Nigeria - U.S. Trade Relations in the Non-Oil Sector

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Author :
Publisher : Universal-Publishers
ISBN 13 : 1599427036
Total Pages : 199 pages
Book Rating : 4.5/5 (994 download)

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Book Synopsis Nigeria - U.S. Trade Relations in the Non-Oil Sector by : Gbadebo Olusegun Odularu

Download or read book Nigeria - U.S. Trade Relations in the Non-Oil Sector written by Gbadebo Olusegun Odularu and published by Universal-Publishers. This book was released on 2008-11 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: In as much as trade fosters economic development, it also exacerbates poverty, especially in the sub Saharan African (SSA) countries. Against this backdrop, this study will increase our understanding of the estimation of non-oil commodity trade flows between Nigeria and the U.S. More specifically, the study aims to analysing the impact of African Growth Opportunity Act (AGOA) on the U.S. imports of non-oil products from Nigeria. The research objectives are woven around the following questions: - What is the nature of Nigeria's and the U.S.'s foreign trade policies with particular reference to non-oil trade? - What are the patterns, magnitude, composition and trends in Nigeria-US non-oil trade? - Which economic sectors possess greatest potential for fostering trade in the non-oil sector between Nigeria and the U.S.? - What is the impact of AGOA on the diversification and growth of non-oil exports in Nigeria? This study adopts the difference-in-differences (DiD) as the research methodology. Within the Nigerian context, DiD intuitively compares the trends in imports of AGOA non-oil products before and after AGOA with the pattern of imports of non-AGOA non-oil products before and after AGOA, controlling for the timing of AGOA, import capacity and economic performance of both U.S. and Nigeria. Using the World Trade Organisation (WTO) Integrated Data Base (IDB), the empirical analysis reveals that AGOA non-oil products increased by as much as 182 percent with the implementation of AGOA, while the non-AGOA non-oil products fell by 76 percent. Conclusively, AGOA has had a considerably positive impact on the Nigerian non-oil sector at the general level. The policy implication of the empirical analysis is the need for the U.S. to expand the product coverage and opportunities of AGOA non-oil products in order for AGOA to achieve its objectives of using trade as a potent tool for promoting economic growth in SSA.

A Model of Growth Through Creative Destruction

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Publisher : London : Department of Economics, University of Western Ontario
ISBN 13 : 9780771411168
Total Pages : 0 pages
Book Rating : 4.4/5 (111 download)

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Book Synopsis A Model of Growth Through Creative Destruction by : Philippe Aghion

Download or read book A Model of Growth Through Creative Destruction written by Philippe Aghion and published by London : Department of Economics, University of Western Ontario. This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a model based on Schumpeter's process of creative destruction. It departs from existing models of endogenous growth in emphasizing obsolescence of old technologies induced by the accumulation of knowledge and the resulting process or industrial innovations. This has both positive and normative implications for growth. In positive terms, the prospect of a high level of research in the future can deter research today by threatening the fruits of that research with rapid obsolescence. In normative terms, obsolescence creates a negative externality from innovations, and hence a tendency for laissez-faire economies to generate too many innovations, i.e too much growth. This "business-stealing" effect is partly compensated by the fact that innovations tend to be too small under laissez-faire. The model possesses a unique balanced growth equilibrium in which the log of GNP follows a random walk with drift. The size of the drift is the average growth rate of the economy and it is endogenous to the model ; in particular it depends on the size and likelihood of innovations resulting from research and also on the degree of market power available to an innovator.

The Palgrave Handbook of Agricultural and Rural Development in Africa

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Publisher : Springer Nature
ISBN 13 : 3030415139
Total Pages : 670 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis The Palgrave Handbook of Agricultural and Rural Development in Africa by : Evans S. Osabuohien

Download or read book The Palgrave Handbook of Agricultural and Rural Development in Africa written by Evans S. Osabuohien and published by Springer Nature. This book was released on 2020-07-06 with total page 670 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook examines agricultural and rural development in Africa from theoretical, empirical and policy stand points. It discusses the challenges of the United Nations Sustainable Development Goals (SDGs) and assesses how poverty and other development concerns can be addressed in rural communities through agricultural transformation. Additionally, the handbook extends the Post-2015 Development Agenda and it emphasizes the importance of the agricultural sector as it is closely related to the issues of food sustainability, poverty reduction, and employment creation. The contributors suggest multiple evidence-based policies to develop the rural areas through the transformation of the agricultural sector which can significantly benefit the African continent.

