Government expenditure on defence and internal security has been on the increase in the last few decades making it vital to look at its effect on the growth and development of the economy. The study examined the Government expenditure on defence and internal security a prerequisite for achieving sustainable economic growth and development in Nigeria. The study used time series data, from 1994 2020. The issue of security has become a serious threat to sustainable development in any economy and it has become a great concern in view of its escalating trend. The objective of the study is to determine the effect of government expenditure on defence and internal security on economic growth and development in Nigeria. The data employed were sourced from Central Bank of Nigeria publications and World Bank World Development Indicators WDI . The study was anchored on progressive theory of public expenditure. The dependent variables for the study are economic growth proxy by real gross domestic product RGDP and economic development proxy by Human development index HDI while the independent variables are recurrent government expenditure on defence and internal security. The data were analyzed using Vector Autoregressive Estimates VAR to ascertain the effect of government recurrent expenditure on defence and internal security on economic growth and development at 0.05 level of significance. The findings revealed that the impact of government recurrent expenditure on defence and internal security on RGDP and HDI is insignificant within the period under review. Therefore, the study recommends that government should invest more on defence and security and also design a device to ensure all the expenditures on Security and defence are considered guardedly as to consolidate on the gains realized so far. Okeke Ijeoma Chinwe | Chukwu, Kenechukwu Origin | Ogbonnaya-Udo, Nneka "Government Expenditure on Defence and Internal Security: A Prerequisite for Achieving Sustainable Economic Growth and Development. 1994-2020" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47552.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47552/government-expenditure-on-defence-and-internal-security-a-prerequisite-for-achieving-sustainable-economic-growth-and-development-19942020/okeke-ijeoma-chinwe
Fund Mobilization and Sustainable Economic Growth the Nigerian's Experienceijtsrd
This study examined the extent of relationship that exists between fund mobilization and economic growth in Nigeria from 1990 to 2019 using secondary data obtained from published works and CBN Statistical Bulletin. Bank Deposit BDEP , Gross Domestic Savings GDS and Gross Domestic Investments GDI were used to proxy fund mobilization, while Gross Domestic Product GDP , Per Capital Income PCI and Employment Rate EMR were also used to proxy Economic growth. The formulated hypotheses were regressed using Ordinary Least Square method. The result revealed that fund mobilization has significant relationship on GDP, but insignificant relationship on PCI and EMR. That means that fund mobilization increased the National Wealth GDP , without having any significant increase on people's standard of living PCI and EMR . Based on that result, attainment of a sustainable economic growth is a mere dream. The study advocates for citizenship advancement policy that will create more jobs which will enhance the standard of living of the populace. Again public goods and Education investment programs that can give the citizens equal opportunity to self development can serve as a bailout. Amakor, Ifeoma Chinelo | Eneh, Onyinye Maria-Regina "Fund Mobilization and Sustainable Economic Growth; the Nigerian's Experience" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47568.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47568/fund-mobilization-and-sustainable-economic-growth-the-nigerian's-experience/amakor-ifeoma-chinelo
1. The document analyzes the relationship between domestic savings, investment, and economic growth in Nigeria from 1970-2015.
2. It finds that domestic savings, investment, and GDP growth were low over the period studied, with fluctuating trends.
3. The study employs various econometric techniques including unit root tests, cointegration tests, vector error correction models, and Granger causality tests.
4. The results show domestic investment has a positive and significant long-run impact on economic growth in Nigeria. There is also bidirectional short-run causality between domestic investment and economic growth.
Factors Affecting the Investment Climate and the Role of Investments in Econo...ijtsrd
This article analyzes the factors affecting the investment climate on the example of the Uzbekistan’s economy. The article also discusses the economy of Uzbekistan and the investments attracted to it. Based on the analysis, proposals have been developed to increase the volume of investments in the Uzbekistan’s economy. Avazov Nuriddin Rustam Ugli | Begalova Durdona Baxodirovna "Factors Affecting the Investment Climate and the Role of Investments in Economic Development (In the Case of Uzbekistan)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38559.pdf Paper Url: https://www.ijtsrd.com/economics/development-economics/38559/factors-affecting-the-investment-climate-and-the-role-of-investments-in-economic-development-in-the-case-of-uzbekistan/avazov-nuriddin-rustam-ugli
This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 to 2018. Specifically, the study seeks to analyze the effect of domestic debt (proxy by Federal Government Bonds-FGB) and external debt (proxy by International Monetary Fund Loan-IMFL) on Nigerian’s Gross Domestic Product (GDP). To achieve this objective, secondary data was collected from the Central Bank of Nigeria Statistical bulleting and the Debt Management Office of Nigeria. A multiple regression model involving the dependent variable (GDP) and the independent variables (FGB and IMFL) was formulated and subjected to econometric analysis. These variables were adjusted with the Jarque-bera test of normality while the correlation result was used to check the possibility of multi-collinearity among the variables. The t-test was used to answer the research questions and test the formulated hypotheses at the 5percent statistical level. Results from the analysis show that a positive relationship exists between IMF Loan and Nigeria’s gross domestic product, while a negative relationship exists between FG Bonds and Nigeria’s gross domestic product, which violates the Keynesian theory of public debt. The study concludes that both domestic and external debt significantly affect economic growth in Nigeria. Therefore, it was recommended that public borrowing should be efficiently used and contracted solely for economic reasons and not for social or political reasons as this will help to avoid accumulation of debt stock over time.
Domestic investment, capital formation and population growth in nigeriaAlexander Decker
This document discusses domestic investment, capital formation, and population growth in Nigeria. It analyzes how investment rates in Nigeria have fluctuated and not translated into increased capital formation or economic growth. Secondary data on investment, capital expenditure, bank credit, and GDP growth is examined from the Central Bank of Nigeria and World Economic Information database. Regression models confirm that while growth exists in Nigeria, it has been insignificant. The results also show a negative relationship between population growth rates and capital formation. The paper aims to investigate the relationships between investment, capital formation, and population growth indicators to measure Nigeria's actual economic growth. It seeks to provide recommendations on how to increase and sustain capital formation to raise incomes and reduce poverty.
Effectiveness of Aggregate Determinants of Deficit Financing on Capital Forma...YogeshIJTSRD
In Nigeria, despite the huge expansion of public expenditure based on the budget deficit status over the years, the expected level of economic growth as a result capital formation has not been achieved and it is against this backdrop, that this study investigated the effectiveness of aggregate deficit financing on capital formation in Nigeria for the period 1981 2019 with the help of the ARDL model of estimation. Based on the issues covered in the literature review, empirical investigations were carried out on the effect of deficit financing on capital formation in Nigeria. Results showed that External Debt Stock LNEXDBT had a positive relationship with GCF GDP in the current year, 1st and 2nd lags but statistically insignificant in the long run, Domestic Debt Stock LNDMDBT had a negative relationship with GCF GDP in the current year, 1st and 2ndyear lags and long run, Aggregate Gross Savings LNADBTS had a positive significant relationship with GCF GDP in the current year and in the long run, Aggregate Debt Service LNADBTS had a positive relationship with GCF GDP in the current year and in the long run while Total external reserves had a negative relationship with GCF GDP in the current year and in the long run. Based on the findings, the study recommended that the Government should demonstrate a high sense of transparency in its monetary and fiscal operations to curb high prevalence of external and domestic borrowing, improved gross savings to reduce the incidence of inflation which will translate to economic prosperity. Justin. C. Alugbuo | Emeka Eze "Effectiveness of Aggregate Determinants of Deficit Financing on Capital Formation in Nigeria: An Approach Based on the ARDL Model" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3 , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd39820.pdf Paper URL: https://www.ijtsrd.com/economics/market-economy/39820/effectiveness-of-aggregate-determinants-of-deficit-financing-on-capital-formation-in-nigeria-an-approach-based-on-the-ardl-model/justin-c-alugbuo
External Financing and Economic Growth in Nigeria 1986 2017ijtsrd
External financing has become a veritable resort to remedying the common problems of low productivity, low productivity, low savings and high dependent on consumption from exports in most less developed economies. The use of external finance is believed to have the capacity to close wide gap between domestic savings and investment and provide the complementary funds to facilitate economic activities necessary for growth in Nigeria. This study aimed to investigate the effect of external financing on economic growth in Nigeria between 1986 and 2017. External financing was captured using five variables of external debt stock EDS , foreign direct investment FDI , official development assistance ODA , remittance RMT and foreign portfolio investment FPI , as the independent variables, regressed on economic growth represented by annual growth rate of gross domestic product GDPR as the dependent variable. Data for these variables were obtained from World Development Indicator, and analyzed based on the Autoregressive Distributive Lag ARDL approach. The findings revealed that, in the long run, EDS and FDI had a negative and a positive, significant effects, respectively, while others had no effect on growth in the short run, all the external financing variables EDS, FDI, FPI, ODA, and RMT had no significant effect on economic growth in Nigeria. The study averred that FDI is a veritable source of financing that can bring about economic sustainability to Nigeria. The study recommended, among others, that government should deploy external debts for regenerative projects that will eventually liquidate themselves in the long run. Ekwunife, Ifeanyi Jude | Dr. J. J. E. Ikeora "External Financing and Economic Growth in Nigeria: 1986-2017" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29388.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/29388/external-financing-and-economic-growth-in-nigeria-1986-2017/ekwunife-ifeanyi-jude
This document summarizes a study that analyzes the relationship between domestic savings and economic growth in Nigeria from 1970 to 2006. It finds that while domestic savings as a percentage of GDP has generally been higher than investment, economic growth has remained low. It concludes that the main problem is not mobilizing savings, but rather the intermediation between savings and investment. It recommends that the government adopt policies to improve intermediation in the economy in order to enhance the link between savings and growth.
Fund Mobilization and Sustainable Economic Growth the Nigerian's Experienceijtsrd
This study examined the extent of relationship that exists between fund mobilization and economic growth in Nigeria from 1990 to 2019 using secondary data obtained from published works and CBN Statistical Bulletin. Bank Deposit BDEP , Gross Domestic Savings GDS and Gross Domestic Investments GDI were used to proxy fund mobilization, while Gross Domestic Product GDP , Per Capital Income PCI and Employment Rate EMR were also used to proxy Economic growth. The formulated hypotheses were regressed using Ordinary Least Square method. The result revealed that fund mobilization has significant relationship on GDP, but insignificant relationship on PCI and EMR. That means that fund mobilization increased the National Wealth GDP , without having any significant increase on people's standard of living PCI and EMR . Based on that result, attainment of a sustainable economic growth is a mere dream. The study advocates for citizenship advancement policy that will create more jobs which will enhance the standard of living of the populace. Again public goods and Education investment programs that can give the citizens equal opportunity to self development can serve as a bailout. Amakor, Ifeoma Chinelo | Eneh, Onyinye Maria-Regina "Fund Mobilization and Sustainable Economic Growth; the Nigerian's Experience" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47568.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47568/fund-mobilization-and-sustainable-economic-growth-the-nigerian's-experience/amakor-ifeoma-chinelo
1. The document analyzes the relationship between domestic savings, investment, and economic growth in Nigeria from 1970-2015.
2. It finds that domestic savings, investment, and GDP growth were low over the period studied, with fluctuating trends.
3. The study employs various econometric techniques including unit root tests, cointegration tests, vector error correction models, and Granger causality tests.
4. The results show domestic investment has a positive and significant long-run impact on economic growth in Nigeria. There is also bidirectional short-run causality between domestic investment and economic growth.
Factors Affecting the Investment Climate and the Role of Investments in Econo...ijtsrd
This article analyzes the factors affecting the investment climate on the example of the Uzbekistan’s economy. The article also discusses the economy of Uzbekistan and the investments attracted to it. Based on the analysis, proposals have been developed to increase the volume of investments in the Uzbekistan’s economy. Avazov Nuriddin Rustam Ugli | Begalova Durdona Baxodirovna "Factors Affecting the Investment Climate and the Role of Investments in Economic Development (In the Case of Uzbekistan)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-2 , February 2021, URL: https://www.ijtsrd.com/papers/ijtsrd38559.pdf Paper Url: https://www.ijtsrd.com/economics/development-economics/38559/factors-affecting-the-investment-climate-and-the-role-of-investments-in-economic-development-in-the-case-of-uzbekistan/avazov-nuriddin-rustam-ugli
This study seeks to evaluate the impact of public borrowing on economic growth in Nigeria using time series data from 1980 to 2018. Specifically, the study seeks to analyze the effect of domestic debt (proxy by Federal Government Bonds-FGB) and external debt (proxy by International Monetary Fund Loan-IMFL) on Nigerian’s Gross Domestic Product (GDP). To achieve this objective, secondary data was collected from the Central Bank of Nigeria Statistical bulleting and the Debt Management Office of Nigeria. A multiple regression model involving the dependent variable (GDP) and the independent variables (FGB and IMFL) was formulated and subjected to econometric analysis. These variables were adjusted with the Jarque-bera test of normality while the correlation result was used to check the possibility of multi-collinearity among the variables. The t-test was used to answer the research questions and test the formulated hypotheses at the 5percent statistical level. Results from the analysis show that a positive relationship exists between IMF Loan and Nigeria’s gross domestic product, while a negative relationship exists between FG Bonds and Nigeria’s gross domestic product, which violates the Keynesian theory of public debt. The study concludes that both domestic and external debt significantly affect economic growth in Nigeria. Therefore, it was recommended that public borrowing should be efficiently used and contracted solely for economic reasons and not for social or political reasons as this will help to avoid accumulation of debt stock over time.
Domestic investment, capital formation and population growth in nigeriaAlexander Decker
This document discusses domestic investment, capital formation, and population growth in Nigeria. It analyzes how investment rates in Nigeria have fluctuated and not translated into increased capital formation or economic growth. Secondary data on investment, capital expenditure, bank credit, and GDP growth is examined from the Central Bank of Nigeria and World Economic Information database. Regression models confirm that while growth exists in Nigeria, it has been insignificant. The results also show a negative relationship between population growth rates and capital formation. The paper aims to investigate the relationships between investment, capital formation, and population growth indicators to measure Nigeria's actual economic growth. It seeks to provide recommendations on how to increase and sustain capital formation to raise incomes and reduce poverty.
