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All Journal Quantitative Economics and Management Studies Daengku: Journal of Humanities and Social Sciences Innovation
Onyekwere, Sixtus Cyprian
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Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Other

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The Relationship Between Financial Development and Economic Growth in The United Kingdom: A Granger Causality Approach Wesiah , Samuel; Onyekwere, Sixtus Cyprian
Quantitative Economics and Management Studies Vol. 2 No. 1 (2021)
Publisher : Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (496.442 KB) | DOI: 10.35877/454RI.qems258

Abstract

This study aims to investigate the causal relationship between financial development and economic growth in the UK using quarterly data from 1963q1 to 2015q1. Three variables were used as proxies for financial sector development, namely, ratios of broad money supply to GDP, ratios of private sector credit to GDP and the ratios of stock market capitalization to GDP. Economic growth was measured using real GDP per capita. In order to achieve stated aim, the study employed the Johansen Cointegration test and the Granger causality test within a vector error correction framework (VEC) to test for the existence (or not) of a long run relationship as well as the direction of causality between financial development and economic growth. The result from the Cointegration test indicates that there is a stable long run equilibrium relationship between financial development and economic growth in the UK. The Granger causality test presents evidence of a bidirectional causality. This suggests that financial development and economic growth are mutually causal, that is, causality runs from both side which is in line with the feedback hypothesis in the literature which argue that financial development and economic growth exhibits a two-way causal relationship. In terms of each individual variable, the study finds that while bank credit to the private sector and stock market capitalisation Granger cause GDP per capita, GDP per capita on the other hand, Granger causes broad money supply.
Inward Foreign Direct Investments (FDI) and Location Choice Determinants: Empirical Evidence from India Onyekwere, Sixtus Cyprian; Otuyelu, Oludamilola
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 1 No. 2 (2021)
Publisher : Lembaga Penelitian dan Pengembangan Teknologi dan Rekayasa, Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (602.107 KB) | DOI: 10.35877/454RI.daengku580

Abstract

The main purpose of this research was to determine the nature of the relationship between inward FDI flow into India and selected sets of FDI location determinants. The paper also investigates the exact impact of the individual FDI location determinants on inward FDI flow into India. Following these objectives, eight variables relating to the inward FDI locational advantage theory were selected, with data running from 1965-2018. The investigated location determinants for inward FDI include tax, market size (GDP), a measure of market potential (GDPPC), human capital (education), wage cost, Ease of Doing Business (DB), and measure of economic progress (GDP growth). The method of data analysis involved the application of OLS regression, taking note of the necessary assumptions for the use of OLS. The results of the study indicate that GDP growth is the only significant FDI location determinant in India, with a positive impact of about 0.57. This implies that the Indian government should prioritise policies that seek to boost GDP
Demographic Dividend in Sub-Saharan Africa (SSA): A Far-Fetched Dream? Onyekwere, Sixtus Cyprian
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 2 (2022)
Publisher : Lembaga Penelitian dan Pengembangan Teknologi dan Rekayasa, Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1021.437 KB) | DOI: 10.35877/454RI.daengku579

Abstract

This research was set out to assess whether ‘demographic dividend’ is a far-fetched dream for most countries in Sub Saharan Africa. To achieve this aim, the research draws from a wide range of secondary sources, including data from publications as well as past research and evidence gathered from this study shows that the Sub-Saharan Africa (SSA) region is still at the early stage of demographic transition thereby lagging when compared to other regions. The research concluded by aligning with the position that achieving demographic dividend may be a far-fetch dream for most countries in the Sub Saharan African region. Some policy recommendations were made with key emphasis on education, dulling out of modern and safe contraception, bridging the gap of gender inequality and investing in social amenities.
Board Diversity and Firm Performance: Panel Data Evidence from 12 Selected Commercial Banks in Nigeria Onyekwere, Sixtus Cyprian; Babangida, Nafisah I.
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 1 (2022)
Publisher : Lembaga Penelitian dan Pengembangan Teknologi dan Rekayasa, Yayasan Ahmar Cendekia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (884.078 KB) | DOI: 10.35877/454RI.daengku587

Abstract

Motivated by the continuous but inconclusive and ambiguous evidence on the relationship between board diversity and financial performance, this study aimed at providing new evidence that will enhance the state of knowledge by establishing if board diversity affects the financial performance of listed Banking institutions in Nigeria. The key dependent variables of interest were Return on Assets (ROA) and Return on Equity (ROE) and the independent variables of interest were board gender diversity and board independence. The study sampled 12 listed banks from the Nigerian stock exchange and relied on secondary data from the Bloomberg database and the annual reports of the banking institutions. Panel data methodology was used to analyse the data for the period under review (2015-2019). The results of the study indicated that board gender diversity has a significant positive impact on both ROA and ROE of the banking institutions. Conversely, the findings of the study indicated that board independence has a significant negative impact on both ROA and ROE of banking institutions. The findings of this study are related to Agency and Resource dependence theories and will contribute to meaningful policy reforms that can improve corporate governance, especially in the banking industry. The results of the study strongly recommend the need to increase the number of female directors on the boards of banking institutions. The study further recommends ways in which the contributions of both female and independent directors can be promoted in other to benefit from their presence on the board.
Co-Authors Babangida, Nafisah I. Otuyelu, Oludamilola Wesiah , Samuel