Export Instability and the External Balance in Developing Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145192772X
Total Pages : 30 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Export Instability and the External Balance in Developing Countries by : Mr.Atish R. Ghosh

Download or read book Export Instability and the External Balance in Developing Countries written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 1994-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty about the export earnings accruing to a country (sometimes referred to as export instability) is an important source of macroeconomic uncertainty in many developing countries. Theory predicts that countries should react to increases in this form of uncertainty by increasing their level of savings. The resulting asset accumulations would then act as the country’s insurance against the greater riskiness in its income stream. The paper tests this implication for a large sample of developing countries. In general, the results suggest that developing countries have indeed responded to increases in export instability by building up precautionary savings balances.

Oil Wealth and Development in Uganda and Beyond

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Publisher : Leuven University Press
ISBN 13 : 9462702004
Total Pages : 396 pages
Book Rating : 4.4/5 (627 download)

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Book Synopsis Oil Wealth and Development in Uganda and Beyond by : Arnim Langer

Download or read book Oil Wealth and Development in Uganda and Beyond written by Arnim Langer and published by Leuven University Press. This book was released on 2020-01-07 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multidisciplinary perspectives to governance of oil in African countries Large quantities of oil were discovered in the Albertine Rift Valley in Western Uganda in 2006. The sound management of these oil resources and revenues is undoubtedly one of the key public policy challenges for Uganda as it is for other African countries with large oil and/or gas endowments. With oil expected to start flowing in 2021, the current book analyses how this East African country is preparing for the challenge of effectively, efficiently, and transparently managing its oil sector and resources. Adopting a multidisciplinary, comprehensive, and comparative approach, the book identifies a broad scope of issues that need to be addressed in order for Uganda to realise the full potential of its oil wealth for national economic transformation. Predominantly grounded in local scholarship and including chapters drawing on the experiences of Nigeria, Ghana, and Kenya, the book blazes a trail on governance of African oil in an era of emerging producers. Oil Wealth and Development in Uganda and Beyond will be of great interest to social scientists and economic and social policy makers in oil-producing countries. It is suitable for course adoption across such disciplines as International/Global Affairs, Political Economy, Geography, Environmental Studies, Economics, Energy Studies, Development, Politics, Peace, Security and African Studies. Contributors: Badru Bukenya (Makerere University), Moses Isabirye (Busitema University), Wilson Bahati Kazi (Uganda Revenue Authority), Corti Paul Lakuma (Economic Policy Research Centre), Joseph Mawejje (Economic Policy Research Centre), Pamela Mbabazi (Uganda National Planning Authority), Martin Muhangi (independent researcher), Roberts Muriisa (Mbarara University of Science and Technology), Chris Byaruhanga Musiime (independent researcher), Germano Mwabu (University of Nairobi), Jackson A. Mwakali (Makerere University), Tom Owang (Mbarara University of Science and Technology), Joseph Oloka-Onyango (Makerere University), Peter Quartey (University of Ghana), Peter Wandera (Transparency International Uganda), Kathleen Brophy (Transparency International Uganda), Jaqueline Nakaiza (independent researcher), Babra Beyeza (independent researcher), Jackson Byaruhanga (Bank of Uganda), Emmanuel Abbey (University of Ghana).

Nigeria's Non-oil Exports

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Nigeria's Non-oil Exports by : Inutu Lukonga

Download or read book Nigeria's Non-oil Exports written by Inutu Lukonga and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nigeria

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484345541
Total Pages : 92 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Nigeria by : International Monetary Fund. African Dept.