Effectiveness of Aggregate Determinants of Deficit Financing on Capital Forma...YogeshIJTSRD
In Nigeria, despite the huge expansion of public expenditure based on the budget deficit status over the years, the expected level of economic growth as a result capital formation has not been achieved and it is against this backdrop, that this study investigated the effectiveness of aggregate deficit financing on capital formation in Nigeria for the period 1981 2019 with the help of the ARDL model of estimation. Based on the issues covered in the literature review, empirical investigations were carried out on the effect of deficit financing on capital formation in Nigeria. Results showed that External Debt Stock LNEXDBT had a positive relationship with GCF GDP in the current year, 1st and 2nd lags but statistically insignificant in the long run, Domestic Debt Stock LNDMDBT had a negative relationship with GCF GDP in the current year, 1st and 2ndyear lags and long run, Aggregate Gross Savings LNADBTS had a positive significant relationship with GCF GDP in the current year and in the long run, Aggregate Debt Service LNADBTS had a positive relationship with GCF GDP in the current year and in the long run while Total external reserves had a negative relationship with GCF GDP in the current year and in the long run. Based on the findings, the study recommended that the Government should demonstrate a high sense of transparency in its monetary and fiscal operations to curb high prevalence of external and domestic borrowing, improved gross savings to reduce the incidence of inflation which will translate to economic prosperity. Justin. C. Alugbuo | Emeka Eze "Effectiveness of Aggregate Determinants of Deficit Financing on Capital Formation in Nigeria: An Approach Based on the ARDL Model" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3 , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd39820.pdf Paper URL: https://www.ijtsrd.com/economics/market-economy/39820/effectiveness-of-aggregate-determinants-of-deficit-financing-on-capital-formation-in-nigeria-an-approach-based-on-the-ardl-model/justin-c-alugbuo
External Financing and Economic Growth in Nigeria 1986 2017ijtsrd
External financing has become a veritable resort to remedying the common problems of low productivity, low productivity, low savings and high dependent on consumption from exports in most less developed economies. The use of external finance is believed to have the capacity to close wide gap between domestic savings and investment and provide the complementary funds to facilitate economic activities necessary for growth in Nigeria. This study aimed to investigate the effect of external financing on economic growth in Nigeria between 1986 and 2017. External financing was captured using five variables of external debt stock EDS , foreign direct investment FDI , official development assistance ODA , remittance RMT and foreign portfolio investment FPI , as the independent variables, regressed on economic growth represented by annual growth rate of gross domestic product GDPR as the dependent variable. Data for these variables were obtained from World Development Indicator, and analyzed based on the Autoregressive Distributive Lag ARDL approach. The findings revealed that, in the long run, EDS and FDI had a negative and a positive, significant effects, respectively, while others had no effect on growth in the short run, all the external financing variables EDS, FDI, FPI, ODA, and RMT had no significant effect on economic growth in Nigeria. The study averred that FDI is a veritable source of financing that can bring about economic sustainability to Nigeria. The study recommended, among others, that government should deploy external debts for regenerative projects that will eventually liquidate themselves in the long run. Ekwunife, Ifeanyi Jude | Dr. J. J. E. Ikeora "External Financing and Economic Growth in Nigeria: 1986-2017" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29388.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/29388/external-financing-and-economic-growth-in-nigeria-1986-2017/ekwunife-ifeanyi-jude
This document summarizes a study that analyzes the relationship between domestic savings and economic growth in Nigeria from 1970 to 2006. It finds that while domestic savings as a percentage of GDP has generally been higher than investment, economic growth has remained low. It concludes that the main problem is not mobilizing savings, but rather the intermediation between savings and investment. It recommends that the government adopt policies to improve intermediation in the economy in order to enhance the link between savings and growth.
Foreign Investment and Its Effect on the Economic Growth in Nigeria: A Triang...iosrjce
Evidence abound about the registered increase in foreign investment inflows in recent years. While
proponents emphasize that these inflows could engender economic growth, critics express concern that there
could be destabilizing effect on the economy if not well managed. This study therefore, attempts to examine the
effect of foreign investments (disaggregated into foreign direct investment and foreign portfolio investment)
inflows on economic growth in Nigeria with a view to ascertaining the better contributor, using time series data
from 1987-2012. The OLS and the Granger causality procedures were employed in analyzing the data. The
result displays that both foreign direct investment and foreign portfolio investment have positive and significant
effect on economic growth though the partial correlation coefficients show that foreign portfolio investment is
the better contributor. Based on the result, government should pursue policies that encourage both foreign
direct investment and especially foreign portfolio investment.
11.external reserves management and economic development in nigeria (1980www....Alexander Decker
This document summarizes a study that examined the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's external reserves be managed prudently to ensure adequate reserves are available to control risks and generate reasonable returns over the medium to long term. The document provides context on external reserves and their importance for economic stability in Nigeria.
2.[10 18]influencing organisational behaviour through the application of lear...Alexander Decker
This document summarizes a study that examined the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's external reserves be managed prudently to ensure adequate reserves are available to control risks and generate reasonable returns over the medium to long term. The document provides context on external reserves and their importance for economic stability.
1.[1 9]external reserves management and economic development in nigeria (1980...Alexander Decker
This document summarizes a study examining the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's reserves be managed prudently to ensure adequate funds are available to control risks and generate reasonable returns over the medium to long term. The document provides context on Nigeria's external reserves and reviews related literature on reserves management and its impact on economic development.
Extant literature revealed that international trade plays a key role to address the economic phenomena and can help to earn foreign exchange. Despite the accruable benefits from international trade and the countrys huge oil export that account for about 90 of its foreign exchange earnings, Nigerias trade balance and exchange rate remain unfavourable. The persistent rise in Nigerias exchange rate and unfavourable trade balance in recent time warrants an empirical probe. This study therefore examines the effect of exchange rate, domestic income, foreign income, consumption expenditure, money supply and interest rate on trade balance using a secondary time series data covering a period of thirty years from 1991 2020. The study employed a regression technique of the Ordinary Least Square OLS . All data used were secondary data obtained from the statistical bulletin of Central Bank of Nigeria CBN and National Bureau of Statistics NBS annual publications. After determining stationarity of the study variables using the ADF Statistic, it was discovered that the variables were all integrated at level, first and second difference, and found out to be stationary at their first difference. The study also using Johansen Cointegration Test, found that there is a long run relationship between the variables. Hence, the implication of this result is that there is a long run relationship between trade balance and other variables used in the model. From the result of the OLS, it is observed that exchange rate, domestic income, foreign income and money supply have a positive and significant impact on trade balance in Nigeria. The study recommends that the government should fixed or peg on the exchange rate through the central bank. This will enable the government to buy and sell its own currency against the currency to which it is pegged. The government should strive to reduce inflation to make exports more competitive. The government should also enhance supply side policies to increase long term competitiveness. Edokobi, Tonna David | Okpala, Ngozi Eugenia | Okoye, Nonso John "Exchange Rate and Trade Balance Nexus" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45079.pdf Paper URL: https://www.ijtsrd.com/management/public-sector-management/45079/exchange-rate-and-trade-balance-nexus/edokobi-tonna-david
Analysis of foreign investment and identified macroeconomic measures in nigeriaAlexander Decker
This document analyzes the relationship between foreign investment and macroeconomic variables in Nigeria from 1980-2010. It finds that GDP, exchange rates, and money supply have a direct positive impact on foreign investment, while interest rates and inflation have a negative impact. Interest rates and inflation are also found to "Granger cause" foreign investment, indicating they are influential factors. The study recommends that Nigeria implement excellent macroeconomic policies and infrastructure development to enhance investment and reduce poverty.
Market Macroscope - March 21-202103061104162707729.pdfMiniswarKosana1
The document provides an overview of the equity, debt, and macroeconomic outlook for March 2021. Key points include:
- Global bond yields increased on large US fiscal stimulus but the Fed will likely keep rates low. India's budget focused on growth over tax increases.
- Indian equity markets rallied in February on the budget. Concerns over rising global bond yields caused a sell-off at the end of the month.
- The large size of planned Indian government borrowing poses challenges for managing bond yields. Inflation remains under control but crude oil is a risk.
- The economic recovery is showing green shoots but rates are unlikely to rise given fragility. Volatility in global bond yields will continue to
Monetary Policy and Trade Balance in NigeriaYogeshIJTSRD
Nigeria apex bank Central Bank of Nigeria CBN has continued to battle with the job of reviving the ailing economy and putting it on the path of growth. The economy has witnessed unprecedented job loss, rising poverty level, accelerating inflation, sluggish economic growth and disequilibrium in the balance of trade. The study therefore examine the effect of monetary policy on trade balance in Nigeria. Specifically the study ascertained the extent to which inflation, demand deposit, liquidity ratio, exchange rate and interest rate have influenced trade balance in Nigeria using an econometric regression model of the Ordinary Least Square OLS . From the result of the OLS, it is observed that monetary policy rate, demand deposit, liquidity ratio and exchange rate have a significant positive impact on foreign trade in Nigeria. This means that increases in monetary policy rate, demand deposit, liquidity ratio and exchange rate, will lead to increase in foreign trade in Nigeria. On the other, inflation rate and interest rate has a significant negative impact on foreign trade in Nigeria, meaning that as inflation rate and interest rate increases, will be bring about a decline in foreign trade in Nigeria. Based on the findings of this study, the study recommends that the government should employ a contractionary monetary policy to fight inflation by reducing the money supply in the country through decreased bond price. inflation, demand deposit, liquidity ratio, exchange rate and interest rate have influenced trade balance in Nigeria. The government should intervene in the foreign exchange market in order to build reserves for themselves or provide them to the bank to help stabilize the exchange rate. The government should strive to improve trade performance in the short and long run. They should also reduce government spending and tax capital inflow. Edokobi, Tonna David | Okpala, Ngozi Eugenia | Okoye, Nonso John "Monetary Policy and Trade Balance in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45080.pdf Paper URL: https://www.ijtsrd.com/management/public-sector-management/45080/monetary-policy-and-trade-balance-in-nigeria/edokobi-tonna-david
Is domestic private investment sensitive to macroeconomic indicators? Further...Premier Publishers
This paper examined the sensitivity of domestic private investment to macroeconomic indicators in Nigeria from 1986 to 2015 using domestic private investment as the dependent variable and gross domestic product, money supply, exchange rate, interest rate and inflation rate as independent variables. The Ordinary Least Square technique, ARDL Modeling technique and the Engle Granger causality technique for analysis revealed that domestic private investment is most sensitive to money supply, gross domestic product as a proxy for economic growth and exchange rate in Nigeria while it is less sensitive to inflation and interest rate in the short run. Gross domestic product as a proxy for economic growth and exchange rate affect domestic private investment positively while money supply has a negative effect in the short run. Domestic private investment is most sensitive to money supply and gross domestic product as a proxy for economic growth in the long run and both exert a negative and positive effect on domestic private investment respectively in the long run while inflation and interest rates also exert significant effect on the same. Meanwhile, the causality test revealed that domestic private investment drives money supply in Nigeria. Hence, it is recommended that monetary policies which relate mostly to the control of the cost, supply/availability and direction of money should be reviewed periodically and ensure that such policies are implemented with little or no lag. Furthermore, the devaluation of the exchange rate which will spur private domestic investment should be cautiously implemented.
The effect of external debt on economic growthSanjida Sarafat
This document provides background information on external debt and its impact on economic growth. It discusses how developing countries often take on external debt to supplement domestic savings and investment. While borrowing can increase output if investments yield returns higher than borrowing costs, high debt levels that countries struggle to service can undermine growth. The document specifically examines Nigeria's large external debt from the 1970s onward, how debt relief initiatives have aimed to address unsustainability, and studies showing links between debt indicators and slowed economic growth. It outlines the objectives, significance and research questions for a study on external debt's effects on Nigeria's economy between 1980-2013.
Relative Potency of Internal and External Sources of Financing Nigerian Econo...iosrjce
The study is aimed at determining the relative potency of internal and external sources of financing
economic growth in Nigeria using time series data from 1983 to 2012. Ordinary least square regression method,
unit root test, Johansen cointegration test and error correction model were used for the purpose of analyses.
Gross national saving, internal debt, grants and foreign investment are stationary at level, gross domestic
investment at first difference and gross domestic product at second difference. From the over parameterized
ECM, none of the internal and external financing options is significant in explaining economic growth. In the
group of internal options, gross national saving, gross domestic investment and internal debt contribute
positively to growth in the short and long run, the only exception being gross national saving in the short run. In
the group of external options however, only grant contribute positively to growth in the long and short run.
Foreign direct investment appears like a wolf in sheep’s clothing given its long run negative impact. Finally,
growth is a decreasing and an increasing function of external debt in the short and long run respectively. It is
noteworthy that a very high constant coefficient implies that there are many factors that actually determine
Nigerian gross domestic product outside the model. While the variables of interest are theoretically expected to
play significant roles, they fail empirically. A comparison of the two modes shows that internal factors prove to
be more reliable in accelerating Nigerian economic growth.
An empirical test of the relationship between private savingsAlexander Decker
This study examines the relationship between private savings and economic growth in Kenya over time. It employs econometric techniques including cointegration and Granger causality tests to analyze long-run and short-run relationships using data from 1990-2013. The literature review discusses mixed findings from previous studies on the direction of causality between savings and growth. The study aims to test two hypotheses: 1) private savings cause economic growth, or 2) economic growth causes private savings in Kenya. The results will help inform government policies around promoting savings or growth.
Indonesian overseas-debt-relationship-for-economic-development-in-sharia-econ...Anno Tsanjay
1) The document analyzes the relationship between foreign debt and economic development in Indonesia from 2010-2019, as well as perspectives on foreign debt from Islamic economics.
2) It finds that foreign debt in Indonesia has a strong correlation with economic growth and development over the period studied.
3) From an Islamic economics perspective, government foreign debt is permissible if the form and mechanisms of cooperation adhere to Sharia principles and are for the benefit of the people.
A sectoral analysis of inflation hedging properties of common stocksAlexander Decker
This summary provides an overview of a research journal article that analyzes the inflation-hedging properties of stocks in the engineering technology, computer/office equipment, and printing/publishing sectors listed on the Nigerian Stock Exchange from 2000-2011. The study finds that while the stocks provided positive real returns based on shareholders' funds and total equity returns, they did not significantly hedge against inflation when considering dividend yields. Traditional hedges like commodities and real estate may not be as effective in modern markets. New financial instruments like derivatives and other exotic investments have emerged as potential inflation hedges, though each asset class has unique risk-return characteristics.
1) Indonesia faced severe economic turmoil during the Asian Financial Crisis in 1998, with GDP declining by 13.31% that year. However, GDP growth recovered significantly to over 6% in 2010-2011 after the global financial crisis.
2) Consumption contributes the highest proportion to Indonesia's GDP, followed by exports. Investment and government spending contribute smaller and more variable proportions.
3) While inflation in Indonesia has historically been higher than in peer nations, it has shown a gradual declining trend in recent years as the government reduces fuel and electricity subsidies. Volatile food and administered fuel prices continue to pose challenges.
