Journal of Advanced Research in Economics and Administrative Sciences

Journal Information
ISSN : 2708-9320
Current Publisher: Baynoon Centre for Studies and Development (10.47631)
Total articles ≅ 16
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Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 14-29; doi:10.47631/jareas.v1i2.47

Abstract:
Purpose: This study aimed at examining the adoption factors of broadband internet and exploring the factors which make difference between service providers. Approach/Methodology/Design: Purposive sampling was employed to select the sample. To collect data from social media users, a close-ended Google Form questionnaire was administered through social networking sites and 376 responses were obtained. The data was analyzed using partial least squares structural equation modeling (PLS-SEM, 3.1). Model estimation was performed with r2, Q2, and the effect size f2 that describes the path effect from exogenous construct to endogenous construct. Findings: This study revealed that the participants, despite having the barriers, were reasonably satisfied at different levels and it was a major motivation in the use of broadband. The use of broadband internet has not yet been improved substantially in Bangladesh due to the minimal internet speed, lack of decent standard of quality, and high maintenance cost. However, the study revealed that customer or user satisfaction created a huge positive impact on value creation. It was also statistically significant supporting the hypothesis of the study. Practical Implications: The results of the study provide the broadband companies with an idea about broadband preference, assisting them in analyzing the variables closely to get more loyal customers. Originality/value: The study revealed that the degree of total frustration is below ten per cent, even though the severe challenge is considered very small. The study also showed that most of the participants were reasonably satisfied at different levels and it was a major motivation in the use of broadband.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 30-44; doi:10.47631/jareas.v1i2.32

Abstract:
Purpose: The study was conducted to examine the economic impact of the National Fadama-II Development Project (NFDP-II) on poverty reduction and food security among farmers in Geidam local government of Yobe State, Nigeria. Approach/Methodology/Design: Four communities were identified and selected through random sampling. These four are the farmers of the cultivated crops like rice, millet, maize, vegetables and okra. And interview and a closed-ended questionnaire were administered to a total of one hundred respondents. For the analysis of this study, a descriptive statistic like frequency and simple percentage were used. Findings: After careful evaluation of collected data, it is found out that the majority of the farmers (78.9%) were male and their mean age was 44 years. Out of 95 respondents, 75 (78.9%) were associated with the Fadama and the remaining 20 (21%) have no association with the project. The results of the study revealed that the project has a positive impact on poverty reduction. The result of the study further revealed that all the Fadama-II farmers share similar opinion on the ten identified constraints. These constraints were grouped under three main categories: technical problems, institutional problems, and economic problems. Practical Implications: This study provides strong suggestion to create more awareness about the programme among the people so that they may come forward to participate actively in it. It enhances their income level and they may be able to utilize it for the betterment of their lives. Originality/value: After the careful analysis of the collected data, it can be concluded that the success of Fadama project is dependent upon the provision of the credit facilities for land preparation to farmers, the supply of subsidized farm inputs and farmers’ training by the Fadama facilitators.
Abdurahman Aliye
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 77-90; doi:10.47631/jareas.v1i2.119

Abstract:
Purpose: study aimed to assess the Corporate Social Responsibility practices, business-community relations, and the missing links in Corporate Social Responsibility- community development in Ethiopia. Approach/Methodology/Design: Case study and thematic analysis of data on 45 structured interviews of key informants from federal and regional government, companies, and local community was collected, transcribed, and analyzed to identify the current CSR practices and consequences, and the missing links in CSR-community development interface. Findings: The CSR is ad-hoc philanthropy activity based on neo-liberal and voluntary approach motivated by market performance, reputation and image building objectives. There is no community development orientation, no social and environmental impacts. There are tax dodging, deforestation, water and chemical pollutions, britches of labor and community rights, CSiRs; National indigenous culture based community development oriented mandatory CSR policy, coordinating agency, engaging community, measuring the implementation, rewarding good CSR performance and punishing CSiRs. Practical Implications: The study has implications for academics, managers, policy makers, public administrators, community activists and leaders. It contributes to CSR approach in developing countries, CSR theories, thinking, and practice in African context, the business community relations, the business management approaches, scope of stakeholders, in improving CSR to contribute to community development. Originality/value: This study’s originality lies in bringing Ethnic diversity, federal- regional government, political history, collective rights, power of community and nationalism in CSR to the front.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 141-153; doi:10.47631/jareas.v1i2.96

