JOHNSON O ADELAKUN | University of Ibadan (original) (raw)

Papers by JOHNSON O ADELAKUN

European Journal of Business and Management, Nov 15, 2011

Human capital is an important factor used in converting all resources to mankind's use and benefi... more Human capital is an important factor used in converting all resources to mankind's use and benefit. Economists observed that the development and utilization of human capital is important in a nation's economic growth. However, the illiteracy rate in Nigeria is high and many workers are unskilled, leading to their low productivity; hence, this study shows the relevance of human capital development to the growth of the economy. It evaluates human capital development and economic growth in Nigeria by adopting conceptual analytical framework that employs the theoretical and ordinary least square (OLS) to analyze the relationship using the GDP as proxy for economic growth; total government expenditure on education and health, and the enrolment pattern of tertiary, secondary and primary schools as proxy for human capital. The analysis confirms that there is strong positive relationship between human capital development and economic growth. Following the findings, it was recommended that stakeholders need to evolve a more pragmatic means of developing the human capabilities, since it is seen as an important tool for economic growth in Nigeria. Also proper institutional framework should be put in place to look into the manpower needs of the various sectors and implement policies that will lead to the overall growth of the economy.

Hungarian educational research journal, Feb 27, 2023

This article presents the results of an interpretive case study of three lecturers teaching Engli... more This article presents the results of an interpretive case study of three lecturers teaching English at a South African University. The purpose of the study was to explore the lecturers' strategies to decolonize the curriculum succinctly. Purposive, with convenient sampling, identified the three most available lecturers. An emailed reflective activity, one-on-one semi-structured interviews, and document analysis were consulted for data generation. Inductive and deductive processes were used to ensure guided analysis of the generated data. The article argues that universities are not doing enough to help lecturers to have relevant strategies to decolonize the curriculum, particularly the English curriculum. This study revealed that the University environment allowed the lecturers to be left without any option other than the frequent use of verbal and habitual strategies in decolonizing the curriculum. Yet, they would prefer the option of using written strategies. As a result, the study copiously recommends that English lecturers use all three levels of strategies (written, verbal and habitual) to decolonize the university curriculum.

Energy RESEARCH LETTERS

Motivated by the fact that the majority of news outlets in Africa have not sufficiently covered c... more Motivated by the fact that the majority of news outlets in Africa have not sufficiently covered climate change issues, we innovatively construct a news-based index, drawing from the big data archive of Google Trends, as a proxy for publicity in the predictability of climate change. We show that increasing publicity about climate change has the potential to cause emission reduction and slow climate change.

International Journal of Health Sciences (IJHS), Apr 26, 2022

The quick transformation of a health challenge caused by the outbreak of the Covid-19 pandemic th... more The quick transformation of a health challenge caused by the outbreak of the Covid-19 pandemic that originated in Wuhan, China sometime in 2019 to a financial and economic crisis is intriguing. What is more disturbing is the speed at which lives are being lost and the spillover effects that are impacting the world economy and indeed African economies at this age and time with the advancement in technology and medical expertise? The spread of the pandemic is swift because of its crippling impact on the lives of citizens and the economies of nations. The paper adopted content analysis as a methodology in the study. And the study reveals how the spread of the Covid-19 pandemic has infected over 150 countries of the world and has had serious spillover effects on the economies of many African countries and responses to the pandemic are varied by various countries on the continent to contain the virus, to save lives and safeguard their economies. The study recommends African countries should vigorously carry out tests and treat infected patients quickly and also provide palliatives to the weakest members of the society to cushion the effects of the pandemic and tax payments by the small and medium scale enterprises should be suspended to support the businesses amongst others to safeguard their economies.