Lagos real estate investment report Q4 2012 - Q1 2013Munachi C Okoye
This document provides an investment report on real estate trends in Lagos, Nigeria from Q4 2012 to Q1 2013. It notes that foreign direct investment reached a record $5.2 billion in this period, while infrastructure development in Lagos continues. Real estate investment is flowing into the retail, residential, and office sectors in Lagos, with land prices increasing the most in the Lekki-Epe area. Financing remains challenging in Nigeria's local real estate market due to high interest rates.
The document provides background information on foreign direct investment (FDI) and discusses the importance of FDI to developing economies like Nigeria. It notes that Nigeria suffers from capital scarcity due to low domestic savings. While FDI can help boost capital levels and economic growth, insecurity poses challenges to Nigeria's investment climate and has led to declining FDI. The study aims to examine the impact of insecurity on FDI in Nigeria, particularly in the manufacturing and communication sectors, in order to improve economic growth and development. It outlines the statement of the problem, research questions, objectives, hypotheses and significance of the study.
Investment is defining as asset or item that is
purchased with the hope that it will generate income or
appreciate in the future. In an economic sense, an investment is
the purchase of goods that are not consumed today but are
used in the future to create with. In finance an investment is a
monetary asset purchased with the idea that the asset will
provide income in the future or appreciate and be sold at a
higher price. The purpose of this paper is to investigate the
impact of investment (public and private) on economic growth
in Sudan during the period 1999-2011. Date were collected
from central bureau of statistics. Using these data ordinary
least squares method was applied to the linear form of the
model. The obtained results showed that: investment has
positive impact on economic growth measured by nominal
gross domestic product, real gross domestic product and
growth rate of gross domestic product. This is similar to what
mentioned in economic theory.
The Role of Military Logistics Supports in Safeguarding National Security in ...ijtsrd
Traditionally, security is conceptualized within the context of the ability and capacity of the government to ensure the protection of their countries from internal insurrection or external aggression of any kind through adequate preparedness of the military to ensure intelligence gathering, secrecy and the protection of resources and rights considered critical to the existence of states. In this vein, the study examines the extent to which logistics supports from the Nigerian government to the Nigerian Armed Forces impacts the national security of the nation. The study delves to analyze the violent insurgencies and insecurity issues in the Niger Delta and the Boko Haram terrorism in the northeast, and how they have undermined Nigeria's national security. The paper adopts the Structural Functional theory to analyze the issues that facilitate the persistence of the insurgent groups in Nigeria. The study argues that in fighting insecurity in Nigeria the military personnel do not receive the needed logistics support promptly. Likewise, the paper highlights that the phenomenon of ethnicity and religious intolerance have led to incessant recurrence of ethnoreligious conflicts, which have claimed the lives of thousands of Nigerians, and birthed copious ethnic militias like the Movement for the Actualization of the Sovereign State of Biafra MASSOB , Boko Haram, and Niger Delta Avengers NDA , amongst others. The study, therefore, recommends that the Federal government should monitor the funds allocated to the defence sector and ensure proper accountability of such funds and that the government should facilitate the local production of arms by the Ministry of Defence this could be done through the government's proper funding and supervision of the activities of DICON, so as to boost the domestic production of arms and ammunition for use by the military and other related agencies all encapsulated within the Nigerian defence sector. Otu Offiong Duke "The Role of Military Logistics Supports in Safeguarding National Security in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26505.pdfPaper URL: https://www.ijtsrd.com/humanities-and-the-arts/political-science/26505/the-role-of-military-logistics-supports-in-safeguarding-national-security-in-nigeria/otu-offiong-duke
Analyzing the Effect of Government Expenditure on Inflation Rate in Nigeria 1...ijtsrd
Nigeria is a developing economy with active participation of the federal government in various economic sectors not only to promote economic growth and development but also to instill fiscal and economic discipline in the economy. Government participation in the economy means greater funding of economic activities and this is expected to impact on economic indicators. This study analyses the effect of government expenditure on inflation rate in Nigeria within a period of 39 years spanning 1981 2019 . The study specifically seek to ascertain, determine, explore and assess the extent to which government expenditures on key sectors of agriculture, education, health and telecommunications respectively affect inflation rate in Nigeria. In line with the specific objectives of this study, four research questions are raised and four hypotheses duly formulated. Data used for this study were collected from the Central Bank of Nigeria CBN Statistical Bulletin. Government Expenditure on Agriculture GOA , Government Expenditure on Education GOE , Government Expenditure on Health GOH and Government Expenditure on Telecommunication GOT are the independent variables while inflation rate INF is the dependent variable. Descriptive statistics, diagnostic test employing the Augmented Dickey Fuller and a multivariate regression based on Johanson Cointegration and Error Correction Model ECM are used to analyze the data. Our findings indicate that government expenditures on education and agriculture have positive but insignificant effect on inflation rate and on the other hand, government expenditure on health and government expenditure on telecommunications have positive and significant effect on inflation rate. Based on our findings, the study recommends that government should increase its allocation to the health and education sectors to trigger increased skills and healthcare of economic operators for enhanced human capital development and economic productivity. Government should also provide adequate infrastructures to facilitate economic growth and reduce high inflation rate. Mbanefo, Patrick Amaechi | Atueyi, Chidi Leonard "Analyzing the Effect of Government Expenditure on Inflation Rate in Nigeria (1981-2019)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2 , February 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49237.pdf Paper URL: https://www.ijtsrd.com/management/management-development/49237/analyzing-the-effect-of-government-expenditure-on-inflation-rate-in-nigeria-19812019/mbanefo-patrick-amaechi
Foreign Investment and Its Effect on the Economic Growth in Nigeria: A Triang...iosrjce
Evidence abound about the registered increase in foreign investment inflows in recent years. While
proponents emphasize that these inflows could engender economic growth, critics express concern that there
could be destabilizing effect on the economy if not well managed. This study therefore, attempts to examine the
effect of foreign investments (disaggregated into foreign direct investment and foreign portfolio investment)
inflows on economic growth in Nigeria with a view to ascertaining the better contributor, using time series data
from 1987-2012. The OLS and the Granger causality procedures were employed in analyzing the data. The
result displays that both foreign direct investment and foreign portfolio investment have positive and significant
effect on economic growth though the partial correlation coefficients show that foreign portfolio investment is
the better contributor. Based on the result, government should pursue policies that encourage both foreign
direct investment and especially foreign portfolio investment.
11.external reserves management and economic development in nigeria (1980www....Alexander Decker
This document summarizes a study that examined the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's external reserves be managed prudently to ensure adequate reserves are available to control risks and generate reasonable returns over the medium to long term. The document provides context on external reserves and their importance for economic stability in Nigeria.
2.[10 18]influencing organisational behaviour through the application of lear...Alexander Decker
This document summarizes a study that examined the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's external reserves be managed prudently to ensure adequate reserves are available to control risks and generate reasonable returns over the medium to long term. The document provides context on external reserves and their importance for economic stability.
1.[1 9]external reserves management and economic development in nigeria (1980...Alexander Decker
This document summarizes a study examining the management of external reserves and economic development in Nigeria between 1980-2008. The study found a statistically significant relationship between Nigeria's management of external reserves and several macroeconomic variables. It recommends that Nigeria's reserves be managed prudently to ensure adequate funds are available to control risks and generate reasonable returns over the medium to long term. The document provides context on Nigeria's external reserves and reviews related literature on reserves management and its impact on economic development.
Extant literature revealed that international trade plays a key role to address the economic phenomena and can help to earn foreign exchange. Despite the accruable benefits from international trade and the countrys huge oil export that account for about 90 of its foreign exchange earnings, Nigerias trade balance and exchange rate remain unfavourable. The persistent rise in Nigerias exchange rate and unfavourable trade balance in recent time warrants an empirical probe. This study therefore examines the effect of exchange rate, domestic income, foreign income, consumption expenditure, money supply and interest rate on trade balance using a secondary time series data covering a period of thirty years from 1991 2020. The study employed a regression technique of the Ordinary Least Square OLS . All data used were secondary data obtained from the statistical bulletin of Central Bank of Nigeria CBN and National Bureau of Statistics NBS annual publications. After determining stationarity of the study variables using the ADF Statistic, it was discovered that the variables were all integrated at level, first and second difference, and found out to be stationary at their first difference. The study also using Johansen Cointegration Test, found that there is a long run relationship between the variables. Hence, the implication of this result is that there is a long run relationship between trade balance and other variables used in the model. From the result of the OLS, it is observed that exchange rate, domestic income, foreign income and money supply have a positive and significant impact on trade balance in Nigeria. The study recommends that the government should fixed or peg on the exchange rate through the central bank. This will enable the government to buy and sell its own currency against the currency to which it is pegged. The government should strive to reduce inflation to make exports more competitive. The government should also enhance supply side policies to increase long term competitiveness. Edokobi, Tonna David | Okpala, Ngozi Eugenia | Okoye, Nonso John "Exchange Rate and Trade Balance Nexus" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45079.pdf Paper URL: https://www.ijtsrd.com/management/public-sector-management/45079/exchange-rate-and-trade-balance-nexus/edokobi-tonna-david
Analysis of foreign investment and identified macroeconomic measures in nigeriaAlexander Decker
This document analyzes the relationship between foreign investment and macroeconomic variables in Nigeria from 1980-2010. It finds that GDP, exchange rates, and money supply have a direct positive impact on foreign investment, while interest rates and inflation have a negative impact. Interest rates and inflation are also found to "Granger cause" foreign investment, indicating they are influential factors. The study recommends that Nigeria implement excellent macroeconomic policies and infrastructure development to enhance investment and reduce poverty.
Market Macroscope - March 21-202103061104162707729.pdfMiniswarKosana1
The document provides an overview of the equity, debt, and macroeconomic outlook for March 2021. Key points include:
- Global bond yields increased on large US fiscal stimulus but the Fed will likely keep rates low. India's budget focused on growth over tax increases.
- Indian equity markets rallied in February on the budget. Concerns over rising global bond yields caused a sell-off at the end of the month.
- The large size of planned Indian government borrowing poses challenges for managing bond yields. Inflation remains under control but crude oil is a risk.
- The economic recovery is showing green shoots but rates are unlikely to rise given fragility. Volatility in global bond yields will continue to
Monetary Policy and Trade Balance in NigeriaYogeshIJTSRD
Nigeria apex bank Central Bank of Nigeria CBN has continued to battle with the job of reviving the ailing economy and putting it on the path of growth. The economy has witnessed unprecedented job loss, rising poverty level, accelerating inflation, sluggish economic growth and disequilibrium in the balance of trade. The study therefore examine the effect of monetary policy on trade balance in Nigeria. Specifically the study ascertained the extent to which inflation, demand deposit, liquidity ratio, exchange rate and interest rate have influenced trade balance in Nigeria using an econometric regression model of the Ordinary Least Square OLS . From the result of the OLS, it is observed that monetary policy rate, demand deposit, liquidity ratio and exchange rate have a significant positive impact on foreign trade in Nigeria. This means that increases in monetary policy rate, demand deposit, liquidity ratio and exchange rate, will lead to increase in foreign trade in Nigeria. On the other, inflation rate and interest rate has a significant negative impact on foreign trade in Nigeria, meaning that as inflation rate and interest rate increases, will be bring about a decline in foreign trade in Nigeria. Based on the findings of this study, the study recommends that the government should employ a contractionary monetary policy to fight inflation by reducing the money supply in the country through decreased bond price. inflation, demand deposit, liquidity ratio, exchange rate and interest rate have influenced trade balance in Nigeria. The government should intervene in the foreign exchange market in order to build reserves for themselves or provide them to the bank to help stabilize the exchange rate. The government should strive to improve trade performance in the short and long run. They should also reduce government spending and tax capital inflow. Edokobi, Tonna David | Okpala, Ngozi Eugenia | Okoye, Nonso John "Monetary Policy and Trade Balance in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45080.pdf Paper URL: https://www.ijtsrd.com/management/public-sector-management/45080/monetary-policy-and-trade-balance-in-nigeria/edokobi-tonna-david
Is domestic private investment sensitive to macroeconomic indicators? Further...Premier Publishers
This paper examined the sensitivity of domestic private investment to macroeconomic indicators in Nigeria from 1986 to 2015 using domestic private investment as the dependent variable and gross domestic product, money supply, exchange rate, interest rate and inflation rate as independent variables. The Ordinary Least Square technique, ARDL Modeling technique and the Engle Granger causality technique for analysis revealed that domestic private investment is most sensitive to money supply, gross domestic product as a proxy for economic growth and exchange rate in Nigeria while it is less sensitive to inflation and interest rate in the short run. Gross domestic product as a proxy for economic growth and exchange rate affect domestic private investment positively while money supply has a negative effect in the short run. Domestic private investment is most sensitive to money supply and gross domestic product as a proxy for economic growth in the long run and both exert a negative and positive effect on domestic private investment respectively in the long run while inflation and interest rates also exert significant effect on the same. Meanwhile, the causality test revealed that domestic private investment drives money supply in Nigeria. Hence, it is recommended that monetary policies which relate mostly to the control of the cost, supply/availability and direction of money should be reviewed periodically and ensure that such policies are implemented with little or no lag. Furthermore, the devaluation of the exchange rate which will spur private domestic investment should be cautiously implemented.
The effect of external debt on economic growthSanjida Sarafat
This document provides background information on external debt and its impact on economic growth. It discusses how developing countries often take on external debt to supplement domestic savings and investment. While borrowing can increase output if investments yield returns higher than borrowing costs, high debt levels that countries struggle to service can undermine growth. The document specifically examines Nigeria's large external debt from the 1970s onward, how debt relief initiatives have aimed to address unsustainability, and studies showing links between debt indicators and slowed economic growth. It outlines the objectives, significance and research questions for a study on external debt's effects on Nigeria's economy between 1980-2013.
Relative Potency of Internal and External Sources of Financing Nigerian Econo...iosrjce
The study is aimed at determining the relative potency of internal and external sources of financing
economic growth in Nigeria using time series data from 1983 to 2012. Ordinary least square regression method,
unit root test, Johansen cointegration test and error correction model were used for the purpose of analyses.
Gross national saving, internal debt, grants and foreign investment are stationary at level, gross domestic
investment at first difference and gross domestic product at second difference. From the over parameterized
ECM, none of the internal and external financing options is significant in explaining economic growth. In the
group of internal options, gross national saving, gross domestic investment and internal debt contribute
positively to growth in the short and long run, the only exception being gross national saving in the short run. In
the group of external options however, only grant contribute positively to growth in the long and short run.
