Faculty of Social & Management Sciences

Permanent URI for this facultyhttps://ir.uat.edu.ng/home/handle/123456789/9

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    A Vector Error Correction Model Analysis of the Interrelationships among Globalization, Health and Macroeconomic Outcomes in Nigeria
    (Department of Economics, Federal University of Lafia, Nigeria, 2021-02-06) Francis Ilenloa Igberaese1 & Onyinye Ifeoma Ochuba2
    The study ascertains the effects of interrelationships and linkages among the three concepts of globalization, health, and macroeconomic outcomes in Nigeria using the Vector Error Correction Model. It also finds among others that openness, FDI, which are measures of globalization and malaria prevalence, a direct measure of health and economic growth has no significant effect on the exchange rate, and that economic growth, exchange rate, measures of macroeconomic outcomes, FDI, and malaria prevalence have no significant impact on trade openness. It recommends among others that attempts to grow one sector should not lose foresight of the others and that efforts to make Nigeria’s economy benefit from globalization should focus more on stimulating FDI than participating in trade openness. More vigorous efforts should be put into the fight against, and treatment of malaria in the country
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    Demorgraphic Transition Variables and Economic Outcomes in Nigeria
    (INTERNATIONAL JOURNAL OF RESEARCH AND SCIENTIFIC INNOVATION (IJRSI), 2023-03-10) Onyinye Ifeoma Ochuba and Sigah Donny Marclary Ayibazuomuno
    The study examined the theory of demographic transition in the context of the Nigerian economy. This follows findings from literature that population in its entity does not translate to economic growth, rather specific demographic partitions. Using such demographic transition theory variables as Birth Rate, Death Rate, Female Primary School Enrollment (proxy for education) and Mobile Cellular Subscription (proxy for technology) as explanatory variables and Gross Domestic Product (proxy for economic growth) as dependent variable, the study adopted the econometric tools of ADF unit root test, Johansen Cointegration test and Parsimonious ECM to treat data from World Bank indicators and Central Bank of Nigeria statistical bulletin for a period of 30 years (1990 – 2019). The data output confirms a positive but insignificant relationship between birth rate and economic growth. Technology has a positive and significant relationship with economic growth while education and death rate have negative relationship with economic growth. The study suggests amongst other things adoption and deliberate investment in technological advancement in Nigeria, complete overhaul of the primary school system in country as this is the bedrock of education world over. Also, adequate investment should be made in the health sector to improve the current health outcomes which have resulted in very high death rate.