ADVANCED MICRO ECONOMICS (ECO 800) - JOURNALS ON MS.C



Article1:                   Determinates of Expected poverty among
rural Households in Nigeria.

Journal:                   African Economic research Consortium (AERC)
Research Paper, 183, Nairobi
Year:                        September, 2008
Summary

Vulnerability measures are becoming tools to evolving proactive steps to alleviate poverty. The data for the study were obtained from the merged General Household Survey (GHS) and the National Consumer Survey (NCS) of 1996. The cross- sectional data were augmented with certain covariate factors. The study were analyzed using a 3 stage Feasible Generalized Least Square (FGLS). Both idiosyncratic and covariate factors affect the expected log per capita consumption of rural Nigerians. The overall expected poverty for the country at 0.535 is 1.02 times the observed poverty in 1996. Higher expected poverty is synonymous with north east, no formal education, farming, older head of household, large household size and male headed household. The north east region has both lower mean per capita consumption and higher variance compared with other regions of the country. Further, consumption variance is highest for households whose heads have secondary education while households whose heads have no formal education have lowest mean expected consumption. Farming households have lower mean per-capita consumption compared with their non-farming households. Male headed households have both lower mean consumption and higher consumption variance relative to their female counterparts. Age wise, house hold heads below age 20 have the lowest mean consumption and the highest consumption variance. House holds with more than 10 members have very low mean consumption and very high consumption variance. Depending on whether there is low mean consumption or higher consumption variance or both, policy strategies suitable for the different groups will vary from increased mean per capita consumption to consumption smoothening or both.

Article 2:                  Capital Market as a Veritable Source of
 Development in Nigeria Economy.
Journal:                    Journal of Accounting and Taxation, vol 4 (1).
Year:             February, 2012
Summary;
The capital market is the prime motor that drives any economy on its path to growth and development because it is responsible for long-term-growth capital formation. The objective identifies the importance of capital market. Data were collected from the central bank statistical Bulletin from the periods 1992 to 2007. The ordinary least square and Cochrane-orutt methods were used in analyzing the data. It was discovered that the capital market has not contributed positively to the development of the Nigerian economy. However, there is a positive correlation between the rate of transactions in the capital market and the development of Nigeria economy. Indeed, stringent requirement for entry into the capital market should be relaxed and adequate publicity should be given to the activity at the capital market.
Article 3:                  Impact Assessment of the role of Nigerian Stock Exchange on the Economic development of Nigeria.
Journal:                    International Journal of economic Development,
research and investment vol. 2 No 1
Year: April, 2011.
Summary:
The stock exchange is a specialized market for the buying and selling of securities. These securities include stocks and shares which represent ownership interests in business, debentures and government bonds. The study reviewed stock exchange, its functions, activities, roles, legislation and the advantages and disadvantages of listing on the stock market. The trading, cleaning and settlement process of the Nigerian stock Exchange as well as the shortcomings were X-rayed. For Nigerian stock exchange to contribute in the development of the Nigeria economy through the mobilization and utilization of funds for expansion of business enterprise in the country, it has intensified efforts in creating public awareness as regards its services to the economy, effective investor education, fostering and stimulating speculation  in the market and reforms that compel investors to take due diligence when funds are to be raised by government to eliminate the buying and selling culture that exists in the market.

Article 4:  An assessment of income shocks and Expected
   poverty Dynamics in Nigeria.
Journal:        International Conference on Applied Economics
Year      -        2003
Summary
Assessment of income shocks and households vulnerability provides as excellent way of designing appropriate marginal reforms to tackle welfare problems among some vulnerable groups. Three stage Feasible Generalized Least Square (FGLS), analyses expected poverty using the 2004 NLSS data, high agricultural input price and lack of capital to expand own business were experienced by the largest proportion of the household. High vulnerability was displayed by rural areas, Male headed household, large family and large number of dependant. Appropriate marginal reforms should be targeted at vulnerability group in rural areas and specific zones of the country in order to reduce chronic and transient poverty.