Foreign direct investment appears like a wolf in sheep’s clothing given its long run negative impact. Finally,
growth is a decreasing and an increasing function of external debt in the short and long run respectively. It is
noteworthy that a very high constant coefficient implies that there are many factors that actually determine
Nigerian gross domestic product outside the model. While the variables of interest are theoretically expected to
play significant roles, they fail empirically. A comparison of the two modes shows that internal factors prove to
be more reliable in accelerating Nigerian economic growth.
An empirical test of the relationship between private savingsAlexander Decker
This study examines the relationship between private savings and economic growth in Kenya over time. It employs econometric techniques including cointegration and Granger causality tests to analyze long-run and short-run relationships using data from 1990-2013. The literature review discusses mixed findings from previous studies on the direction of causality between savings and growth. The study aims to test two hypotheses: 1) private savings cause economic growth, or 2) economic growth causes private savings in Kenya. The results will help inform government policies around promoting savings or growth.
Indonesian overseas-debt-relationship-for-economic-development-in-sharia-econ...Anno Tsanjay
1) The document analyzes the relationship between foreign debt and economic development in Indonesia from 2010-2019, as well as perspectives on foreign debt from Islamic economics.
2) It finds that foreign debt in Indonesia has a strong correlation with economic growth and development over the period studied.
3) From an Islamic economics perspective, government foreign debt is permissible if the form and mechanisms of cooperation adhere to Sharia principles and are for the benefit of the people.
A sectoral analysis of inflation hedging properties of common stocksAlexander Decker
This summary provides an overview of a research journal article that analyzes the inflation-hedging properties of stocks in the engineering technology, computer/office equipment, and printing/publishing sectors listed on the Nigerian Stock Exchange from 2000-2011. The study finds that while the stocks provided positive real returns based on shareholders' funds and total equity returns, they did not significantly hedge against inflation when considering dividend yields. Traditional hedges like commodities and real estate may not be as effective in modern markets. New financial instruments like derivatives and other exotic investments have emerged as potential inflation hedges, though each asset class has unique risk-return characteristics.
1) Indonesia faced severe economic turmoil during the Asian Financial Crisis in 1998, with GDP declining by 13.31% that year. However, GDP growth recovered significantly to over 6% in 2010-2011 after the global financial crisis.
2) Consumption contributes the highest proportion to Indonesia's GDP, followed by exports. Investment and government spending contribute smaller and more variable proportions.
3) While inflation in Indonesia has historically been higher than in peer nations, it has shown a gradual declining trend in recent years as the government reduces fuel and electricity subsidies. Volatile food and administered fuel prices continue to pose challenges.
Lagos real estate investment report Q4 2012 - Q1 2013Munachi C Okoye
This document provides an investment report on real estate trends in Lagos, Nigeria from Q4 2012 to Q1 2013. It notes that foreign direct investment reached a record $5.2 billion in this period, while infrastructure development in Lagos continues. Real estate investment is flowing into the retail, residential, and office sectors in Lagos, with land prices increasing the most in the Lekki-Epe area. Financing remains challenging in Nigeria's local real estate market due to high interest rates.
The document provides background information on foreign direct investment (FDI) and discusses the importance of FDI to developing economies like Nigeria. It notes that Nigeria suffers from capital scarcity due to low domestic savings. While FDI can help boost capital levels and economic growth, insecurity poses challenges to Nigeria's investment climate and has led to declining FDI. The study aims to examine the impact of insecurity on FDI in Nigeria, particularly in the manufacturing and communication sectors, in order to improve economic growth and development. It outlines the statement of the problem, research questions, objectives, hypotheses and significance of the study.
Investment is defining as asset or item that is
purchased with the hope that it will generate income or
appreciate in the future. In an economic sense, an investment is
the purchase of goods that are not consumed today but are
used in the future to create with. In finance an investment is a
monetary asset purchased with the idea that the asset will
provide income in the future or appreciate and be sold at a
higher price. The purpose of this paper is to investigate the
impact of investment (public and private) on economic growth
in Sudan during the period 1999-2011. Date were collected
from central bureau of statistics. Using these data ordinary
least squares method was applied to the linear form of the
model. The obtained results showed that: investment has
positive impact on economic growth measured by nominal
gross domestic product, real gross domestic product and
growth rate of gross domestic product. This is similar to what
mentioned in economic theory.
The Role of Military Logistics Supports in Safeguarding National Security in ...ijtsrd
Traditionally, security is conceptualized within the context of the ability and capacity of the government to ensure the protection of their countries from internal insurrection or external aggression of any kind through adequate preparedness of the military to ensure intelligence gathering, secrecy and the protection of resources and rights considered critical to the existence of states. In this vein, the study examines the extent to which logistics supports from the Nigerian government to the Nigerian Armed Forces impacts the national security of the nation. The study delves to analyze the violent insurgencies and insecurity issues in the Niger Delta and the Boko Haram terrorism in the northeast, and how they have undermined Nigeria's national security. The paper adopts the Structural Functional theory to analyze the issues that facilitate the persistence of the insurgent groups in Nigeria. The study argues that in fighting insecurity in Nigeria the military personnel do not receive the needed logistics support promptly. Likewise, the paper highlights that the phenomenon of ethnicity and religious intolerance have led to incessant recurrence of ethnoreligious conflicts, which have claimed the lives of thousands of Nigerians, and birthed copious ethnic militias like the Movement for the Actualization of the Sovereign State of Biafra MASSOB , Boko Haram, and Niger Delta Avengers NDA , amongst others. The study, therefore, recommends that the Federal government should monitor the funds allocated to the defence sector and ensure proper accountability of such funds and that the government should facilitate the local production of arms by the Ministry of Defence this could be done through the government's proper funding and supervision of the activities of DICON, so as to boost the domestic production of arms and ammunition for use by the military and other related agencies all encapsulated within the Nigerian defence sector. Otu Offiong Duke "The Role of Military Logistics Supports in Safeguarding National Security in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26505.pdfPaper URL: https://www.ijtsrd.com/humanities-and-the-arts/political-science/26505/the-role-of-military-logistics-supports-in-safeguarding-national-security-in-nigeria/otu-offiong-duke
Analyzing the Effect of Government Expenditure on Inflation Rate in Nigeria 1...ijtsrd
Nigeria is a developing economy with active participation of the federal government in various economic sectors not only to promote economic growth and development but also to instill fiscal and economic discipline in the economy. Government participation in the economy means greater funding of economic activities and this is expected to impact on economic indicators. This study analyses the effect of government expenditure on inflation rate in Nigeria within a period of 39 years spanning 1981 2019 . The study specifically seek to ascertain, determine, explore and assess the extent to which government expenditures on key sectors of agriculture, education, health and telecommunications respectively affect inflation rate in Nigeria. In line with the specific objectives of this study, four research questions are raised and four hypotheses duly formulated. Data used for this study were collected from the Central Bank of Nigeria CBN Statistical Bulletin. Government Expenditure on Agriculture GOA , Government Expenditure on Education GOE , Government Expenditure on Health GOH and Government Expenditure on Telecommunication GOT are the independent variables while inflation rate INF is the dependent variable. Descriptive statistics, diagnostic test employing the Augmented Dickey Fuller and a multivariate regression based on Johanson Cointegration and Error Correction Model ECM are used to analyze the data. Our findings indicate that government expenditures on education and agriculture have positive but insignificant effect on inflation rate and on the other hand, government expenditure on health and government expenditure on telecommunications have positive and significant effect on inflation rate. Based on our findings, the study recommends that government should increase its allocation to the health and education sectors to trigger increased skills and healthcare of economic operators for enhanced human capital development and economic productivity. Government should also provide adequate infrastructures to facilitate economic growth and reduce high inflation rate. Mbanefo, Patrick Amaechi | Atueyi, Chidi Leonard "Analyzing the Effect of Government Expenditure on Inflation Rate in Nigeria (1981-2019)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2 , February 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49237.pdf Paper URL: https://www.ijtsrd.com/management/management-development/49237/analyzing-the-effect-of-government-expenditure-on-inflation-rate-in-nigeria-19812019/mbanefo-patrick-amaechi
Strategic Military Intelligence and Operational Efficiency A Study of Insecur...ijtsrd
This article looks at strategic military intelligence and operational efficiency with emphases on insecurity in Nigeria. Strategic military intelligence was discussed from strategic and operational intelligence and operational efficiency was looked from operational responsiveness and configuration. This article seeks to determine how the strategically military intelligence impact Military operational efficiency in Nigeria. The improper employment and inaccurate designation of tasks to intelligence agencies to support national security objectives has been a major challenge that the study intends to address. In the same vein, the lack of analytical skills among personnel has denigrates the value of intelligence produce to solve security operation. The descriptive research was used to analyze the data that was gathered. The respondents were selected through purposive sampling. A survey questionnaire was used to gather data which were derived from the objectives and rationale for the study. Data for the study was analyzed via analysis of variance ANOVA .The result of the analysis shows that strategic military intelligence impact operational responsiveness and configuration in Nigeria. The study concludes that military strategic intelligence impacts operational efficiency in Nigeria. And that the level or methods adopted by the Nigeria military to respond to the threat of insecurity in all the different parts of the country will not only determine the extents at which the country will succeed but will also show how committed the Nigeria Military are working toward protecting lives and properties of Nigerian. The study recommend that the federal government of Nigeria should create or set up a special unit or agency different from the military Army, Navy and Air force and the intelligent units Department of State Service DSS also known as SSS or Defense Intelligence Agency DIA etc. that will be saddled with the responsibility of ensuring that the Intel gathered by the intelligent units and handed to the Military for some special operations are sustained and applied with high level of professionalism. As this will ensure that personnel with clandestine motives are not only checked but are punished for such an action. Dr. Agbeche, Aaron Oghenevwayere | Elechi, Bobby Chime | Okechukwu, Prince Jumbo "Strategic Military Intelligence and Operational Efficiency: A Study of Insecurity in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47705.pdf Paper URL : https://www.ijtsrd.com/management/strategic-management/47705/strategic-military-intelligence-and-operational-efficiency-a-study-of-insecurity-in-nigeria/dr-agbeche-aaron-oghenevwayere
Determinants of Foreign Direct Investment in Nigeriaijtsrd
This document examines the determinants of foreign direct investment (FDI) in Nigeria. It provides context on FDI and its importance for economic growth. FDI inflows to Nigeria have experienced volatility over time. The study aims to determine what factors influence FDI in Nigeria using econometric analysis. Specifically, it will analyze the impact of trade openness, market size, infrastructure, human capital, labor force, natural resources, exchange rate, and inflation rate on FDI inflows. The document reviews several previous studies that have examined factors influencing FDI in Nigeria and other countries. It finds that market size, trade openness, exchange rates, and inflation are often statistically significant determinants of FDI.
Foreign Portfolio Investment and Human Capital Development in Nigeria 1987 2018ijtsrd
As a result of low savings that characterize their economies, most developing economies scramble for international capital inflows to fill the void in their domestic savings. The international capital can take the form of Foreign Portfolio Investment. There are mixed and conflicting results in past studies on the effect of Foreign Portfolio Investment on Human Capital Development in Nigeria which this study will attempt to resolve. Foreign portfolio investment FPI is an aspect of international capital inflows and involves the transfer of financial assets such as cash, stock or bonds across international borders in want of profit. The main objective of this study is to explore, determine, assess, examine and ascertain the effect of FPI on human capital development in Nigeria. The specific objectives of this study are to explore, determine, assess, examine and ascertain the effects of foreign portfolio investment, market capitalization, exchange rate and interest rate respectively on human capital development in Nigeria. The study adopted ex post facto research design and sourced data sourced data from the Central Bank of Nigeria Statistical Bulletin and Annual Reports and the World Bank Development Indicators which were analyzed using Descriptive Statistics, Augmented Dicker Fuller tests for unit roots and Autoregressive Distributive Lag ARDL for the hypothesis.The study concluded that foreign portfolio investment has both short run and long run positive and significant effects on human capital development. Hence, it is recommended that government should strengthen and deepen the capital market system in Nigeria to sustain existing foreign portfolio investment and attract new ones. Mbanefo Patrick Amaechi "Foreign Portfolio Investment and Human Capital Development in Nigeria: 1987-2018" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2 , February 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49231.pdf Paper URL: https://www.ijtsrd.com/management/management-development/49231/foreign-portfolio-investment-and-human-capital-development-in-nigeria-19872018/mbanefo-patrick-amaechi
Tax Incentives and Foreign Direct Investment in Nigeriaiosrjce
Given the significance of Foreign Direct Investment (FDI) to economic growth and the use of tax
incentives as a strategy among government of various countries to attract FDI, this study examines the influence
of tax incentives in the decision of an investor to locate FDI in Nigeria. Data were drawn from annual statistical
bulletin of the Central Bank of Nigeria and the World Bank World Development Indicators Database. The work
employs a model of multiple regressions using static Error Correction Modelling (ECM) to determine the time
series properties of tax incentives captured by annual tax revenue as a percentage of Gross Domestic Product
(GDP)and FDI. The result showed that FDI response to tax incentives is negatively significant, that is, increase
in tax incentives does not bring about a corresponding increase in FDI. Based on the findings, the paper
recommends, amongst others, that dependence on tax incentives should be reduced and more attention be put on
other incentives strategies such as stable economic reforms and stable political climate.
Foreign Direct Investment and Human Capital Development in a Developing Afric...ijtsrd
This document summarizes a research paper that examines the effect of foreign direct investment (FDI) on human capital development in Nigeria from 1987 to 2018. It begins with background on FDI and human capital development. It then reviews literature on the relationship between FDI and economic growth. The study uses data from the Central Bank of Nigeria and World Bank to analyze the long-run and short-run effects of FDI and other factors like exchange rates on human capital development in Nigeria, finding that FDI has a positive short-run effect but no long-run effect. It recommends that Nigeria reduce reliance on FDI and focus it on short-term plans only.
