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Feb 13, 2018Open    AccessArticle

Impact of Monetary Policy on Economic Growth in Nigeria

Ajibola Ayodeji, Adeyemi Oluwole
The paper examined the impact of monetary policy on economic growth in Nigeria by developing a model that is able to investigate how monetary policy of the government has affected economic growth through the use of multi-variable regression analysis. We proxied the variables of monetary policy instruments to include: Money Supply (MS), Exchange Rate (ER), Interest Rate (IR), and Liquidity Ratio (LR). Economic growth was represente
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Jan 15, 2018Open    AccessArticle

Economic Reforms and an African Market Economy

Oluremi Ogun
Economic reforms described the collection of policies to re-orientate economic activities in an attempt to re-direct the desired course of evolution of an economy. They were therefore aimed at altering the structure of an economic system for sustainable growth. Economic reforms in Nigeria had their genesis in the structural adjustment program instituted in 1986 to stem the tide of dwindling economic fortunes consequen
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Dec 29, 2017Open    AccessArticle

Botswana’s Age Structural Transition Has Unleashed the Demographic Dividend (DD) Opportunities: Is the Country up to the Task of Capitalising on the DD?

Neo Nkwe, Elizabeth Poloka Mukamaambo, Brothers W. Malema
Through review of available literature and analysis of available data, this paper investigates the nature and process of age structural transition (AST) in Botswana from 1966 to 2016. It provides a comprehensive picture of the age structural transition using the censuses of 1971, 1981, 1991, 2001 and 2011. The theoretical framework used is the Demographic Transition theory and where other appropriate theoretic
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Dec 11, 2017Open    AccessArticle

Comparative Analysis of Multidimensional Welfare Deprivation among Women in Rural and Urban South-South Nigeria

Oladokun Yetunde Olasimbo Mary, Kemisola Omorinre Adenegan, Isaac Busayo Oluwatayo
This study examined multidimensional welfare deprivation of women in rural and urban South-South (SS) Nigeria. Secondary data from Nigeria Demographic Health Survey (NDHS, 2013) was used for this study. A total number of 1965 women in rural and 1275 in urban South SS were covered in the study. Data analysis was done using descriptive statistics and fuzzy analysis. The mean age of women in rural SS was 34 years while in urban SS it
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Nov 14, 2017Open    AccessArticle

The Economics of a College Education

Allan Ornstein
Given the cost of obtaining a college education in the US, resulting in the average debt for undergraduate students ($26,000) and for masters’ students ($50,000), the question arises whether college (tuition and room and board) is worth the cost. Not all college students find jobs. There’s a growing number who are under employed or unemployed. Those that do find jobs often do so at reduced salaries in the m
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Sep 27, 2017Open    AccessArticle

Competitive Advantage of Yemeni Export in the US Market

Saleh Mothana Obadi
This paper explores competitive advantage of Yemeni export in the market of the USA. Yemen has been placed under a special situation since the “Arab Spring” in 2011; therefore, our analyses study the eleven years prior to the war, between 2000 and 2011, and employ 2-digit SITCs to identify the various products for the selected study period. Balassa’s index has been utilized to measure revealed competitive advantage (RCA). This app
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Jul 14, 2017Open    AccessArticle

On Dialectics and the Basic Contradiction in Capitalism

Bruno Jossa
The contradiction which is classified as the severest one in most Marxist analyses of society is the plan-market opposition. From this, it follows that the social order that will rise from the ashes of capitalism upon the solution of this contradiction must be a centrally planned and, hence, non-market system. The author emphasizes that, instead, the existence of a different contradiction whose solution is compatible with the
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May 25, 2017Open    AccessArticle

Events in the Economy

Martin Vlcek
At the time of modeling the Czech macro-economy in the Czech Ministry of finance a non-econometric model was used. Thanks to this it was determined that among some parts of the economic system there exists a communication based upon repeating features—events. Afterward using these events the model was developed with a result to become an important instrument of the department of macroeconomic forecasts in the ministry [1]. At the
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May 18, 2017Open    AccessArticle

A Kind of Neither Keynesian Nor Neoclassical Model (6): The Ending State of Economic Growth

Ming’an Zhan, Zhan Zhan
In traditional macroeconomics argues that the decision and fluctuation of output level is short-term theory, and the growth of output is a long-term theory. The former is determined by the demand; the latter is determined by the production. No one has questioned why the former is determined by production and the latter is determined by demand. This paper argues that the factors that affect the output are the same in the short and
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Apr 26, 2017Open    AccessArticle

A Kind of Neither Keynesian Nor Neoclassical Model (5): The Path of Economic Growth

Zhan Zhan, Ming’an Zhan
Traditional macroeconomic theory is difficult to analyze the long-term growth and short-term decisions of output in a unified model. In this paper, the concept of “unit resource output” is proposed by using the difference of production factors combination on different rays in Cobb-Douglas function, and its maximization condition is derived according to algebraic principle. And then we use this condition to explain the reason why t
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