Article 5:                  Poverty Alleviation in Nigeria through
capitalism Economic Framework: Problems and Challenges.
Journal:                    Journal of Sustainable Development in
 African vol 13 no 2.
Year-             2011.
Summary:
Poverty, both in absolute and relative terms is afflicting most Nigerian. To be sure, successive Nigerian regimes have  adopted series of measures to ameliorate the plight of the poor. The application of capitalist policies and strategies has not been able to alleviate poverty. Indeed, poverty alleviation is impossible with the application of orthodox capitalist principle as a result of the contradiction which are inherent in capitalism. However, Nigerian state should adopt socialism or regulated capitalism if it is desirous to alleviate poverty.

Article 6:                  Impact of poverty Reduction programmers on multidimensional poverty in Rural Nigeria.
Journal:                    Journal of Sustainable Development in Africa.
Vol 13 No 6
Year-             2011.

Summary:
Poverty reduction is the goal of all rural development programmes embarked upon by Nigerian government. This is important because poverty is a critical problem  in Nigeria  and the rural area are mostly affected. Using 2006 core welfare indicator survey (CWR) data, fuzzy set approach was used to examine the impact of poverty alleviation programmes on multidimensional poverty index for rural Nigeria. Multidimensional poverty index for rural Nigeria is 0.3796. Some development programmes had negative impact on multidimensional poverty index of rural Nigeria. Household head in the south –south region were multi-dimensionally poor than those in other regions. The government should intensity efforts on programmes that had positive impact on multidimensional poverty index of rural Nigeria and that government programmes get to the targeted people.
Article 7:                  Application of Contingency Theory of
Accounting Information to the UAE Banking Sector.
Journal:                     Asian Academy of management journal vol
12 No 3.
Year-             2007
Summary:
Contingency theory has been given relatively little consideration in terms of the factors that influence the accounting information system. Few organizations appear to have systematic processes in place for managing the evolution of their measurement system, testing contingency hypotheses in budgetary research using moderated regression analysis. However, macro organizational concept, technology and a human information processing system is a tool for contingency theory of accounting information to the UAE banking sector.

Article 8:                  Evaluation of Internal Control Systems –A Study from Uganda.
Journal:                    International Research Journal of Finance and
Economics. 
Year:             2009
Summary:
Internal control system is a topical issue following global fraudulent financial reporting and accounting scandals in both developed and developing counties. A proactive preventive approach to the problem requires a critical evaluation of the existing internal control structure in organizations to determine their capacity to ensure that the organizations activities are carried out in accordance with established goals, policies and procedures, A conceptual model is used in evaluating the internal control system in public sector projects in Uganda financed by the African Development Bank. Thus, some control components of effective internal control systems are lacking in these projects and renders the central control structures ineffective. There should be improvement in the existing internal control systems.  

Article 9:                  Poverty Reduction and the Attainment of the
MDGs in Nigeria; Problems and prospects.
Journal:                    International Journal of Politics and Good
Governance Vol 2 No 3.
Year:             2011.
Summary:
Sub-Saharan Africa has become synonymous with poverty. Nigeria hosts the largest population of poor people in the region. The inauguration of the MDGs represents an attempt at combating poverty through global partnership for development and constitute the key to Nigeria’s escape from poverty trap. However, the current progress towards the attainment of the goals is approximately at a snails pace. To achieve the aim, sound reform practices are required.
Article 10:    The Impact of the Nigerian Capital Market on
 Economic Growth (1990-2010).
Journal:                    International Journal of Developing Societies.
                                    Vol 1 No 1,
Year:             2012.
Summary:
The performance of stock market is an impetus for economic growth and development. The economic growth was proxies by Gross Domestic Product (GDP) while the capital market variables considered market capitalization (MCAP), Total New Issues (TNI), Value of Transactions (VLT) and Total Listed Equities and Government Stocks (LEGS). Johansen co-integration and granger causality test showed that the Nigerian capital market and economic growth are co-integrated. It means that a long run relationship exists between capital market and economic growth in Nigeria. The causality test suggest a  bidirectional causation between the GDP and the value of transactions (VLT) and a unidirectional causality from market capitalization to the GDP and vice-versa. There is independence “no causation” between the GDP and total new issues (TNI) as well as GDP and LEGS. This is a clear indication of the relative positive impact the capital market plays on the economic growth of the country; Equally, the activities of the capital market tend to impact positively on the economy. The regulatory authority should initiate policies that would encourage more companies to access the market and be more proactive in their surveillance role in order to check sharp practices which undermine market integrity and erode investor’s confidence.