External Reserves and Economic Growth in Nigeriaijtsrd
The study examined the effect of external reserves on economic growth in Nigeria. The study disaggregated external reserve variables into external reserve stock, capital account balance, current account balance and cost of holding reserves. Economic growth was captured as the Gross Domestic Product growth rate. The data were generated from the CBN Statistical Bulletin and World Bank Group World Development Indicators, for a period of 35 years spanning 1987 to 2021. The regression model for the study was analysed using the Autoregressive Distributive Lag, which was found as most suitable using the Augmented Dicker Fuller Unit root tests. The results showed that there is no significant long run relationship between external reserves and economic growth in Nigeria and that the model explained about 71 of the short run factors that impact economic growth within the deregulated Nigeria economy. It was also discovered that economic growth has an endogenous effect on the model of external reserve strategies for economic growth. The regression results for the specific objectives and hypotheses testing revealed that 1 external reserve stock has a significant oscillatory short run effects on economic growth in Nigeria which was positive at lag 2 period and then negative in subsequent lag 3 year 2 capital account balance has a positive but no significant short run effect on economic growth in Nigeria 3 Current account balance has significant and short run positive effect on economic growth in the initial period but no effect in subsequent years and 4 Cost of reserve has significant and positive short run effect on economic growth in Nigeria. The study concluded that external reserves have not been an effective driver of Nigerian economic growth within the deregulated economy era. Based on the findings of the study it was recommended among others that government should increase her external reserve stock to enhance the growth of Nigerian economy, by increasing the export through diversification and exploration of new markets for Nigerian export products. Maryrose Chinyere Oforah | Prof. C. E. Umeora "External Reserves and Economic Growth in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55135.pdf Paper URL: https://www.ijtsrd.com.com/management/public-sector-management/55135/external-reserves-and-economic-growth-in-nigeria/maryrose-chinyere-oforah
Analysis of the Budget Trend of Capital Allocation to Infrastructure Developm...ijtsrd
Infrastructural developments of states are dependent on the capital expenditures allocated in the annual budgets of governments. The strength of government emphasis on infrastructure development can be ascertained through the trend of capital expenditure over years. In this study the trend of capital allocation in the budgets of South South States' governments of Nigeria is analysed spanning a period of 11 years 2007 2017 . The population of this study is the 6 states of South South Nigeria. Secondary data were collected from yearly budgets or appropriation bills of the state governments from state and national publications. Employing descriptive statistics and analysis of variance ANOVA , the study reveals that capital expenditure as a percentage of the total revenue expenditure of government is higher in the South South states than that of the rest states of the nation as an entity in a ratio of 60.14 to 41.76 . It is also higher than recurrent expenditure across the South South states in a ratio of 60.14 to 39.86 . The spatial distribution of capital expenditure significantly differs across the states. Thus, forecasting capital expenditure from one state to another is not feasible. It is recommended that the states should improve upon their allocation of more funds to capital expenditures than recurrent expenditures, while insisting on effective implementation of budgetary allocated capital. Beals, Sampson Alele "Analysis of the Budget Trend of Capital Allocation to Infrastructure Development in South-South Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-4 , June 2020, URL: https://www.ijtsrd.com/papers/ijtsrd31720.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/31720/analysis-of-the-budget-trend-of-capital-allocation-to-infrastructure-development-in-southsouth-nigeria/beals-sampson-alele
Impact of Foreign Direct Investments on Domestic Investments in Nigeriaijtsrd
This study examines the impact of foreign direct investments on domestic investments in Nigeria. Specifically, the study seeks to ascertain the effect of foreign direct investment, per capita income, consumption expenditure, savings and debt burden on domestic investments in Nigeria using an inferential statistic like the regression analysis after determining stationarity of the variables using the ADF Statistic, as well as the cointegration of variables using the Johansen approach. Findings revealed that foreign direct investment, per capita income, consumption expenditure, savings, interest rate and debt burden are statistically significant in explaining domestic investment in Nigeria. The F test conducted in the study shows that the model has a goodness of fit and is statistically different from zero. In other words, there is a significant impact between the dependent and independent variables in the model. The study therefore recommends that There is need for government to formulate investment policies that will be favourable to local investors in order to complement the inflow of investment from abroad. Government should provide adequate infrastructure and policy framework that will be conducive for doing business in Nigeria, so as to attract the inflow of FDI. Policies that would improve per capita income of Nigeria should be pursued as this will stabilize and accelerate the rate of investment in Nigeria. Anionwu, Carol "Impact of Foreign Direct Investments on Domestic Investments in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd26725.pdfPaper URL: https://www.ijtsrd.com/management/accounting-and-finance/26725/impact-of-foreign-direct-investments-on-domestic-investments-in-nigeria/anionwu-carol
India is one of the largest importers of defense equipment, importing approximately 70% of its requirements. The government aims to increase domestic production to meet 70% of requirements. Currently, domestic production is limited and mostly done by public sector units and ordnance factories. Indigenous research and development has not kept pace with modern requirements. Most defense equipment is old and needs replacing, with only 15% considered state-of-the-art. This highlights the need to modernize existing equipment and acquire new systems to boost military capabilities.
Impact of Commercial Banking on Nigeria Industrial Sectorijtsrd
This study examines the impact of commercial banking on Nigeria industrial sector using secondary data covering the period of 1980 2018 that were obtained from the Central Bank of Nigeria. The model's estimates were estimated via multiple econometric model of the ordinary least square to determine the effect of commercial bank credit to industrial sector, inflation, infrastructure, exchange rate, interest rate, labour force and bank capital on industrial sector proxied by industrial output. The results show that commercial bank credits to industrial sector, infrastructure, inflation, labour and bank capital have a positive impact on industrial sector while exchange rate has a negative impact on industrial sector but conforms to the a priori expectation. The study also found out that only commercial bank credits to industrial sector and infrastructure were significant in explaining industrial sector growth while other variables used in the study were all found to be non significant in explaining the growth rate of the industrial sector. The study concludes that adequate commercial banks credit intermediation in the industrial sector and government expenditure on the needed infrastructure will enhance the sector performance. Onwuteaka, Ifeoma Cecilia PhD | Molokwu, Ifeoma Mirian | Aju Gregory. C. ""Impact of Commercial Banking on Nigeria Industrial Sector"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-3 , April 2019, URL: https://www.ijtsrd.com/papers/ijtsrd23140.pdf
Paper URL: https://www.ijtsrd.com/management/-/23140/impact-of-commercial-banking-on-nigeria-industrial-sector/onwuteaka-ifeoma-cecilia-phd
This document summarizes a study that examined emerging trends in private security companies (PSCs) and security services in Southwest Nigeria. It investigated the establishment and justification of PSCs, government regulations of PSCs, and the relationship between PSCs and public security forces. The study found that while security is the government's responsibility, the government has failed to effectively provide security. Unemployment and systemic failures have contributed to rising security threats. PSCs have emerged to fill security gaps left by understaffed and inefficient public security forces. The study concludes that PSCs can complement government efforts in protecting citizens, but regulations are needed to ensure effective security provision.
Foreign Direct Investment (FDI) Flows in Nigeria: Pro or Economic Growth Averse?iosrjce
This study investigates the empirical relationship between Foreign Direct Investment and economic
growth in Nigeria. The work covered a period of 1981-2009 using an annual data from Central Bank of Nigeria
statistical bulletin. A growth model via the Ordinary Least Square method was used to ascertain the relationship
between FDI and economic growth in Nigeria. The study also added Gross Fixed Capital Formation with a
view to capture theeffect of domestic investment on the growth of the economy for the period under review.
Interest Rate and exchange rate were also added as control variables in the model. Granger causality test was
also employed to determine the direction of causality between FDI and economic growth in Nigeria. The result
of the OLS techniques indicates that FDI has a positive and insignificant impact on the growth of Nigerian
economy for the period under study. GFCF which was used as a proxy for domestic investment has a positive
and significant impact on economic growth.Interest rate was found to be positive and insignificant while
exchange rate positively and significantly affects the growth of Nigeria economy. Therefore, government should
provide an enabling environment that will encourage foreign investors to invest in Nigeria economy by
addressing the security challenges in the country, providing investment friendly environment by improved
regulatory framework as well as encourage domestic investment.
Effect of FDI Inflows on Real Sector Economy of Nigeriaijtsrd
The study have examined the effect of sectorial FDI to economic growth of Nigeria within 34 year period spanning 1987 to 2020. FDI was disaggregated into four variables being agriculture, construction, manufacturing, and oil and gas as the independent variable. Economic growth was the dependent variable. The data were obtained from CBN statistical bulletin and Annual reports. The repression analysed using the ARDL technique. The results showed that FDI to various sector of the economy has significant long run effect on economic growth of Nigeria. Furthermore, The short run dynamic results revealed that 1 FDI to agriculture has interjecting effect with positive effect in the first lag 1 and successive negative effects in lags 2 and 4 2 FDI to construction have a significant positive effect on economic growth 3 FDI to manufacturing sector has negative effect on economic growth and 4 FDI to oil and gas sector has positive effect on economic growth. The study posits that FDI inflows is a veritable driver to economic growth to developing economies like Nigeria. Among the recommendations of this study is that the government should encourage local investment into the agriculture and manufacturing to cushion the adverse impact of FDI to Nigeria growth. Ositadimma Victor Okpalla | Sylvia Chikodi Anaele | Ifeanyi Jude Ekwunife "Effect of FDI Inflows on Real Sector Economy of Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-6 , October 2022, URL: https://www.ijtsrd.com/papers/ijtsrd51910.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/51910/effect-of-fdi-inflows-on-real-sector-economy-of-nigeria/ositadimma-victor-okpalla
This document examines the impact of capital accumulation on labor productivity growth in Nigeria from 1970-2014. It finds that:
1) Education and health expenditures' impact on labor productivity growth depends on the time period, while health expenditures positively impact productivity and compensation to employees negatively impacts it.
2) Both physical and human capital accumulation in Nigeria have been volatile and generally low over the study period, constraining productivity and output growth.
3) The determinants of labor productivity growth examined include human capital accumulation, physical capital accumulation, real wages, and technology, based on endogenous growth and efficiency wage theories.
This study analyzed time-series data from 1971-2011 on Nigeria's gross national product (dependent variable) and three independent variables: public expenditure, debt, and reserves. Using a Keynesian model, it found that the Nigerian economy is solvent and sustainable, with a positive relationship between public income, expenditure, and reserves, but a negative relationship between public income and public debt. It recommends increasing and judiciously using external debt, as well as distributing some public reserves proceeds to traditional financial institutions, to achieve Nigeria's economic objectives. However, it notes potential limitations of corruption and marginalization if recommendations are implemented.
Similar to Government Expenditure on Defence and Internal Security A Prerequisite for Achieving Sustainable Economic Growth and Development. 1994 2020 (20)
‘Six Sigma Technique’ A Journey Through its Implementationijtsrd
The manufacturing industries all over the world are facing tough challenges for growth, development and sustainability in today’s competitive environment. They have to achieve apex position by adapting with the global competitive environment by delivering goods and services at low cost, prime quality and better price to increase wealth and consumer satisfaction. Cost Management ensures profit, growth and sustainability of the business with implementation of Continuous Improvement Technique like Six Sigma. This leads to optimize Business performance. The method drives for customer satisfaction, low variation, reduction in waste and cycle time resulting into a competitive advantage over other industries which did not implement it. The main objective of this paper ‘Six Sigma Technique A Journey Through Its Implementation’ is to conceptualize the effectiveness of Six Sigma Technique through the journey of its implementation. Aditi Sunilkumar Ghosalkar "‘Six Sigma Technique’: A Journey Through its Implementation" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64546.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64546/‘six-sigma-technique’-a-journey-through-its-implementation/aditi-sunilkumar-ghosalkar
Edge Computing in Space Enhancing Data Processing and Communication for Space...ijtsrd
Edge computing, a paradigm that involves processing data closer to its source, has gained significant attention for its potential to revolutionize data processing and communication in space missions. With the increasing complexity and data volume generated by modern space missions, traditional centralized computing approaches face challenges related to latency, bandwidth, and security. Edge computing in space, involving on board processing and analysis of data, offers promising solutions to these challenges. This paper explores the concept of edge computing in space, its benefits, applications, and future prospects in enhancing space missions. Manish Verma "Edge Computing in Space: Enhancing Data Processing and Communication for Space Missions" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64541.pdf Paper Url: https://www.ijtsrd.com/computer-science/artificial-intelligence/64541/edge-computing-in-space-enhancing-data-processing-and-communication-for-space-missions/manish-verma
Dynamics of Communal Politics in 21st Century India Challenges and Prospectsijtsrd
Communal politics in India has evolved through centuries, weaving a complex tapestry shaped by historical legacies, colonial influences, and contemporary socio political transformations. This research comprehensively examines the dynamics of communal politics in 21st century India, emphasizing its historical roots, socio political dynamics, economic implications, challenges, and prospects for mitigation. The historical perspective unravels the intricate interplay of religious identities and power dynamics from ancient civilizations to the impact of colonial rule, providing insights into the evolution of communalism. The socio political dynamics section delves into the contemporary manifestations, exploring the roles of identity politics, socio economic disparities, and globalization. The economic implications section highlights how communal politics intersects with economic issues, perpetuating disparities and influencing resource allocation. Challenges posed by communal politics are scrutinized, revealing multifaceted issues ranging from social fragmentation to threats against democratic values. The prospects for mitigation present a multifaceted approach, incorporating policy interventions, community engagement, and educational initiatives. The paper conducts a comparative analysis with international examples, identifying common patterns such as identity politics and economic disparities. It also examines unique challenges, emphasizing Indias diverse religious landscape, historical legacy, and secular framework. Lessons for effective strategies are drawn from international experiences, offering insights into inclusive policies, interfaith dialogue, media regulation, and global cooperation. By scrutinizing historical epochs, contemporary dynamics, economic implications, and international comparisons, this research provides a comprehensive understanding of communal politics in India. The proposed strategies for mitigation underscore the importance of a holistic approach to foster social harmony, inclusivity, and democratic values. Rose Hossain "Dynamics of Communal Politics in 21st Century India: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64528.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/history/64528/dynamics-of-communal-politics-in-21st-century-india-challenges-and-prospects/rose-hossain
Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in...ijtsrd