Journal of Construction in Developing Countries

The influence of fiscal policy measures on the economy is reflective of sectorial outputs like th... more The influence of fiscal policy measures on the economy is reflective of sectorial outputs like the Construction industry sector (CS) in Nigeria. However, the extent of the influence is vague making their interaction a concern, etc. This study investigated and examines the casualty and relationship between the Construction sector (CS) and selected fiscal policy measures like government revenue, public capital expenditure, gross fixed capital formation, and deficit finance as study variables. Using time series data of the study variables between 1980-2019, analyzed using the Co-Integration estimation technique (Bound Test approach of Auto Regressive Distributive Lag (ARDL)) and Pairwise casualty technique. The study findings show that a long-run and short-run relationship amongst all the variables was established but not significant except for Government Revenue. Similarly, the Pairwise Granger causality test confirmed that deficit financing and public capital expenditure have no casu...

Background The responsibility for transformation of Nigeria’s socioeconomic milieus is on the hee... more Background The responsibility for transformation of Nigeria’s socioeconomic milieus is on the heels of required performance of her energy resources particularly the trio of crude oil, natural gas and electricity. However, the question is whether there is relationship between the market prices of these energy resources and whether the energy resources prices could have significant negative and or positive effects on each other thereby stimulating a new possible equilibrium. Methods It is therefore set out to achieve this objectives by adopting time series data of the trio resources between 1980 and 2021, analyzed using Bound test approach of Autoregressive Distributed Lag (ARDL), Vector Autoregressive (VAR) model and pairwise causality test to determine the variables’ cointegration, relationship and causal effects. Results The study found that the trio of crude oil price, natural gas price and electricity tariff as energy resources are cointegrated with long run relationship but with...

Journal of Research in National Development, Aug 6, 2015

Asian Journal of African Studies, 2011

This study was based on Microfinance Banks as a catalyst for poverty alleviation in Oyo State. Th... more This study was based on Microfinance Banks as a catalyst for poverty alleviation in Oyo State. The study examines the following specific objectives: the impact of microfinance on poverty alleviation and household income; identifying the beneficiaries of microfinance banks' credit, and assessing if microfinance banks have brought about an increase in the number of the informal sectors and micro enterprises in Oyo state. A sample size of 1000 respondents was randomly selected from five local government areas in Oyo State. Two questionnaires were designed to request information from customers and the management of microfinance banks in the study areas. All hypotheses were tested at a 0.05 significance level. The result of the findings revealed that microfinance has positively impacted the informal sector in terms of accessibility to microcredit, household income, asset acquisition and empowerment. The study concludes that microfinance banks use the supply of capital as loans which can be used for capital investment to lead to an increased income as a measure to reduce poverty

JOURNAL OF SOCIOLOGY AND SOCIAL ANTHROPOLOGY, 2021

The South African government, like other countries, has put in place a variety of support measure... more The South African government, like other countries, has put in place a variety of support measures to aid potential entrepreneurs and existing entrepreneurs to expand their operations. It is unclear, to what extent understanding of these support measures impacts individual entrepreneurial orientation propensities (IEO). The study objective was to investigate the impact of government policy on IEO propensities of risk-taking, innovativeness and proactiveness to engage in entrepreneurial activity, from a systems analysis perspective. The research was carried out using mixed methods (quantitative and qualitative data). The Partial Least Squares Structural Equation Modelling (PLS-SEM) from Smart PLS 3.0 software was employed to analyse the data. The study was limited to 235 entrepreneurs from various towns, cities, and settlements in KwaZulu-Natal, South Africa who were present at Minara Chamber of Commerce Women’s Conference. The findings showed that government policy impact IEO propen...

The research work studies the relationship of globalisation on economic development of the Nigeri... more The research work studies the relationship of globalisation on economic development of the Nigerian economy. It uses the time series data over the period 1980 to 2012. The researchers therefore reviewed the existing literature on the implication of globalisation on the economic development of Nigeria. Thus the concepts of globalization and development as well as some components of Nigeria development and the impact of globalisation on the world economy are critically examined. The study make use of co-integration analysis to verify the long run relationship between globalisation and economic development and granger causality test was conducted to examine the direction as well as the nature of causality between the variables of globalization and economic development that is GDP growth rate. The regression result shows that all variables used have negative relationship except for foreign direct investment (FDI) and political instability (POL) but their parameter estimates are not sta...

