Series-1 (May-June 2019)May-June 2019 Issue Statistics
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| Paper Type | : | Research Paper |
| Title | : | Effectiveness of Monetary Policy on Industrial Growth of Ethiopia: ARDL Modeling on Monetary Framework |
| Country | : | India |
| Authors | : | Tamirat Beyene || Inderjeet Singh |
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: | 10.9790/5933-1003010113  |
Abstract: The issue of industrialization is at the heart of economic transformation. For its dynamic remunerations and resiliencies, economies at all levels strive to realize the flourishment of the sector. In Ethiopia, however, the sector remains to be the least performer in output share, employment creation and on its contributions to growth and export shares. The UNIDO CIPI reports further enlighten its weakness in inter-sectoral linkages and the low technological levels of the firms, which makes it even the least performer in SSA standard. The stagnation of the sector and unintended structural jump in Ethiopian economy requires a close look and systematic approach in cracking the bottlenecks, despite the various governmental attempts starting from the 1920s; which mainly depends...........
Keywords: Industrial Growth, ARDL Modeling, Ethiopia, Monetary Policy, VECM
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[2]. Bank, T. W. (1985). Ethiopia - Industrial sector review (No. 5301) (p. 1). The World Bank. Retrieved from http://documents.worldbank.org/curated/en/760401468275710186/Ethiopia-Industrial-sector-review
[3]. EEA. (2017). Report on the Ethiopian Economy: Challenges of Sustaining Ethiopia's Foreign Exchange Earnings from Exports and Remittances. Addis Ababa, Ethiopia: AAU, Business Enterprise Printing House #549.
[4]. Fatukasi, B., Olorunleke, G. K., Olajide, G. F., & Alimi, R. S. (2015). Bounds Testing Approaches to the Analysis of Macroeconomic Relationships In Nigeria. European Journal of Business and Management, 7(8). Retrieved from www.iiste.org
[5]. Fisher, I. (1911). The Purchasing Power of Money, its Determination and Relation to Credit, Interest and Crises. LIBERTY FUND, INC. Retrieved from http://oll.libertyfund.org
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| Paper Type | : | Research Paper |
| Title | : | Measuring the Vulnerability of Nigerian Macro-economy to Foreign Shocks: A Structural VAR Approach |
| Country | : | Nigeria |
| Authors | : | Okafor O. N. Bartholomew PhD |
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: | 10.9790/5933-1003011436 |
Abstract: This paper employs a structural vector auto regression (SVAR) model to investigate the vulnerability of the macro-economy to foreign shocks in a small emerging open economy with Nigeria as the case study. Specifically, the paper studies how the Nigerian economy is exposed to foreign shocks. We establish identification conditions to uncover the dynamic effects of foreign monetary policy shocks on various domestic variables. By analyzing the intensity of the responses of the domestic variables to various foreign monetary shocks, we aim to examine the Nigerian........
Keywords: SVAR, Open Economy, Monetary Policy
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| Paper Type | : | Research Paper |
| Title | : | Capital Structure, Firm Value and Insolvency Probability in the UK |
| Country | : | Nigeria |
| Authors | : | Okpa, Inah Bassey || Abdul-Mumin, BapubeAbubakar || Nkwo, Jude Awele || Okarima, RichardNyam |
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: | 10.9790/5933-1003013743 |
Abstract: This paper applied the least square dummy variable (LSDV) or Fixed effect model (FEM) to estimate the effect of, and relationship between capital structure (gearing) on firm value and insolvency among UK companies for a period of twelve years (2005 – 2016). The sample includes all non-financial firms in the FTSE 100 index. The empirical findings from the test of hypotheses revealed that highly geared firms have lower values and higher likelihood of insolvency relative to lowly geared firms. Also, firm value is negatively, but not significantly related to insolvency. The results thus provide insight into efficient firms' capital structure decisions (gearing level) for the maximization of firm value and minimization of insolvency likelihood..
Keywords: Capital Structure, Gearing, Firm value, Insolvency, Financial Decision
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