Akintoye V Adejumo

Obafemi Awolowo University | OAU · Department of Economics

This study focused on the moderating role of the real sector on the financial development-economic growth nexus using panel data consisting of 38 sub-Saharan African countries for the period 1986–2015. This is necessary because of the potential discontinuities mediating finance-growth nexus that previous studies have not investigated. The study use...

The study examines the dynamic interrelationships among the school enrolment rates and the rate of employment (via unemployment rates) in Nigeria. The study employed Autoregressive estimates and an unrestricted VAR approach to analyze these relationships. The study lends credence to the new-growth theory (i.e. endogenous models) that more investmen...

This study examined the impact of financial development on the real sector in sub-Saharan Africa. The study used industrial value-added, productivity and agriculture value-added to proxy the real sector whilst domestic credit to the private sector, domestic credit by the bank and broad money are used as financial development indicators. Using panel...

Purpose The study examines the dynamic interrelationships among the school enrolment rates and the rate of employment (via unemployment rates) in Nigeria. Design/methodology/approach The study employed Autoregressive estimates and an unrestricted VAR approach to analyze these relationships. Findings The study lends credence to the new-growth theo...

The 21st century industrial and digital age has been largely driven by technological dynamics and advancement. The Neo-classical argued that beyond the classical notion of investments and capital accumulation, technology growth, which is driven by innovation and development is a major driver for growth and development. Africa economies, which has b...

Globally, investments in physical and human capital have been identified to foster real economic growth and development in any economy. Investments, which could be domestic or foreign, have been established in the literature as either complements or substitutes in varying scenarios. While domestic investments bring about endogenous growth processes...

The aim of this study is to investigate the relationship between foreign direct investment and economic growth in seven emerging countries. Past empirical studies have failed to estimate the long run relationship between the variables in these countries, which has created a gap in the literature. Data was collected from the United Nations Conferenc...

The Global Conference for Wikimedia and The Economist held in London, 2014, ranked Nigeria as the largest economy in Africa using the nominal gross domestic product. But, income redistribution, equality and productivity improvements, which are indicators for the development of an economy, remain at large. Against this background, the study is set t...

This study sets out to examine the role of manufacturing sector Foreign Direct Investment (FDI) in the quest for export sector diversification in Nigeria for sustainable development. This objective was achieved by estimating the effects of manufacturing sector FDI on manufactured goods export from Nigeria using the Autoregressive Distributed Lag es...

Globally, investments in physical and human capital have been identified to foster real economic growth and development in any economy. Investments, which could be domestic or foreign, have been established in the literature as either complements or substitutes in varying scenarios. While domestic investments bring about endogenous growth processes...

As Nigeria’s population grows significantly, it is expected that progress in physical infrastructures and environmental resources are utilized at a pace that can support population growth. Since energy resources, their uses and environmental impact are critical to the process of economic development, any quest for sustainability requires appropriat...

In order to address the direction of causality between human capital and productivity growth in Nigeria, the study first investigated the pattern of productivity growth in Nigeria between 1970 and 2010. Following the endogenous growth model, which argued that technical progress, through an effective labor force, could lead to long-run growth which...

In recent time, the concept of sustainable development cannot be overemphasized. Sincethe early 1980s, the term ‘sustainable development’ has been used widely andindiscriminately. The term began to gain popularity, when it became increasinglyfashionable to use it as a way of responding to global environmental concerns, biophysicalissues, fairness,...

Human capital development is seen as a focal point for pivoting industrial development, for reducing the level of unemployment and increasing the supply of entrepreneurs in any economy. However, the effect of human capital on sustainable industrial development in Nigeria has not been adequately explored. In view of various policies adopted by succe...

The objective of this study was to examine the effect of oil price shock on output, inflation, the real exchange rate and the money supply in Nigeria using quarterly data from 1970 to 2003. The VAR method was employed to analyze the data. The findings were contrary to previous empirical findings in other countries; oil price shock does not affect o...