Background and Objective Telehealth has become a well known tool for the delivery of health care in Saudi Arabia, and the perspective and knowledge of healthcare providers are influential in the implementation, adoption and advancement of the method. This systematic review was conducted to examine the current literature base regarding telehealth and the related healthcare professional perspective and knowledge in the Kingdom of Saudi Arabia. Materials and Methods This systematic review was conducted by searching 7 databases including, MEDLINE, CINHAL, Web of Science, Scopus, PubMed, PsycINFO, and ProQuest Central. Studies on healthcare practitioners telehealth knowledge and perspectives published in English in Saudi Arabia from 2000 to 2023 were included. Boland directed this comprehensive review. The researchers examined each connected study using the AXIS tool, which evaluates cross sectional systematic reviews. Narrative synthesis was used to summarise and convey the data. Results Out of 1840 search results, 10 studies were included. Positive outlook and limited knowledge among providers were seen across trials. Healthcare professionals like telehealth for its ability to improve quality, access, and delivery, save time and money, and be successful. Age, gender, occupation, and work experience also affect health workers knowledge. In Saudi Arabia, healthcare professionals face inadequate expert assistance, patient privacy, internet connection concerns, lack of training courses, lack of telehealth understanding, and high costs while performing telemedicine. Conclusions Healthcare practitioners telehealth perceptions and knowledge were examined in this systematic study. Its collection of concerned experts different personal attitudes and expertise would help enhance telehealths implementation in Saudi Arabia, develop its healthcare delivery alternative, and eliminate frequent problems. Badriah Mousa I Mulayhi | Dr. Jomin George | Judy Jenkins "Assess Perspective and Knowledge of Healthcare Providers Towards Elehealth in Saudi Arabia: A Systematic Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64535.pdf Paper Url: https://www.ijtsrd.com/medicine/other/64535/assess-perspective-and-knowledge-of-healthcare-providers-towards-elehealth-in-saudi-arabia-a-systematic-review/badriah-mousa-i-mulayhi
The Impact of Digital Media on the Decentralization of Power and the Erosion ...ijtsrd
The impact of digital media on the distribution of power and the weakening of traditional gatekeepers has gained considerable attention in recent years. The adoption of digital technologies and the internet has resulted in declining influence and power for traditional gatekeepers such as publishing houses and news organizations. Simultaneously, digital media has facilitated the emergence of new voices and players in the media industry. Digital medias impact on power decentralization and gatekeeper erosion is visible in several ways. One significant aspect is the democratization of information, which enables anyone with an internet connection to publish and share content globally, leading to citizen journalism and bypassing traditional gatekeepers. Another aspect is the disruption of conventional media industry business models, as traditional organizations struggle to adjust to the decrease in advertising revenue and the rise of digital platforms. Alternative business models, such as subscription models and crowdfunding, have become more prevalent, leading to the emergence of new players. Overall, the impact of digital media on the distribution of power and the weakening of traditional gatekeepers has brought about significant changes in the media landscape and the way information is shared. Further research is required to fully comprehend the implications of these changes and their impact on society. Dr. Kusum Lata "The Impact of Digital Media on the Decentralization of Power and the Erosion of Traditional Gatekeepers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64544.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64544/the-impact-of-digital-media-on-the-decentralization-of-power-and-the-erosion-of-traditional-gatekeepers/dr-kusum-lata
Online Voices, Offline Impact Ambedkars Ideals and Socio Political Inclusion ...ijtsrd
This research investigates the nexus between online discussions on Dr. B.R. Ambedkars ideals and their impact on social inclusion among college students in Gurugram, Haryana. Surveying 240 students from 12 government colleges, findings indicate that 65 actively engage in online discussions, with 80 demonstrating moderate to high awareness of Ambedkars ideals. Statistically significant correlations reveal that higher online engagement correlates with increased awareness p 0.05 and perceived social inclusion. Variations across colleges and a notable effect of college type on perceived social inclusion highlight the influence of contextual factors. Furthermore, the intersectional analysis underscores nuanced differences based on gender, caste, and socio economic status. Dr. Kusum Lata "Online Voices, Offline Impact: Ambedkar's Ideals and Socio-Political Inclusion - A Study of Gurugram District" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64543.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/political-science/64543/online-voices-offline-impact-ambedkars-ideals-and-sociopolitical-inclusion--a-study-of-gurugram-district/dr-kusum-lata
Problems and Challenges of Agro Entreprenurship A Studyijtsrd
Noting calls for contextualizing Agro entrepreneurs problems and challenges of the agro entrepreneurs and for greater attention to the Role of entrepreneurs in agro entrepreneurship research, we conduct a systematic literature review of extent research in agriculture entrepreneurship to overcome the study objectives of complications of agro entrepreneurs through various factors, Development of agriculture products is a key factor for the overall economic growth of agro entrepreneurs Agro Entrepreneurs produces firsthand large scale employment, utilizes the labor and natural resources, This research outlines the problems of Weather and Soil Erosions, Market price fluctuation, stimulates labor cost problems, reduces concentration of Price volatility, Dependency on Intermediaries, induces Limited Bargaining Power, and Storage and Transportation Costs. This paper mainly devoted to highlight Problems and challenges faced for the sustainable of Agro Entrepreneurs in India. Vinay Prasad B "Problems and Challenges of Agro Entreprenurship - A Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64540.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64540/problems-and-challenges-of-agro-entreprenurship--a-study/vinay-prasad-b
Comparative Analysis of Total Corporate Disclosure of Selected IT Companies o...ijtsrd
Disclosure is a process through which a business enterprise communicates with external parties. A corporate disclosure is communication of financial and non financial information of the activities of a business enterprise to the interested entities. Corporate disclosure is done through publishing annual reports. So corporate disclosure through annual reports plays a vital role in the life of all the companies and provides valuable information to investors. The basic objectives of corporate disclosure is to give a true and fair view of companies to the parties related either directly or indirectly like owner, government, creditors, shareholders etc. in the companies act, provisions have been made about mandatory and voluntary disclosure. The IT sector in India is rapidly growing, the trend to invest in the IT sector is rising and employment opportunities in IT sectors are also increasing. Therefore the IT sector is expected to have fair, full and adequate disclosure of all information. Unfair and incomplete disclosure may adversely affect the entire economy. A research study on disclosure practices of IT companies could play an important role in this regard. Hence, the present research study has been done to study and review comparative analysis of total corporate disclosure of selected IT companies of India and to put forward overall findings and suggestions with a view to increase disclosure score of these companies. The researcher hopes that the present research study will be helpful to all selected Companies for improving level of corporate disclosure through annual reports as well as the government, creditors, investors, all business organizations and upcoming researcher for comparative analyses of level of corporate disclosure with special reference to selected IT companies. Dr. Vaibhavi D. Thaker "Comparative Analysis of Total Corporate Disclosure of Selected IT Companies of India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64539.pdf Paper Url: https://www.ijtsrd.com/other-scientific-research-area/other/64539/comparative-analysis-of-total-corporate-disclosure-of-selected-it-companies-of-india/dr-vaibhavi-d-thaker
The Impact of Educational Background and Professional Training on Human Right...ijtsrd
This study investigated the impact of educational background and professional training on human rights awareness among secondary school teachers in the Marathwada region of Maharashtra, India. The key findings reveal that higher levels of education, particularly a master’s degree, and fields of study related to education, humanities, or social sciences are associated with greater human rights awareness among teachers. Additionally, both pre service teacher training and in service professional development programs focused on human rights education significantly enhance teacher’s knowledge, skills, and competencies in promoting human rights principles in their classrooms. Baig Ameer Bee Mirza Abdul Aziz | Dr. Syed Azaz Ali Amjad Ali "The Impact of Educational Background and Professional Training on Human Rights Awareness among Secondary School Teachers" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64529.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64529/the-impact-of-educational-background-and-professional-training-on-human-rights-awareness-among-secondary-school-teachers/baig-ameer-bee-mirza-abdul-aziz
A Study on the Effective Teaching Learning Process in English Curriculum at t...ijtsrd
“One Language sets you in a corridor for life. Two languages open every door along the way” Frank Smith English as a foreign language or as a second language has been ruling in India since the period of Lord Macaulay. But the question is how much we teach or learn English properly in our culture. Is there any scope to use English as a language rather than a subject How much we learn or teach English without any interference of mother language specially in the classroom teaching learning scenario in West Bengal By considering all these issues the researcher has attempted in this article to focus on the effective teaching learning process comparing to other traditional strategies in the field of English curriculum at the secondary level to investigate whether they fulfill the present teaching learning requirements or not by examining the validity of the present curriculum of English. The purpose of this study is to focus on the effectiveness of the systematic, scientific, sequential and logical transaction of the course between the teachers and the learners in the perspective of the 5Es programme that is engage, explore, explain, extend and evaluate. Sanchali Mondal | Santinath Sarkar "A Study on the Effective Teaching Learning Process in English Curriculum at the Secondary Level of West Bengal" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62412.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/62412/a-study-on-the-effective-teaching-learning-process-in-english-curriculum-at-the-secondary-level-of-west-bengal/sanchali-mondal
The Role of Mentoring and Its Influence on the Effectiveness of the Teaching ...ijtsrd
This paper reports on a study which was conducted to investigate the role of mentoring and its influence on the effectiveness of the teaching of Physics in secondary schools in the South West Region of Cameroon. The study adopted the convergent parallel mixed methods design, focusing on respondents in secondary schools in the South West Region of Cameroon. Both quantitative and qualitative data were collected, analysed separately, and the results were compared to see if the findings confirm or disconfirm each other. The quantitative analysis found that majority of the respondents 72 of Physics teachers affirmed that they had more experienced colleagues as mentors to help build their confidence, improve their teaching, and help them improve their effectiveness and efficiency in guiding learners’ achievements. Only 28 of the respondents disagreed with these statements. With majority respondents 72 agreeing with the statements, it implies that in most secondary schools, experienced Physics teachers act as mentors to build teachers’ confidence in teaching and improving students’ learning. The interview qualitative data analysis summarized how secondary school Principals use meetings with mentors and mentees to promote mentorship in the school milieu. This has helped strengthen teachers’ classroom practices in secondary schools in the South West Region of Cameroon. With the results confirming each other, the study recommends that mentoring should focus on helping teachers employ social interactions and instructional practices feedback and clarity in teaching that have direct measurable impact on students’ learning achievements. Andrew Ngeim Sumba | Frederick Ebot Ashu | Peter Agborbechem Tambi "The Role of Mentoring and Its Influence on the Effectiveness of the Teaching of Physics in Secondary Schools in the South West Region of Cameroon" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64524.pdf Paper Url: https://www.ijtsrd.com/management/management-development/64524/the-role-of-mentoring-and-its-influence-on-the-effectiveness-of-the-teaching-of-physics-in-secondary-schools-in-the-south-west-region-of-cameroon/andrew-ngeim-sumba
Design Simulation and Hardware Construction of an Arduino Microcontroller Bas...ijtsrd
This study primarily focuses on the design of a high side buck converter using an Arduino microcontroller. The converter is specifically intended for use in DC DC applications, particularly in standalone solar PV systems where the PV output voltage exceeds the load or battery voltage. To evaluate the performance of the converter, simulation experiments are conducted using Proteus Software. These simulations provide insights into the input and output voltages, currents, powers, and efficiency under different state of charge SoC conditions of a 12V,70Ah rechargeable lead acid battery. Additionally, the hardware design of the converter is implemented, and practical data is collected through operation, monitoring, and recording. By comparing the simulation results with the practical results, the efficiency and performance of the designed converter are assessed. The findings indicate that while the buck converter is suitable for practical use in standalone PV systems, its efficiency is compromised due to a lower output current. Chan Myae Aung | Dr. Ei Mon "Design Simulation and Hardware Construction of an Arduino-Microcontroller Based DC-DC High-Side Buck Converter for Standalone PV System" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64518.pdf Paper Url: https://www.ijtsrd.com/engineering/mechanical-engineering/64518/design-simulation-and-hardware-construction-of-an-arduinomicrocontroller-based-dcdc-highside-buck-converter-for-standalone-pv-system/chan-myae-aung
Sustainable Energy by Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadikuijtsrd
Energy becomes sustainable if it meets the needs of the present without compromising the ability of future generations to meet their own needs. Some of the definitions of sustainable energy include the considerations of environmental aspects such as greenhouse gas emissions, social, and economic aspects such as energy poverty. Generally far more sustainable than fossil fuel are renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy sources. Worthy of note is that some renewable energy projects, like the clearing of forests to produce biofuels, can cause severe environmental damage. The sustainability of nuclear power which is a low carbon source is highly debated because of concerns about radioactive waste, nuclear proliferation, and accidents. The switching from coal to natural gas has environmental benefits, including a lower climate impact, but could lead to delay in switching to more sustainable options. “Carbon capture and storage” can be built into power plants to remove the carbon dioxide CO2 emissions, but this technology is expensive and has rarely been implemented. Leading non renewable energy sources around the world is fossil fuels, coal, petroleum, and natural gas. Nuclear energy is usually considered another non renewable energy source, although nuclear energy itself is a renewable energy source, but the material used in nuclear power plants is not. The paper addresses the issue of sustainable energy, its attendant benefits to the future generation, and humanity in general. Paul A. Adekunte | Matthew N. O. Sadiku | Janet O. Sadiku "Sustainable Energy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64534.pdf Paper Url: https://www.ijtsrd.com/engineering/electrical-engineering/64534/sustainable-energy/paul-a-adekunte
Concepts for Sudan Survey Act Implementations Executive Regulations and Stand...ijtsrd
This paper aims to outline the executive regulations, survey standards, and specifications required for the implementation of the Sudan Survey Act, and for regulating and organizing all surveying work activities in Sudan. The act has been discussed for more than 5 years. The Land Survey Act was initiated by the Sudan Survey Authority and all official legislations were headed by the Sudan Ministry of Justice till it was issued in 2022. The paper presents conceptual guidelines to be used for the Survey Act implementation and to regulate the survey work practice, standardizing the field surveys, processing, quality control, procedures, and the processes related to survey work carried out by the stakeholders and relevant authorities in Sudan. The conceptual guidelines are meant to improve the quality and harmonization of geospatial data and to aid decision making processes as well as geospatial information systems. The established comprehensive executive regulations will govern and regulate the implementation of the Sudan Survey Geomatics Act in all surveying and mapping practices undertaken by the Sudan Survey Authority SSA and state local survey departments for public or private sector organizations. The targeted standards and specifications include the reference frame, projection, coordinate systems, and the guidelines and specifications that must be followed in the field of survey work, processes, and mapping products. In the last few decades, there has been a growing awareness of the importance of geomatics activities and measurements on the Earths surface in space and time, together with observing and mapping the changes. In such cases, data must be captured promptly, standardized, and obtained with more accuracy and specified in much detail. The paper will also highlight the current situation in Sudan, the degree to which survey standards are used, the problems encountered, and the errors that arise from not using the standards and survey specifications. Kamal A. A. Sami "Concepts for Sudan Survey Act Implementations - Executive Regulations and Standards" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63484.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63484/concepts-for-sudan-survey-act-implementations--executive-regulations-and-standards/kamal-a-a-sami
Towards the Implementation of the Sudan Interpolated Geoid Model Khartoum Sta...ijtsrd