Abstract:
Purpose: In this paper, wage-black economy relationship was examined while taking into consideration the influences of inflation and taxation. Approach/Methodology/Design: In particular, Value at Risk (VAR) approach was implemented using annually data for Nigeria covering the period 1990-2018 to assess the dynamic relationship among the variables. In light of national minimum wage in Nigeria, impulse response function was used to highlight the plausible responses from black economy to a shock of one standard deviation in each indicated variable. Findings: The result shows that a shock to national minimum wage (LOGMWA) will have a negative effect on black economy (LOGBEC) in Nigeria. Shocks to inflation (LOGINFL) will have a positive impact on black economy (LOGBEC). Shocks to tax (LOGATAX) will have asymmetric impacts on black economy (LOGBEC). The results were robust even when unemployment (LOGUEMP) was included. An unemployment shock was shown to enhance black economy in Nigeria. Practical Implications: The study is significant for the concerned authorities in Nigeria so that policy measures are taken and directed towards the causes that drive the black economy in the country. Originality/value: The impulse response function was estimated. It was estimated to show the plots of the responses from black economy (LOGBEC) to a one standard deviation shock in each indicated variable (national minimum wage (LOGMWA), inflation (LOGINFL), and tax (ATAX)). The shocks to national minimum wage (LOGMWA) will have a negative effect on black economy (LOGBEC) in Nigeria.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 123-133; doi:10.47631/jareas.v1i2.59

Abstract:
Purpose: Empirical investigations into the interest rate effects on domestic savings have provided mixed results. Hence, this study examined the interest rate effects on domestic savings in line with the financial liberalization hypothesis since the period of structural adjustment program (SAP) in Nigeria. Approach/Methodology/Design: Data on gross domestic savings, interest rate, gross capital formation, and rate of inflation from 1986 to 2018 were obtained and analyzed using the autoregressive distributed lag (ARDL) technique. Findings: The results revealed that interest rate and gross domestic savings are co-integrated in the long-run. The study showed that while capital formation positively affects domestic savings, the interest rate affects domestic savings negatively since the economic reforms of 1986 in Nigeria. Practical Implications: The results of the study are important for the Nigerian government to promote home-grown investments through domestic savings and capital formation. This will be made possible in the face of interest rate liberalization in which a higher interest rate serves as incentives for the household to save more thereby increasing domestic savings of the economy. Originality/value: The study further revealed that the long-run relationship exists between domestic private investments and interest rates.
Deborah Vincent, Samson Ojo, Hyginus Omeje
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 134-140; doi:10.47631/jareas.v1i2.108

Abstract:
Purpose: The purpose of this study was to assess the utilization of building information modelling (BIM) software for project planning in construction industries in Ondo-State. Approach/Methodology/Design: Three research questions guided the study. A survey research design was adopted for the study. The population for the study comprised of 31 construction industries with 126 Contractors and Building consultants in construction industries in Ondo-State, Nigeria. A structured questionnaire consisting of 41 items developed by the ERASMUS + programme was used for data collection. Two experts from the Department of Industrial Technical Education (Building/Woodwork), University of Nigeria, Nsukka, and one expert from Bablor Construction Company, Akure South, Ondo-State validated the instrument. The reliability co-efficient of the instrument was 0.86. Data collected were analyzed using mean to answer the research questions, while t-test was used to answer the hypotheses. Findings: It was found that the extent to which building information modelling (BIM) software are utilized are still very low. The study therefore, recommend that education and training programmes on BIM software uses should be organized for construction industries, BIM should be made compulsory for all personnel involved in construction process and a standard contract document should be made available by the government/professional bodies for all building constructors to ensure the usability of BIM for construction project to enhance the construction design, process, analyze and resolve potential hazards and ensure that the building project is completed timely. Practical Implications: The study revealed the benefit of BIM software application for project planning Hence, the importance of BIM software cannot be overemphasized in achieving high building quality, innovative virtual design and project management in the modern world. Originality/value: This paper shows that Building information modelling software is an innovative way to practically design and manage project plan. BIM adoption is needed to enhance building performance and operation.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 91-105; doi:10.47631/jareas.v1i2.85

Abstract:
Purpose: Small and Medium Enterprises (SME) engaged in the business of Trading and Distribution in the United Arab Emirates are characterized by fluctuations in the business performance and growth. Even though 95% of the businesses in the UAE are SME sector, the variations in the growth pattern lead to various challenges which the owner/manager sometimes fails to handle well. The aim of this concept paper is to identify the factors contributing to the sustained growth of SME business in the UAE. Approach/Methodology/Design: The research problem for this study is “how to ensure sustained growth in business for Small and Medium Sized Enterprises in the United Arab Emirates”. The other studies on SME business have focused on SME performance but have not specifically focused on sustaining the performance and growing over a long period of time. This research will specifically focus on the factors contributing to sustained growth and this will be ascertained through quantitative survey of various SMEs in the UAE. Findings: This research aims to find the success factors which can be useful to the SME sector of the UAE in order to achieve sustained growth in business. As a result of this study, a possible matrix will emerge showing a framework to be applied for sustained growth of business for SMEs. Practical Implications: Sustained growth and longevity of the business remains the most important dream of every SME owner/manager, and the final recommendations of this research will result in a framework which would help SMEs in the UAE to have a sustained growth in business. Originality/value: The specific objective of this research is to find “factors that contribute to the sustained growth in business”. This would ensure that, despite the vagaries in the business environment, the SME owner will continue to have a stable business with sustained growth over a long period of time.
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 106-122; doi:10.47631/jareas.v1i2.124

