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Monetary Policy Dynamics and the Nigeria’s Global Competitiveness: The Missing Link Agbogun, Oghenekparobo Ernest; Oshiobugie, Omolegie Bruno; Oboro, Oghenero Godday
Journal of Business Management and Economic Development Том 2 № 02 (2024): May 2024
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v2i02.717

Abstract

Despite the series of monetary policies adopted by the Nigerian government over time, the (Nigerian) economy in comparison to other countries in the world like South Africa, the USA, Ghana, and the like is still improvised. Still, inconsistency between monetary policy formulation and implementation remains another major issues yet unattended to. It is in this regards that, the current study is dedicated towards examining the effect of monetary policy dynamics and the Nigeria’s global competitiveness from 1992 to 2021 (i.e., 30 years) using Autoregressive Distributed Lag (ARDL) model. The study disclosed that, the variables are integrated at level and first difference while the ARDL Bound test evidenced that, the series cointegrates. Specifically, monetary policy rate has a positive minimal effect on Nigeria’s global competitiveness, while the CRR improved Nigeria’s global competitiveness significantly. However, both lending rates and exchange rates have a significant negative effect on economic competitiveness. Consequently, the paper concludes that both the cash reserve ratio and the Nigeria’s demeaning state are attributed to the high exchange rate (EXR) and high lending rates. Thus, the paper submits that the current monetary policy rates are sustained and that all DMBS should adhere to the stipulated Cash Reserve Ratio (CRR) since it has improved the Nigeria’s global competitiveness significantly. Lastly, the study confirmed that, the missing link is the policy surmount on the part of the Nigerian government.
Oversea Investment Inflows and Trade Policies in Sub-Saharan African Countries Erhijakpor, A.E.O; Moemeke, S.E; Agbogun, Oghenekparobo Ernest
International Journal of Multidisciplinary Approach Research and Science Том 2 № 03 (2024): International Journal of Multidisciplinary Approach Research and Science
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/ijmars.v2i03.789

Abstract

The paper ascertained the dynamic linkage between overseas investment (Foreign direct investment-FDI & Foreign Portfolio Investment-FPI) inflows and trade openness with emphasis on the SSA Economy. The regressor is overseas investment while the regressed is trade policy measured by trade openness. The study adopted the longitudinal research design. The paper collated data from the World Bank data base, 2021. Specifically, the study sampled 30 SSA countries out of the 48 countries in SSA over the reviewed period of 1992 to 2021. Meanwhile, the study adopted the Robust panel Regression (Panel Corrected Standard Error). The study reported that, FDI inflows has a positive (coefficient value =0.977169) yet significant effect (prob. value = 0.0007<0.05) on trade openness. By implication, FDI inflows are a major predictor of trade openness. In like manner, exchange rate has a positive significant effect on trade openness. However, FPI inflows has a positive (coefficient value = 0.005328) yet insignificant effect (prob. value = 0.7399>0.05). By implication, FPI inflows have direct yet minimal effect on trade openness.  Similarly, high INFR dissuade foreign investors from investing in the economy. On the overall outcomes of the paper conform to cross-country analysis. Hence, the paper concludes that, foreign direct investment is a major overseas investment predictor which causes the SSA economy to be more open to trade. Premised on this, the paper submits that, government agencies and other relevant stakeholders in the SSA economy need to collaborate put in place flexible regulatory laws that guarantee the flows of more foreign direct capital investment into the SSA economy. The study developed a robust economic policy model for African economic policy makers desiring to improve the economic development of their economies through oversea investment inflows and trade openness. The model thus confirmed that, if policies are targeted at addressing the counter-productive effect of inflation and exchange rate interaction on both overseas investment inflows and trade openness, the African economy would be highly developed.
Analysis of Regional Revenue of Palu City for the 2019-2023 Period Diki, Diki; Musdayati, Musdayati; Taqwa, Edhi; Jaya, Andi Herman; Haprin, Nuryana; Ugochukwu, Mmaduabuchi Onwunyi; Agbogun, Oghenekparobo Ernest
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 3 (2025): May 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i3.905

Abstract

Indonesia's regional autonomy policies aim to enhance local fiscal independence, yet most regions, including Palu City, remain heavily dependent on central government transfers. This study analyzes the Local Revenue (Pendapatan Asli Daerah/PAD) of Palu City from 2019 to 2023. The research aims to understand the growth dynamics, contribution, elasticity, and effectiveness of PAD, particularly in the aftermath of the 2018 natural disasters and the Covid-19 pandemic. A quantitative approach was employed using formulas for growth, contribution, elasticity, and effectiveness to analyze secondary data on PAD components. The analysis focused on evaluating fiscal performance and resilience. PAD growth during 2019–2022 showed fluctuations, influenced by the 2018 earthquake, tsunami, and liquefaction, as well as the Covid-19 outbreak in 2021. These events led to decreased tax and retribution contributions and impacted other legitimate revenues. Elasticity analysis revealed that PAD is elastic which indicating that changes in revenue components significantly affect overall local revenue. Budget effectiveness analysis showed that PAD realization consistently met or exceeded targets. The findings highlight the need for diversification of revenue sources to enhance fiscal resilience. High elasticity values suggest that local financial planning must be adaptive to economic and social changes. The Palu City Government is advised to optimize tax and levy collection, explore alternative revenue streams, and build partnerships with the private sector. In anticipation of future shocks, establishing fiscal risk mitigation strategies such as reserve funds are essential. Effective budget management should continue to be prioritized through efficient expenditure practices.