The discussions between ellipsoid and geoid have invoked many researchers during the recent decades, especially during the GNSS technology era, which had witnessed a great deal of development but still geoid undulation requires more investigations. To figure out a solution for Sudans local geoid, this research has tried to intake the possibility of determining the geoid model by following two approaches, gravimetric and geometrical geoid model determination, by making use of GNSS leveling benchmarks at Khartoum state. The Benchmarks are well distributed in the study area, in which, the horizontal coordinates and the height above the ellipsoid have been observed by GNSS while orthometric heights were carried out using precise leveling. The Global Geopotential Model GGM represented in EGM2008 has been exploited to figure out the geoid undulation at the benchmarks in the study area. This is followed by a fitting process, that has been done to suit the geoid undulation data which has been computed using GNSS leveling data and geoid undulation inspired by the EGM2008. Two geoid surfaces were created after the fitting process to ensure that they are identical and both of them could be counted for getting the same geoid undulation with an acceptable accuracy. In this respect, statistical operation played an important role in ensuring the consistency and integrity of the model by applying cross validation techniques splitting the data into training and testing datasets for building the geoid model and testing its eligibility. The geometrical solution for geoid undulation computation has been utilized by applying straightforward equations that facilitate the calculation of the geoid undulation directly through applying statistical techniques for the GNSS leveling data of the study area to get the common equation parameters values that could be utilized to calculate geoid undulation of any position in the study area within the claimed accuracy. Both systems were checked and proved eligible to be used within the study area with acceptable accuracy which may contribute to solving the geoid undulation problem in the Khartoum area, and be further generalized to determine the geoid model over the entire country, and this could be considered in the future, for regional and continental geoid model. Ahmed M. A. Mohammed. | Kamal A. A. Sami "Towards the Implementation of the Sudan Interpolated Geoid Model (Khartoum State Case Study)" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63483.pdf Paper Url: https://www.ijtsrd.com/engineering/civil-engineering/63483/towards-the-implementation-of-the-sudan-interpolated-geoid-model-khartoum-state-case-study/ahmed-m-a-mohammed
Activating Geospatial Information for Sudans Sustainable Investment Mapijtsrd
Sudan is witnessing an acceleration in the processes of development and transformation in the performance of government institutions to raise the productivity and investment efficiency of the government sector. The development plans and investment opportunities have focused on achieving national goals in various sectors. This paper aims to illuminate the path to the future and provide geospatial data and information to develop the investment climate and environment for all sized businesses, and to bridge the development gap between the Sudan states. The Sudan Survey Authority SSA is the main advisor to the Sudan Government in conducting surveying, mappings, designing, and developing systems related to geospatial data and information. In recent years, SSA made a strategic partnership with the Ministry of Investment to activate Geospatial Information for Sudans Sustainable Investment and in particular, for the preparation and implementation of the Sudan investment map, based on the directives and objectives of the Ministry of Investment MI in Sudan. This paper comes within the framework of activating the efforts of the Ministry of Investment to develop technical investment services by applying techniques adopted by the Ministry and its strategic partners for advancing investment processes in the country. Kamal A. A. Sami "Activating Geospatial Information for Sudan's Sustainable Investment Map" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63482.pdf Paper Url: https://www.ijtsrd.com/engineering/information-technology/63482/activating-geospatial-information-for-sudans-sustainable-investment-map/kamal-a-a-sami
Educational Unity Embracing Diversity for a Stronger Societyijtsrd
In a rapidly changing global landscape, the importance of education as a unifying force cannot be overstated. This paper explores the crucial role of educational unity in fostering a stronger and more inclusive society through the embrace of diversity. By examining the benefits of diverse learning environments, the paper aims to highlight the positive impact on societal strength. The discussion encompasses various dimensions, from curriculum design to classroom dynamics, and emphasizes the need for educational institutions to become catalysts for unity in diversity. It highlights the need for a paradigm shift in educational policies, curricula, and pedagogical approaches to ensure that they are reflective of the diverse fabric of society. This paper also addresses the challenges associated with implementing inclusive educational practices and offers practical strategies for overcoming barriers. It advocates for collaborative efforts between educational institutions, policymakers, and communities to create a supportive ecosystem that promotes diversity and unity. Mr. Amit Adhikari | Madhumita Teli | Gopal Adhikari "Educational Unity: Embracing Diversity for a Stronger Society" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64525.pdf Paper Url: https://www.ijtsrd.com/humanities-and-the-arts/education/64525/educational-unity-embracing-diversity-for-a-stronger-society/mr-amit-adhikari
Integration of Indian Indigenous Knowledge System in Management Prospects and...ijtsrd
The diversity of indigenous knowledge systems in India is vast and can vary significantly between different communities and regions. Preserving and respecting these knowledge systems is crucial for maintaining cultural heritage, promoting sustainable practices, and fostering cross cultural understanding. In this paper, an overview of the prospects and challenges associated with incorporating Indian indigenous knowledge into management is explored. It is found that IIKS helps in management in many areas like sustainable development, tourism, food security, natural resource management, cultural preservation and innovation, etc. However, IIKS integration with management faces some challenges in the form of a lack of documentation, cultural sensitivity, language barriers legal framework, etc. Savita Lathwal "Integration of Indian Indigenous Knowledge System in Management: Prospects and Challenges" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63500.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/63500/integration-of-indian-indigenous-knowledge-system-in-management-prospects-and-challenges/savita-lathwal
DeepMask Transforming Face Mask Identification for Better Pandemic Control in...ijtsrd
The COVID 19 pandemic has highlighted the crucial need of preventive measures, with widespread use of face masks being a key method for slowing the viruss spread. This research investigates face mask identification using deep learning as a technological solution to be reducing the risk of coronavirus transmission. The proposed method uses state of the art convolutional neural networks CNNs and transfer learning to automatically recognize persons who are not wearing masks in a variety of circumstances. We discuss how this strategy improves public health and safety by providing an efficient manner of enforcing mask wearing standards. The report also discusses the obstacles, ethical concerns, and prospective applications of face mask detection systems in the ongoing fight against the pandemic. Dilip Kumar Sharma | Aaditya Yadav "DeepMask: Transforming Face Mask Identification for Better Pandemic Control in the COVID-19 Era" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64522.pdf Paper Url: https://www.ijtsrd.com/engineering/electronics-and-communication-engineering/64522/deepmask-transforming-face-mask-identification-for-better-pandemic-control-in-the-covid19-era/dilip-kumar-sharma
Streamlining Data Collection eCRF Design and Machine Learningijtsrd
Efficient and accurate data collection is paramount in clinical trials, and the design of Electronic Case Report Forms eCRFs plays a pivotal role in streamlining this process. This paper explores the integration of machine learning techniques in the design and implementation of eCRFs to enhance data collection efficiency. We delve into the synergies between eCRF design principles and machine learning algorithms, aiming to optimize data quality, reduce errors, and expedite the overall data collection process. The application of machine learning in eCRF design brings forth innovative approaches to data validation, anomaly detection, and real time adaptability. This paper discusses the benefits, challenges, and future prospects of leveraging machine learning in eCRF design for streamlined and advanced data collection in clinical trials. Dhanalakshmi D | Vijaya Lakshmi Kannareddy "Streamlining Data Collection: eCRF Design and Machine Learning" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd63515.pdf Paper Url: https://www.ijtsrd.com/biological-science/biotechnology/63515/streamlining-data-collection-ecrf-design-and-machine-learning/dhanalakshmi-d
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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research-development and payment of armed forces
(Army, Navy and Airforce) salaries and other
government agencies such as the NIA (National
Intelligence Agency). Principally, the government has
been lumbered with two major functions of ensuring
that the law and order are maintained and making
available the desired social infrastructure. But these
activities have taken a different shift in this modern
time to include ensuring there are economic growth
and development (Ofanson, 2007).
Nigeria as a nation is presently passing through some
dreadful challenges in the area of insecurity. Sixty-
one years after independence, the security mode of
the country has remained unchanged, the peace and
security challenges have principally not been
addressed, with several issues transforming into huge
insecurity problems with uncomplimentary
consequences that is affecting the economic activities.
Particularly in this present era of democratic
dispensation, new forms of violent crimes have
become common; these include kidnapping for
ransom, pipeline vandalization, Boko Haram
bombings, rape, political violence and more, which
have affected the Nigerian economy adversely.
Historical data shows that internal security and
defence spending increased tremendously from 1999
immediately the democratic governance came on
track. Increased security spending was also informed
by rising sectarian and ethno-religious crises, rampant
kidnappings for ransom, hostage taking of oil
company workers, crude oil pipelines and oil
installations vandalism, ritual killings among others
(Peterside, 2014).
The effect of national security spending on economic
growth and development, especially in Nigeria is not
clear and therefore its impact on gross domestic
product (GDP) and economic development is crucial.
Furthermore, most studies on defence-growth
relationship focus more on external defence, however,
the security challenges in Nigeria are more of internal
insecurity. Therefore, this study focuses on
government expenditure on internal security and
external defence and its effect on economic growth
and development in Nigeria. Based on the
background, it is therefore imperative to examine
empirically the effect of government security
expenditure (defence and internal security) on Nigeria
economy. To achieve this, specific objectives are to:
(i) examine the impact of government recurrent
expenditure on defence and internal security on
economic growth in Nigeria. (ii) Evaluate the impact
of government recurrent expenditure on internal
security and defence, on economic development of
Nigeria.
The subsequent sections are structured as follows:
Section two focuses on literature review, section three
theoretical framework,section four focuses on
methodology and section five on conclusion and
policy implication.
2. LITERATURE REVIEW
National security
National security is the ability to preserve the nation's
physical integrity and territory; to maintain its
economic relations with the rest of the world on
reasonable terms; to preserve its nature, institution,
and governance from disruption from outside; and to
control its borders." ( Brown, 1983) "National
security is best described as a capacity to control
those domestic and foreign conditions that the public
opinion of a given community believes necessary to
enjoy its own self-determination or autonomy,
prosperity, and wellbeing." ( Maier, 1990)
Military Expenditure
Military Expenditure According to Wikipedia,
military expenditure also known as a defence budget,
it is the amount of financial resources dedicated by a
state to raising and maintaining an armed forces or
other methods essential for defence purposes.
Military budgets often reflect how strongly a country
perceives the likelihood of threats against it, or the
amount of aggression it wishes to conjure. It also
gives an idea of how much financing should be
provided for the upcoming fiscal year. Factors that
determine a defence budget include the size of that
country's economy.
Internal Security Expenditure
Security spending includes the payment of the
salaries of armed forces personnel, thus enabling
them to take care of their basic needs (Beijer, 2010).
The security spending also encompasses medical
services, education and training of both local and
foreign security personnel as well as research and
development. The bulk of security spending is on the
procurement of materials and equipment such as
ammunitions of all categories. While, National
security and defense can be understood as
preparedness for military action, protection of
resources considered critical to the functioning of a
nation to protect a country from attack or subversion
(Otto and Ukpere, 2012).
Economic growth
Economic growth can be defined as an increase in the
value of goods and services produced by economy
overtime. It is conventionally mentioned as the
percent rate of increase in real gross domestic
products, or real GDP. Growth is usuallycalculated in
real terms, i.e. inflation adjusted terms; in other
obviate the distorting effect of inflation on the prices
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of goods and services produced. In economics,
“economic growth” or “economic growth theory
typically refers to the potential output. (Omojimite,
2012).
Human Capital Development
The concept of human capital formulation, according
to, Adawo (2011) refers to a conscious and
continuous process of acquiring and increasing the
number of people with requisite knowledge,
education, skills, and experience that are crucial for
the economic development of a country. Obisi &
Anyim (2012), also noted that human capital
development are talents, skills, competencies and
other advantages which people possess, and could be
put to better use to give organization and nations
more benefits. However, it is important to note that
the higher human capital of a society is the higher
would be the potentials for economic development.
Conceptually, the present study shall be based on the
fact that while governments try to reallocate their
military expenditure to essential human needs with
the aim of improving the human capital factor of a
country, it has to be done in such a manner as not to
make either of the two suffer disproportionately since
security guarantees a stable political and economic
climate that engenders growth of the domestic
economy. (Alugbuo and Uremadu. 2020)
3. THEORETICAL FRAMEWORK
3.1. The Progressive Theory of Public
Expenditures:
The theory was adopted by an American writer and
public finance analyst. The progressive theory by
Mabel Walker was one of the earliest attempts to
develop a positive budget theory. Walker intends to
provide theory to aid in decisions for allocation of
government expenditures. Mabel Walker (1937)
reviews the theories of public expenditure and devises
a method for ascertaining the tendencies in
distribution of expenditures on the assumption that
the way would be pointed to “a norm of expenditures
that is consistent with the state of progress at present
achieved by society” (Key, 1987).
3.2. Empirical Review
In an attempt of determining the impact of
government expenditure on defence and internal
security on economic growth and development, many
scholars have carried out related studies from which
few are reviewed in an attempt of finding a solution
to our research problem. Such scholars include;
Laniran & Ajala (2021) explored the relationship
between military expenditure and economic growth in
Nigeria using annual time series data from 1981 –
2017. The autoregressive distributed lag (ARDL)
estimation technique was used in testing the
relationship between the variables in the model. The
result of the study shows that there is a significant
positive long-run relationship between military
expenditure and economic growth.
Amana, Aigbedion & Zubair (2020) Assessed the
impact of government security expenditure on
economic growth in Nigeria from 1986-2018. The
study was carried out using time series data, and
econometrics tools were used for testing and
estimation. Augmented Dickey-Fuller (ADF) was
used to test the stationarity, the Ordinary Least
Square (OLS) and Error Correction Model (ECM)
techniques were used to estimate the impact of
government security expenditure on economic growth
in Nigeria. The study revealed that all the
independent variables were statistically insignificant.
Taheer & Asmau (2017) studied the effects of defense
and health expenditures on Economic growth in
Nigeria from 1970 to 2015. The Error Correction
Mechanism (ECM) and Granger Causality methods
were methods of analysis used in the estimation of the
models. Among other findings, the result of the ECM
model shows that defense spending has positive and
statistically significant impact on the Nigerian
economy in the short run. The Granger causality
result also revealed a unidirectional causality running
from DSP to GDP but not the other way around.
Ismail (2017) examined the relationship between
military expenditure and economic growth in five
South Asian countries from 1988 – 2013 using panel
data. Their result indicates a positive effect of
military expenditure on economic growth.
Phiri (2016) using the logistic smooth transition
regression (LSTR) model explored a non-linear
relationship between military spending, economic
growth and other determinants for the South African
economy using time series data from 1988 – 2014.
His findings indicated an inverted U shaped
relationship between military spending and economic
growth.
The work of Mohammed & Lawong (2016),
examined the impact of insecurity on selected
macroeconomic variables using dynamic modeling
approach to analyze time series data for the period
1960-2014. Findings indicate the existence of a long
run relationship between arms import, our measure of
insecurity, and the variables considered.
