A Lecturer at the Department of Economics, Sule Lamido University Kafin Hausa, Nigeria Phone: +2347033039634 Address: Kofar Fada Garun Gabas, Malam Madori Local Government, Jigawa State
Growth in the rate of a nation's population is linked with increased environmental degradatio... more Growth in the rate of a nation's population is linked with increased environmental degradation. This study analyzed the role of population growth, energy use, GDP, financial progress and trade on environmental degradation in Nigeria by utilizing ARDL technique from 1980–2014. The model bound test result shows a long run association among the variables. The short run estimation indicates that population density; energy resources and financial progress raise the level of environmental degradation. However, output growth reduces environmental pollution in Nigeria. The estimated long run analysis reveals that population growth and financial progress accelerate environmental dilapidation, while trade promote environmental quality. The study suggests that policymakers in Nigeria should design policies that will incorporate population regulation measures, urban decongestion, sensitization and proper awareness to the citizens for environmental quality.
This paper examined the impact of trade openness on economic growth in Nigeria between 1986-2017.... more This paper examined the impact of trade openness on economic growth in Nigeria between 1986-2017. This period is considered relevant because it was the period of structural adjustment programme (SAP) in Nigeria which was aimed at restructuring and diversifying economy base of Nigeria from oil to other sectors of Nigeria via trade openness and foreign direct investment (FDI). A model was formulated to give empirical content to the stated objectives which was analyzed via granger causality and the Vector Error Correction (VEC) Mechanism. The result of the empirical analysis revealed that all the variables are correctly signed except for TOP that is negatively signed and also not statistically significant which signifies that its present state is detrimental to growth in the Nigerian economy. The index of trade openness in the past six years averaged 0.4 is weak which also shows that the volume of trade in Nigeria is low, Our model from the granger causality result shows that trade ope...
eGrowth in the rate of a nation’s population is linked with increased environmental degradation. ... more eGrowth in the rate of a nation’s population is linked with increased environmental degradation. This study analyzed the role of population growth, energy use, GDP, financial progress and trade on environmental degradation in Nigeria by utilizing ARDL technique from 1980–2014. The model bound test result shows a long run association among the variables. The short run estimation indicates that population density; energy resources and financial progress raise the level of environmental degradation. However, output growth reduces environmental pollution in Nigeria. The estimated long run analysis reveals that population growth and financial progress accelerate environmental dilapidation, while trade promote environmental quality. The study suggests that policymakers in Nigeria should design policies that will incorporate population regulation measures, urban decongestion, sensitization and proper awareness to the citizens for environmental quality.
The paper examines the impact of both oil and non-oil foreign direct investment (FDI) on economic... more The paper examines the impact of both oil and non-oil foreign direct investment (FDI) on economic growth in Nigeria for the period 1980. The paper employed ARDL Approach to Cointegration and conditional EC Model in order to ascertain the long run and short-run relationships between the two categories of FDI (oil and non-oil), investment, export and economic growth. Bound cointegration test established that there is long run equilibrium relationship among the variables. Evidence from short run and long run elasticities shows that while non-oil FDI has positive effect on the growth of GDP, oil FDI exerts a negative effect on the economy and this may be due to the high profit repatriation and low level of domestic employment in the subsector. The result further shows that domestic investment has significant positive effect on economic growth, the coefficient of export is also positive although insignificant. In this study, we show that economic growth in Nigeria is largely propel by in...
This study examines the degree and extent of exchange rate pass through into domestic consumer pr... more This study examines the degree and extent of exchange rate pass through into domestic consumer price inflation in the Nigerian economy between 1986Q1 and 2013Q1 using structural vector auto regression (SVAR) methodology. The results from impulse response analysis show that the exchange rate pass through to consumer prices is incomplete, higher in the early decades of the sample and relatively low in the subsequent decades of the sample and below the average range. Yielding a dynamic exchange rate pass through elasticity coefficient of 0.33. Therefore, there seems to be positive relationship between ERPT and inflation for the Nigerian economy: As inflation declines (rises) overtime the ERPT becomes lower (higher). This vindicates a strong evidence that is consistent with Taylor’s (2000) proposition that high or average pass through is associated with high inflation and vice versa. Overall, the results offer supportive evidence in favour of the exchange rate channel, and monetary poli...
