Macroeconomics Research Unit

Publications

  1. Aluko, O. A., & Obalade A. A. (2020) Financial development and environmental quality in sub-Saharan Africa: Is there a Technological Effect? Science of the Total Environment. 747, 141515
  2. Obalade A. A. & Muzindutsi, P.F. (2020). Static or Adaptive? The Month-of-the-year and Intra-month effects in African Stock Markets. International Journal of Monetary Economics and Finance, 13(3), 215-234.
  3. Obalade, A. A., & Muzindutsi, P-F. (2020). Validating the Adaptive Market Hypothesis in the Tunisian Stock Market. J. Trade and Global Markets, 13(1), 42-51.
  4. Kutu, A.A., Ngema, G., & Nzimande, N.P. (2020). Availability of Educational Resources and Student Academic Performances in South Africa. Universal Journal of Educational Research, 8(8): 3768-3781.
  5. Adekunle, C. P., Kutu, A.A., & Alori, D.A., (2020). Effects of Food Price Shocks on Nutritional Outcomes of Farm Households’ in Nigeria. Journal of Agricultural Extension, 24(3), 22-40.
  6. Owoeye, , Olanipekun, D.B., Akindele John Ogunsola, A.K., & Kutu, A.A., (2020). Energy Prices, Income and Electricity Consumption in Africa: The Role of Technological Innovation. International Journal of Energy Economics and Policy. Available at file:///C:/Users/kutuA/Downloads/9494-24768-1-PBIJEEP.pdf.
  7. Olarewaju O.M & Ibrahim S.S (2020). The Causal Relationship between the Performance of Construction Companies and Economic Growth: The case of South Africa. Test Engineering and Management, 83(3). http://testmagzine.biz/index.php/testmagzine/article/view/11306
  8. Obagbuwa Oloyede and Kweda Farai (2020). Determinants of Students’ Spending Habits: A Case Study of Students at a Premier University of African Scholarship. Accepted for publication in the journal of AFRICAN JOURNAL OF BUSINESS & ECONOMIC RESEARCH (AJBER).
  9. Vengesai, E. and Chikwira C., (2020) Firm Investment Behaviour and Stock Market Liquidity: Evidence from African Listed Firms. African Journal of Business and Economic Research 15(1), pp 167-186.
  10. Vengesai, E. and Kwenda, F., (2020). Firm investment behaviour and stock market liquidity: evidence from African listed firms. African Journal of Business and Economic Research15(1), pp.163-182.
  11. Vengesai Edson & Muzindutsi Paul., (2020) Effects of disaggregated country risk shocks on financing decisions of the JSE listed firms- International Journal of Economics and Finance Studies 12 No 1 pp 32-49 Jan 2020.
  12. Aboluwodi, D. and Nomlala, B., 2020. Investment Literacy of University Students in South Africa. Acta Universitatis Danubius. Œconomica16(1).
  13. Gordon T*, Booysen F and Mbonigaba J (2020) 3Socio-economic inequalities in the multiple dimensions of access to healthcare: The case of South Africa. BMC Public Health 20:289: 1-13
  14. Ngalawa H. and Komba, C. (2020). Inflation-output trade-off in South Africa: Is the Phillips curve symmetric, South African Journal of Economics. doi: 10.1111/saje.12264
  15. Muzindutsi, P.F. Sanelisiwe Jamile, Nqubeko Zibani & Obalade, A.A. (2020). The effects of political, economic and financial components of country risk on housing prices in South Africa. International Journal of Housing Markets and Analysis, Vol. 13, (4).
  16. Garidzirai, R & Muzindutsi, P.F. (2020). A Panel ARDL Analysis of the Productivity of Key Economic Sectors Contributing to Local Economic Growth in An Emerging Country. Studia Universitatis Babes Bolyai – Oeconomica, Vol.1, 39-53.
  17. Nhlapho R.N. & Muzindutsi, P.F. (2020). The Impact of Disaggregated Country Risk on the South African Equity and Bond Market. International Journal of Economics and Finance Studies, Vol. 12(1), 189-203.
  18. Adelakun, O. J., & Yousfi, K. (2020). Monetary Policy Shocks and Macroeconomic Fundamentals in South Africa. Emerging Economies Cases Journal, 2516604220919117.
  19. Adelakun, O. J., & Ngalawa, H. (2020). Modelling exchange rate pass-through: A model of oil prices and asymmetric exchange rate fluctuations. Journal of Economic and Financial Sciences13(1), 10.
  20. Adelakun, O. J. (2020). Does a monetary union matter for the degree of inflation persistence? The case of the West Africa monetary zone (WAMZ). Studies in Economics and Econometrics44(1), 1-34.
  21. Adelakun O.J, Afolabi B & Abuh U.B (2020). Macroeconomic variables and banking sector Development: Evidence from Nigeria. Technium Social Sciences Journal Vol. 8, 288-301, June 2020 ISSN: 2668-7798 techniumscience.com
  22. Adelakun O.J. & Olayiwola O.K (2020). Econometric Analysis of Export Led Growth in the Nigerian Economy. Journal of Economics and Management Sciences; Vol. 3, No. 2; 2020 ISSN 2576-3008 E-ISSN 2576-3016 https://doi.org/10.30560/jems.v3n2p38
  23. Wilfred, A. G., & Mbonigaba, J. (2020). Higher education enrolment in Sub-Saharan Africa: determinants and policy implications. International Journal of Education Economics and Development11(2), 165-187.
