Papers by OLUWATOSIN OLATUNJI OLUYOMI
Studia Universitatis „Vasile Goldis” Arad – Economics Series
This study empirically examined the role of the country’s absorptive capacity on the impact of do... more This study empirically examined the role of the country’s absorptive capacity on the impact of domestic investment on economic growth in the selected five African countries over the study period of 1970 to 2019. In specific, the study examined the impact of domestic investment on economic growth from two models, without the country’s absorptive capacity and with the country’s absorptive capacity. Further, a robust linear ordinary least squares (OLS) methodology including static panel OLS and panel cointegration estimators was employed. The study found that only changes in financial development and infrastructures positively cause changes in the domestic investment-economic growth nexus in the short run while in the long run, trade openness enhances the positive impact of domestic investment on economic growth in African countries. In addition, the study found that domestic investment retards economic growth without the country’s absorptive capacity in the short run and long run resp...
The Role of Digitalization in the Airline Industry Performance Amid COVID-19: Evidence From Emirate Airline Balanced Scorecard Performance
SSRN Electronic Journal
ABC Journal of Advanced Research, 2021
Theoretically, natural resource abundance is expected to create national wealth; however, the inc... more Theoretically, natural resource abundance is expected to create national wealth; however, the inconclusiveness in the literature and among the African rich resources motivated this study. Our paper investigated that does Nigeria's non-renewable resource abundance leads to sustainable macroeconomic performance? To achieve the objectives of this study, our paper employs descriptive trends analysis, using tables and charts to measure the relationship between the non-renewable resource abundance, proxied as oil and gas variables, and the selected macroeconomic variables to draw an inference within the study period of 1970 – 2014 in Nigeria. In summary, our study concludes that an inverse relationship exists between non-renewable resource abundance and macroeconomic performance in Nigeria for the covered period 1970 – 2014. Therefore, our study conforms to the existing studies of Sachs & Warner, 2001; Gylfasson, 2005, VanPloeg and Venables, 2013 that African rich-resources countries,...
ABC Journal of Advanced Research
Extant studies have found that entrepreneurship remains immune from business uncertainties to ach... more Extant studies have found that entrepreneurship remains immune from business uncertainties to achieve economic Sustainability. Although fewer studies show that innovative entrepreneurship is more than creating an enterprise, a destructive process is an impetus in achieving economic Sustainability amid business uncertainties. To this end, this study empirically examines the impact of innovative entrepreneurship on economic Sustainability in the selected private universities in Nigeria during the Pre and Post COVID-19 era. Five private universities in Nigeria were selected from the four phases of private universities in Nigeria since the deregulation of university education in 1999. In addition, descriptive statistics results from the last five Universities Webometrics rankings found that Covenant University only had a persistent economic sustainable trend between 2016 to 2019, while all the selected private universities except Covenant University were not remarkable in economic Susta...
Acta Universitatis Danubius, 2023
Numerous studies have tested the validity of the export-led growth hypothesis, yet, fewer studies... more Numerous studies have tested the validity of the export-led growth hypothesis, yet, fewer studies have considered the disaggregated exports into oil and non-oil exports-growth nexus and also test whether oil and non-oil exports cause economic growth in the literature. Therefore, this study tests the validity ofthe export-led growth hypothesis in Nigeria's oil and non-oil exports over the study period of 1970 to 2021. In line with the specific objectives of this study, autoregressive distributed lag (ARDL) and Granger causality tests were employed to estimate the short-run and long-run export-growth relationship as well as test the validity of the export-led growth hypothesis respectively. Annual secondary data was employed for this study. Results of this study found that oil exports and non-oil exports have negative and positive significant effects on economic growth in the short run and long run at 1% and 10% respectively. Furthermore, the findings revealed that the export-led growth hypothesis (ELGH) is not valid because the unidirectional causal relationship between oil and non-exports to economic growth was not statistically significant in Nigeria. Lastly, the study recommends the need to intensify the exports drive policies to improve and strengthen the oil exports and non-oil export sectors that will cause economic growth in the country, Nigeria.
ABC Journal of Advanced Research, 2021
Theoretically, natural resource abundance is expected to create national wealth; however, the inc... more Theoretically, natural resource abundance is expected to create national wealth; however, the inconclusiveness in the literature and among the African rich resources motivated this study. Our paper investigated that does Nigeria's non-renewable resource abundance leads to sustainable macroeconomic performance? To achieve the objectives of this study, our paper employs descriptive trends analysis, using tables and charts to measure the relationship between the non-renewable resource abundance, proxies as oil and gas variables, and the selected macroeconomic variables to draw an inference within the study period of 1970-2014 in Nigeria. In summary, our study concludes that an inverse relationship exists between non-renewable resource abundance and macroeconomic performance in Nigeria for the covered period 1970-2014. Therefore, our study conforms to the existing studies of Sachs & Warner, 2001; Gylfason, 2005, Van der Ploeg and Venables, 2013 that African rich-resources countries, including Nigeria, a non-renewable resource abundance retards macroeconomic performance within the period of study. Nonetheless, this study recommends that government should consistently endeavor to increase the proportion of education expenditure to total expenditure as well as same for capital expenditure to total expenditure, and finally, transform the economy from an oil-dependent economy to a non-oil driven economy, that is diversification of the economy, which would change the non-renewable resource-abundant nation from curse to blessing and thus, guarantee sustainable macroeconomic performance in Nigeria.
Nigeria between 1980 and 2018 shows a mixed relationship between education reforms and sustainabl... more Nigeria between 1980 and 2018 shows a mixed relationship between education reforms and sustainable development. In 2016, over 45 percent of Nigerian graduates are unemployed and about a 39.4 percent increase in education enrolment rate had resulted in stagnated economic sustainable development in Nigeria. Following the endogenous growth theory and the environmental Kuznets hypothesis underpinnings, this study investigated the cause and effect of education reforms and sustainable development in Nigeria between 1980 and 2018. The descriptive statistics employed describe the data distribution of the included variables while the vector error correction model (VECM) econometric technique was used to determine the short-run and long-run impact of education reforms on economic, social, and environmentally sustainable development in Nigeria. The results found that qualitative education reform has a positive impact on economic and environmentally sustainable development while quantitative ed...
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Papers by OLUWATOSIN OLATUNJI OLUYOMI