Modeling the gross domestic product of Nigeria from 1985 to 2018

Makinde, Olusola Samuel; Adepetun, Akinola Oladiran; Oseni, Bamidele Mustapha

doi:10.1080/23737484.2020.1754143

Cited by 3 publications

(3 citation statements)

References 17 publications

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“…The outcome of this is that recent methods, such as autoregressive fractionally integrated moving average (ARFIMA) and its seasonal version (SARFIMA), can produce sporadic results when applied to analyze the crude death rate on BRICS data. This is due to the fact that the use of ARFIMA and SARFIMA requires a long-range dependence series of data (Awe & Gil-Alana, 2019;Makinde et al, 2020).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

A comparative time series analysis of crude mortality rate in the BRICS countries

Awe¹,

Ayeni²,

Sanusi³

et al. 2021

BJE

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Proper research and analysis of mortality dynamics is essential to provide reliable economic information about any country. This paper deals with the historical comparative time series analysis of the mortality rate dynamics in the BRICS countries to determine their economic performances over the years. This article presents stochastic models based on autoregressive integrated moving average (ARIMA (p, d, q)) models of various orders with a view to identifying the optimal and comparative model for the crude death rate (CDR) in the BRICS countries. The ARIMA (p, d, q) models were formulated for the crude death rates in the BRICS countries and the overall annual crude death rate for the period 1960–2018. The optimal choice of ARIMA models of order p and q was selected for each of the series. The results indicate that the ARIMA (2, 2, 0) model was the optimal model for predicting mortality dynamics in the overall BRICS data. In addition, there was a significant decrease in trends (p-value < 2.22e-16) during the study period from 1960 to 2018. In addition, the crude death rate’s data for the BRICS countries proved to be mostly non-linear, non-seasonal and without structural breaks. Finally, the findings of this study were discussed and recognized as having relevant policy implications for forecasting, insurance planning, as well as for disaster or risk reduction in the context of unprecedented global happenings in the post-pandemic era.

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Section: Discussion Of Resultsmentioning

confidence: 99%

A comparative time series analysis of crude mortality rate in the BRICS countries

Awe¹,

Ayeni²,

Sanusi³

et al. 2021

BJE

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show abstract

“…The ability of the government to exercise authority and control, the reliability of its institutions (including the rule of law and the prevention of corruption), and the strength of its legal system are necessary criteria required for confidence amongst the investment communities and to elicit infrastructure investment and development [76]. [77] further opined that the provision of a foundation for enhanced policy and regulation by governments of emerging economies will build a digital inclusion plan to help link rural regions, emphasize the necessity for developing digital skills for the industry 5.0, and guarantee data privacy, will enable those from underprivileged backgrounds equal opportunity to upskill themselves and engage in the digital economy, and promotes inclusion.…”

Section: Implication Of Industry 50 For Emerging Economiesmentioning

confidence: 99%

Twenty-First Century Competencies: About Competencies for Industry 5.0 and the Opportunities for Emerging Economies

Ikenga,

Sijde

2024

Preprint

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Industry 5.0 philosophy recognizes the effectiveness and productivity of the industry sector to add value to society and place workers' comfort as it focal aim . The difference between Industry 5.0 and its predecessors, and unlike Industry 4.0, industry 5.0 thematic principles rely on a tripod of sustainable, human-centric and resilient, these thematic principles underlined the industry 5.0 vision of social value, improving work-safety , application of technology to produce wealth beyond jobs, research and innovation , and strengthen of industrial resilience and competitiveness. But recently, there is a general belief that a perfect storm is brewing for the future of work, brought about by ever-more concerning trends of displacement and low skill levels of workers competencies to handle the new technologies of industry 5.0 in emerging economies. This paper therefore, will discuss the desired twenty-first-century competencies that are needed in the workforce for Industry 5.0, two research questions guided the study to identify these twenty-first-century competencies, and how these competencies can be cultivated and inculcated in the education curriculum and policies of emerging economies and the potential of the adaptation of Industry 5.0 on these emerging economies. the study concluded that emerging economies must possess the ability to create policies that will advance social stability, resource preservation, and climate objectives, which will enable more productive production processes with lower waste and energy usage.

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“…Equally, very few national governments can provide updated and accurate national data on areas such as growth estimates, inflation, food production, education, and healthcare. The rebasing of the Nigerian economy in 2014 is illustrative of the challenges of poor access to data in Africa (Makinde et al, 2020;Ogunyiola & Garba, 2014). The failure to review calculations of Nigeria's GDP for decades, instead of the recommended three to five years interval, saw Nigeria rise to the status of the biggest economy in Africa overnight.…”

Section: Rich Data and Evidence-based Decision Makingmentioning

confidence: 99%

Multilateralism, Developmental Regionalism, and the African Development Bank

Nyadera

Agwanda

Önder

et al. 2022

PaG

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Promoting development in Africa has faced significant challenges partly because of the continent’s peripheral access to global markets as well as its internal geographical limitations on the movement of people, goods, and services. However, the African Development Bank (AfDB) and its “developmental” role has emerged as a practical and tailored approach to Pan-African development, especially in the midst of a growing crisis in global multilateralism. This article argues that the AfDB can be a significant promoter of African development given its unique characteristics, focus areas, and lending style that are different from other multilateral institutions. Using a case-study approach, and by analysing literature on the AfDB, policy papers, and government reports, this study explores the developmental role of the bank and demonstrates its comparative advantage to other multilateral institutions in Africa.

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Modeling the gross domestic product of Nigeria from 1985 to 2018

Cited by 3 publications

References 17 publications

A comparative time series analysis of crude mortality rate in the BRICS countries

A comparative time series analysis of crude mortality rate in the BRICS countries

Twenty-First Century Competencies: About Competencies for Industry 5.0 and the Opportunities for Emerging Economies

Multilateralism, Developmental Regionalism, and the African Development Bank

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