Despite the modest achievements recorded by Microfinance Banks in Nigeria, the poverty rate in th... more Despite the modest achievements recorded by Microfinance Banks in Nigeria, the poverty rate in the country remains daunting and that majority of the disadvantaged and economically active poor remain financially excluded. A huge part of the Islamic population particularly in northern part of the country are also reluctant to use conventional Microfinance products due to their incompatibility with Islamic principles, charging high fixed interest rates, credit diversion and the skewed nature of the distribution of Microfinance Banks which further limits financial inclusion in the region . These basic challenges can be resolved if an Islamic Micro-Finance Institution is designed in an integrated manner by incorporating the two basic and traditional institutions of Islam, Awqaf and Zakat with Islamic Micro-finance into a single framework in order to promote financial inclusion and reduce poverty among such population. The proposed model will be effective in poverty alleviation since the...
Dutse Journal of Economics and Development Studies, 2018
his paper examines the impact of trade liberalization and foreign capital investment on economic ... more his paper examines the impact of trade liberalization and foreign capital investment on economic growth in Nigeria using quarterly data covering the period from 1986 to 2016. In contrast to previous studies on the topic, the paper employed a relatively novel estimation technique by considering the effect of structural break on the series and thereafter estimated a dynamic OLS regression after imposing a dummy that account for the structural variation observed within the period under study. The findings suggest that foreign capital investment significantly affect growth in Nigeria and that trade openness facilitate the inflow of foreign capital. The result further suggests that, domestic investment is a complimentary to growth in Nigeria. Thus, the paper concludes that, trade liberalization and foreign capital investment matters for the growth of the Nigerian economy and therefore, suggests the need to ensure appropriate trade liberalization policies that will facilitate more inflow of foreign capital to complement domestic resource gap for rapid growth of the economy.
The study investigates the relationship between Entrepreneurship Development Programs (EDPs) and ... more The study investigates the relationship between Entrepreneurship Development Programs (EDPs) and Youth Employment in Jigawa State, Nigeria for the period (2007-2014). The motivation for the study is due to high rate of youth unemployment in the state with entrepreneurship development seen as one-way of reducing the challenge. Data for the study was collected through the administration of Questionnaire checklist on some selected representative samples of skill acquisition training and fund recipients. An OLS model was used to estimate the relationship between Youth Employment (YE) and the two measures of EDPs. Our result from the regression analysis shows that there is positive relationship between entrepreneurship development program components (training and funding) on the one hand, and youth employment, on the other hand during the period under review which is contrary to some earlier cited works. While the sign of our coefficients are positive suggesting a positive relationship, both the two coefficients are statistically insignificant. Thus, the paper concludes that Entrepreneurship Development Programs through Skills Acquisition in Jigawa State does not adequately support the establishment of entrepreneurial ventures among youth and does not produce the desired level of jobs for the youth. The study therefore recommends that government should involve the private sector in the design and implementation of EDP and that both the level of training and funding should be improved in order to give recipients the necessary skills and funding to start their own businesses.
This study investigates the relationship between government spending on education and economic gr... more This study investigates the relationship between government spending on education and economic growth in Nigeria by applying both Johansen co-integrated test and vector error correction model (VECM) as well as Granger causality test from 1981 to 2013. An annual secondary data was sourced from the CBN statistical bulletin for the empirical analysis. The result of Johansen co-integrated test provides evidence for the long run relationship between GDP and government spending on education. The long run coefficient of both capital and recurrent expenditures are statistically significant and are positively related to growth. The error correction term is also statistically significant which shows that there is no sign of any problem in the adjustment from short run to long run equilibrium. Test for granger causality shows that there is a bidirectional causality between recurrent expenditure and economic growth while a unidirectional causality running from capital expenditure to GDP as a proxy to economic growth. We therefore concludes that both capital and recurrent government spending on education positively influenced economic growth in Nigeria over the period under study and hence the paper recommends that government should increase budgetary allocation on education expenditure in general in order to improve its effect on the growth of the Nigerian economy.
The fight against poverty has been a central plank of development planning in Nigeria since indep... more The fight against poverty has been a central plank of development planning in Nigeria since independence. Observers have unanimously agreed that successive government’s interventions have failed to achieve the objectives for which they were established. It is against this background that the paper examines the various government policies targeted towards poverty alleviation in Nigeria with a view to, come up with policy recommendations for effective and efficient implementation of such policies. Exploration into the literature revealed that governments in power often seek to introduce their own policy and in the process, any other policy inherited from successors are either abandoned absolutely or rendered impotent. There is therefore lack of succession planning and some governments even watch their baby program dying prematurely to give birth to another with different orientation and strategic focus and as such the paper recommends that all programs centered towards poverty alleviation should henceforth be harmonized under the same umbrella, and each unit being accountable and responsible for their actions.
