Foreign Capital Inflows and Unemployment in Nigeria: A New Evidence from ARDL-Bounds Testing Approach

Orji, Anthony; Ogbuabor, Jonathan E.; Nwosu, Emmanuel O.

doi:10.18488/journal.62.2018.56.176.188

Cited by 10 publications

(3 citation statements)

References 9 publications

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“…More so, most of the conventional multi-variate co-integrational tests which are most appropriate for large samples, the ARDL bounds test is suitable for a small sample size. Finally, according to Pesaran, Shin, and Smith (2001) ARDL generally provides unbiased estimates of the long run model and valid t-statistic even when some of the regressors are endogenous.Other studies that have also adopted this model include; Anthony-Orji, Orji, Ogbuabor, and Nwosu (2019), Anthony-Orjis, Orji, Ogbuabor, and Nwosu (2018) and Orji, Ogbuabor, and Anthony-Orji (2016). Equation 1 can be modified into an economic model as shown below: ) Econometrically, Equation 2 could be modified as thus; ) However, Equation 3 can further be modified into the general form of Auto-Regressive Distributed Lag model, i.e.…”

Section: Methodsmentioning

confidence: 99%

Cash Reserve Requirement and Credit to SMEs in Nigeria: An ARDL Bounds Test Aproach

Gbuabor

Ugwu

Orji

2019

Journal of Asian Business Strategy

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This study estimated the impact of Cash Reserve Requirement on Credit to SMEs in both short run and long run in Nigeria. ARDL model was used to capture both objectives. The variables used were annual data from 1981-2017. The study found that Cash Reserve Ratio has an insignificant impact on Credit to SMEs in both short run and long run in Nigeria. Secondly, it was found that Lending Interest Rate has a negative but significant impact on Credit to SMEs. The study therefore suggested that banks and government should not concentrate on the use of Cash Reserve Ratio only in a bid to increase credit to SMEs in Nigeria. However, there is need to regulate the commercial banks' asset base to increase their Liquidity Ratio so as to increase access to credit by the SMEs. Again, government as a matter of necessity should appropriate and monitor the judicious disbursement of interest-free loans/credit to the SMEs in Nigeria as these would boost productivity and the Nigerian economy in the long run. Contribution/ Originality: This study contributes to existing literature by investigating the relationship between cash reserve ratio and SMEs in Nigeria using the ADRL approach.

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Section: Methodsmentioning

confidence: 99%

Cash Reserve Requirement and Credit to SMEs in Nigeria: An ARDL Bounds Test Aproach

Gbuabor

Ugwu

Orji

2019

Journal of Asian Business Strategy

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“…UMK developed a dynamic part in outlining business enterprise programs for the undergraduates. These parts incorporate giving physical abilities and advances to students to begin their own particular business, systems administration, and enterprise preparing (Al Mamun, Nawi, & Shamsudin, 2016;Onyinye, Jonathan & Emmanuel 2018). UMK offers 12 credits of entrepreneurial courses over the faculties which is at least 10% of the program material's built up learning in business training that consolidates the truth experiences and also contextual examples of achievement stories shared by successful business people.…”

Section: Literature Reviewmentioning

confidence: 99%

Entrepreneurial Logistics Education in Institutions of Higher Learning: The Case of Universiti Malaysia Kelantan

Redzuan¹,

Ibrahim²,

Hussein³

2019

RWE

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In recent times, the unemployment rate has been reported increasing as year passes as well as the nation's economy been fluctuating (Department of Statistics Malaysia, 2016). Besides that, from the survey, it has been noted that students that eager to step into entrepreneurship field were insufficient to cope up with nation's Gross Domestic Product (GDP). Therefore, the main objective of the research is to determine the number of logistics students possesses entrepreneurship personality. In addition, to identify whether the program offered could shift the mindset of logistics students become an entrepreneur as well as to provide suggestion to UMK in order to sustain the logistics program, survey was done in Universiti Malaysia Kelantan (UMK) City Campus, where 123 respondents were chosen out of 180 fourth year logistics students referring to Krejcie and Morgan table. Convenience sampling has been used to determine the sample size. The data was collected using a quantitative method where the questionnaires were designed using Holland Test Occupational Theme Model. Descriptive analyses were conducted to analyze the data obtained. From the finding, it's proven that majority of logistics students are interested in becoming an entrepreneur as well as the entrepreneurial education offered by UMK is fitted in instilling plus producing more entrepreneur undergraduates especially in Logistics and Distributive Trade program.

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“…Capital Inflows and other investments should be channeled to productive ends to contribute to economic growth and job creation (Anthony- Orji et al, 2018). This will help in closing the savings-investment and encourage economic growth in Nigeria.…”

Section: Policy Recommendationsmentioning

confidence: 99%

Disaggregated Foreign Capital Inflows and Economic Growth in a Developing Economy: Empirical Evidence from Nigeria

Orji

Ogbuabor

Nwosu

2018

Journal of Empirical Studies

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This study estimates the impact of Foreign Capital Inflows on economic growth in Nigeria from 1986Q1 -2014Q4. For empirical analysis, the paper adopts the Auto-Regressive Distributed Lag-Unrestricted Error Correction Model (ARDL-UECM). Empirical evidence from the ARDL-bounds Co-integration Test shows there is cointegration between Economic Growth (proxied by Growth rate of Real Gross Domestic Product) and Foreign Capital Inflows (disaggregated into Foreign Direct Investment, Foreign Portfolio Investment and Workers' Remittances) in Nigeria. The results also show that apart from remittances, other components of Foreign Capital Inflows have significant impact on Economic Growth in Nigeria. The study therefore recommends that Government should, alongside other economic activities, provide an enabling economic environment for more Foreign Capital Inflows. Also the financial sector should be improved so that workers' remittances can be efficiently tracked through the banking channels and also put to productive use. This is how to minimize the negative impact of workers' remittance inflows into Nigeria.Contribution/Originality: This study contributes to existing literature as one of the recent empirical papers that focus on the disaggregated impact of Foreign Capital Inflows on economic growth in Nigeria using the framework of the Auto-Regressive Distributed Lag-Unrestricted Error Correction Model (ARDL-UECM).

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Foreign Capital Inflows and Unemployment in Nigeria: A New Evidence from ARDL-Bounds Testing Approach

Abstract: Article History

Cited by 10 publications

References 9 publications

Cash Reserve Requirement and Credit to SMEs in Nigeria: An ARDL Bounds Test Aproach

Cash Reserve Requirement and Credit to SMEs in Nigeria: An ARDL Bounds Test Aproach

Entrepreneurial Logistics Education in Institutions of Higher Learning: The Case of Universiti Malaysia Kelantan

Disaggregated Foreign Capital Inflows and Economic Growth in a Developing Economy: Empirical Evidence from Nigeria

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