  24. Maama, H., & Mkhize, M. (2020). Integration of Non-Financial Information into Corporate Reporting: A Theoretical Perspective. Academy of Accounting and Financial Studies Journal24(2), 1-15.
  25. Maama, H., Akande, J.O. & Doorasamy, M. (2020). NGOs engagement and Ghanaian’s Environmental Accounting Disclosure Quality. Advances in Environmental Accounting and Management, 9, 55-83 (forthcoming)
  26. Maama, H. & Mkhize, M. (2020). Integrated Reporting practice in a Developing Country: Legitimacy or Stakeholder Oriented? International Journal of Disclosure & Governance (Accepted for Publication)
  27. Medusalem Nandjebo, Akande, Joseph Olorunfemi, and Samuel Olutuase. Modelling the effects of project cost management on project management performance: An application of SEM to Namibian MRCs. International Journal of Projects Organisation and Management, 2020 (in print)
  28. Akande, Joseph Olorunfemi, Olayinka Moses, and Dev Tewari. Board experience, corporate risk-taking and going concern: Evidence from south africa. IUP Journal of Accounting Research & Audit Practices, 19(1), 2020
  29.  
  1. Adeleke Omolade, Olumide Fawehinmi, Sunday Keji (2019) Human Capital and Capital Goods Import in the Sub Sahara Africa Acta Universitatis Danubius. OEconomica, Vol15(4)
  2. Adeleke Omolade, Harold Ngalawa and Adebayo Kutu (2019) Crude oil price shocks and macroeconomic performance in Africa’s oil-producing countries. Cogent Economics and Finance, Vol 7, issue 1
  3. Adeleke Omolade, Philip Nwosa and Harold Ngalawa, (2019) Monetary Transmission Channel, Oil Price Shock and the Manufacturing Sector in Nigeria. Folia Oeconomica Stetinensia. Vol 19 (1)
  4. Adeleke Omolade, Philip Nwosa and Ditimi Amassoma (2019). Structure and nature of alternative sources of electricity supply to households in Nigeria. Problems and Perspectives in Management, 17(2), 147-164
  5. Nwosa Philip, Adeleke Omolade and Kutu Adebayo (2019) Exchange Rate Regimes and Industrialization in Nigeria. African Journal of Business and Economic Research (AJBER) 14, (2), pp 91 – 106
  6. Oladotun Larry Anifowose, Omolade Adeleke, Sophia Mukorera (2019) Determinants of BRICs Countries Military Expenditure. Acta Universitatis Danubius. OEconomica, Vol15(4)
  7. Adeleke, O., & Josue, M. (2019). Poverty and green economy in South Africa: What is the nexus?. Cogent Economics & Finance7(1), 1646847.
  8. Obalade, A. A., & Muzindutsi, P-F. (2019). Time-varying Calendar Anomaly in African Stock Markets: Application of GARCH Models. Journal of Global Business and Technology, 15(2), 1-16.
  9. Obalade, A. A., & Muzindutsi, P-F. (2019). Calendar Anomalies, Market Regimes and Adaptive Market Hypothesis in African Stock Markets. Central European Management Journal, 27(4), 71-94.
  10. Obalade, A. A., Ebiwonjumi, A. & Adaramola, A.O. (2019). VAR Modeling of Dynamics of Poverty, Unemployment, Literacy and Per Capita Income in Nigeria. Folia Oeconomica Stetinensia. The Journal of University of Szczecin, Poland.19 (1), 73-88.
  11. Obalade, A. A. & Muzindutsi, P-F. (2019). The Adaptive Market Hypothesis And the Day-Of-The-Week Effect In African Stock Markets: the Markov Switching Model. Comparative Economic Research, Central and Eastern Europe, 22(3), 145-162.
  12. Azeez, B. A., & Obalade, A. A. (2019). Macroeconomic Determinants of Stock Market Development in Nigeria: (1981-2017). Acta Universitatis Danubius Œconomica, 15(1), 203-216.
  13. Alori, A. D., & Kutu, A. A. (2019). Export Function of Cocoa Production, Exchange Rate Volatility and Prices in Nigeria. Journal of Economics and Behavioral Studies11(2 (J)), 1-14.
  14. Muguto, H. T., Rupande, L., & Muzindutsi, P. F. (2019). Investor sentiment and foreign financial flows: Evidence from South Africa. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 37(2), 473-498.
  15. Rupande, L., Muguto, H. T., & Muzindutsi, P. F. (2019). Investor sentiment and stock return volatility: Evidence from the Johannesburg stock exchange. Cogent Economics & Finance, 7(1), 1600233.
  16. David, B., Richard, O. O., and Rotimi, M. E. (2019). Effects of Oil Wealth on Capital Accumulation in Nigeria: A Non-linear ARDL Approach. BABCOCK Journal of Economics Banking and Finance. Volume 6, June 2019.
  17. Rotimi, M. E., Adelakun, O. J., & Babatunde, D. (2019). Investigating Oil Prices and Exchange Rates Nexus in Nigeria: ARDL Approach. Acta Universitatis Danubius. Œconomica15(6).
  18. Akinleye, G. T., Olarewaju, O. M., & Fajuyagbe, B. S. (2019). Assessing the Effects of Corporate Taxation on the Investment Policy of Manufacturing Firms in Nigeria. Folia Oeconomica Stetinensia, 19 (2), 90-105.
  19. Ibrahim S.S & Olarewaju O.M (2019). Using Altman’s Z-Score Model to Predict Company’s Failure: The Case of Iraqi Private Companies. Test Engineering and Management, 81, 1995-2007. 
  20.    Olarewaju, O. M., & Olayiwola, J. A. (2019). Corporate Tax Planning and Financial Performance in Nigerian Non‐Financial Quoted Companies. African Development Review31(2), 202-215

