Most recent issue published online in the African J. of Economic and Sustainable Development.
African J. of Economic and Sustainable Development
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African J. of Economic and Sustainable Development
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African J. of Economic and Sustainable Development
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http://www.inderscience.com/browse/index.php?journalID=382&year=2024&vol=9&issue=3
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Vulnerability and adaptation of rice value chains in Benue State, Nigeria
http://www.inderscience.com/link.php?id=136055
This study provides a synchronic baseline assessment of the complexities of the rice value chains (RVCs) in Benue State, Nigeria. Data sets were drawn from face-to-face (n = 72) interviews with RVCs' actors (growers, millers, and traders) in three study areas. The vulnerability scoping diagrams (VSDs) were applied to help examine the components of RVCs actors' exposure, sensitivity, and adaptation practices in detail. The results highlighted uneven vulnerabilities among the RVCs' actors based on geographical location, cropping, milling, market system, and spatio-temporal dynamics. In addition to uncovering specific interactions of the effects of vulnerability with the downstream components of the RVCs, this study found several adaptation practices that were not only characterised by trade-offs and uncertainties but resulted in maladaptation outcomes that increased vulnerability. This study emphasises the importance of taking into account the effects of multiple interactions of vulnerability with actors along the chain when developing vulnerability reduction and resilience-building strategies.
Vulnerability and adaptation of rice value chains in Benue State, Nigeria
Fanen Terdoo
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 177 - 200
This study provides a synchronic baseline assessment of the complexities of the rice value chains (RVCs) in Benue State, Nigeria. Data sets were drawn from face-to-face (n = 72) interviews with RVCs' actors (growers, millers, and traders) in three study areas. The vulnerability scoping diagrams (VSDs) were applied to help examine the components of RVCs actors' exposure, sensitivity, and adaptation practices in detail. The results highlighted uneven vulnerabilities among the RVCs' actors based on geographical location, cropping, milling, market system, and spatio-temporal dynamics. In addition to uncovering specific interactions of the effects of vulnerability with the downstream components of the RVCs, this study found several adaptation practices that were not only characterised by trade-offs and uncertainties but resulted in maladaptation outcomes that increased vulnerability. This study emphasises the importance of taking into account the effects of multiple interactions of vulnerability with actors along the chain when developing vulnerability reduction and resilience-building strategies.]]>
10.1504/AJESD.2024.136055
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 177 - 200
Anupama Sharma
Vipin Kumar
S.R. Singh
C.B. Gupta
Department of Geography and Regional Planning, Federal University Dutsin-Ma, P.M.B. 5001 Katsina State, Nigeria
multiple exposures
maladaptation
vulnerability scoping diagram
VSD
socio-ecological systems
SES
West Africa
Nigeria
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Copyright © 2024 Inderscience Enterprises Ltd.
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The significance of refinanced letter of credit in cross-border financing in Nigeria
http://www.inderscience.com/link.php?id=136059
The volume of import, letter of credit (LC), foreign portfolio investment (FPI), and foreign direct investment (FDI) were analysed to ascertain the impact of each of the three variables on import trade. This is to appraise the significance of cross-border financing on trade in Nigeria. The study used descriptive statistics, a pair-sampled t-test and ordinary least square regression. The study showed that FDI does not have a significant impact, but FPI has a negative significant impact on import trade while trade lines using LC have impact on import trade in Nigeria. The trends revealed peaks and troughs in the volume of LC, FPI, and FDI and it was also established that over 60% of LC paid by first-tier commercial banks and merchant banks in Nigeria were settled using credit lines. The credit line from the result facilitates trade and ensures trade flow.
