Papers by OLUWASEGUN ESEYIN
International Journal of Research and Scientific Innovation
Exchange rate has become one of the major issues Nigerian economy has been confronted with in the... more Exchange rate has become one of the major issues Nigerian economy has been confronted with in the recent times especially since one of the goals of all economies is to have a stable exchange rate. The concept of exchange rate was introduced into the analysis of economic growth and development. This study examined the impact of exchange rate on agricultural exports in Nigeria from 1981 to 2019. The Auto regressive distributed lag (ARDL) model and Granger causality test were employed as analytical tools to test for the existence of a relationship between the variables. This research generally places importance on the effect of interest rate, exchange rate, total exports, inflation rate and loans to the agricultural sector on agricultural exports. However, it is mainly concerned with the relationship between exchange rate and agricultural exports. The study establishes that exchange rate significantly affects agricultural exports and there is no causality between them. By implication, ...
Dataset of socio-economic features and Ekiti youths' participation in agriculture.xlsx
Dataset of socio-economic features and Ekiti youths' participation in agriculture.xlsx Questi... more Dataset of socio-economic features and Ekiti youths' participation in agriculture.xlsx Questionnaire on socio-economic features and Ekiti youths' participation in agriculture
International Journal of Energy Economics and Policy, 2022
The poverty situation in the rural areas of the country deserves greater attention; the available... more The poverty situation in the rural areas of the country deserves greater attention; the available statistics from the NBS reveal that the majority of the poor are located in the rural areas. It is really impossible to envision industrialization and societal well-being or high standard of living without adequate and reliable electricity supply. Sustainable electricity supply will aid the artisans, traders, farmers with storage facilities, reduce the rural-urban immigration, improve the standard of living in the rural areas, and encourage rural industrialization and capital formation. This study investigates the impact of sustainable electricity supply on poverty reduction in Nigeria. A time series data from 1981 to 2018 was analysed for this study. Based on the outcome of this study, it could be seen clearly that while electricity generation play a significantly role reducing poverty in the country, electricity consumption does not guarantee poverty reduction. Also, apart from the fa...
International Journal of Financial Research, 2020
Numerous studies have observed that governance matters in economic growth and subsequently employ... more Numerous studies have observed that governance matters in economic growth and subsequently employment generation. Despite the overwhelming evidences on the importance of this variable, there is surprisingly little research on how to promote it effectively in many developing countries. The problems facing the youth in the labour market has become more intense as a result, youths turn to less productive and less remunerative work at the informal sector. This paper therefore investigates the link between Governance, Youth Employment, Gross Capital Formation and Economic Growth. It utilizes the Granger non-Causality technique to explore the connection between these factors in sets. The discoveries uncover that there is bi-directional causal connection among governance and economic growth and furthermore between Economic growth and youth employment in Nigeria. The causality between Economic growth and capital formation is uni-directional from gross capital formation to Economic growth. I...
Various studies have been conducted on the impact of exchange rates on the performance of the man... more Various studies have been conducted on the impact of exchange rates on the performance of the manufacturing sector and how it influences growth in different climes of the world. These studies have examined; drawing out the relationship between exchange rate and macroeconomic performance, with respect to manufacturing output and its related variables. This study examined the impact of exchange rates on the performance of the Nigerian manufacturing sector using the independent variables of exchange rates, inflation rates, capacity utilization rate, the manufacturing sector’s foreign direct investments, and imports over a period of 25 years (1990-2014). Unit Root test, Johansen co-integration test, Granger causality test and Error Correction Model were used to test for stationarity, long-run relationship, causal relationship, and the short and long run equilibrium relationship respectively. The empirical results of the study shows that a devaluation of the Naira has a negative impact o...
This study examined the weak- form efficiency of the Nigerian stock market. This was done by usin... more This study examined the weak- form efficiency of the Nigerian stock market. This was done by using the Partial autocorrelation (PACF) test to test for independence of stock prices, the runs test and the distribution patterns to test for randomness of stock prices and the one-sample Kolmogorov Smirnov test to test for observable trend in the pattern of stock price movements. The movements of stock prices in the stock market were found to be independent. The movements of stock prices in the stock market were not random. There was an observable trend in the pattern of stock prices movement in the stock market. The result of the partial auto correlation test indicates that the movements of the stock prices are independent. In addition, the result of the runs test and the distribution patterns also shows that the movements of stock prices were not completely random. Key-words Stock exchange, market efficiency, weak form, price movement, information efficient
International Journal of Energy Economics and Policy, 2021
In recent years, developing countries like Nigeria with large human and natural resources have at... more In recent years, developing countries like Nigeria with large human and natural resources have attracted huge investment leading to a rise in foreign investment into the Nigerian economy. To create the conditions that would attract more Foreign Direct Investment into the manufacturing subsector, the right infrastructure must be put in place. This study examined the relationship between Foreign Direct Investment, infrastructure and manufacturing output in Nigeria. Time series data between the periods of 1981 and 2016 was used. Johansen cointegration was used to assess the relationship between Nigeria’s foreign direct investment, infrastructure, and production efficiency. The result showed that the explanatory variables and the manufacturing production in Nigeria have a long-run relationship. The relationship between foreign direct investment, infrastructure and manufacturing production in Nigeria is also found to be significant and positive. Following the study's finding, specifi...