  21. AAkinleye, G. T., Olarewaju, O. M., & Fajuyagbe, B. S. (2019). Market capitalization, bank lending and manufacturing firms’ output: an empirical evidence from Nigeria. African Journal of Business and Economic Research14(1), 69-84
  22. Akinleye, G.T., Olarewaju, O.M and Fajuyagbe, B.S. (2019). Corporate governance and financial performance: an empirical analysis of selected multinational firms in Nigeria. Problems and Perspectives in Management, 17(1), 11-18
  23.  Olarewaju, O.M, Migiro, S.O. & Sibanda, M. (2019). Examining the Bank-Specific Determinants of Dividend Payout Ratio in SSA Banks. Afro-Asian Journal of Accounting and Finance, 9(1), 40-59.

  24.  Adeyemi, F. K., & Olarewaju, O. M. (2019). Internal Control System and Financial Accountability: An Investigation of Nigerian South-Western Public Sector. Acta Universitatis Danubius. Œconomica15(1). 134-150.

  25. Ibrahim, S. S., & Olarewaju, O. M. (2019). Why is Higher Institution Students Un-banked in Duhok City? Evidence from a Survey Analysis. International Journal of Finance & Banking Studies (2147-4486)8(3), 13-20.
  26.   Vengesai Edson & Muzindutsi Paul., (2019) Country Risk Components and Firm Investment Behaviour of JSE Listed Firms The Journal of Accounting and Management 9 (2), 35-44. 2019.

