Faculty of Social Sciences

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    The impact of international trade and finance on Nigerian's economic growth, 1960-1987
    (Department of Economics, Obafemi Awolowo University, 1991) Oba, Olusanya Ayindele
    This study examined the impact of international trade and finance on Nigeria's economic growth during the period 1960-1987. The large number of empirical studies on trade and growth over the years failed to resolve the theoretical controversy over the contribution of trade and external finance to economic growth of developing countries.
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    Petrophysical evaluation of two reservoir sands in five wells in the western part of the Niger Delta.
    (Department of Geology, Faculty of Science, Obafemi Awolowo University, 1996) Abegunrin Omotola Omolade
    The petrophysical characteristics of two reservoir sands in five wells drilled in western part of the Niger Delta were studied using borehole geophysical (open hole) logs.
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    Effect of fiscal policy on private consumption in Nigeria (1981-2011)
    (Economics,Obafemi Awolowo University, 2014) Oseni, Isiaq Olasunkanmi
    The study examined the trend and pattern of fiscal policy variables and private consumption; established the existence of Ricardian Equivalence Hypothesis using Nigerian data; analyzed the relationship between government debt and private consumption; determined the impact of fiscal policy shocks on private consumption and investigated the effects of anticipated and unanticipated fiscal policy shocks on private consumption. This was with a view to providing information for announcement and post implementation effects of changes in fiscal policy variables on private consumption in Nigeria between 1981 and 2011. Secondary data were used for the study. Quarterly time series data on the Government Revenue, Government Expenditure, Government Debt, Interest Rates and Private Consumption from 1981:1 to 2011:4 were collected from Central Bank of Nigeria (CBN) Statistical Bulletin for various years (2008 – 2011) while data on Total Wealth, Disposable Income and Distortionary taxes were collected from World Development Indication, 2011. Data collected were analyzed using descriptive statistics and econometric techniques. The results of the trend and pattern analysis showed that there were cyclical movement between fiscal policy variables and private consumption in Nigeria for the periods of study. The results on the existence of Ricardian Equivalence Hypothesis in Nigeria indicated that only government expenditure confirmed the existence of Ricardian Equivalence Hypothesis in Nigeria (β = -0.1598, p<0.05) while other variables like distortionary taxes (β = 0.3837, p<0.05 instead of β = 0, p<0.05); disposable income (β = 0.0244, p>0.05 instead of β ≠ 0 , p<0.05); government debt (β = -0.3881, p<0.05 instead of β = -0 , p<0.05) and total wealth (β = 0.0793, p<0.05 instead β = 0 , p<0.05) showed that Ricardian Equivalence Hypothesis did not hold in Nigeria. The study also showed that government debt (β = -0.1208, p<0.05) had negative and significant effect on private consumption in Nigeria. The SVAR results revealed that government revenue shock (β = -0.97, p<0.05) and government spending shock (β = -0.36, p<0.05) had negative and significant impacts on private consumption while government debt shock (β = -0.38, p>0.05) had positive and insignificant effect on private consumption. Finally, the study also revealed that the coefficients of anticipated fiscal policy shocks (ε_t^ag= 1.6313, p<0.05; ε_t^ab= 0.1730, p<0.1 and ε_t^atr= -0.4003, p>0.05) had significant impacts on private consumption while the coefficients of unanticipated fiscal policy shocks (ε_t^ug= 9.81E-07, p<0.05; ε_t^ub= -2.33E-07, p<0.05 and ε_t^utr= -7.50E-08, p>0.05) had no significant effect on private consumption in Nigeria. The study concluded that the existence of REH in Nigeria was inconclusive. Also the announcement of government policies had immediate effect on private consumption while the implementation period had no effect on private consumption.
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    Coception of a good old age among Literate Adults in Osun State, Nigeria.
    (Dept of psychology, Faculty of Social Science, Obafemi Awolowo University., 2015) Abadahunsi,R.O.
    This study examined the conception of a good old age among various groups of adults and described the influence of gender, age, marital status, religion educational level on the conception of a good old age in Osun State. This was with a view to define and determine factors that influence the definition of successful aging among literate adults in Nigeria.
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    Corporate governance , cash holdings and firm value of qouted Non-financial firms in Nigeria.
