₦airaland Forum

...That's why we need independent data repositories...

Appliedmaths:
It is no longer news that our development indicators (data) are skewed for what whatever reason mostly political. That's why I encourage working with primary data. When you use a skewed sat of GDP data for policy simulation, my friend you are JONZING you self and the gullible masses.

But sadly the skewed data has become widely accepted and celebrated. Data collection and analyzing technique(s) ought to be reviewed.

This brings to mind the view 'theories are twisted to suit facts and not facts to suit theory'...but this begs a question: how factual are facts and to what extent do they measure accurately observable phenomena?

In a world of color blind people black and white alone exist and if this is termed a fact then a person without this disorder (but in such a world is consider sick!) would likely theorize based on observation out of the ordinary in that world but his theory would be thrown out for explaining colors not observable to the color blind...
So in a way, sometimes, facts may be twisted to suit empirically justified theories!

faithugo64:
Low self esteem
most women do that to feel beautiful and attractive to the opposite sex.

well i don't blame most of them,that's all they have got!

No brains,so they resort to using their bodies to get your attention!

GBAM!!! She hit the nail on the head without bias or prejudice...there are women and there are women...they're not all the same!

men like that are like babies throwing 'TANTRUMS'...and the solution is simple! Love him, pray for him, care for him but don't give him one thing ATTENTION when he's in MALICE-MUTE-MODE.

The malice will wear off when he realizes how DUMB he appears!

safarigirl:
LOL...abeg if you no like the video no watch am. See talk o.

Abeg how many times did you watch this video before you realised it was promoting homosexuality? E be like say una get time to dey watch video dey dissect them. Pesin even see homosexuality for shoki, me dey dance the thing una dey look video.

It's not by force to watch, if you're uncomfortable with what you see, I'm sure your remote is still functioning. The girls wey dey kiss each other no dey complain. If you watch finish and the thing sweet you, you sef go kiss babe. Abi na you be police or lawmaker wey suppose dey arrest people ni?

Too bad...these videos DE-SENSITIZE those that watch and strips them of every 'ounce' of CONSCIENCE producing anti-social practices like RAPE, PEDOPHILIA, INCEST, BESTIALITY and other vile practices...

It's rather unfortunate that the law prohibiting homosexuality was simply a POLITICAL POINT SCORED by an administration that needs a lot of damage control to do!

It's a pity...our fathers have eaten sour grapes and the children's teeth are set at edge...such a pity!!!

Of what use is GROWTH to Nigeria if it is not DEVELOPING? Of what use is a 510 billion dollars GDP if it accounts for 13 percent of global maternal mortality, 10.5 percent infant mortality rate, 60 percent youth unemployment rate...to mention but a few dismal indicators...Nigerian economists need to change the way they do economics...

efficiencie:
If the keynesian identity 1 holds for naija

Y=C+I+G+X-M ...1

With consumption defined in terms of income and tax

C=c(0)+c(1).(Y-T) ...2
where 0<c(1)<1

With tax partly lump sum and partly proportional

T=t(0)+t(1).Y ...3
where 0<t(1)<1

With investment defined in accordance with the MEI theory and accelerator theory

I=i(0)+i(1).r+i(2).δY ...4
Assuming that δY/Y=g suggesting a constant growth rate 'g'.
i(1)<0, 0<i(2)<1

With government being fiscally profligate such that when Y≥√(g(1)/g(2)), dG/dY≥0 and when Y<√(g(1)/g(2)), dG/dY<0 suggesting that at the threshold when Y*=√(g(1)/g(2)) government behavior changes

G=g(0)+g(1)/Y+g(2).Y
where g(1)>0, g(2)>0 and

Exports is assumed to be oil exports alone and is determined by nominal exchange rate 'e' and international oil price 'P' assuming domestic oil price to be numeraire.

X=x(0)+x(1).e+x(2).P
x(1)>0, x(2)>0

Imports is assumed to be non-oil and is determined by nominal exchange rate and income

M=m(0)+m(1).e+m(2).Y
m(1)<0, m(2)>0

Given the above information:
i. Solve the system for income Y

ii. What effect would a permanent reduction in oil price by: δP=P' have on income Y

iii. How would the consequence of a permanent oil price change of: δP=P' on income affect government spending decisions

...anybody attempting this...

goodluck and more grace to excel 2day...@teameconomics

goodluck @teameconomics

ol boy e...na die b dis o...after exam na psychiatric hospital straight...

Appliedmaths:
You don't rush in answering questions of these nature, if a whole ADF test fails Then we need to sitdown and re-strategize. My quick answer would be, log the model and see the result. But wait a minute, money supply this year also depends on the money supply of last year, so we can also lag the Ms variable in the model. These are my quick thoughts though.

yea M2 has a unique autoregressive scheme that makes me wonder if the M2 data was constructed and not measured...i don't trust the CBN's and NBS's integrity as i believe their data are driven by political objectives...

I tried al ur suggestns 2 no avail. i logged, changed the lag order of the augmented component of d ADF equation and tried othr tests bt yt M2 wasn't even stationary at 3rd difference...

i'm suspectin d presence of a NON-LINEAR TREND!!!

Appliedmaths:
To critically evaluate the impact of street trading activities as it affects the standard of living among youths practicing the act in Benin City.

Also to examine the factors that influences higher income generation among youth street traders in Benin City.

It's a well known fact that most people go into street trading activities ( which is currently the largest sub-sector of the informal sector) mainly for income generation. But the topic which is a first of its kind in Benin City, provides policy makers with step-by-step technical know how on how to manage the informal sector ( taking street trading as our target value) along side the formal sector efficiently which would rapidly boost the much more talked about economic growth. We are all part of the BIG economy, be it formal or informal. So instead of "isolating" the informal sector and growing the economy at a slow pace, why don't we in-corporate the informal sector to the bigger picture and race to economic growth and development.