  27. Zegeye, E. A., Mbonigaba, J., Kaye, S., & Johns, B. (2019). Assessing the cost of providing a prevention of mother-to-child transmission of HIV/AIDS service in Ethiopia: urban-rural health facilities setting. BMC health services research19(1), 148.
  28. Muchabaiwa L and Mbonigaba J (2019). Impact of the adolescent and youth sexual and reproductive health strategy on service utilisation and health outcomes in Zimbabwe. PLOS ONE | https://doi.org/10.1371/journal.pone.0218588
  29. Nzimande, and Ngalawa, H. (2019). The Endogeneity of Business Cycles Synchronisation in Southern African Development Community. 2019. Global Economy Journal, 19(2):1-12 ISSN (online) 2194-5659, DOI: 10.1142/S2194565919500106
  30. Nzimande, N. & Ngalawa, H. (2019). Fiscal Policy Sustainability in SADC Countries, The African Finance Journal, 86(21), Part1, pp. 86-97
  31. Rupande, L., Muguto, H.T. & Muzindutsi, P.F. (2019). Investor sentiment and foreign financial flows: Evidence from South Africa. Proceedings of Rijeka Faculty of Economics, Vol. 37 (2), 473-498.
  32. Rupande, L., Muguto, H.T. & Muzindutsi, P.F. (2019). Investor Sentiment and Volatility: Evidence from the Johannesburg Stock Exchange. Cogent Economics & Finance, Vol. 7. 1600233.
  33. Akinwale, Y.O. & Muzindutsi,F. (2019). Electricity consumption, trade openness and economic growth in South Africa: An ARDL approach. Journal of Economic Cooperation & Development, Vol. 40 (1).
  34. Adelakun O.J. (2019). Transmission of Exchange Rate Movement to Domestic Prices in Oil Producing Economy: Evidence of Nigeria. AUDŒ, Vol. 15, no. 7/2019, pp. 188-207 ISSN: 2065-0175.
  35. Adelakun O.J. (2019). Modelling Exchange Rate Pass-through: The Oil Prices –Asymmetries Prices Perspectives. AUDŒ, Vol. 15, no. 6/2019, pp. 245-264 ISSN: 2065- 0175
  36. Godwin O.E, Adelakun O.J, & Emmanuel O.A. (2019). The Nexus of Geopolıtıcal Rısk and the Stock Returns: Evıdence from Turkey Usıng Wavelet Analysıs. Research Journal of Economics & Business Studies. 8(10). 49- 66. ISSN: 2251 1555. www. theinternationaljournal.org
  37. Emmanuel O.A, Adelakun O.J, & Godwin O.E. (2019). Economic Growth, Unemployment and Interest Rate in Nigeria: Application of Fourier Toda-Yamamoto. Research Journal Science & IT Management. 8(10). 212-31. ISSN: 2251 1563. theinternationaljournal.org
  38. Joshua S. Adeyele, Ogorchukwu A. Isimoya, & Adelakun O.J. (2019). Enterprise Risk Management Awareness and Its Implementation on Performance of Service Firms in Nigeria. International Journal of Management Science Research, 5(1) pg. 83-105, ISSN 4582-2192 University of Jos Press, Nigeria
  39. Olawale Olusola Olarewaju & Gideon Tayo Akinleye (2019). Credit Management and Profitability Growth as a measure of manufacturing firm’s growth in Nigeria. Euroeconomica,Vol 15 No 2 (2019).
  40. Mbonigaba, J., & Wilfred, A. G. (2019). Productivity effects of human capital: an empirical investigation of health and higher education in South Africa. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu37(1), 277-301.
  41. Maama, H. & Appiah, K. O. (2019). Green accounting practices: lesson from an emerging economy. Qualitative Journal in Financial Markets, 11(4), 456-478 Access at https://www.emeraldinsight.com/doi/pdfplus/10.1108/QRFM-02-2017-0013
  42. Maama, H., Mkhize, M. & Kimea, A. (2019). Institutional Investors, Corporate Governance and Firm Performance: Evidence from Emerging Economy. African Journal of Business and Economic Research, 14 (3), 91-109. Access at: https://journals.co.za/content/journal/10520/EJC-1881eef76e
  43. Sebuhuzu Gisanabagabo (2019). An alternative Ratio to Measuring a Bank’s Asset Quality. Journal of Research Innovation and Implications in Education, 3 (2), pp. 77 – 86.
  44. Okofo-dartey, E. and Kwenda, F. (2019) Mergers and Acquisitions and Firms’ Value Growth in Emerging Markets African Review of Economics and Finance ISSN 2042-1478 | Volume 11 | Issue 2 | December 2019  pp 246- 271 https://www.african-review.com/view-paper.php?serial=20200617192548-271424
  45. Okofo-dartey, E. and Kwenda, F. (2019) Working capital and mergers and acquisitions transactions by emerging market acquirers. African Review of Economics and Finance ISSN 2042-1478 | Volume 11 | Issue 2 | December 2019 pp 219- 245 https://www.african-review.com/view-paper.php?serial=20200617192351-324103
  46. Chinoda, T and Kwenda F. (2019)  The impact of institutional quality and governance on financial inclusion in Africa: A GMM approach Journal of Economics and Financial Services Vol 12 No. (1) 1-9 https://jefjournal.org.za/index.php/jef/article/view/441/803
  47. Blanche Steyn, Farai Kwenda & Lesley Stainbank(2019) Do board-level controls matter? – An agency perspective on socially responsible investment (SRI) company boards in South Africa, South African Journal of Accounting Research, DOI: 1080/10291954.2019.1675255
  48. Marimuthu F and Kwenda F (2019) The Relationship between Executive Remuneration and Financial Performance in South African State-Owned Entities Academy of Accounting and Financial Studies Journal Vol 23 No. (4) pp 1-18 https://www.abacademies.org/articles/The-Relationship-between-Executive-Remuneration-and-Financial-Performance-1528-2635-23-4-445.pdf
  49. Chinoda, T. and Kwenda F. (2019) Do mobile phones, economic growth, bank competition and
    stability matter for financial inclusion in Africa
    Cogent Economics and Finance https://doi.org/10.1080/23322039.2019.1622180
  50. Chinoda, T. and Kwenda F. (2019) Financial inclusion condition of African countries. ACTA UNIVERSITATIS DANUBIUS AUDOE 15, No. 3 pp. http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5524
  51. Tough Chinoda and Akande, Joseph Olorunfemi. Financial inclusion, mobile phone diffusion, and economic growth; evidence from Africa. International Journal of Economics and Financial Issues, 9(5):1-7, 2019
  52. Akande, Joseph Olorunfemi, Farai Kwenda, and Dev Tewari. The interplay of competition, regulation and stability; the case of Sub-Saharan African commercial banks. Banks and Bank Systems, 14(1), 2019.
  53.  
  1. Patrick Ologbenla and Adeleke Omolade (2018) Fiscal policy and Macroeconomic shocks in Nigeria: Structural Vector Auto-regression SVAR Approach Journal of economics and behavioral studies. 10(3) 220-233.
  2. Adeleke Omolade and Obi, Maureen, Mukolu (2018). Monetary policy dynamics and economic growth of Sub-Sahara Africa. SSA. Journal of entrepreneurship business and economics 6(1) 36-58.
  3. Adeleke Omolade and Harold Ngalawa (2018) Oil price movements, exchange rate and the Nigerian manufacturing sector growth: A short run analysis. Investment management and financial innovations, 15(3) 376-391,
  4. Adaramola, A.O., Obalade, A. A., Akosile, M. O., Obalade, G. O. (2018). Effect of Dividend and Earnings on Stock Price Movement in Nigerian Banking Sector. Acta Universitatis Danubius Œconomica, 14(5), 229-243.
  5. Obalade, A. A. & Muzindutsi, P-F. (2018). Are there Cycles of Efficiency and Inefficiency? Adaptive Market Hypothesis in Three African Stock Markets. Frontiers in Finance and Economics, 15(1), 185-202.
  6. Adaramola, A.O., Obalade, A. A., & Adekanmbi, O. K. (2018). Impact of Privatisation on the Development of Nigerian Capital Market: A Reassessment. Acta Universitatis Danubius Œconomica, 14(6), 40-54.
  7. Obalade, A. A. & Muzindutsi, P-F. (2018). Return Predictability and Market Conditions: Evidence from Nigerian, South African and Mauritian Stock Markets. African Journal of Business and Economic Research, 13(2), 7-23.
  8. Zungu, S., Sibanda, M. and Rajaram, R., 2018. “The effect of the enterprise risk management quality on firm risks: a case of the South African mining sector.” African Journal of Business and Economic Research, 13(1), pp.115-133.
  9. Olarewaju, O.M. (2018). Income Diversification in Low Income Sub Saharan African Countries’ Commercial Banks: A “blessing” or “Curse”?. Folia Oeconomica Stetinensia, 18 (2), 90-105.
  10. Olarewaju, O.M., Akinola, G.W., & Yearwood, V. (2018). Do Financial Development and Personal Remittances Matter in South African Economic Growth? A Bound Testing Investigation. Business and Economic Horizons, 14(5), 954-969.
  11. Akinleye, G., Olarewaju, O.M., & Fajuyagbe, K. (2018). Free Cash Flow and Firms’ Growth: An Empirical Investigation of Nigerian Quoted Non – Financial Firms. Journal of Economics And Behavioral Studies, 10(3), 258-267. doi:10.22610/jebs.v10i3.2332.
  12. Olarewaju, O.M. (2018). Re-examining Causal Relationship between dividend policies and bank performance. Evidence from 30 Sub-Saharan African Countries. Actaoeconomica, 14(3), 254-277
  13. Olarewaju, O.M, Migiro, S.O. & Sibanda, M. (2018). Dividend Payout Ratio, Retention Ratio and Performance of Sub-Saharan Africa Banks, Any Causal Relationship? Studia Universitatis Babes-Bolyai. Serie: Oeconomica, 63(1), 37-62
  14.  Olarewaju, O.M., Oladejo, T.M., Ogunmakin, A.A. and Olarewaju. O.O (2018). Firm-Specific Determinants of Profitability in the Insurance Sector: Empirical Evidence from Nigeria. Euroeconomica, 37 (1), 95-107.