The significance of refinanced letter of credit in cross-border financing in Nigeria
Mercy Femi-Olagundoye; Rufus Ishola Akintoye
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 201 - 218
The volume of import, letter of credit (LC), foreign portfolio investment (FPI), and foreign direct investment (FDI) were analysed to ascertain the impact of each of the three variables on import trade. This is to appraise the significance of cross-border financing on trade in Nigeria. The study used descriptive statistics, a pair-sampled t-test and ordinary least square regression. The study showed that FDI does not have a significant impact, but FPI has a negative significant impact on import trade while trade lines using LC have impact on import trade in Nigeria. The trends revealed peaks and troughs in the volume of LC, FPI, and FDI and it was also established that over 60% of LC paid by first-tier commercial banks and merchant banks in Nigeria were settled using credit lines. The credit line from the result facilitates trade and ensures trade flow.]]>
10.1504/AJESD.2024.136059
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 201 - 218
Mercy Femi-Olagundoye
Rufus Ishola Akintoye
Babcock University, 121103, Ilisan, Remo, Ogun State, Nigeria ' Babcock Business School, Babcock University, 121103, Ilisan, Remo, Ogun State, Nigeria
credit line
letter of credit
import trade
foreign direct investment
FDI
foreign portfolio investment
FPI
foreign exchange
Nigeria
2024-01-15T23:20:50-05:00
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201
218
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Response of stock return volatility to money market rates in Nigeria
http://www.inderscience.com/link.php?id=136063
This study examined the effect of inter-bank rates (IBR) and prime lending rates (PLR) on stock market return volatility in Nigeria from January 2002 to December 2016. Descriptive statistics, unit root test (URT), heteroscedasticity, autocorrelation and GARCH (1.1) models were used to examine stock market returns volatility. A diagnostic test was conducted to ascertain the robustness of the estimated GARCH model. It was found that volatility clustering persists in the Nigerian stock market, suggesting that volatility shocks from the previous period will not disappear in the current period for a long time. Consequently, the government should establish a mechanism for monitoring banks' foreign exchange activities to reduce the high cost of borrowing among banks and reduce their liquidity pressures. A reduction in prime lending rates by banks to their customers/investors will encourage them to borrow more.
Response of stock return volatility to money market rates in Nigeria
Stephen Friday Aleke; Collins Okechukwu Irem; Chinonso John Ugwoke; Oketa Chiamaka Eunice
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 219 - 238
This study examined the effect of inter-bank rates (IBR) and prime lending rates (PLR) on stock market return volatility in Nigeria from January 2002 to December 2016. Descriptive statistics, unit root test (URT), heteroscedasticity, autocorrelation and GARCH (1.1) models were used to examine stock market returns volatility. A diagnostic test was conducted to ascertain the robustness of the estimated GARCH model. It was found that volatility clustering persists in the Nigerian stock market, suggesting that volatility shocks from the previous period will not disappear in the current period for a long time. Consequently, the government should establish a mechanism for monitoring banks' foreign exchange activities to reduce the high cost of borrowing among banks and reduce their liquidity pressures. A reduction in prime lending rates by banks to their customers/investors will encourage them to borrow more.]]>
10.1504/AJESD.2024.136063
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 219 - 238
Stephen Friday Aleke
Collins Okechukwu Irem
Chinonso John Ugwoke
Oketa Chiamaka Eunice
Department of Banking and Finance, Alex Ekwueme Federal University, Ndufu Alike, Ebonyi State, Nigeria ' Department of Banking and Finance, Alex Ekwueme Federal University, Ndufu Alike, Ebonyi State, Nigeria ' Department of Accountancy, Alex Ekwueme Federal University, Ndufu Alike Ebonyi State, Nigeria ' Department of Accountancy, Alex Ekwueme Federal University, Ndufu Alike Ebonyi State, Nigeria
stock returns
volatility
inter-bank rate
IBR
prime lending rate
PLR
Nigeria
all share index
ASI
unit root test
URT
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The major determinants of the intra-ECOWAS market: do ICTs contribute significantly to the growth of intra-community trade?
http://www.inderscience.com/link.php?id=136073
The objective of this study is to identify and analyse the main determinants of intra-ECOWAS trade, to verify whether investments and the rapid penetration of ICT have a positive influence on the growth of intra-ECOWAS trade. Indeed, it emerges from this study that GDP, population and investments in ICT are variables which positively influence both exports and imports. Mobile phone subscriptions and customs duties only have a positive influence on exports. The hypothesis according to which ICT would have a positive influence on the growth of intra-ECOWAS trade is well and truly confirmed. Foreign direct investments do not have a favourable impact on intra-community trade. However, we see that their growth in volume over the last two decades is becoming increasingly important for all 15 ECOWAS countries.
