The study specifically investigated the causality between the openness variable and economic growth, using data from the Nigerian economy. Previous studies in Nigeria have interpreted the regression results of output variables on the export trade variable as providing support for trade...

The recent economic crisis had made developing countries to look inward for financial resources to finance development. The readily alternative is the tax revenues, however, the possible adverse direct and indirect effects of the tax on productivity and work efforts as well as on aggregate...

This paper appraises the various approaches that can be used to manage oil resources in order to ensure fiscal sustainability. To do this paper review the macroeconomic condition prevailing before the adoption of Sovereign wealth fund strategy and the various ways the oil resources can be...

The study investigated the causal relationship between FDI, exchange rate and financial market development using quarterly data from Nigeria. This was with a view to determine whether there existed any significant causal nexus was from FDI exchange rate to financial market development or the...

The paper estimated the degree of competitiveness and the main driving forces of the inherent market structure of the Nigerian banking industry. This is with a view to determining the structural implications of recent financial reforms on the banking sector in Nigeria. A unique contribution of...

China remains a key international player in Africa, contributing much more than other countries to the trade and capital inflows to Africa. How these inflows have contributed to the prevailing poverty incidences and severity in Africa remain an empirical issue. The study investigated the short...

The paper examined the role of macroeconomic variables such real investments, trade openness, exchange rate, inflation rate, real per capital income, oil revenue in enhancing economic diversification and preventing resources curse hypothesis. It also established the threshold level for...

This paper contributes to on-going empirical search for an appropriate crude oil price benchmark that ensures greater financial stability and efficient fiscal management in Nigeria. It adopted the seasonally adjusted ARIMA forecasting models using monthly data series from 2000m01 to 2012m12 to...

This study examines long run and causal relationship between fiscal decentralization and economic development in Nigeria using annual data from 1970-2011. Both sub-national expenditures ratio and sub national revenue ratio were used to measure fiscal decentralisation in Nigeria. The result of...

The incursion of COVID-19 into global space has constituted both public health emergency and economic crisis and there is a need to investigate the transmission of the inherent uncertainty associated with this pandemic on stock markets. Based on this, this study investigates the dynamic...