POVERTY AND INCOME INEQUALITY IN NIGERIA: ANY CAUSALITY?
Journal Title: Asian Economic and Financial Review - Year 2015, Vol 5, Issue 3
Abstract
The issue of poverty has continued to pose serious threat to the continued cordial existence of an economy like Nigeria. Issues pertaining to poverty and inequality have also continued to receive wider attention among scholars in various economies of the globe. However, there seems to be a gap in literature as to the existence of a causal relationship between poverty and inequality. Should there be causality; the direction of causality is yet to be known, especially as it pertains to Nigerian economy. Therefore, this study seeks to establish whether or not there is a causal relationship between poverty and inequality in Nigeria. Adopting Granger causality techniques, this study finds out that there is a direct line of causality between poverty and inequality as well as indirect channels through unemployment and low life expectancy on inequality which exacerbate poverty in Nigeria.
Authors and Affiliations
Evelyn Nwamaka Osaretin Ogbeide| Department of Economics, Samuel Adegboyega University, Ogwa, Edo State, Nigeria, David Onyinyechi Agu*| Department of Economics, University of Nigeria, Nsukka, Nigeria
Keywords
Related Articles
- EP ID EP2178
- DOI -
- Views 474
- Downloads 36
Earnings Management, Board Independence And Audit Fees Considering The Firm's Profitability Level
This study investigates the relation between earnings management, board independence and audit fees considering the firm's profitability level. Two main hypotheses have been designed by theoretical framework, and have be...
Exports-Led Growth Hypothesis in Pakistan: Further Evidence
The study considers the exports-led growth hypothesis using quarterly dataover the period 1990-2008 in case of Pakistan. For this purpose, Ng-Perronunit root test, ARDL bounds testing approach to cointegration and errorc...
An Empirical Analysis of the Determinants of Household Poverty in Turkey
This paper investigates the determinants of household poverty in Turkey using ordered logit model. It also focuses on parallel regression hypothesis and uses generalized ordered logit model. In this study, the data has b...
Long-Run and Short-Run Dynamics among the Sectoral Stock Indices: Evidence from Turkey
This paper investigates the short-run and long-run dynamics among the major sectoral stock indices of the Istanbul Stock Exchange over the period 1997-2011. Long-run relationship among these indices is analyzed by using...
MONEY DEMAND SENSITIVITY TO INTEREST RATES: THE CASE OF JAPAN’S ZERO-INTEREST RATE POLICY
The goal of this paper is to provide new evidence on how the zero-interest rate policy implemented by the Bank of Japan has affected the sensitivity of money demand with respect to the opportunity cost of holding money....