    (Department of Economics, Faculty of Social Sciences, Obafemi Awolowo University., 2015) Abanikanda, Ezekiel Olamide
    The study examines the patterns of cash holdings and firm value of quoted non-financial firms in Nigeria over the period of 2008 to 2013. It also examines the effect of Corporate governance and cash holdings on form value of quoted non financial firms in Nigeria.
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    Influence of Micro financing on the performance of Micro enterprises in Osun State
    (department of Economics, Faculty of Social Sciences, Obafemi Awolowo University, 2015) Adelowo, Abass Gabriel
    The study appraised the Institutional arrangement for micro financing in Osun State and assessed the extent to which Micro financing meets the credit needs of micro enterprises in State. It indentified the factors that influenced micro entrepreneur s access to microfinance .
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    Assessement and managent of health related Quality of life of Cardiovascular Patients Caregivers in Obafemi Awolowo University Teaching Hospitals Complex., Ile-Ife Osun State Nigeria.
    (Department of Psychology, Faculty Social sciences, Obafemi Awolowo University, Ile-Ife Osun State Nigeria., 2022) Stephen Ishola Babatunde
    The study determined the level of health-related quality of life of caregivers of cardiovascular diseases (CVDs) patients in Obafemi Awolowo University Teaching Hospital Complex (OAUTHC), It also examined the predictive role of psychological distress on health-related quality of life of caregivers of CVDs patient and assessed the influence of socio-demographic factors on health-related quality of life of CVDs patient’s caregivers. It further investigated the efficacy of psycho-educational program on the health-related quality of life of caregivers of CVDs patients in the study area. These were with the view to providing information on the assessment and management of health-related quality of life of CVDs patients’ caregivers in the study area. The study carried out in two phases involve assessment (survey) and management (experimental). Primary data were used for the study. A descriptive survey design was adopted in the first phase of the study. A sample of 42 caregivers was purposively selected for the study. Two standardised psychological scales;the 15D Health-related Quality of Life Scale (HQOL) and Kessler’s Psychological Scale (KPS).The one-group pre-test post-test quasi-experimental research design was adopted in the second phase of the study. Data collected were analysed using percentage counts and the independent sample t-test. The respondents in the second phase were those who scored 11-15 on the HRQoL. A purposive sampling technique was used to select 10 respondents, who were enrolled into the intervention (experimental) group. Only the HRQoL was used for the data collection. Data collected in this phase were analysed using the t-test. The Results showed that majority 17(40.47%) of the caregivers have poor health-related quality of life. The results also showed a significant prediction of psychological distress on the dimension of physical functioning and support (β = 0.31, t=2.10 p<0.05; β = 0.35, t=2.15 p<0.05) respectively. The results also showed that there was no socio-demographic differences and effects on the outcome variables. Finally, psycho-educational programme therapy had statistically significantly enhanced the health-related quality of life of caregivers of CVDs patients(mean = 9.600, SD = 1.26, t = 8.433, df = 9, p < .05). The study concluded that psychological distress and their support have significant predictive role on health-related quality of life and psycho-education therapy can help improve the health quality of life of caregivers of CVD which actually has provided information on the assessment and management of health-related quality of life of CVDs patients’ caregivers in the study area.