International Journal of Energy Economics and Policy, 2021
Both hypothetical and empirical evidences have found the roles that human capital and energy infr... more Both hypothetical and empirical evidences have found the roles that human capital and energy infrastructure in spurring the economic growth of a nation as very germane. These key variables are undoubtedly working together in a quest to achieve equitable redistribution of the nation's economic resource and ensuring poverty reduction. This study is based on an attempt to use co-integration and ARDL modeling framework to examine the empirical evidence of the impact of the different components of human capital and energy infrastructure on economic growth in Nigeria between 1981 and 2018. Findings from the study showed that the quality of educational, transportation and communication facilities had a significant and contemporary influence on economic development. In the same way, investment in physical resources calculated by gross fixed capital development, quality of healthcare facilities, availability of power supply were also found to have a positive impact with a lag effect on economic growth. Implicitly, an increase in these facilities over the past decade in terms of their availability and efficiency would boost economic development over the current period. The study therefore recommended that education and health should be given an unwavering focus on investment by the policy maker as components of human capital coupled with energy infrastructure if the desired growth for which Nigeria aspires is to be attained.
Asian Economic and Financial Review, 2021
The increasing importance of informal economy in entrepreneurship development, job creation and i... more The increasing importance of informal economy in entrepreneurship development, job creation and improvement in the overall social welfare of the people has been widely acknowledged in literature. This article presents various enterprise compositions and private investment in the informal economy in an urban center of a developing country. Ilorin metropolis in Nigeria was chosen as the study area due to the high concentration, high growth rate and economic significance of these activities. The level of business capitals, which form part of the private investment volume, play vital roles in the survival and growth rate of any business venture, hence the output and income earnings from business. The cross sectional data were collected from a field survey through a structured questionnaire administered to 500 informal entrepreneurs. Out of these, 482 questionnaires were retrieved and analyzed. The data was presented and explained using tables, percentages, mean scores, and median and standard deviations using the EViews 9 statistical package. The coding structure of the questionnaire and spreadsheet of the raw data collected have been made accessible in order to ensure more comprehensive investigation for further studies. Contribution/Originality: The informal sector plays a critical role in the economic landscape of most developing countries, especially in Nigeria. Previous studies on private investment determination focused more on the formal sector. This study contributes to the existing literature by empirically identifying the various determinants of private investment within the purview of informal economy.
The Journal of Social Sciences Research, 2019
Due to the recent financial scandals, there has been a growing need and debate amongst researcher... more Due to the recent financial scandals, there has been a growing need and debate amongst researchers on variables to strengthen the corporate governance of a firm. This study examined the relationship between foreign expatriates on board and financial performance of deposit money banks in Nigeria. Applying panel methodology for the period of 2008 to 2016 as well as other econometric analysis such as descriptive analysis, correlation analysis and Hausman test, the findings revealed a positive but insignificant relationship exist between foreign expatriates on board and financial performance of sampled deposit money banks in Nigeria. The study recommends that banks should ensure that they have an appropriate number of foreign directors on their board who have diverse skills and wealth of experience in order to make their performance on the banks significant. Also, developing countries who don’t have access to foreign directors can train their local directors in foreign countries so as t...
Cogent Economics & Finance, 2019
This paper primarily aims at analysing the impact of (intermediate) tariffs on intraregional inte... more This paper primarily aims at analysing the impact of (intermediate) tariffs on intraregional intermediate exports between 2000 and 2015 with the aim of predicting the likely implications this has for regional value chains within the Economic Community of West African States (ECOWAS). As a secondary objective, the paper investigates whether corresponding effectively applied tariffs significantly affect other classification of exports-all products, raw products and consumer products. Paying attention to the Heckman Two-step technique, we find that tariffs on intermediate products do not significantly drive intermediate exports, inter alia. And as garnered from the auxiliary regression, generally, tariffs are not sufficiently low as to bolster intraregional exports in ECOWAS. The statistical insignificance of intermediate tariffs implicates that the prevailing effectively applied tariff levels is not likely to augur well for formation and strengthening of new and existing value chains in ECOWAS. The need for this regional economic community to consider reviewing tariffs downwards is exigent for both the success of value chains and regional trade integration in general.
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Papers by OLUWASEGUN ESEYIN