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Kalu Idika Awa

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Papers by Kalu Idika Awa

Research paper thumbnail of Measuring the Impact of Bank Deposit Mobilisation on the Growth of the Nigerian Economy

Research paper thumbnail of An Empirical Analysis of the Effect of Government Expenditure on Economic Growth in Nigeria (1981-2013)

Research Journal of Finance and Accounting, 2016

The study adopted the ex-post facto research design using the ordinary least square regression an... more The study adopted the ex-post facto research design using the ordinary least square regression analysis to estimate the model specified. Real Gross Domestic Product (RGDP) was adopted as the dependent variable while government capital expenditure (CAPEXP) and government recurrent expenditure (RECEXP) represent the independent variables. Two hypotheses which flowed from the research questions were tested with the application of Granger Causality Test, Johansen Rank Cointegration Test and Error Correction Mechanism. There is a confirmation of the existence of a long run relationship and an indication that 2 cointegrating vectors exist at 5% level of significance. From the results, RECEXP Granger Cause RGDP while RGDP Granger Cause RECEXP. CAPEXP Granger Cause RGDP while RGDP Granger Cause CAPEXP. CAPEXT Granger Cause RECEXP while RECEXP does not Granger Cause CAPEXP. Thus, the study recommends amongst others, increased investment on the productive sectors of the economy, such as infra...

Research paper thumbnail of Functional structure and operational issues : An examination of core challenges and remedies

Research paper thumbnail of Changes in Crude Oil Prices and the Flow of Government Revenue

South Asian Journal of Social Studies and Economics, 2019

This work is set out as an investigation into the impact of change in oil prices on government re... more This work is set out as an investigation into the impact of change in oil prices on government revenue broken into oil and nonoil component. Drawing data from the Central Bank Statistical Bulletin and covering the period 1981 to 2018. The Autoregressive Distributed Lag (ARDL) Model was used because of its advantages over other regression techniques. It was found that changes in oil price affected oil revenue within the studied period leaving no significant impact on nonoil revenue. The result obviously reflects the Nigerian economy and its mono-product characteristic. It is therefore recommended that a conscious policy effort should be made to diversify the economy in a manner that makes revenue to the government multifarious functions.

Research paper thumbnail of The Causes, Dynamics, and Effects of the Global Economic Crisis

Journal of Economics and Sustainable Development, 2015

This paper examines the financial crisis that started around the middle of 2007 by looking at the... more This paper examines the financial crisis that started around the middle of 2007 by looking at the causes, dynamics and effects at the global, African, and Nigerian levels. Various literatures were perused, all blaming America's financial system as one of the causes, if not the main cause of the crisis. With the global dimension, its effects has been characterised by the failure of key businesses, decline in consumer wealth, substantial financial commitments incurred by governments and a significant decline in economic activity. Other indicators of the global financial crisis were in stock markets crash, collapse of large financial institutions or bailout, and governments in even the wealthiest nations having to come up with rescue packages to bail out their financial systems.

Research paper thumbnail of Linear and asymmetric analyses of macro-economic and bank-specific determinants of non-performing loans in West African Monetary Zone (WAMZ)

World Review of Entrepreneurship, Management and Sustainable Development, 2021

We used Panel ARDL and Panel NARDL to investigate the macroeconomic and bank-specific determinan... more We used Panel ARDL and Panel NARDL to investigate the macroeconomic and bank-specific determinants of Non-Performing Loan (NPL) in the West African Monetary Zone (WAMZ) for the period 2003 to 2018. We found that both bank-specific and macro-economic determinants jointly influence NPLs in varying degrees. There is also empirical evidence that NPL adjusts more non-linearly/asymmetrically to the dynamics of the bank-specific and macro-economic determinants than it does linearly. This discovery will
guide in rebalancing the policy direction in loan and credit administration from just a linear direction to a combination of linear and nonlinear perspectives especially in the WAMZ.

Research paper thumbnail of Measuring the Impact of Bank Deposit Mobilisation on the Growth of the Nigerian Economy

Research paper thumbnail of An Empirical Analysis of the Effect of Government Expenditure on Economic Growth in Nigeria (1981-2013)

Research Journal of Finance and Accounting, 2016

The study adopted the ex-post facto research design using the ordinary least square regression an... more The study adopted the ex-post facto research design using the ordinary least square regression analysis to estimate the model specified. Real Gross Domestic Product (RGDP) was adopted as the dependent variable while government capital expenditure (CAPEXP) and government recurrent expenditure (RECEXP) represent the independent variables. Two hypotheses which flowed from the research questions were tested with the application of Granger Causality Test, Johansen Rank Cointegration Test and Error Correction Mechanism. There is a confirmation of the existence of a long run relationship and an indication that 2 cointegrating vectors exist at 5% level of significance. From the results, RECEXP Granger Cause RGDP while RGDP Granger Cause RECEXP. CAPEXP Granger Cause RGDP while RGDP Granger Cause CAPEXP. CAPEXT Granger Cause RECEXP while RECEXP does not Granger Cause CAPEXP. Thus, the study recommends amongst others, increased investment on the productive sectors of the economy, such as infra...

Research paper thumbnail of Functional structure and operational issues : An examination of core challenges and remedies

Research paper thumbnail of Changes in Crude Oil Prices and the Flow of Government Revenue

South Asian Journal of Social Studies and Economics, 2019

This work is set out as an investigation into the impact of change in oil prices on government re... more This work is set out as an investigation into the impact of change in oil prices on government revenue broken into oil and nonoil component. Drawing data from the Central Bank Statistical Bulletin and covering the period 1981 to 2018. The Autoregressive Distributed Lag (ARDL) Model was used because of its advantages over other regression techniques. It was found that changes in oil price affected oil revenue within the studied period leaving no significant impact on nonoil revenue. The result obviously reflects the Nigerian economy and its mono-product characteristic. It is therefore recommended that a conscious policy effort should be made to diversify the economy in a manner that makes revenue to the government multifarious functions.

Research paper thumbnail of The Causes, Dynamics, and Effects of the Global Economic Crisis

Journal of Economics and Sustainable Development, 2015

This paper examines the financial crisis that started around the middle of 2007 by looking at the... more This paper examines the financial crisis that started around the middle of 2007 by looking at the causes, dynamics and effects at the global, African, and Nigerian levels. Various literatures were perused, all blaming America's financial system as one of the causes, if not the main cause of the crisis. With the global dimension, its effects has been characterised by the failure of key businesses, decline in consumer wealth, substantial financial commitments incurred by governments and a significant decline in economic activity. Other indicators of the global financial crisis were in stock markets crash, collapse of large financial institutions or bailout, and governments in even the wealthiest nations having to come up with rescue packages to bail out their financial systems.

Research paper thumbnail of Linear and asymmetric analyses of macro-economic and bank-specific determinants of non-performing loans in West African Monetary Zone (WAMZ)

World Review of Entrepreneurship, Management and Sustainable Development, 2021

We used Panel ARDL and Panel NARDL to investigate the macroeconomic and bank-specific determinan... more We used Panel ARDL and Panel NARDL to investigate the macroeconomic and bank-specific determinants of Non-Performing Loan (NPL) in the West African Monetary Zone (WAMZ) for the period 2003 to 2018. We found that both bank-specific and macro-economic determinants jointly influence NPLs in varying degrees. There is also empirical evidence that NPL adjusts more non-linearly/asymmetrically to the dynamics of the bank-specific and macro-economic determinants than it does linearly. This discovery will
guide in rebalancing the policy direction in loan and credit administration from just a linear direction to a combination of linear and nonlinear perspectives especially in the WAMZ.

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