The major determinants of the intra-ECOWAS market: do ICTs contribute significantly to the growth of intra-community trade?
Ferdinand Ouedraogo
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 239 - 254
The objective of this study is to identify and analyse the main determinants of intra-ECOWAS trade, to verify whether investments and the rapid penetration of ICT have a positive influence on the growth of intra-ECOWAS trade. Indeed, it emerges from this study that GDP, population and investments in ICT are variables which positively influence both exports and imports. Mobile phone subscriptions and customs duties only have a positive influence on exports. The hypothesis according to which ICT would have a positive influence on the growth of intra-ECOWAS trade is well and truly confirmed. Foreign direct investments do not have a favourable impact on intra-community trade. However, we see that their growth in volume over the last two decades is becoming increasingly important for all 15 ECOWAS countries.]]>
10.1504/AJESD.2024.136073
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 239 - 254
Stephen Friday Aleke
Collins Okechukwu Irem
Chinonso John Ugwoke
Oketa Chiamaka Eunice
University Thomas Sankara (former Université Ouaga 2), P.O. Box 2, BP 5953, Ouagadougou 02, Burkina Faso
ECOWAS bilateral trade performances
major determinants
ICT impact
gravity model analysis
2024-01-15T23:20:50-05:00
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254
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Effects of the civil war on financial inclusion in South Sudan: theory and evidence
http://www.inderscience.com/link.php?id=136075
The paper surveys the existing literature and sheds light on ways through which the South Sudanese Civil War that stretched from 2013 through 2018 has stunted the growth of the infant financial sector, with implications on the business climate and financial inclusion. While the majority of South Sudanese people were financially excluded owing to the country's past legacies, the paper finds that the internal conflict has worsened many indicators of financial inclusion, including by necessitating closure of bank branches, placing a dent on the ATM geographic penetration, and constraining household access to credit. It concludes by outlining policy measures to advance financial inclusion. The suggested options include efforts to strengthen key economic institutions and improve regulatory and supervisory frameworks while promoting banking policies that support the usually excluded segments of the society, including small and medium-sized enterprises, women, youth, farmers, and poor households.
Effects of the civil war on financial inclusion in South Sudan: theory and evidence
James Alic Garang
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 255 - 271
The paper surveys the existing literature and sheds light on ways through which the South Sudanese Civil War that stretched from 2013 through 2018 has stunted the growth of the infant financial sector, with implications on the business climate and financial inclusion. While the majority of South Sudanese people were financially excluded owing to the country's past legacies, the paper finds that the internal conflict has worsened many indicators of financial inclusion, including by necessitating closure of bank branches, placing a dent on the ATM geographic penetration, and constraining household access to credit. It concludes by outlining policy measures to advance financial inclusion. The suggested options include efforts to strengthen key economic institutions and improve regulatory and supervisory frameworks while promoting banking policies that support the usually excluded segments of the society, including small and medium-sized enterprises, women, youth, farmers, and poor households.]]>
10.1504/AJESD.2024.136075
African J. of Economic and Sustainable Development, Vol. 9, No. 3 (2024) pp. 255 - 271
Stephen Friday Aleke
Collins Okechukwu Irem
Chinonso John Ugwoke
Oketa Chiamaka Eunice
Upper Nile University, Munuki Campus, Juba, Republic of South Sudan; Africa Center for Financial Inclusion, Block 1 Bilpam Road, Opposite Pension Building, Juba, Republic of South Sudan; Bank of South Sudan, Plot No. 1, Block D6, P.O. Box 136, Juba, Republic of South Sudan
wars
financial development
financial inclusion
financial services
South Sudan
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Copyright © 2024 Inderscience Enterprises Ltd.
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255
271
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