Growth in the rate of a nation's population is linked with increased environmental degradatio... more Growth in the rate of a nation's population is linked with increased environmental degradation. This study analyzed the role of population growth, energy use, GDP, financial progress and trade on environmental degradation in Nigeria by utilizing ARDL technique from 1980–2014. The model bound test result shows a long run association among the variables. The short run estimation indicates that population density; energy resources and financial progress raise the level of environmental degradation. However, output growth reduces environmental pollution in Nigeria. The estimated long run analysis reveals that population growth and financial progress accelerate environmental dilapidation, while trade promote environmental quality. The study suggests that policymakers in Nigeria should design policies that will incorporate population regulation measures, urban decongestion, sensitization and proper awareness to the citizens for environmental quality.
This paper examined the impact of trade openness on economic growth in Nigeria between 1986-2017.... more This paper examined the impact of trade openness on economic growth in Nigeria between 1986-2017. This period is considered relevant because it was the period of structural adjustment programme (SAP) in Nigeria which was aimed at restructuring and diversifying economy base of Nigeria from oil to other sectors of Nigeria via trade openness and foreign direct investment (FDI). A model was formulated to give empirical content to the stated objectives which was analyzed via granger causality and the Vector Error Correction (VEC) Mechanism. The result of the empirical analysis revealed that all the variables are correctly signed except for TOP that is negatively signed and also not statistically significant which signifies that its present state is detrimental to growth in the Nigerian economy. The index of trade openness in the past six years averaged 0.4 is weak which also shows that the volume of trade in Nigeria is low, Our model from the granger causality result shows that trade ope...
eGrowth in the rate of a nation’s population is linked with increased environmental degradation. ... more eGrowth in the rate of a nation’s population is linked with increased environmental degradation. This study analyzed the role of population growth, energy use, GDP, financial progress and trade on environmental degradation in Nigeria by utilizing ARDL technique from 1980–2014. The model bound test result shows a long run association among the variables. The short run estimation indicates that population density; energy resources and financial progress raise the level of environmental degradation. However, output growth reduces environmental pollution in Nigeria. The estimated long run analysis reveals that population growth and financial progress accelerate environmental dilapidation, while trade promote environmental quality. The study suggests that policymakers in Nigeria should design policies that will incorporate population regulation measures, urban decongestion, sensitization and proper awareness to the citizens for environmental quality.
The paper examines the impact of both oil and non-oil foreign direct investment (FDI) on economic... more The paper examines the impact of both oil and non-oil foreign direct investment (FDI) on economic growth in Nigeria for the period 1980. The paper employed ARDL Approach to Cointegration and conditional EC Model in order to ascertain the long run and short-run relationships between the two categories of FDI (oil and non-oil), investment, export and economic growth. Bound cointegration test established that there is long run equilibrium relationship among the variables. Evidence from short run and long run elasticities shows that while non-oil FDI has positive effect on the growth of GDP, oil FDI exerts a negative effect on the economy and this may be due to the high profit repatriation and low level of domestic employment in the subsector. The result further shows that domestic investment has significant positive effect on economic growth, the coefficient of export is also positive although insignificant. In this study, we show that economic growth in Nigeria is largely propel by in...
This study examines the degree and extent of exchange rate pass through into domestic consumer pr... more This study examines the degree and extent of exchange rate pass through into domestic consumer price inflation in the Nigerian economy between 1986Q1 and 2013Q1 using structural vector auto regression (SVAR) methodology. The results from impulse response analysis show that the exchange rate pass through to consumer prices is incomplete, higher in the early decades of the sample and relatively low in the subsequent decades of the sample and below the average range. Yielding a dynamic exchange rate pass through elasticity coefficient of 0.33. Therefore, there seems to be positive relationship between ERPT and inflation for the Nigerian economy: As inflation declines (rises) overtime the ERPT becomes lower (higher). This vindicates a strong evidence that is consistent with Taylor’s (2000) proposition that high or average pass through is associated with high inflation and vice versa. Overall, the results offer supportive evidence in favour of the exchange rate channel, and monetary poli...