  15. Olarewaju, O.M, Olarewaju, O.O, Oladejo, T.M, & Migiro, S.O. (2018). Nexus of Bank Personnel and Cost-Income-Ratio (CIR) in Nigeria. Banks and Bank Systems (open-access), 12(4), 154-162. http://dx.doi.org/10.21511/bbs.12(4-1).2017.04
  16. Vengesai, E., and Kwenda, F., (2018) Cash Flow Volatility and Firm Investment Behaviour: Evidence from African Listed Firms: Journal of Economics and Behavioral Studies (ISSN: 2220-6140) Vol. 10, No. 6, pp. 129-149, December 2018
  17. Vengesai, E., & Kwenda, F. (2018). The impact of leverage on discretionary investment: African evidence. African Journal of Economic and Management Studies, Vol. 9 Issue: 1
  18. Zegeye , EA; Mbonigaba J; Ndimbuene  Z T (2018).  Factors associated with the utilization of antenatal care and Prevention of Mother-to-Child HIV Transmission services in Ethiopia: Applying a count regression model. BMC Women’s Health  18:187:1-11
  19. Zegeye, E A, Mbonigaba J and Kaye S (2018). HIV-positive pregnant women attending the prevention of mother-to-child transmission of HIV/AIDS (PMTCT) services in Ethiopia: Economic productivity losses across urban-rural settings. Psychology, Health & Medicine. 23:5, 525-531, DOI: 10.1080/13548506.2017.1360469
  20. Kabongo S and Mbonigaba J (2018). Demand-side Determinants of Access to Health care. Empirical evidence from African countries. SPOUDAI Journal of Economics and Business 67(4):3-22
  21. Ngalawa, H., (2018). Informal financial transactions and monetary policy in low-income countries: Interpolated informal credit and interest rates in Malawi, South African Journal of Economic and Management Sciences, 21(1), a1531. https://doi.org/ 10.4102/sajems.v21i1.1531
  22. Muzindutsi, P.F. (2018). Unexpected Social Performance and Share Returns in South African companies: An Event Study Methodology. International Journal of Economic Policy in Emerging Economies, Vol.11(3).
  23. Muzindutsi, P.F. (2018). A Comparative Analysis of Income- and Asset-Based Poverty Measures of Households in a Township In South Africa. International Journal of Economics and Finance Studies, Vol.10.
  24. Ramudzuli, P.M. & Muzindutsi P.F. (2018). Determinants Of Financial And Non-Financial Risk Tolerance Among Students At Selected South African Universities. Foundations of Management, Vol. 10, 293-302.
  25. Muzindutsi, P.F. & Manaliyo, J.C. (2018) Econometric Analysis of Real Exchange Rate Shocks and Real Growth of Tourism Sector in South Africa. International Journal of Monetary Economics and Finance, Vol. 11(3), 205-2013.
  26. Muzindutsi P.F. & Surujlal, J. (2018) Tourism Accommodation and Housing Property Market in South Africa: Time Series Analysis. International Journal of Economic Policy in Emerging Economies, Vol. 11(3), 270-280.
  27. Olaiya S.A. & Adelakun O.J (2018). The Nexus of Globalisation and Economic Development: The Nigeria Experience. Issues in Economics and Business, Microthink Institute, ISSN 2377-2301, 4(2), 43-61
  28. Wilfred, A. G., & Mbonigaba, J. (2018). Human Capital in the Sub Saharan African Countries: Productivity and the Policy Implications. Acta Universitatis Danubius. Œconomica15(1).
  29. Sebuhuzu Gisanabagabo (2018). Education Bank Loan as a Channel of Financing Higher Education in Rwanda. Journal of Research Innovation and Implications in Education, 2 (4), pp. 50 – 57.
  30. Akande, Joseph Olorunfemi. Do competition, regulation and stability matter for efficiency in Sub-Saharan African banking sectors? Cogent Economics & Finance, 2018
  31. Akande, Joseph Olorunfemi, Farai Kwenda, and Dimu Ehalaiye. Competition and commercial banks risk taking: Evidence from Sub-Saharan African region. Financial Economy in Applied Economics, 2018
  32.  

