Journal of Economics and Sustainable Development, 2010
This paper examines the local government system in Nigeria, its relevance and impact in poverty r... more This paper examines the local government system in Nigeria, its relevance and impact in poverty reduction, economic growth and sustainable development. After a review of the local government system in Nigeria as an example of political, fiscal and economic decentralization, it examines the nature and evolution of local government in Nigeria as well as the roles and responsibilities of the local governments in the Nigerian context. In examining the deficiencies of the local government system in Nigeria one of the major issues seem to be a problem of accountability of local governments along with serious capacity issues. The paper concludes with a treatment of the imperatives for optimising the effectiveness of local governments in Nigeria.
This paper examines the local government system in Nigeria, its relevance and impact in poverty r... more This paper examines the local government system in Nigeria, its relevance and impact in poverty reduction, economic growth and sustainable development. After a review of the local government system in Nigeria as an example of political, fiscal and economic decentralization, it examines the nature and evolution of local government in Nigeria as well as the roles and responsibilities of the local governments in the Nigerian context. In examining the deficiencies of the local government system in Nigeria one of the major issues seem to be a problem of accountability of local governments along with serious capacity issues. The paper concludes with a treatment of the imperatives for optimising the effectiveness of local governments in Nigeria.
This article reports on a recent study that applies bivariate GARCH methodology to investigate th... more This article reports on a recent study that applies bivariate GARCH methodology to investigate the existence of a tradeoff between output growth and inflation variability in Nigeria and to ascertain the impact of monetary policy regime changes (from direct control regime to indirect or market based regime) on the nature of the volatility tradeoffs. Investigations reveal the existence of a short run tradeoff relationship between output growth and inflation within and across both regimes. However, no strong evidence of long run volatility relationship could be established. Our results further reveal that regime changes affected the magnitude of policy effects on output and inflation. Monetary policy had a stronger effect on output growth than on price stability during the period of direct control while it has a much larger impact on inflation during the current period of market-based regime. Also volatility of output and inflation became more persistent during the period of indirect control.
Journal of Economics and Sustainable Development, 2010
This paper examines the local government system in Nigeria, its relevance and impact in poverty r... more This paper examines the local government system in Nigeria, its relevance and impact in poverty reduction, economic growth and sustainable development. After a review of the local government system in Nigeria as an example of political, fiscal and economic decentralization, it examines the nature and evolution of local government in Nigeria as well as the roles and responsibilities of the local governments in the Nigerian context. In examining the deficiencies of the local government system in Nigeria one of the major issues seem to be a problem of accountability of local governments along with serious capacity issues. The paper concludes with a treatment of the imperatives for optimising the effectiveness of local governments in Nigeria.
This paper examines the local government system in Nigeria, its relevance and impact in poverty r... more This paper examines the local government system in Nigeria, its relevance and impact in poverty reduction, economic growth and sustainable development. After a review of the local government system in Nigeria as an example of political, fiscal and economic decentralization, it examines the nature and evolution of local government in Nigeria as well as the roles and responsibilities of the local governments in the Nigerian context. In examining the deficiencies of the local government system in Nigeria one of the major issues seem to be a problem of accountability of local governments along with serious capacity issues. The paper concludes with a treatment of the imperatives for optimising the effectiveness of local governments in Nigeria.
This article reports on a recent study that applies bivariate GARCH methodology to investigate th... more This article reports on a recent study that applies bivariate GARCH methodology to investigate the existence of a tradeoff between output growth and inflation variability in Nigeria and to ascertain the impact of monetary policy regime changes (from direct control regime to indirect or market based regime) on the nature of the volatility tradeoffs. Investigations reveal the existence of a short run tradeoff relationship between output growth and inflation within and across both regimes. However, no strong evidence of long run volatility relationship could be established. Our results further reveal that regime changes affected the magnitude of policy effects on output and inflation. Monetary policy had a stronger effect on output growth than on price stability during the period of direct control while it has a much larger impact on inflation during the current period of market-based regime. Also volatility of output and inflation became more persistent during the period of indirect control.
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Papers by Ito Diejomaoh