Download or read book Nigeria written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-03-07 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes mobilization of tax revenues in Nigeria. Low non-oil revenue mobilization is affecting the government’s objectives to expand growth-enhancing expenditure priorities, foster higher growth, and comply with its fiscal rule which limits the federal government deficit to no more than 3 percent of GDP. There is significant revenue potential from structural tax measures. A broad-based and comprehensive tax reform program is needed in the short and medium term to address these objectives and generate sustainable revenue growth by broadening the bases of income and consumption taxes, closing loopholes and leakage created by corporate tax holidays and the widespread use of other associated tax expenditures, as well as creating incentives for the subnational tiers of government to raise their own source revenues.

Is the Export-led Growth Hypothesis Valid for Developing Countries?

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Publisher : United Nations Conference on Trade and Development
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Is the Export-led Growth Hypothesis Valid for Developing Countries? by : Emilio J. Medina-Smith

Download or read book Is the Export-led Growth Hypothesis Valid for Developing Countries? written by Emilio J. Medina-Smith and published by United Nations Conference on Trade and Development. This book was released on 2001 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The export-led growth hypothesis (ELGH) postulates that export growth is one of the determinants of economic growth. This study tests the hypothesis by examining the economy of Costa Rica, using data going back to 1950. It found that although exports had a positive effect on growth, their impact was relatively. It thus challenges some of the empirical literature on ELGH and expresses doubts about using exports as a comprehensive development strategy.

Handbook of Financial Time Series

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3540712976
Total Pages : 1045 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Handbook of Financial Time Series by : Torben Gustav Andersen

Download or read book Handbook of Financial Time Series written by Torben Gustav Andersen and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 1045 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Financial Time Series gives an up-to-date overview of the field and covers all relevant topics both from a statistical and an econometrical point of view. There are many fine contributions, and a preamble by Nobel Prize winner Robert F. Engle.

The Price of Oil

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Publisher : Human Rights Watch
ISBN 13 : 9781564322258
Total Pages : 230 pages
Book Rating : 4.3/5 (222 download)

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Book Synopsis The Price of Oil by : Bronwen Manby

Download or read book The Price of Oil written by Bronwen Manby and published by Human Rights Watch. This book was released on 1999 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attempts to Import Weapons

Oil Windfalls

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Publisher : Oxford University Press
ISBN 13 : 9780195207743
Total Pages : 376 pages
Book Rating : 4.2/5 (77 download)

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Book Synopsis Oil Windfalls by : Alan H. Gelb

Download or read book Oil Windfalls written by Alan H. Gelb and published by Oxford University Press. This book was released on 1988 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the full impact of oil windfalls on six developing producer countries - Algeria, Ecuador, Indonesia, Nigeria, Trinidad and Tobago, and Venezuela. This is the first time that the issue has been systematically analysed and related to economics policies and underlying macroeconomic characteristics. The book adopts a broad approach, blending institutional and political aspects with quantitative analysis which includes the results of sophisticated model simulations. It presents new information on how oil discoveries have been used by producer governments, and analyses of the consequences. Finally it concludes that much of the potential benefit to producers has been dissipated, and explains why producers may actually end up worse off despite revenue gains.

Low-Carbon Development

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Publisher : World Bank Publications
ISBN 13 : 0821399268
Total Pages : 189 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Low-Carbon Development by : Raffaello Cervigni

Download or read book Low-Carbon Development written by Raffaello Cervigni and published by World Bank Publications. This book was released on 2013-08-05 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Government of Nigeria has adopted an ambitious strategy to make Nigeria the world’s 20th largest economy by 2020. Sustaining such a pace of growth will entail rapid expansion of the level of activity in key carbon-emitting sectors, such as power, oil and gas, agriculture and transport. In the absence of policies to accompany economic growth with a reduced carbon foot-print, emissions of greenhouse gases could more than double in the next two decades. This study finds that there are several options for Nigeria to achieve the development objectives of vision 20:2020 and beyond, but stabilizing emissions at 2010 levels, and with domestic benefits in the order of 2 percent of GDP. These benefits include cheaper and more diversified electricity sources; more efficient operation of the oil and gas industry; more productive and climate –resilient agriculture; and better transport services, resulting in fuel economies, better air quality, and reduced congestion. The study outlines several actions that the Federal Government could undertake to facilitate the transition towards a low carbon economy, including enhanced governance for climate action, integration of climate consideration in the Agriculture Transformation Agenda, promotion of energy efficiency programs, scale-up of low carbon technologies in power generation (such as renewables an combined cycle gas turbines), and enhance vehicle fuel efficiency.