Abstract:
Purpose: The main objective of this study is to examine the relationship between Nigerian Stock Exchange and Dubai stock exchange with the aim of finding out the direction of movements between their respective indices. Approach/Methodology/Design: The methodology adopted for the analysis is ARDL cointegration model and the Generalized Method of Moment (GMM). This is because of their known efficiency in detecting patterns between variables. Findings: The result of the short-run analysis using GMM shows that there is existence of short-run causality between the Dubai financial market (DFM) and the Nigerian stock exchange (NSE). Thus, for investors looking for short- run arbitrage opportunity between the markets, they shall look elsewhere. But, the result of bound testing has shown lack of cointegration between the two markets. This is a sign of existence of opportunities for portfolio diversification between Nigeria stock exchange and Dubai financial market, since the two markets are not cointegrated in the long-run. Practical Implications: The study helps bridge the empirical literature gap in stock market integration and portfolio diversification with reference to the Nigeria and UAE. It will, therefore, guide local and foreign investors with interest in Nigeria and UAE Stock Exchanges. It will also guide Nigerian and UAE policy makers to understand the market better, especially as it concerns financial contagion. Originality/value: This study provides further evidence on stock market integration in emerging markets. New researches shall adopt different methodology such as use of volatility tracking models to measure volatility linkage between the markets.
Issoufou Oumarou
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 56-65; doi:10.47631/jareas.v1i2.123

Abstract:
Purpose: The aim of the paper is to examine the existence or not of a long run or a short run relationship between public debt and economic in Niger and investigate the significance of this relationship. Approach/Methodology/Design: The study first applied time series econometrics tests such as Augmented Dickey-Fuller (ADF) unit root test, Bound cointegration test and Auto Regressive Distributed Lag (ARDL) on annual data obtained from the International monetary fund (IMF) and the West African States Central Bank (BCEAO). The observations cover the period from 1970 to 2019. The study then performed some residual tests including serial correlation, normality and heteroskedasticity for the accuracy of the prediction of the model. Findings: The empirical results showed no long run relationship between public debt and economic growth in Niger. The short run analysis revealed that public debt and budget balance have short run causal effects on economic growth in Niger. The coefficients are significant at 10% significance level. Practical Implications: This article gives valuable information to Niger policy makers regarding the effects of public debt on Niger economic growth. The article highlights the effects that public debt has on economic growth in Niger in the short and long run. Therefore helping policy makers decide whether to increase or reduce the borrowing trend. Originality/value: The results of the paper give valuable information on the relationship that public debt may have with economic growth in Sub Saharan African countries with the similar macroeconomic indicators with Niger.
Henry Ikechukwu Amalu, Thaddeus Nnaemeka Ukwueze, Loenard U. Olife, Favour Friday Irokwe
Journal of Advanced Research in Economics and Administrative Sciences, Volume 1, pp 66-76; doi:10.47631/jareas.v1i2.111

Abstract:
Purpose: Product tax is an essential tool for governments, serving both as a revenue generator and fiscal policy instrument. The paper examines short-run and long-run relationships shared by product taxes and economic growth in Nigeria for the period, 1981 to 2019. Approach/Methodology/Design: The study checks the stationarity properties of the series by testing them for unit roots using Augmented Dickey Fuller (ADF) method and Philip-Perron unit root test. Both unit root tests indicate that the series is stationary at first difference. In view of this, the study deploys a cointegration technique, Engle-Granger two-step procedure to determine the long-run and short-run links shared by the variables of interest. The Error Correction Mechanism (ECM) estimation and the Granger causality estimations for speed of adjustment and causality of the variables were also used. Findings: The results reveal that product tax revenues and economic growth cointegrate in the long-run; while product tax revenues exert a significant positive effect on economic growth both in the short-term and long-term. The outcome of the Error Correction Mechanism (ECM) estimation shows a swift speed of adjustment to a new long-run equilibrium after a shock. The outcome of the Granger causality estimations indicates a uni-directional causality from economic growth to revenues from product taxes. Practical Implications: This study is significant at this point when the country is facing increasing economic challenges. It will be useful to policy makers who might want to explore the possibility of using product tax as a fiscal policy tool, and a source of revenue to augment the declining revenue of the government from other sources. Originality/value: The paper explores short-run and long-run relationships shared between product taxes and economic growth in Nigeria using a two-step procedure of Engle and Granger, and it verifies causality link between the later and the former.
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