African Journal of Business and Economic Research, Mar 26, 2022

Agricultural and resource economics, Mar 20, 2022

Journal of Emerging Trends in Economics and Management Sciences, 2010

The debate between financial economics and traditional actuarial science has continued to attract... more The debate between financial economics and traditional actuarial science has continued to attract the attentions of the academics and practitioners from various disciplines around the world. A survey of literature does not produce much consensus between the two sides of the debate. Actuaries largely seek to place value on cash flow stream, whereas financial economists believe market should do that for them since value is subjective while price is objective. The debate focuses on two main issues: the appropriate model used to value pension liabilities, and how pensionassets should be invested. The financial economists contend that pension benefits are bond-like and therefore should be valued by reference to a matching bond portfolio. This study considered these issues with a view to reconciling the actuarial methods to financial economics thinking by exploring the four major principles of financial economics in light of actuarial practice.

Journal of Economic and Financial Sciences, 2020

Research purpose: The primary objective of this study is to examine the role of oil prices in the... more Research purpose: The primary objective of this study is to examine the role of oil prices in the dynamics of exchange rate pass-through to domestic inflation in net oil-exporting and oil-importing countries. Motivation for the study: Motivated by the increasing evidence of significant responses of exchange rates to changes in oil prices, this study hypothesises that changes in oil prices matter for the degree and direction of exchange rate pass-through in the context of oil-importing and oil-exporting dichotomy. This study attempts to redefine the areas of ambiguities on the exchange rate, and other accompanying factors linked to it for clarity. Research approach/design and method: Using a macro panel data set, we explore the newly formulated non-linear panel autoregressive distributed lag model to account for asymmetries in our assessment of the role of oil prices in the degree and direction of pass-through of the exchange rate. Thus, in addition to reflecting the pass-through in a nonlinear form, this study also accounts for heterogeneity as well as non-stationarity. Besides, we also evaluate the role of prices in the pass-through of exchange rates symmetrically using the symmetric version of the Panel ARDL model. Main findings: Given the data under consideration, our empirical findings give credence to the school of thought challenging the widely held assertion that the declining pass-through of the exchange rate is mainly caused by the phenomenon of the developed market. Practical/managerial implications: We also find that accounting for asymmetries in the pass-through matters for the extent to which changes in oil prices accelerate the degree of pass-through. Contribution/value-add: This study finds evidence of an insignificant role of oil prices in the pass-through of the exchange rate fluctuations to inflation. Once the pass-through is captured asymmetrically, it becomes evident that changes in oil prices matter in the pass-through.

Korean Society For The Sociology Of Sport, Jun 1, 2019

SAPIENTIA FOUNDATION JOURNAL OF EDUCATION, SCIENCES AND GENDER STUDIES, Mar 19, 2021

Acta Universitatis Danubius: Oeconomica, 2019

This paper examined the long-run association of real exchange rates, real oil prices, interest ra... more This paper examined the long-run association of real exchange rates, real oil prices, interest rate, inflation and external debt in Nigeria. It used monthly data for the period, 1980-2017. The model employed in the study started with testing for the existence of unit roots which were found to be a combination of orders I(0) and I(1), fulfilling the ARDL condition. Also, using various cointegration tests, the study reveals that cointegration exists among the selected variables. The granger causality test found that oil price positively and significantly impacted exchange rates in Nigeria, suggesting that a rise in global oil prices resulted in exchange rate appreciation. In a similar way, increases in oil prices triggered inflation. In view of this, it is suggested that appropriate policy measures be considered during oil price increases to mitigate unfavourable movement in exchange rates.