I agree totally sir!

The dualistic nature of our economy coupled with the poor infrastructural base - human capital, social capital, functional judicial system, property rights protection etc - makes it pertinent that we grow the informal sector and evolve strategies to integrate their activities into the mainstream economy.

Your research work is profound and relevant, if only our Okonjo Iweala's and Emefiele's will see it and act on it sincerely!

If the keynesian identity 1 holds for naija

Y=C+I+G+X-M ...1

With consumption defined in terms of income and tax

C=c(0)+c(1).(Y-T) ...2
where 0<c(1)<1

With tax partly lump sum and partly proportional

T=t(0)+t(1).Y ...3
where 0<t(1)<1

With investment defined in accordance with the MEI theory and accelerator theory

I=i(0)+i(1).r+i(2).δY ...4
Assuming that δY/Y=g suggesting a constant growth rate 'g'.
i(1)<0, 0<i(2)<1

With government being fiscally profligate such that when Y≥√(g(1)/g(2)), dG/dY≥0 and when Y<√(g(1)/g(2)), dG/dY<0 suggesting that at the threshold when Y*=√(g(1)/g(2)) government behavior changes

G=g(0)+g(1)/Y+g(2).Y
where g(1)>0, g(2)>0 and

Exports is assumed to be oil exports alone and is determined by nominal exchange rate 'e' and international oil price 'P' assuming domestic oil price to be numeraire.

X=x(0)+x(1).e+x(2).P
x(1)>0, x(2)>0

Imports is assumed to be non-oil and is determined by nominal exchange rate and income

M=m(0)+m(1).e+m(2).Y
m(1)<0, m(2)>0

Given the above information:
i. Solve the system for income Y

ii. What effect would a permanent reduction in oil price by: δP=P' have on income Y

iii. How would the consequence of a permanent oil price change of: δP=P' on income affect government spending decisions

efficiencie:
for the econometricians, what do you do when a series like broad money supply (M2) obtained from the CBN statistical bulletin is not stationary at level, at first difference and at second difference even after correcting for a linear trend and using a suite of tests - DF, ADF, PP and KPSS

still waiting for the econometricians,..this is a serious empirical problem. models involving M2 sourced from the CBN bulletin would most definitely encounter this problem...so economic empiricists speak up!

Appliedmaths:
[b]Street trading and income generation among youths in Benin city. [/b]I'm just using chi-square to analyze my questionniare before running the regression. Chapter four, almost done.

d@s a great topic! info frm ur topic cn b used for SME policy formulation...that's if our policy makers are sincere at all...what are your objectives!?

Appliedmaths:
Are you sure BSc is your highest degree in economics? Just saying though, you are indeed correct. But on a platform like this I would advice you to employ simplicity in delivering your answers.

Econometrics! What's ur say on that? # Holla!

yea Bsc is ma highest tho i attemptd an Msc n had problms...so i'm redoing it...

i'l heed yur advice n b simple a la Occkham's principle!!!

Appliedmaths:
*Haha* U call BSc sadly? My friend stop the "humility" jare, BSc na him con hard pass d MSc's and Phd's. Its all good though, I'm fully subscribed to your thread.

Getting my hands stained with some chi-square goodness of fit for my project. Economics all the way.

oh chi-square? What's yur project topic!!!

How is the concept of the PARETO EFFICIENCY represented in the EDGEWORTH-BOWLEY BOX DIAGRAM? And how does the concept of PARETO EFFICIENCY apply to a country like Nigeria with high socio-economic inequalities?

If there's a STATE 'U' where a SIMULTANEOUS IMPROVEMENT in A's and B's utilities will be at the cost of B's and A's utilities respectively then the state 'U' is PARETO EFFICIENT!!!

DEGREE2466:
sorry you are wrong

it means one party must be worse off

i'm as right as you are! A state where a SIMULTANEOUS COSTLESS IMPROVEMENT of the utilities of agents in that state is not possible is PARETO EFFICIENT!

DEGREE2466:
in economics?

yeah sir!

for the econometricians, what do you do when a series like broad money supply (M2) obtained from the CBN statistical bulletin is not stationary at level, at first difference and at second difference even after correcting for a linear trend and using a suite of tests - DF, ADF, PP and KPSS

DEGREE2466:
what is Pareto efficiency?

it's a state where there's no other arrangement of resources that would result in the simultaneous and costless improvement of the utilities of the agents in that state.

technically MRS1(x,y)=MRS2(x,y)=...=MRSn(x,y) for the agents i={1,2,3,...n} and commodities (x,y)

d@s my take o! any contrary views?

Appliedmaths:
Impressive thread I must say, I hope fellow economists subscribe, so Mr OP what is your highest qualification if I may ask. # No disrespect.

sadly a bachelor's degree...

join in if you have issues with your research work or project and get the needed assistance...

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...prideful comments...if you have never wept then you never had eyes...

I have never voted and will never vote...Top-Bottom leadership systems have never worked but Bottom-Top communal systems have...and until we as a nation go communal in a confederate system of government we will see more violence, corruption and underdevelopment...

Unibenstudent:
I am in love with two awesome girls ,and they both love me in return!nthe question is,is it realistic or possible to wed them both when the time is right,,and another thing is the both of the ladies do not know each other! Matured advice pls!

for starters introduce those ladies to eachother as your girl friend...and from their reaction you can tell how long you'll live if you marry them both

the aforementioned suggests the presence of a nexus between persistent oil price shocks, monetary policy and aggregate expenditure...this is a researchable issue!