Article 11:    OIL and Water Do Mix- The case of Saudi
Arabia
Journal:                    The Journal of Developing areas Vol 37 No 2.
Year:             2004.
Summary:
Attaining economic development and social wellbeing through national development planning constitutes complementary goals. Such supplementary link between the two goals is shown by the interaction between the economic need to maintain healthy oil revenues and the social necessity to use a part of the revenues to sustain subsidy of a most central life fulfilling need the water resource in Sandi Arabia. The general equilibrium petroleum production function is taken as a two sector model with linkages between crude oil production as sector I and the water resource as sector 2 wherein the oil revenue is injected into a pricing model of water resource. In spite of the oil backed subsidy for water, the volatility of the global oil market could be avoided by hinging the development and sustainability of water subsidy on a bench mark. 

Article 12:    Indonesia’s Monetary Policy Dilemma-
Constraints of Inflation targeting.
Journal:                    Journal of Developing Areas Volume 37 No 2
Year:             2004
Summary:    
Indonesia has been the worst hit country during the 1997-1998 Asian Crisis. On the fiscal side, the government is burdened with debt and the pressure to maintain social expenditure. On the monetary side, there is a preoccupation with a lower inflation rate which conflicts with the need to maintain liquid in a repressed economy. By examining the inflation growth relationship, the study focused on whether there is any room for inflating the economy to ease the pressure on government debt repayment while maintaining social expenditure. The researcher finds a two way relationship between inflation and growth but there is some evidence of long rum neutrality of money showing that inflation is unlikely to affect economic growth adversely in the long rum. The researcher used simple model that explicitly takes into account inflation growth trade off and found that there is room for a higher inflation rate than what it currently targeted. Indeed, the study favors more expansionary macroeconomic policy mix.
Article 13: Determinants of Migration to and from Bolivar State,
Venezuela for 1961 and 1990; the effect of Ciudad Guayana on migration.
 Journal:                   The Journal of Developing Areas. Vol 37 No 2
Year:             2004.
Summary:                
The great influx of migrants to the capital cities of many developing countries by the mid-twentieth century resulted in concentrated population in many of these countries. The dissatisfaction with the concentration of population in the capital region forced many developing countries to initiate population dispersal policies to divert people to smaller cities, rural regions, or resource frontiers. In 1959, Venezuela created an industrial growth pole in Bolivia state as an attempt to direct population away from Caracas. Regression paralysis was applied to determine whether the predictor variables pertaining to sates of origin or destination for life-time in-migrants and out migrants to and from Bolivar differed between 1961 and 1990 as a result of this programme. Results indicated that 1961 life time migrants responded to distance, population and industry while 1990 migrants were being reunited from the more populous state suggesting that the industrial growth pole had obtained a size that attracted further growth. The predictor enables for life time out migrants as of 1961 were income, distance and population where as 1990 life-time out migrants only responded to income.

Article 14:                Impact of Foreign Direct Investment in
Oil Sector in Nigeria.
Journal:                                International Journal of Applied
Economics and Finance
Year:                         2012
Summary:   
The study investigates the impacts of foreign direct investment in oil sector in Nigeria and its attendant effect on economic growth.  The co-integration analysis was used for the study. The results showed that foreign direct investment at current year is regionally associated with GDP possibly due to the fact that such investment needed to be allowed sometime lag to translate to any significant impact. The impact of domestic capital formation is relatively compared with the impact of foreign direct investment in the oil sector. Security, corruption, inadequate infrastructure and inconsistent regulations remains the key elements of Nigeria’s future challenge of attracting more efficiency seeking foreign direct investment that can promote her economic growth.

Article 15:    The Determinants of Rural Poverty in Nigeria
Journal:                                International Journal of Agricultural
Management and Development.
Year:                                     2013
Summary:    
Most of the population of Nigeria is rural and agriculture is the mainstay of the impoverished people’s livelihood. The Tobit regression model was used in the estimation. Through the multistage sampling technique primary data were attained from 150 rural farming households using a questionnaire. The result shows that increase in farm income, farm size and amount of agricultural loan led to a decrease in the level of poverty by 0.9953, 0 .1220 and 0.4016 x 10-6 respectively. Membership of the co-operative by household heads, Ownership of certain assets, Access to extension services and modern farm input, Increase in educational attainments and male heads of households decreased the likelihood of being poor. Except access to loan that is elastic, the responsiveness of the probability and intensity of poverty to dependency ratio, farming experience; farm size and income are inelastic.

