Original Research Article
ABSTRACT
The paper examined the impact of agricultural development on the growth of Nigerian economy. Extant literature on agricultural development and its impact on the economic growth and development of Nigeria were reviewed. Extant literature showed that several agricultural development programmes by successive administrations in Nigeria have not achieved its desired goal and the challenges were numerous ranging from corruption, inadequate funding, the overdependence on oil, etc. Data for the study were the gross domestic product (dependent variable) and aggregate agricultural contribution (independent variable) for 2000 to 2018 obtained from the Central Bank of Nigeria Statistical Bulletin and National Bureau of Statistics (2020). A Bivariate regression analysis of the variables was carried out to determine the relationship between the variables. The analysis and findings of the study showed that there is a positive linear relationship between the variables and that the contribution of agriculture sector leads to commensurate increase in the GDP of the country. Recommendations were that the linkages between agriculture and other sectors be strengthened to increase the effect of agriculture growth on the economy. This can be achieved through increased productivity and the development of agriculture value chain, improved sensitization of the populace, reduction in corruption and providence of necessary financial assistance to the agricultural industry.
Original Research Article
ABSTRACT
The biggest problem facing the Central Asian countries is water pollution, which undermines environmental security and slows down further economic development. This study examines the relationships between Water pollution, Agricultural production, Aquaculture production, Improved water source, Industry, Surface temperature anomaly, Urban and Rural population growth, and economic growth in Central Asian countries after the transition economics with a Difference-in-differences (DID) for panel-data model, and Heterogeneous effects and reports some findings tried to explain using the diagnostic graphs and tests, using 1990 to 2017 database. According to the survey, agriculture is the main cause of water pollution. Studies have also shown that water pollution increases with the growth of the economy and population in these countries. The results of this study will help to understand the impact of not only water pollution, but also various environmental regulations on pollution control, and will also help formulate future policies.
Original Research Article
ABSTRACT
This study aims to describe the effect of perceived value on Purchasing decisions through consumer trust in OVO application users using a case study of Fanā Coffee Malang customers. The sample of this research is 80 customers who use the OVO application to make payment transactions. The analysis technique uses path analysis and questionnaire distribution data collected via a google form. The analysis results show that purchasing decisions are shaped by stability in buying, buying habits, and speed in buying. The main thing that shapes Purchasing decisions is the speed in buying, which is the easiest to find compared to other similar services. Perceived value influences purchasing decisions. This means that the higher the perceived value given, the higher the purchase decision. Consumer confidence results in purchasing decisions. This means that higher consumer confidence can improve Purchasing decisions. Perceived value influences Purchasing decisions through consumer trust, meaning that Purchasing decisions will increase if they provide a good perception of value and can increase consumer confidence.
Original Research Article
ABSTRACT
Industrialization being an engine of growth in modern economies and the primary roles energy plays in driving industrialization, stability of oil prices has become a crucial factor with spatial and temporally implications for the performance of the Nigerian industrial subsector. In this regard, this study examined the symmetric and asymmetric effects (if any) of the oil price dynamic on the Nigerian industrial subsector using ARDL and NARDL frame works based on quarterly time series data spanning 1970Q1 to 2018Q4. The result of the short-run linear ARDL model reveals that oil price stimulates marginally the performance of the building and construction industry as well as aggregated industrial output but unfortunately dampened the performance of the manufacturing subsector. Similar to the short-run result, the long-run non-linear shows that oil price shocks (increase and decrease) have mixed and variegated effects on the industrial subsector and its constituents as confirmed by the probability values of the Wald’s test. The results show that increase in the price of oil dampened aggregate industrial output and manufacturing index with marginal increase in building and construction output. Conversely, a decrease in oil price stimulates industrial manufacturing, building and construction indexes in the long-run though short-lived compare to the negative effects that propagate for a longer period. In light of the empirical findings and the asymmetric nature of oil price shocks on Nigerian industrial subsector, Nigerian government and the industrialists should formulate appropriate trade policy and develop sound industrial policy management mechanism to effectively mitigate the negative effects of oil price shocks on Nigerian industrial subsector. These include inward looking industrial policy, establishment of light industries, promotion of small and medium scales enterprise, Small and Medium Industry Equity Investment Scheme (SMIEIS), National Integrated ..............
Original Research Article
ABSTRACT
Public Distribution System was introduced in 14 January 1945 during the Second World War. It was introduced in the year way back in 1940s during Bengal famine in India. In the month of March 2020 nationwide lockdown was imposed to stop the spread of the deadly corona virus. Rationing of essential foods has become tantamount with lockdown due to the pandemic. At this time of lockdown curfew was imposed throughout the country. So, rationing of essential commodities through PDS was felt of paramount importance. The present study revealed that majority of the residents of Sonitpur district i.e. 63.5 percent of the total sample respondent have received information regarding distribution of food grains from friends and relatives. Further, 45.75 percent of total respondents have agreed that the FPS in their locality have provided good services. Likewise, 47 percent of total respondents have felt satisfied with the working hours of the FPS. Also, the study has unveiled that, 71.5 percent of the total respondents have used the food grains provided under the PDS for their own consumption. An attempt has been made in the paper to examine source of information about distribution of food grains during the lockdown; quality of good services supplied through PDS during the lockdown; uses of products provided by FPS during the lockdown and consumer satisfaction with the quality of food grains. Moreover, the paper endeavours to study assistance received from financially able person from the society during the lockdown in the study area.
Original Research Article
ABSTRACT
Movement of persons and goods from one place to another is understood as Transport. It helps in movement of people, merchandise and services from one places to another. It is an essential prerequisite for an economy to grow and develop with a right momentum. In the realm of public transport, Arunachal Pradesh State Transport Services had started its operation on 15th Dec, 1975 from Naharkatia to Khonsa in order to provide adequate, economical and well-coordinated transport services in the state. The study unveiled that, the liquidity position of APSTS is highly unsatisfactory from the point of view of its ability to satisfy the claims of short-term creditors. The current ratio and acid-test ratio in APSTS have been revealed to be very low throughout the study period, which indicates that, APSTS is making excessive use of sundry creditors as well as long-term borrowing capacity to finance its short-term requirements. With this background, the present study makes an attempt to examine the Current Assets and Current Liabilities of APSTS from 2009-10 to 2014-15. Further, it analyzes Current Ratio and Acid Test Ratio of APSTS from 2009-10 to 2014-15.
ABSTRACT
Lawyers, Creditors, debt collectors, and debtors alike are uncertain about how to pursue the process of debt collection. This study attempts to navigate the many options open to parties internationally and domestically. The jurisdictions of local courts under municipal laws, conventions and case law have been re-examined and confirmed; to assist parties in the compass of their navigation of debt recovery. The role of arbitration has been examined in a milieu of protracted litigation, adversarial court processes and strained business relationahips and loss of financial resources. The objective of their paper is mainly to adivise judicial officers, lawyers, creditors, law students to save the time of the courts. As clarity has been provided, foreign direct investments would no lawyer be uncertain of what the courts will do to secure repayment of loans.