 

 

 

 

  1. Philip, I. Nwosa and Omolade Adeleke (2017) Determinants of FDI and FPI volatilities: An E-GARCH Approach. Central Bank of Nigeria CBN Journal of Applied Statistics, 8(2) 47-67.
  2. Ajayi, L. B., Adejayan, A. O., & Obalade, A. A. (2017). Impact of Foreign Private Investment on the Development of Nigerian Capital Market. International Journal of Economics, Business and Management Research, 1(2), 120-132.
  3. Kutu, A. A., & Ngalawa, H. (2017). Monetary Policy and Industrial Output in the BRICS Countries: A Markov-Switching Model. Folia Oeconomica Stetinensia17(2).
  4. Kutu, A. A., & Ngalawa, H. (2017). Modelling Exchange Rates Volatility and the Global Shocks in South Africa. Acta Universitatis Danubius. Œconomica13(3).
  5. Kutu, A. A., Nzimande, N. P., & Msomi, S. (2017). Effectiveness of Monetary Policy and the Growth of Industrial Sector in China. Journal of Economics & Behavioral Studies, 9(3), 46-59.
  6. Ngalawa, H., & Kutu, A. A. (2017). Modelling exchange rate variations and global shocks in Brazil. Zbornikradova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu35(1), 73-95.
  7. Rotimi, E. M. and Ngalawa, Harold (2017). Oil Price Shocks and Economic Performance in Africa’s Oil Exporting Countries. Acta Universitatis Danubius. ŒconomicaVol 13, No 5, 169-188.
  8. Itodo, A. I., Akadiri, S. S. and Rotimi, M. E. (2017). Monetary Policy and Price Stability in Nigeria. Academic Journal of Economic Studies, Vol. 3, No. 2, June 2017, pp. 68–75 ISSN 2393-4913, ISSN On-line 2457-5836.
  9. Damilola Oyetade, Farai Kwenda, & Ralitza Dobreva. (April 01, 2017). Factors affecting the Long-Term Post-Acquisition Performance of BRICS Firms Engaging in Cross-Border Mergers and Acquisitions. Acta Universitatis Danubius: Oeconomica, 13( 2), 220-233.
  10. Olarewaju, O.M. & Olasehinde, T.J. (2017). Naira-Dollar Exchange Rate Volatility Modeling Using Quadratic Moving Average Conditional Heteroscedasticity (QMACH). EuroEconomica, 36 (2).  
  11. Olarewaju, O.M, Migiro, S.O. & Sibanda, M. (2017). Dynamics of Dividend Payment Process in Nigerian Banks. SPOUDAI Journal of Economics and Business, 67(4), 79-94.
  12. Olarewaju, O.M, Migiro, S.O. & Sibanda, M. (2017). Operational Diversification and Financial Performance of Sub-Saharan Africa Commercial Banks: The Static and Dynamic Approach. Actaoeconomica, 13(5), 84-106.
  13. Olarewaju, O.M., Migiro, S.O., & Sibanda, M. (2017). Effect of Agency Costs on Executive Compensation in South African Commercial Banks. Journal of Economics and Behavioural Studies, 9(4), 90-98.
  14. Olarewaju, O.M., Doorasamy M., Oladejo, T.M. (2017). Nexus of Working Capital Management and Firm Performance in Nigerian Food and Beverages Industries: A Link with Risk-Return Theory. Journal of Economics and Behavioural Studies, 9(1), 90-98.
  15. Olanipekun, D. B. & Ogunsola, A. J. (2017): Balance of Payment Crisis in Nigeria: The Role of Exchange Rates. International Journal of Economics, Commerce and Management 5(5), pp119-140, United Kingdom
  16. Ogunsola, A. J., Olofinle, G. D. & Adeyemi, P. A. (2017): Effect of Oil Price and Exchange Rate Volatility on Economic Growth in Nigeria: International Journal of Economics, Commerce and Management 5(2), pp 312-328, United Kingdom.
  17. Nzimande, N.P. and Ngalawa, H. (2017). Business Cycle Synchronisation in the SADC Area: Evidence from Dynamic Factor Modelling, Interdisciplinary Journal of Economics & Business Law, 6(4): 8-37
  18. Dlamini, L. and Ngalawa, H. (2017). Monetary Policy and Asymmetric Effects of Oil Price Shocks in South Africa, Interdisciplinary Journal of Economics & Business Law, 6(4): 78-109
  19. Gisanabagabo, S. and Ngalawa, H. (2017). Financial Intermediation and Economic Growth: Evidence from Rwanda, Journal of Economic and Financial Sciences, 10(2): 253-273
  20. Nzimande, N. and Ngalawa, H. (2017). The Endogeneity of Business Cycle Synchronisation in SADC: A GMM Approach, Cogent Economics and Finance, 2017(5):1-14
  21. Grynberg, R. and Ngalawa, H. (2017). Secret Kingdoms: De Beers, Botswana and the Global Diamond. Scholar’s Press.
  22. Bokana, K. G., & Akinola, G. W. (2017). Productivity Effects of Higher Education Capital in Selected Countries of Sub-Saharan Africa. Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu/Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business35(1), 173-198.
  23. Wilfred, A. G., & Bokana, G. K. (2017). A Comparative Analysis of Effects of Education on Sub-Saharan Africa’s Economic Growth. Journal of Economics and Behavioral Studies9(4 (J)), 187-200.
  24. Akinola G.W. and Bokana K.G. (2017). Higher Education Enrolment, Human Capital and Economic Growth in the Sub Saharan Africa, Journal of Economics and Behavioural studies. 9, n. 6, p. 215-226, jan. 2018. ISSN 2220-6140.
  25. Mensah, E., Frimpong, K. & Maama, H. (2017). Environmental Reporting Practice among manufacturing firms. The Perspective of a developing Country. Asian Journal of Economics, Business and Accounting. 2(3), 1-12.
  26. Maama, H., Poku, J. & Frimpong, K. (2017). Business Consolidation and its impact on Financial Performance: Evidence from the Ghanaian Banking Industry. European Journal of Accounting, Auditing and Finance Research, 5(8), 62-76.
  27. Nsowah, J., Maama, H. & Anane, A. (2017). Critical Factors for Suppliers’ Assessment and selection: Empirical Evidence from Public Institutions in a Developing Country. Asian Journal of Economics, Business and Accounting, 4(2), 1-13