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    Energy consumption and sectoral output performance in Nigeria (1981-2019)
    (Department of economics, Faculty of social sciences, Obafemi Awolow University., 2022) ADEYEMI Owolabi Williams
    The study examined a trend analysis of energy consumption and sectoral outputs in Nigeria,identified the direction of causality between energy consumption and sectoral outputs in Nigeria within the period of 1981-2019, and also determined the effect of energy consumption on sectoral outputs. These were with a view to examining the relationship between energy consumption and sectoral output performance in Nigeria.The descriptive research design, and annual secondary data for the period of 1981-2019 were employed in the study. Data on real Gross Domestic Product (GDP), energy consumption, labour force, exchange rate and agricultural, crude petroleum & mining, manufacturing, construction, and trade & services outputs for the study period were sourced from World Development Indicators (WDIs, 2021) published by the World Bank, and Central Bank of Nigeria (CBN) Statistical Bulletin. The study used descriptive statistics in form of tables and graphs, while the autoregressive distributed lag (ARDL) error correction mechanism model was adopted for the short run effect analysis, and the Fully Modified Ordinary Least Squares (FMOLS) with allowance for structural breaks was adopted for long run effect analysis. The results, in relation to the trend analysis, revealed that the trend of sectoral energy consumption demonstrated a divergent pattern from those of the key sectors of the economy. Specifically, turbulent trend patterns were observed for the energy consumption by each sector, which signified different energy availability and consumption patterns for the sectors, whose outputs showed a somewhat slow but progressive growth. On the issue of causality, the study established a unidirectional causality running from agricultural output to energy consumption (χ2= 11.1569, p < 0.001). Similar finding was established between trade and services output and energy consumption (χ2 = 8.8806, p < 0.001). However, a bidirectional causation was established between energy consumption (χ2 = 31.7560, p < 0.05) and manufacturing output (χ2 = 4.1180, p < 0.0424). The study further established no causality between energy consumption and both crude petroleum & mining, and construction output. On the effect of energy consumption on the disaggregated sectors of the economy, the study established that the agricultural sector experienced positive and significant effect of energy consumption (t = 3.3874, p < 0.01). However, a study further established that energy consumption has significantly negative effect on the construction sector output (t = -2.13, p < 0.05), while it also revealed that energy consumption has positive but insignificant effect on the trade & services sector. In the long run, however, the study reveals that energy consumption has both positive and significant effect on agricultural output (t = 5.49, p < 0.01), manufacturing output (t = 10.03, p < 1), construction output (t = 2.79, p < 0.01), and trade & services output (t = 18.82, p < 0.01). The study concluded that though there is positive relationship between energy consumption and sectoral performance in Nigeria, the contribution of the sectors to Nigeria’s economic growth is low, which is due to inadequate energy consumption.
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    External shocks, exchange rate regimes and macroeconomics performance in Nigeria (1970-2019).
    (Department of Economics, Faculty of Social Sciences. Obafemi Awolowo University., 2023) ELUWOLE, Odunayo Oluwatosin.
    This study appraised exchange rate policies and its implications for macroeconomic performance in Nigeria between 1970 and 2019; analysed the effect of external shocks on macroeconomic performance under exchange rate regimes in Nigeria and estimated the extent of exchange rate pass-through to domestic prices under different exchange rate regimes in Nigeria. It also investigated the sustainability of exchange rate regimes for macroeconomic stability in Nigeria. This were with a view to providing information on the most appropriate exchange rate regime for macroeconomic stability in Nigeria. The study used secondary data between 1970 and 2019. Quarterly data on exchange rate, oil price, money supply, trade openness, interest rate, inflation rate, industrial output, foreign inflation, foreign output, and foreign reserves were sourced from publications of World. Development Indicators (2020), CBN Statistical Bulletin (2020), International Financial Statistics (2020), British Petroleum (2020), and World Texas Institute (2020). The data collected were analysed using Structural Variance Autoregressive (SVAR) model, Non-linear Autoregressive. Distributed Lag (N-ARDL), and a two-state Markov-switching model. The results showed that over the long term, inflation stabilizes, while output increases under the flexible exchange rate, while inflation and output fluctuate widely under the fixed exchange rate regime. The results also revealed that the flexible exchange rate regime helps to insulate the Nigerian economy from external shocks in the long term than the fixed exchange rate regime. The results also reveal that exchange rate pass-through measures are lower under flexible exchange rate regime compared to the fixed exchange rate regime in Nigeria. Specifically, the results showed that exchange rate had a positive and statistically significant effect on inflation rate (t = 18.69, p < 0.05) in the long run under the fixed exchange rate regime; while exchange rate exerted a negative, and statistically significant effect on inflation (t = -1.53, p < 0.05) in the long run under the flexible exchange rate regime. Lastly, the results reveal that the flexible exchange rate regime lasts for a longer period than the fixed exchange rate regime, and thus engender macroeconomic stability. Specifically, the fixed exchange rate regime lasted only for 2 quarters (t= 12.05, p < 0.05) before it breaks, while the flexible exchange rate regime lasted for about 4quarters (t = 18.04, p < 0.05) before it breaks. The study concluded that the flexible exchange rate regime mitigates the impact of macroeconomic shocks and improves macroeconomic performance in Nigeria over the long term better than the fixed exchange rate regime.