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This study uses annual data between 1990 and 2010, and employs Dynamic Ordinary Least Square (DOLS) method to examine what determines poverty level in Nigeria. Unlike many studies, we measure poverty with poverty index generated from combination of per worker agricultural value added, real per capita income and consumption per capita using principal component analysis and common measurement of poverty (i.e. per capita real income). We first remove the trend component of our dependent variables (poverty index), using Butterworth filter and then regressed them on the important variables of interest. The findings show negative relationship between political right in levels and poverty, but positive relationship was found when political right was differenced. This result was not statistically significant. Political terror was found to reduce poverty with statistically significant result in levels when per capita real income was used for poverty, and became positively related with poverty when differenced. The result was statistically significant. We found that civil liberty was positively related to poverty, but the result was not statistically significant. Democracy was noted for reducing poverty with statistically significant result, while the increase in population and poverty were positively related with statistically significant result.

Human capital development is seen as a focal point for pivoting industrial development, for reducing the level of unemployment and increasing the supply of entrepreneurs in any economy. However, the effect of human capital on sustainable industrial development in Nigeria has not been adequately explored. In view of various policies adopted by successive governments to advance industrialization in Nigeria, the study examined the effect human capital development has had on industrial growth in the light of various factors that could have shaped industrial performance. In addition, the different educational enrollment rates were examined to find out if any significant positive impact will be felt in the industrial sector. Time series data covering the period between 1980 and 2010 were used with an appropriate econometric technique. It was discovered that human capital has to a large extent impacted on industry value-added, but in terms of output generated industrially, the effect of human capital remains low in Nigeria.

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The effect of globalization on national economies remain a subject of empirical interest. Owing to the spillovers via globalization effects, a number of economies in the South Asian region have recorded phenomenal economic growth. However, the extent to which economic growth can influence development outcomes remains the issue of interest. Therefore, this study adds to the literature by examining the time and modulative effects of economic globalization on some direct regressors of economic growth. The study focused on eight South Asian countries from 1996 to 2019 for which data on globalization were sourced from Konjunkturforschungsstelle Globalization index, World Governance Indicators and International country risk database. A pooled autoregressive-distributed lag (ARDL) approach was utilized in addressing the objective of this study.Consequently, the findings suggest that while globalization influences economic growth positively, rising interest rates and inflationary pressures can unsustain this influence. Likewise, the modulated estimates show that economic globalization can be utilized as a tool to stimulate investment as well as to check corruption and subsequently sustain economic growth in South Asian economies.