Browsing by Author "Adesanya, O."

Now showing 1 - 6 of 6
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    An Aggregate Import Demand Function for Nigeria: an Auto-Regressive Distributed Lag (ARDL) approach
    (Research Department, Central Bank of Nigeria., 2013-09) Englama, A.; Oputa, N. C.; Sanni, G. K.; Yakub, M. U.; Adesanya, O.; Sani, Z.
    The paper sought to examine the dynamics underlying the high import bills in Nigeria and proffered appropriate policy recommendations. In achieving this, the Autoregressive Distributed Lag (ARDL) technique was utilised to estimate the aggregate import demand function for Nigeria using the quarterly data covering the period 1970 to 2011. The paper found that the coefficients of external reserves, domestic consumer prices, level of income and exchange rate were all statistically significant, suggesting that these variables were important factors determining the level of imports in Nigeria. The short-run elasticity result revealed that Nigeria's aggregate demand for imports was both price and income elastic; implying that import demand would increase as the level of economic activity and domestic prices increased. Furthermore, the coefficient of the speed of adjustment revealed that it would take about 0.05 years for imports to respond to changes in any of the explanatory variables. The paper, therefore recommended appropriate fiscal policy measures to address the high level of consumer goods imports since it accounted for about 45.0 per cent of total imports between 2006 and 2011.
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    An aggregate import demand function for Nigeria: an Autoregressive Distributed Lag (ARDL) approach
    (Central Bank of Nigeria, 2013-09) Englama, A.; Oputa, N.C.; Sanni, G.K.; Yakub, M.U; Adesanya, O.; Sanni, Z.
    The paper sought to examine the dynamics underlying the high import bills in Nigeria and proffered appropriate policy recommendations. In achieving this, the Autoregressive Distributed Lag (ARDL) technique was utilised to estimate the aggregate import demand function for Nigeria using the quarterly data covering the period 1970 to 2011.
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    Does gender inequality retard productivity in Nigeria?: a search for evidence
    (Central Bank of Nigeria, Research Department., 2013-09) Golit, P.D.; Adesanya, O.
    The paper adopted the bounds test and autoregressive distributed lag approach to evaluate the impact of gender inequality in education on real productivity in Nigeria using quarterly data from 1985 to 2011. Empirical evidence to establish the rejection of the null hypothesis of no cointegration among the variables was provided .
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    Does Gender Inequality Retard Productivity in Nigeria?: a search for evidence
    (Research Department, Central Bank of Nigeria., 2013-09) Golit, P. D.; Adesanya, O.
    The paper adopted the bounds test and autoregressive distributed lag approach to evaluate the impact of gender inequality in education on real productivity in Nigeria using quarterly data from 1985 to 2011. Empirical evidence to establish the rejection of the null hypothesis of no cointegration among the variables was provided . The empirical results suggest that gender inequality in education depresses real productivity, with an output elasticity of -0.1 per cent per quarter. Further empirical evidence indicates that higher school enrolment of males enhances real productivity in Nigeria, while the influence of female school enrolment was not affirmative owing to some socio-cultural factors that tend to inhibit female participation in economic activities. The paper, thus, recommends the implementation of deliberate policies to improve female participation in economic activities besides strengthening the policy on affirmative action for women in Nigeria.
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    Promoting innovation in developing countries: a conceptual framework - a review
    (Central Bank of Nigeria, Research Department, 2007-03) Adesanya, O.
    The paper aimed at providing a solid conceptual framework for the promotion of innovation in developing countries from which appropriate policies can be developed. The growing interest in innovation promotion particularly technological innovation in developing countries stems from limitations experienced through traditional economic policies encapsulated in neo-liberalization.According to the author the concept of innovation encompasses not only technological innovation such as new products, but also includes new management styles, improved communication techniques and other new logistic arrangements.
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    Promoting Innovation in Developing Countries: a conceptual framework: a review
    (Central Bank of Nigeria, 2007-03-01) Adesanya, O.
    The paper aims at providing a solid conceptual framework for the promotion of innovation in developing countries from which appropriate policies can be developed. The author opines that the growing interest in innovation promotion particularly technological innovation in developing countries stems from limitations experienced through traditional economic policies encapsulated in neo-liberalization. In the author’s concluding remark, he posits that innovation in a broad sense is something new to a given context and the notion thus becomes generally acceptable to the peculiarities of developing economies from the most basic welfare improvements to the building of vibrant competitive industries. Consequently, the adoption, adaptation and creation of innovation should be engendered in the strengths of technological and institutional capabilities. Furthermore, the facilitation of international research cooperation and reducing the brain drain processes in developing countries would help to surfeit innovation opportunities.