 

 

 

  1. Adeleke Omolade and Harold Ngalawa (2016) Monetary policy transmission and the growth of manufacturing sector in Algeria. Investment management and financial innovations, 13( 4), 74-87
  2. Adeleke Omolade and Harold Ngalawa (2016) An assessment of impact of monetary policy on the manufacturing sector growth of Africa’s oil exporting countries. Journal of economic & management perspectives. 11(3), 456-470
  3. Adaramola, A.O., & Obalade, A. A. (2016). Determinants of Stock Prices in Nigeria Stock Market: Fundamentalist View. EKSU Journal of the Management Scientists. 1(1), 1-10.
  4. Adaramola, A.O., & Obalade, A. A. (2016). Impact of Interest and Inflation Rates on the External Value of Nigerian Currency. EKSU Journal of the Management Scientists, 1(2), 10-18
  5. Kutu, A. A., & Ngalawa, H. (2016). Monetary Policy Shocks and Industrial Sector Performance in South Africa. Journal of Economics and Behavioral Studies8(3), 26-40.
  6. Kutu, A. A., Akinola, G. W., & Nzimande, N. P. (2016). Monetary Policy and Output Growth Forecasting in a SVAR Perspective. International Journal of Economics and Finance8(7), 71
  7. Kutu, A. A., & Ngalawa, H. (2016). Monetary Policy Shocks and Industrial Output in BRICS Countries. SPOUDAI-Journal of Economics and Business66(3), 3-24
  8. Kutu, A. A., & Ngalawa, H. (2016). Dynamics of Industrial Production in BRICS countries.International Journal of Economics and Finance Studies, Vol 8, No 1, 1-25.
  9. Kutu, A. A., & Ngalawa, H. (2016). Exchange rate volatility and global shocks in Russia: an application of GARCH and APARCH models. Investment Management and Financial Innovations, 4, 26-40
  10. Ibor, U. W., Okoronkwo, E. M. and Rotimi, E. M. (2016). Temporal Analysis of Malaria Incidence in Cross River State, Nigeria. E3 Journal of Medical Research Vol. 5(1). pp.001-007, January 2016. ISSN 2276-9900 © E3 Journals 2016; Available online @ http://www.e3journals.org..
  11. Olarewaju, O. M. (2016). Capital base and operational efficiency in Nigerian deposit money banks (Evidence from a two-way fixed effect approach). Global Journal of Management And Business Research.
  12. Olarewaju, O.M. & Akande, J. O. (2016). An empirical analysis of capital adequacy determinants in Nigerian banking sector. International Journal of Economics and Finance8(12).
  13. Oke, M. O., Olarewaju, O. M., & Ayooluwade, E. (2016). The relevance of pricing strategies on corporate performances in Nigeria. International Journal of Economics, Commerce and Management4(1), 475-488.
  14. Murungu Collade, Vengesai Edson (2016) The Impact of stock market development and pension fund performance. International journal of innovative research and development ISSN 2278 – 0211 (Online) Vol 5 issue 10.
  15. Owoeye, Taiwo & Ogunsola, A. J. (2016): Import Demand and Oil Price Shocks in Nigeria, A VAR Analysis: Journal of Economics and Social Studies (7)1, pp34-43, Nigeria
  16. Adeyemi, P. A. & Ogunsola, A. J. (2016): Impact of Macro-Economic Indicators on Manufacturing Output in Nigeria: Nigerian Journal of the Management Scientists 2(1), pp154-162, Nigeria
  17. Owoeye, Taiwo & Ogunsola, A. J. (2016): The Determinants of Import Demand Function in Nigeria: ARDL Approach. Nigerian Journal of the Management Scientists 2(1), pp215-241, Nigeria
  18. Adeyemi, P. A., & Ogunsola, A. J. (2016). The impact of human capital development on economic growth in Nigeria: ARDL Approach. IOSR Journal of Humanities and Social Science21(3), 1-7
  19. Gisanabagabo, S. and Ngalawa, H. (2016). Measuring Commercial Bank’s Efficiency in Rwanda: A Stochastic Frontier Analysis, International Business Management, 10(24): 5777-5786
  20. Ngalawa, H., Tchanatchana, F. and Viegi, N. (2016). Banking Instability and Deposit Insurance: The Role of Moral Hazard, Journal of Applied Economics, XIX (2): 323-350
  21. Adelakun, O.J (2016). The Effectiveness of Monetary Policy in controlling the Performance of Commercial Banks in Nigeria. Gashua Journal of Social Sciences and Humanities, FUG, Nigeria. 2(1) 1-8.