Global Implications of Lower Oil Prices

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Publisher : International Monetary Fund
ISBN 13 : 151357227X
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Implications of Lower Oil Prices by : Mr.Aasim M. Husain

Download or read book Global Implications of Lower Oil Prices written by Mr.Aasim M. Husain and published by International Monetary Fund. This book was released on 2015-07-14 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Wellbeing Economy

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Publisher : Pan Macmillan South africa
ISBN 13 : 1770105182
Total Pages : 246 pages
Book Rating : 4.7/5 (71 download)

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Book Synopsis Wellbeing Economy by : Lorenzo Fioramonti

Download or read book Wellbeing Economy written by Lorenzo Fioramonti and published by Pan Macmillan South africa. This book was released on 2017-08-04 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is a constant mantra of politicians, economists and the media. Few understand what it is, but they love and follow it blindly. The reality is that since the global financial crisis, growth has vanished in the more industrialised economies and in the so-called developing countries. Politicians may be panicking, but is this really a bad thing? Using real-life examples and innovative research, acclaimed political economist Lorenzo Fioramonti lays bare society’s perverse obsession with economic growth by showing its many flaws, paradoxes and inconsistencies. He argues that the pursuit of growth often results in more losses than gains and in damage, inequalities and conflicts. By breaking free from the growth mantra, we can build a better society that puts the wellbeing of all at its centre. A wellbeing economy would have tremendous impact on everything we do, boosting small businesses and empowering citizens as the collective leaders of tomorrow. Wellbeing Economy is a manifesto for radical change in South Africa and beyond.

Nigeria and Indonesia

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Author :
Publisher : World Bank Publications
ISBN 13 : 0195209869
Total Pages : 482 pages
Book Rating : 4.1/5 (952 download)

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Book Synopsis Nigeria and Indonesia by : David Bevan

Download or read book Nigeria and Indonesia written by David Bevan and published by World Bank Publications. This book was released on 1999 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes economic developments of Indonesia and Nigeria during the period 1950-85. It addresses why Indonesia was so much more successful than Nigeria during this period. The book consists of three parts. Part I focuses on Nigeria and part II on Indonesia. The first chapters in each part provide a narrative of the political economy, focusing on the various phases since 1950. This is followed by a chapter summarizing the effects on economic growth and poverty. The large divergences in outcome must be attributed to differences in economic policies. It first considers policies in the factor and product markets that mediated between factor endowments and the growth and distributional outcomes. Then it turns to the broader array of economic policies. Finally, it attempts to relate policies to the underlying political processes and interest groups that generated them. Each part concludes by explaining the salient economic outcomes as a result of both policy and the underlying politics. Part III features a concluding comparison by using economic histories to compare the two countries. First it examines the outcomes, then the policies. Finally it contrasts the political processes and interest groups that it suggests account for these important policy differences.

Liberalizing Foreign Trade

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (187 download)

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Book Synopsis Liberalizing Foreign Trade by : Michael Michaely

Download or read book Liberalizing Foreign Trade written by Michael Michaely and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Nigeria's Criminal Crude

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Author :
Publisher : Chatham House (Formerly Riia)
ISBN 13 : 9781862032958
Total Pages : 0 pages
Book Rating : 4.0/5 (329 download)

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Book Synopsis Nigeria's Criminal Crude by : Christina Katsouris

Download or read book Nigeria's Criminal Crude written by Christina Katsouris and published by Chatham House (Formerly Riia). This book was released on 2015-07-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigerian crude oil is being stolen on an industrial scale. Some proceeds are laundered through world financial centers, polluting markets and financial institutions overseas. This report explores what the international community could do about it.