Energy Consumption and Economic Growth in Nigeria: Correlation or Causality?

This study examined the causal relationship between economic growth and energy consumption in Nigeria during period 1980-2012 and employed the co-integration test, OLS analysis, error correction model . . .

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Bernard O. Muse
Pages : 108-120
Volume 3 , Issue 3
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Analysis of Transmission Channels and Mechanism of the Global Economic Crisis from Developed to South-East European Countries

The aim of the paper is to investigate the impact of financial crisis on the South-East European economies, throughout a series of econometric tests of a range of transmission mechanisms. Aggregate macroeconomic . . .

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Goce Petreski, Darko Lazarov
Pages : 121-132
Volume 3 , Issue 3
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On The Determinants of Credit Crunch in Italy: An Empirical Analysis on the Reasons Underlying This Phenomenon

The purpose of this paper is to investigate whether a credit crunch occurred in Italy during the recent financial crisis and to analyze the underlying factors. In order to disentangle credit supply and . . .

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Marco Mele, Floriana Nicolai
Pages : 133-145
Volume 3 , Issue 3
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The Effect of Net Foreign Assets on Saving Rate

Observing empirical data we find that many countries try to delay the decision of increasing saving rate in order to avoid a decrease of the living standards. However the delay leads a deterioration of . . .

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Nissim Ben David, Zvi Winer
Pages : 146-162
Volume 3 , Issue 3
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The Role of Deposit Money Banks in the Financing of SMEs in Nigeria

The objectives of this study are to determine how banks have financed the small and medium scale enterprises in nigeria,evaluate the problems that stalled the growth of smes in nigeria and find out appropriate . . .

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Emerah Ajevata Apollos, Oyedele Oloruntoba Stephen
Pages : 163-171
Volume 3 , Issue 3
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Domestic Debt Burden, Debt Overhang and Inflationary Pressure in Nigeria

This study is an attempt at examining the impact of financing public deficits and projects, through domestic borrowing as well as the burden created by this source of financing government activities, on . . .

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Tamunonimim Anipiriworima Ngerebo-A
Pages : 172-183
Volume 3 , Issue 3
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Decentralized Governance from the Perspective of Internally Generated Revenue for Local Development Finance: Analysis and Practice

The local governance in Ghana has been practised using different models over the years. These models were introduced by the colonial government which was highly centralised. The dynamics of local government . . .

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Kwaku D. Kessey
Pages : 184-192
Volume 3 , Issue 3
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Cultural, Relational and Social Participation in Italian Regions: Evidences from the Italian Context

In modern globalized times, leisure time, social and cultural participation are more and more fundamental issues for people to satisfy. Indagini Multiscopo sulle famiglie, a survey drawn up by the Italian . . .

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Guido Bonatti, Enrico Ivaldi, Riccardo Soliani
Pages : 193-207
Volume 3 , Issue 3
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