Article 16:    Appraisal of Capital Market efficiency on
Economic Growth in Nigeria
Journal:                    International Journal of Business and
Management  Vol 4, No. 12
Year: 2012
Summary:
The study focused on the appraisal of the impact of capital market efficiency on economic growth in Nigeria. The study uses time series data on market capitalization, money supply, interest rate, total market transaction and government development stock between 1961 to 2004. The model is multiple regression and ordinary least square estimation techniques. The result shows that the capital market in Nigeria has the potentials of growth reducing but has not confronted meaningfully to economic growth of Nigeria. This is caused by low market capitalization, low absorptive capitalization, illiquidity, misappropriation of funds etc. The researcher recommends that the capital market remains one of the mainstream in every economy that has the power to influence economic growth, hence the organize private sector is encouraged to invest in it.

Article 17:                Rural poverty in Nigeria: profile,
Determinants and Exit paths
Journal:                    African Development Review Vol 17 No 3
Year:             2005
            The study, the profile of rural poverty in Nigeria uses the 1996 national consumer survey data set. The results show that by 1996, the proportion of the rural populations living under the poverty line stood at 71.7 percent up from 46 prevent in 1992. The depth of poverty in rural Nigeria was 33 compared with 18.9 percent severity during the same year. A logistic regression model was estimated based on the data with the probability of a household being poor as the dependent variable and a set of personal explanatory variables
Article 18;                Analysis of Internal control in a computerized Accounting System. A study of first bank Plc.
Journal:                    Journal of Development Economics Vol 4 No 7.
Year:             2012.
            The study examines the analysis of Internal control system in a computerized accounting system. The study deepens in analyzing the internal control system of first bank Abakaliki as the study area. The study applied chi- square (x2) technique to test the hypotheses on the internal control and the adequacy of internal framework of checks and balances of the bank. The result showed that internal control provides adequate framework of checks and balances that ensure operational efficiency and effectiveness in the bank. Workshops and trainings were recommended for staff in order to meet up with the challenges of information technology.
Article 19:    Poverty Alleviation Programmes and Food
Security-        A Study of Abia- State Agricultural
Development Programme (Abia- ADP)
Journal:                    African Economic Research Consortium
(AERC), NaIrobi Vol 1 No 3
Year:             2012.
            The study examined the twin issue of Poverty Alleviation and Food security in Nigeria. It deepens further on how Poverty Alleviation Programmes have been implemented and its effect on food security in Abia State. The study applied the Chi-Square (x2) technique to test hypotheses on the impact of Abia- ADP on food security, food sufficiency level of the Abia citizens and the Implementation policy of the programme. The result showed that at 0.05 level of significance, Abia- ADP had assisted farmers in achieving their potentials for increased output, productivity and income on a sustainable basis. The study recommends that Government ensure the availability of improved and adaptable technologies to help include all kinds of crops and increased output.

Article 20:                Evaluation of the Sources and Effectiveness of Local Government Revenue Generation in Ebonyi State---A Study of Onicha Local Government Area.
Journal:                    International Journal of Accounting and
Finance.
Year:             2009
Summary:
The study evaluate the sources and effectiveness of the Local Government Revenue Generation in Ebonyi State. It narrowed the study area to Onicha Local Government Area. The study applied Pearson technique to find out the level of revenue generation in the State via Onicha local council The result showed that the level of internal revenue generation in Onicha Local Government Area is inadequate and needs increased efforts. It recommends that local government should use its public relations machinery to educate its citizens on the need for them to pay their taxes, rates and licenses. Government should check the excessive embezzlement of revenue collected. Revenue collectors should be bonded and fidelity guarantee cover taken on them. The internal and external auditors should be up and doing.

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FACULTY: SOCIAL SCIENCES
DEPT: ECONOMICS

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