 

 

  1. Tajelawi, O. A., & Garbharran, H. L. (2015). MFCA: an environmental management accounting technique for optimal resource efficiency in production processes. World academy of science, engineering and technology (online).
  2. Olarewaju, O. M., & Obalade A. A. (2015). Evaluation of the Determinants of Operational Efficiency in Nigerian Deposit Money Banks. International Journal of Economics, Commerce and Management, III (2), 1-13
  3. Oke, M. O., & Obalade, A. A. (2015). Testing the Validity of Optimal Capital Structure Theory in Nigerian Listed Oil Firms. International Journal of Economics, Commerce and Management, III (3), 1-15.
  4. Obalade, A. A., & Obisesan, O. G. (2015). Relative Potency of Internal and External Sources of Financing Nigerian Economic Growth: 1983-2012. Journal of Economics and Finance, 6(3), 39-47.
  5. Fapetu, O., & Obalade, A. A. (2015). Sectoral Allocation of Banks’ Credit and Economic Growth in Nigeria. International Journal of Academic Research in Business and Social Sciences, 5(6), 161-169.
  6. Olaoye, F. O., & Olarewaju, O. M. (2015). Determinants of Deposit Money Banks’ Profitability in Nigeria. Kuwait Chapter of Arabian Journal of Business and Management Review33(2584), 1-8.
  7. Olarewaju, O. M., & Adeyemi, O. K. (2015). Causal relationship between liquidity and profitability of Nigerian Deposit Money Banks. International journal of academic research in accounting, finance and management sciences5(2), 165-171
  8. Adaramola, A. and Olarewaju O.M. (2015). Determinants of Capital Structure in Nigerian Quoted Composite Insurance Companies. Global Journal of Management And Business Research.
  9. Olarewaju, O. M., & Obalade, A. A. (2015). Evaluation of the determinants of operational efficiency in Nigerian deposit money banks. International Journal of Economics, Commerce and Management3(2), 1-13.
  10. Mbonigaba J and Oumar S ( 2015) The relative efficiency of South African municipalities in providing public health care African.  Journal of Economic and Management Studies 7 (3), 346-365
  11. Adelakun, O.J. (2015). The effectiveness of Central Bank Intervention in Foreign Exchange Market: An Empirical Evidence. AAU Annals of Accounting, Education & Social Research, Nigeria 2(1), 54-70.
  12. Agbeja, O., Adelakun, O. J., Fateru E. B. (2015). Investigating the Impact of Using Accounting Ratios: A Tool for Measuring Performance. Sci. J. Econ, Bus, & Management, 2(9):899-907
  13. Agbeja O., Adelakun, O.J., Akinyemi, D. (2015). Analysis of the Effect of Advertising on Sales and Profitability of the Company. International Journal of Novel Research in Marketing Management and Economics. 2(3): 81-90. Available at: noveltyjournals.com
  14. Agbeja, O., Adelakun, O.J. Ojebamigbe., M. (2015). Computer Auditing in Nigeria: History, Challenges, and Prospect. Scholars Journal of Economics, Business, Management. 2(9): 098-913.
  15. AGBEJA, O., Adelakun, O.J., Olufemi, F.I. (2015). Capital Adequacy Ratio and Bank Profitability in Nigeria: A Linear Approach. International Journal of Novel Research in Marketing Management and Economics. 2(3), 91-99