The growth and persistence of fiscal deficits in both the industrialized and developing countries... more The growth and persistence of fiscal deficits in both the industrialized and developing countries in recent times have brought the issue of fiscal deficits into sharp focus. The issues surrounding fiscal deficits are certainly not new, but the economic development of the past ...
Nigeria has been a federation before 1963. This was expected to foster speedy growth and developm... more Nigeria has been a federation before 1963. This was expected to foster speedy growth and development, but military interferences seem to have bedevil this dream. However, an uninterrupted democracy for about 20 years should have produced a significant result, but not much has changed. Many have argued that the need is “true federalism†which includes the re-engineering of the fiscal decentralization structure of the nation, as well as regional control of resources. The debate seems to a call for a paradigm shift from the first-generation theory (FGT) of fiscal federalism to the second generation theory (SGT) of fiscal federalism. This study therefore attempts to empirically assess the state of Nigeria’s fiscal federalism in terms of its impact on economic growth, so as to uphold or refute the claims of the defects in the present status quo. Time series data were employed from different secondary sources. The designed models were estimated using Autoregressive Distributed Lag (A...
This paper investigates the determinants of labour market in Nigeria arising from the economic tr... more This paper investigates the determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. A two-equation model for Nigeria’s labour demand and supply was estimated using the Seemingly Unrelated Regression (SUR). On the supply side, labour force participation is largely determined by its own backward looking expectation and demand elasticities while real minimum wage and population growth were insignificant but positively related to labour force participation. The results also showed that demand was negatively related to labour force supply and the level of the working age population, while capacity utilization and real minimum wage though not significant had positive relationships with demand for labour. Own elasticity was significant and has a positive impact on the demand for labour. It is evident from the results that to fix the disequilibrium in the Nigeria’s labour market, m...
The growth and persistence of fiscal deficits in both the industrialized and developing countries... more The growth and persistence of fiscal deficits in both the industrialized and developing countries in recent times have brought the issue of fiscal deficits into sharp focus. The issues surrounding fiscal deficits are certainly not new, but the economic development of the past ...
Nigeria has been a federation before 1963. This was expected to foster speedy growth and developm... more Nigeria has been a federation before 1963. This was expected to foster speedy growth and development, but military interferences seem to have bedevil this dream. However, an uninterrupted democracy for about 20 years should have produced a significant result, but not much has changed. Many have argued that the need is “true federalism†which includes the re-engineering of the fiscal decentralization structure of the nation, as well as regional control of resources. The debate seems to a call for a paradigm shift from the first-generation theory (FGT) of fiscal federalism to the second generation theory (SGT) of fiscal federalism. This study therefore attempts to empirically assess the state of Nigeria’s fiscal federalism in terms of its impact on economic growth, so as to uphold or refute the claims of the defects in the present status quo. Time series data were employed from different secondary sources. The designed models were estimated using Autoregressive Distributed Lag (A...
This paper investigates the determinants of labour market in Nigeria arising from the economic tr... more This paper investigates the determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. A two-equation model for Nigeria’s labour demand and supply was estimated using the Seemingly Unrelated Regression (SUR). On the supply side, labour force participation is largely determined by its own backward looking expectation and demand elasticities while real minimum wage and population growth were insignificant but positively related to labour force participation. The results also showed that demand was negatively related to labour force supply and the level of the working age population, while capacity utilization and real minimum wage though not significant had positive relationships with demand for labour. Own elasticity was significant and has a positive impact on the demand for labour. It is evident from the results that to fix the disequilibrium in the Nigeria’s labour market, m...
Uploads
Papers by Emmanuel A Onwioduokit