Research Article
Implication of Deficit Financing on Econ
Ugwuanyi Geogina Obinne, Onoh, Uloma Adonye, Agbaeze, Clifford Chilasa
Middle East Research Journal of Economics and Management; 8-17.
DOI: 10.36348/merjem.2021.v01i01.002
Abstract: The study examined the implication of deficit financing on Economic recovery in Nigeria. The study used secondary data from CBN statistical bulletin on various issues as relevant for the period under study (1981-2019). Augmented Dickey Fuller (ADF) unit root test, Johanson Co-integration test and normality test were employed for the analysis. The research findings revealed that deficit financing through External debt borrowing has a significant positive effect on economic recovery in Nigeria. Also Domestic debt has a positive significant effect on economic recovery in Nigeria. The study therefore, recommends that Government should set up monitoring teams that will make sure that the budget is well and carefully implemented and as well as loan borrowed in other to reduce corruption, linkages and wastages, the team will do this by holding everyone accountable for every government money spent. We recommended that government should strive to diversify its revenue base and also demonstrate a high level of transparency in both its monetary and fiscal operations among others. Government should maintain optimum level of external debt as it is one of the mechanisms for economic growth but to an optimum level and that all external debts hould be effectively utilized for the purpose for which it was obtained so as to promote economic growth.
Research Article
Public Expenditure and Economic Development in Nigeria
Umoh Alphonsus Emmanuel, Anochie Uzoma C, Biradawa Kayadi
Middle East Research Journal of Economics and Management; 18-28.
DOI: 10.36348/merjem.2021.v01i01.003
Abstract: The main objective of this study was to investigate the impact of public expenditure on economic development in Nigeria. The design adopted for this study was ex-post-facto; data used for analysis were elicited from Central Bank Statistical Bulletin and Federal Ministry of Finance. To achieve this broad objective, a model was formulated based on empirical and theoretical reviews. The model used Human Development Index (HDI) as the dependent variable while public capital expenditure, public recurrent expenditure and external borrowing were the independent variables in the model. This study employed the Fully Modified Least Squares (FMOLS) Model to analyze data.The findings elicited from this study revealed that public capital expenditure, public recurrent expenditure and external borrowing all had positive and significant impact on human development index within the scope of this study. Inferential result deduced that public expenditure had positive and significant impact on economic development in Nigeria. The study recommended that urgent need to instill fiscal discipline in government expenditures by initiating far reaching effective internal control measures and more proactive economic management coordination and implementation as well as discouraging all non-productive activities and expenditures in all tiers of government forthwith. Government recurrent expenditure should be channeled to have effects on the economy, enhancing and promoting growth and development in the process. All non- productive activities and expenditure need to be reviewed forthwith while the role of government should be reappraised with more emphasis on providing the enabling policy environment for private sector initiatives.
Research Article
Self-Management of Emotional Intelligence and Its Effect on the Innovativeness Component of Entrepreneurship Orientation
Ihemeje JC, Adeleke Ezekiel Olukayode, Adegun Emmanuel Aderinola
Middle East Research Journal of Economics and Management; 29-45.
DOI: 10.36348/merjem.2021.v01i01.004
Abstract: The study examined self-management competence of emotional intelligence as it relates innovativeness variable of entrepreneurial orientation. The study used primary data that were generated via questionnaires that were administered on the selected respondents. Descriptive statistics, correlation and other diagnostics were used to analyze the data and to test the hypotheses. The study found a statistically significant relationship between self-management and innovativeness of the entrepreneur. Based on the findings of the study, it was recommended that the management of tertiary institutions in kogi state should encourage their staff to develop a natural tendency towards entrepreneurship. Also, management should allow staffs take actions without waiting for instructions. Staff of tertiary institutions should be further encouraged to identify opportunities and be creative in how they perform any work given to them. It is important for staff of tertiary institutions in kogi state to be aggressive in competing. In the office, there may be just one vacancy and lots of staff may be interested in taking the vacant post. Management of the tertiary institutions should strive to ascertain staff intelligence type before they train them to become autonomous. Also, management of the tertiary institutions in kogi state should ensure that professional seminar should always be organized on emotional intelligence for staff across tertiary institutions in order to enhance their level of entrepreneurial orientation.
Research Article
Consumer Attitude and Intention to Adopt Mobile Wallets in India
Dr. C.Vijai
Middle East Research Journal of Economics and Management; 46-52.
DOI: 10.36348/merjem.2021.v01i01.005
Abstract: In today – world, smart phone has become an essential part of one’s daily life. Mobile users can nowadays use their Smartphones to make money transactions or payments by using applications installed in the phone. When smartphones can function as leather wallets, it is called “Digital Wallet” or widely known as “Mobile Wallet”. The main aim of this empirical study is to examine the mobile wallets usage Consumer attitude and intention to adopt mobile wallet in Chennai city, India. The respondents were categorized on the basis of gender, age and occupation. The study is based on the primary data collected from 481 respondents by using a structured questionnaire. Five point likert scales was used in questionnaire for obtaining responses. The statistical tools applied in this study are ANOVA, Chi Square, Friedman Test, and frequency analysis. SPSS 20 was used to perform statistical analysis.
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