Korkmaz (2015) studied the effect of military
spending on economic growth and unemployment in
Mediterranean countries from 2005 – 2012, using
panel data analysis. His findings showed that military
spending affect economic growth of countries
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negatively while increasing unemployment. Khalid
and Mustapha (2014) examined the effects of military
spending on economic growth in India using annual
data from the period of 1980 to 2011. In their paper,
the autoregressive distributive lags (ARDL) co
integration approach was used to reexamine the long-
run relationships among the variables. The results for
ARDL tests indicate that there is a significant
relationship between military spending and economic
growth in the short run, while the long run results
suggest otherwise.
Apansile & Okunlola (2014) examined the effect of
military spending on output in Nigeria both in the
short-run and in the long-run period. Using ARDL
bounds testing approach to co-integration. Results
showed that military spending has negative and
significant effect on output in the short-run but
positive and significant effect in the long-run. Labour
and capital have positive and significant effects both
in the long-run and short-run.
Oriavwote & Eshenake (2013) used Error Correction
Model and found out that the expenditure on defence
has a negative impact on the level of economic
growth. Though, with an indication of defective
expenditure budgeting and implementation in the
defense sector, expenditure on internal security
played important role in generating the desired level
of economic growth in Nigeria.
Pradhan, Arvin, Norman & Bhinder (2013) in their
study on military expenditure and economic growth
using a dynamic multivariate causalitytests applied to
data from 22 countries for the period 1988–2012.
Their findings revealed equilibrium relationships
between military expenditure and economic growth.
Olofin (2012) examined the relationship between the
components of defense spending and poverty
reduction in Nigeria between 1990 and 2010. Four
models were estimated using Dynamic Ordinary
Least Square (DOLS) method, two in which poverty
index constructed from human development
indicators serves as dependent variable and the others
in which infant mortality rate serves as dependent
variable. The result shows that military expenditure
per soldier, military participation rate, trade,
population and output per capita square were
positively related to poverty indicator and, military
expenditure, secondary school enrolment and output
per capita were negatively related to poverty level.
In the work of Otto & Ukpere (2012) which was
carried out by examining the impact of national
security on growth. The work observes that there is a
positive relationship between security and
development in accordance with literature.
Tiwari & Shahbaz (2011) studied the effect of
defense spending on economic growth using ARDL
bounds testing approach. They found out that there is
long run relationship between the variables, and there
is also a positive effect of the defense spending on
economic growth. Furthermore, there study also
showed that there is bidirectional causal relationship
between defense spending and economic growth
using variance decomposition approach.
Anyanwu (2011) analysed defence spending and
economic growth in Nigeria within the Vector Error
Correction model, the study found a positive
relationship between military expenditure and
economic growth in the long and short run. Enimola
and Akoko (2011) examined the relationship between
the level of economic growth and defense spending in
the case of Nigeria from the period of 1977 to 2006.
The result of the Granger causality test shows that
there is a unidirectional causality running from
economic growth to defense spending.
4. METHODOLOGY
This study seeks to examine the effect of government
expenditure on defence and internal security on
economic growth and development of Nigeria. The
nature of data for this research work is secondary data
and they were obtained from CBN statistical bulletin
for various years and World Bank development
indicators.
The variables used in this study were broadly
categorized into dependent and independent variables.
The dependent variables include the economic growth
proxy by real gross domestic Product and economic
development proxy by human development index. On
the other hand, the independent variables are
government expenditure on defence and internal
security. The study used Vector Autoregressive
Estimates (VAR) to ascertain the effect of
government recurrent expenditure on defence and
internal security on economic growth and
development Nigeria from 1994 to 2020.
The study adapted the model of Amana, Aigbedion &
Zubair (2020) who examined the impact of
government expenditure on economic growth in
Nigeria. The model was stated as;
RGDP = f (GRDEXP, GRISEXP, GSCAEXP)
Where;
RGDP = Real Gross Domestic Product
GRDDEXP = Government recurrent defence
spending
GRISEXP = Government recurrent internal security
spending
GSCAEXP = Government security capital spending
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Therefore the models for this study is given below
RGDP = f( (DEF)
RGDP = f( (SEC)
HDI = f (DEF)
HDI = f(SEC)
While the econometrics form of the models were
written as;
RGDP = α0 +α1DEF + α2SEC + µt
HDI = α0 +α1DEF + α2SEC + µt
Where;
RGDP = Gross Domestic Product
HDI=Human Development Index
DEF=Government recurrent expenditure on defence
SEC= Government recurrent expenditure on internal
security
RESULTS AND DISCUSSION
Descriptive statistics was used to explain the characteristics of the variables in the model. The mean and the
standard deviation of any given set of data are usually reported together, though standard deviation in most cases
is a measure of uncertainty .They measure how spread out a trend is in a set of data. A high standard deviation of
any given set of data indicates that the data points are far from the mean and a low standard deviation indicates
that the data points tend to be very close to the mean. Table 1 shows the summary of descriptive statistics used in
the analysis. The mean value was shown to be 45424.97 for RGDP, 0.494704 for HDI, 208.9030 for SEC and
177.2437 for DEF. The median value was shown to be 43385.88 for RGDP, 0.492000 for HDI, 181.2900 for
SEC and 76.30000 for DEF. The standard deviation for RGDP, HDI, SEC and DEF were 18694.47, 0.031272,
197.7182 and 178.6432 respectively.
Table 1: Descriptive Statistics
Mean Median Maximum Minimum Std.Dev Obs
RGDP 45424.97 43385.88 71387.83 21660.49 18694.47 27
HDI 0.494704 0.492000 0.548000 0.459000 0.031272 27
SEC 208.9030 181.2900 668.6300 4.400000 197.7182 27
DEF 177.2437 76.30000 588.9900 4.210000 178.6432 27
Source: Author’s Computation
4.1. Unit Root Test
Augmented Dickey-Fuller (ADF)
Augmented Dickey-Fuller (ADF) unit root test was conducted in order to determine whether there are unit roots
or stationary series. In conducting this test, the Augmented Dickey-Fuller (ADF) unit root test with intercept
would be employed to determine the stationarity of data.
Table 2: ADF Test Result at Level: Intercept
Variables ADF Test Statistic Test Critical Value at 1% Test Critical Value at 5% Remarks
RGDP -0.0598 (0.94) -3.711457 -2.981038 Not Stationary
HDI 3.080021(1.00) -3.711457 -2.981038 Not Stationary
SEC 0.960796 (0.99) -3.711457 -2.981038 Not Stationary
DEF 1.149548 (0.99) -3.711457 -2.981038 Not Stationary
Source: Output Data via E-views 9.0
Table 3: ADF Test Result at 1st
DIFF: Intercept
Variables ADF Test Statistic Test Critical Value at 1% Test Critical Value at 5% Remarks
RGDP -2.093343 (0.24) -3.724070 -2.986225 Not Stationary
HDI -2.070487 (0.25) -3.724070 -2.986225 Not Stationary
SEC -5.081632(0.00) -3.724070 -2.986225 Stationary
DEF -4.562415 (0.00) -3.724070 -2.986225 Stationary
Source: Output Data via E-views 9.0
Table 4: ADF Test Result at 2nd
DIFF: Intercept
Variables ADF Test Statistic Test Critical Value at 1% Test Critical Value at 5% Remarks
RGDP -4.918598 (0.00) -3.737853 -2.991878 Stationary
HDI -6.532201 (0.00) -3.737853 -2.991878 Stationary
SEC -5.696803(0.00) -3.737853 -2.991878 Stationary
DEF -6.474546 (0.00) -3.737853 -2.991878 Stationary
Source: Output Data via E-views 9.0
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Unit root test in Table 2 shows that none of the variables were stationary on level. Table 3 shows that SEC and
DEF were stationary at 1st
difference while table 4 indicates that all the variables were stationary at 2nd
difference. This indicates that the variables were stationary at I(I) and I(2) which necessitated the use of Vector
Autoregressive Estimates (VAR) to determine the effect of dependent variables (RGDP) and (HDI) on the
independent variables recurrent government expenditure on defence and internal security.
4.2. Multicollinearity Test
Correlation indicates the degree of association between variables. It assesses the extent and strength of the
association between two variables. The result as presented in the table 3 showed that most of the variables
employed are highly correlated and that there is significant correlation between the variables used in the model
as most of them are not considered insignificant as they are above 50% level of significant. The directions of the
correlation for the study are positive and the study found that there was a positive correlation coefficient between
SEC (0.930), DEF (0.902) and RGDP, while a positive correlation exist between SEC (0.963), DEF (0.936) and
HDI. Hence, there is no suspicion of possible multicollinearity.
Table 5: Multicollinearity Test
RGDP HDI SEC DEF
RGDP 1.000000 0.989825 0.930084 0.902918
HDI 0.989825 1.000000 0.963063 0.936240
SEC 0.930084 0.963063 1.000000 0.976418
DEF 0.902918 0.936240 0.976418 1.000000
Source: Data output via E-views 9.0
4.3. Short Run Relationship
Table 6: Results of Vector Autoregressive Estimates Normalised on RGDP
Parameters Coefficient Standard Error t-statistic
RGDP(-1) 1.547430 0.18538 8.34714
SEC(-1) -1.670934 6.34105 -0.26351
DEF(-1) -15.09923 6.93632 -2.17684
C 1631.298 1332.70 1.22405
Adjusted R-squared = 0.99 F-Statistic = 1097.892
Table 7: Results of Vector Autoregressive Estimates Normalised on HDI
Parameters Coefficient Standard Error t-statistic
HDI(-1) 1.866727 0.16566 11.2686
SEC(-1) -1.48E-06 7.0E-06 -0.26351
DEF(-1) 5.07E-06 7.7E-06 0.65590
C 0.029185 0.02380 1.22639
Adjusted R-squared = 0.99 F-Statistic = 3046.563
The result from Table 6 and table 7 shows that SEC, DEF have negative effect on RGDP while SEC has
negative effect on HDI. RGDP, HDI and C have a positive effect on RGDP and HDI respectively while DEF has
a positive effect on RGDP. A one percent change in one year lag of RGDP and C will results to a positive
change in RGDP by 1.547 percent and 1631.3 percent respectively. Also one percent change in one year lag of
HDI and C will results to a positive change in HDI by 1.90 percent and 0.0291 percent respectively. On the other
hand, a one percent change in one year lag of SEC and DEF will results to negative change in RGDP by -1.7
percent and -15 percent respectively while one percent change in one year lag of SEC will result to a negative
change in HDI. On the performance of the individual variables, the results reveal that only one year lag of DEF
are statistically significant given the high values of t-statistics.
The adjusted R-squared value in table 6 and 7 shows 0.99% about 99% of the variations in RGDP and HDI is
explained by the combined effect of the independent variables. It also implies that the model has good fit in
explaining the relationship. Similarly, the F-statistic which measures the overall significance of the models
showed a high value of 1097.892 and 3046.563 which indicates that the effects of government expenditure on
defence and internal security is statistically significant in Nigeria.
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4.4. Granger Causality Test
Table 8 Pairwise granger causality test on input variable RGDP
Null Hypothesis: Obs F-Statistic Prob.
DEF does not Granger Cause RGDP 25 3.89121 0.0374
RGDP does not Granger Cause DEF 1.48344 0.2508
SEC does not Granger Cause RGDP 25 2.69544 0.0919
RGDP does not Granger Cause SEC 1.26670 0.3034
SEC does not Granger Cause DEF 25 1.26753 0.3032
DEF does not Granger Cause SEC 0.52424 0.5999
Source: Output Data via E-views 9.0
Table 9 Pairwise granger causality test on input variable HDI
Null Hypothesis: Obs F-Statistic Prob.
DEF does not Granger Cause HDI 25 0.38561 0.6850
HDI does not Granger Cause DEF 4.85852 0.0191
SEC does not Granger Cause HDI 25 0.83219 0.4496
HDI does not Granger Cause SEC 5.77864 0.0105
SEC does not Granger Cause DEF 25 1.26753 0.3032
DEF does not Granger Cause SEC 0.52424 0.5999
Source: Output Data via E-views 9.0
Table 8 shows that DEF granger causes RGDP which indicates that there is unilateral causality between DEF
and RGDP with causation moving from DEF to RGDP. The granger causality test in Table 9 indicates that HDI
granger causes SEC since the probability value is less than 5% and the F-statistic is greater than the F-tabulated.
This shows that there is unilateral causality between HDI and SEC within the period of the study.
5. CONCLUSION AND POLICY
IMPLICATION
Defence and internal security has been viewed as an
important element in the economic development and
growth of a nation since no meaningful development
can take place without adequate security. For
investors to be attracted in a country security of life
and property should be guarantee. Insecurity tends to
discourage foreign investors even local investors in
investing in a country.
Various studies have been carried out on the effect of
government expenditure on security and defence in
Nigeria economy. Results from these studies are
conflicting as such the study tends to find out the
effect government expenditure on security on
Nigerian economy from 1994 to 2020. The study
adopted an econometric method of analysis and data
were sourced from the Central Bank of Nigeria
statistical bulletin. Descriptive statistical analysis was
carried out on the data to establish the characteristics
and/or attributes of our datasets , thereafter that the
unit root status of the variables was established and
was discovered to be intergrated at order I(1) and I(2).
This necessitated the use of Vector Autoregressive
Estimates (VAR) models in the study .The result of
the analysis shows that government expenditure on
security and defence has positive but insignificant
effect on Nigeria economy within the period of the
study. The result is consistent with the study of
Amana, Aigbedion & Zubair (2020), Pradhan, Arvin,
Norman & Bhinder (2013), Apansile & Okunlola
(2014) and Olofin (2012). The study therefore agrees
that government expenditure on defence and security
will help improve the economic growth and
development of Nigeria due its effect still remains
insignificant in the country.The study therefore
concludes that there is need for improved security in
the country which will help investment by local and
foreign investors. The result of the Granger causality
test shows that there is a unidirectional causality
between government expenditure on defence and
security on Nigerian economy.
Security situation in the country has discouraged
foreign investors even local investors in investing in
Nigeria as such the study makes the following
recommendations; government should allocate more
funds on defence and security and also design a
device to ensure all the expenditures on Security and
defence are considered guardedly as to consolidate on
the gains already made towards economic growth and
human development . We also recommend that funds
allocated for external defence and internal security
are monitored with a view of ensuring that they are
used specifically for that purpose and not committed
to other use. Nigeria should tackle the insecurity in
the country by increasing its funding on the sector
while investing in security hardware and intelligent
gathering as worsening security challenges in the
country serves as a deterrent to inflow of foreign
capital in the country.
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