Despite the modest achievements recorded by Microfinance Banks in Nigeria, the poverty rate in th... more Despite the modest achievements recorded by Microfinance Banks in Nigeria, the poverty rate in the country remains daunting and that majority of the disadvantaged and economically active poor remain financially excluded. A huge part of the Islamic population particularly in northern part of the country are also reluctant to use conventional Microfinance products due to their incompatibility with Islamic principles, charging high fixed interest rates, credit diversion and the skewed nature of the distribution of Microfinance Banks which further limits financial inclusion in the region . These basic challenges can be resolved if an Islamic Micro-Finance Institution is designed in an integrated manner by incorporating the two basic and traditional institutions of Islam, Awqaf and Zakat with Islamic Micro-finance into a single framework in order to promote financial inclusion and reduce poverty among such population. The proposed model will be effective in poverty alleviation since the...
Dutse Journal of Economics and Development Studies, 2018
his paper examines the impact of trade liberalization and foreign capital investment on economic ... more his paper examines the impact of trade liberalization and foreign capital investment on economic growth in Nigeria using quarterly data covering the period from 1986 to 2016. In contrast to previous studies on the topic, the paper employed a relatively novel estimation technique by considering the effect of structural break on the series and thereafter estimated a dynamic OLS regression after imposing a dummy that account for the structural variation observed within the period under study. The findings suggest that foreign capital investment significantly affect growth in Nigeria and that trade openness facilitate the inflow of foreign capital. The result further suggests that, domestic investment is a complimentary to growth in Nigeria. Thus, the paper concludes that, trade liberalization and foreign capital investment matters for the growth of the Nigerian economy and therefore, suggests the need to ensure appropriate trade liberalization policies that will facilitate more inflow of foreign capital to complement domestic resource gap for rapid growth of the economy.
The study investigates the relationship between Entrepreneurship Development Programs (EDPs) and ... more The study investigates the relationship between Entrepreneurship Development Programs (EDPs) and Youth Employment in Jigawa State, Nigeria for the period (2007-2014). The motivation for the study is due to high rate of youth unemployment in the state with entrepreneurship development seen as one-way of reducing the challenge. Data for the study was collected through the administration of Questionnaire checklist on some selected representative samples of skill acquisition training and fund recipients. An OLS model was used to estimate the relationship between Youth Employment (YE) and the two measures of EDPs. Our result from the regression analysis shows that there is positive relationship between entrepreneurship development program components (training and funding) on the one hand, and youth employment, on the other hand during the period under review which is contrary to some earlier cited works. While the sign of our coefficients are positive suggesting a positive relationship, both the two coefficients are statistically insignificant. Thus, the paper concludes that Entrepreneurship Development Programs through Skills Acquisition in Jigawa State does not adequately support the establishment of entrepreneurial ventures among youth and does not produce the desired level of jobs for the youth. The study therefore recommends that government should involve the private sector in the design and implementation of EDP and that both the level of training and funding should be improved in order to give recipients the necessary skills and funding to start their own businesses.
This study investigates the relationship between government spending on education and economic gr... more This study investigates the relationship between government spending on education and economic growth in Nigeria by applying both Johansen co-integrated test and vector error correction model (VECM) as well as Granger causality test from 1981 to 2013. An annual secondary data was sourced from the CBN statistical bulletin for the empirical analysis. The result of Johansen co-integrated test provides evidence for the long run relationship between GDP and government spending on education. The long run coefficient of both capital and recurrent expenditures are statistically significant and are positively related to growth. The error correction term is also statistically significant which shows that there is no sign of any problem in the adjustment from short run to long run equilibrium. Test for granger causality shows that there is a bidirectional causality between recurrent expenditure and economic growth while a unidirectional causality running from capital expenditure to GDP as a proxy to economic growth. We therefore concludes that both capital and recurrent government spending on education positively influenced economic growth in Nigeria over the period under study and hence the paper recommends that government should increase budgetary allocation on education expenditure in general in order to improve its effect on the growth of the Nigerian economy.
The fight against poverty has been a central plank of development planning in Nigeria since indep... more The fight against poverty has been a central plank of development planning in Nigeria since independence. Observers have unanimously agreed that successive government’s interventions have failed to achieve the objectives for which they were established. It is against this background that the paper examines the various government policies targeted towards poverty alleviation in Nigeria with a view to, come up with policy recommendations for effective and efficient implementation of such policies. Exploration into the literature revealed that governments in power often seek to introduce their own policy and in the process, any other policy inherited from successors are either abandoned absolutely or rendered impotent. There is therefore lack of succession planning and some governments even watch their baby program dying prematurely to give birth to another with different orientation and strategic focus and as such the paper recommends that all programs centered towards poverty alleviation should henceforth be harmonized under the same umbrella, and each unit being accountable and responsible for their actions.
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Papers by Mustapha Hussaini