integrated Learning) teaching method in English writing proved to be efficient in enhancing students’ language and content knowledge. This study aims to explore the effects of utilizing CLIL method in teaching Business English Writing among Chinese college students. A quasi-experimental design was adopted. The experiment lasted for a total of eight weeks. The Experimental Group was taught Business English Writing using CLIL method while the Control Group was instructed with the conventional method. The sample of the study consists of 80 third year Business English college students from Shaoyang University in Hunan Province, China. Two classes of students were chosen as intact group sampling (40 students in each group). A pre-test and post-test were used as instruments. The data was analyzed using Independent samples t-test. Prior to the actual study a pilot test was carried out to obtain the reliability and validity of the instrument (writing test). The findings from quantitative data showed that students of the Experimental Group using CLIL teaching method performed significantly higher in their overall Business English Writing, report writing, memo writing, letter writing than students in the Control Group using conventional method. Therefore, it can be concluded that the CLIL principle should be employed as an alternative method in future writing classes. These findings have significant pedagogical implications because the CLIL method facilitated students to improve in their Business English writing skills.
在英语写作教学中运用CLIL (Content and Language Integrated Learning)教学方法,对提高学生的语言知识和内容知识是有效的。本研究旨在探讨CLIL教学法在中国大学生商务英语写作教学中的效果。采用准实验设计。实验共进行了8周。实验组采用CLIL教学法进行商务英语写作教学,对照组采用常规教学法进行商务英语写作教学。本研究的样本包括80名来自中国湖南省邵阳大学商务英语专业三年级的学生。选取两班学生作为完整组抽样(每组40人)。采用前测和后测作为仪器。数据分析采用独立样本t检验。在实际研究之前,进行了一次试点测试,以获得该工具的信度和效度(写作测试)。定量数据显示,采用CLIL教学法的实验组学生在商务英语写作、报告写作、备忘录写作、信函写作等方面的总体成绩显著高于采用传统教学法的对照组学生。因此,可以得出结论,CLIL原则应该作为未来写作课的一种替代方法。这些发现具有重要的教学意义,因为CLIL方法促进了学生商务英语写作技能的提高。
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引用次数: 1
The Impact of Marital Status on Work Hours: A Quantitative Study of European Labor Market from Gender Perspective 婚姻状况对工作时间的影响:基于性别视角的欧洲劳动力市场定量研究
Pub Date : 2021-08-30 DOI: 10.53935/2641-5305.v4i1.49
A. Nandi
This article examines the effects of marital status to the gender gap in employment hours. This article uses linear regression analysis with data from the European Social Survey Round 8. Stata/SE 16 is used to analyze the data collected from 18 European countries to explore the research questions. Previous literatures identify some determinants of work hours such as demographic characteristics, the division of household labor, job characteristics, and country-level determinants (e.g., welfare state, work-hour regulations, family policies, part-time labor force participation etc.), but there are few studies on marital status as determinant of work hours. This article finds that there is an interaction among marital status and work hours to the different levels of gender. This article shows that there is a gender inequality in the European labor market, where men’s work hours are more than women’s work hours. Unmarried women work less hours than any other studied categories of marital status (e.g., married, divorced).
本文考察了婚姻状况对就业时间性别差异的影响。本文使用线性回归分析与数据从欧洲社会调查第8轮。Stata/SE 16用于分析从18个欧洲国家收集的数据,以探索研究问题。先前的文献发现了一些工作时间的决定因素,如人口特征、家庭劳动分工、工作特征和国家层面的决定因素(如福利国家、工作时间法规、家庭政策、兼职劳动力参与等),但很少有研究将婚姻状况作为工作时间的决定因素。研究发现,婚姻状况与工作时间在不同性别层面上存在交互作用。这篇文章表明,欧洲劳动力市场存在性别不平等,男性的工作时间超过女性的工作时间。未婚女性的工作时间比任何其他被研究的婚姻状况类别(如已婚、离婚)都要少。
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引用次数: 0
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Journal of progressive research in social sciences
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