The Experts below are selected from a list of 318 Experts worldwide ranked by ideXlab platform
Osmond N. Okonkwo - One of the best experts on this subject based on the ideXlab platform.
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Monetary Policy and Nigeria’S Quest for Import-Substitution Industrialization
Journal of economics and sustainable development, 2020Co-Authors: Chigbu E. Ezeji, Osmond N. OkonkwoAbstract:This study examines the impact of monetary policy variables on industrialization via Import Substitution strategy in Nigeria from 1981 – 2012. The deregulation of the foreign exchange market in Nigeria was with the aim of stimulating export and industrialization through Import Substitution. However, it turned out that Nigeria had become more Import dependent than ever. We specified four explanatory variables for this study based on theoretical underpinnings. We sought to establish a relationship between the explanatory variables and industrial output. The Johansen trace test revealed that there was one cointegrating equation. The estimated error correction mechanism (ECM) revealed that 53 per cent of disequilibrium in industrial-GDP is corrected for in the long run. Keywords: Monetary policy, exchange rate, industrialization, Imports Substitution industrialization.
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monetary policy and nigeria s quest for Import Substitution industrialization
Journal of economics and sustainable development, 2014Co-Authors: Chigbu E. Ezeji, Osmond N. OkonkwoAbstract:This study examines the impact of monetary policy variables on industrialization via Import Substitution strategy in Nigeria from 1981 – 2012. The deregulation of the foreign exchange market in Nigeria was with the aim of stimulating export and industrialization through Import Substitution. However, it turned out that Nigeria had become more Import dependent than ever. We specified four explanatory variables for this study based on theoretical underpinnings. We sought to establish a relationship between the explanatory variables and industrial output. The Johansen trace test revealed that there was one cointegrating equation. The estimated error correction mechanism (ECM) revealed that 53 per cent of disequilibrium in industrial-GDP is corrected for in the long run. Keywords: Monetary policy, exchange rate, industrialization, Imports Substitution industrialization.
Natalia Turdyeva - One of the best experts on this subject based on the ideXlab platform.
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microeconomics of russian Import Substitution
Journal of the New Economic Association, 2016Co-Authors: N Volchkova, Natalia TurdyevaAbstract:This paper discusses the economic mechanisms triggered by Import Substitution policies. With full employment economy, the growth of production in protected areas is possible only by dragging resources from industries, which are not covered by Import Substitution policies. Globally competitive Russian industries will be forced out due to Import Substitution policies, which favor ineffective industries. The inevitable result of this policy will be a decrease in the efficiency of the domestic economy. Numerical estimations of potential effects of current Russian Import Substitution policies indicate a decline in GDP, decrease in outputs of non protected sectors and welfare losses of consumers. The paper also discusses a role of Import as a vehicle for competitiveness improvement and alternative modes of trade policies. The decline in Imports of protected areas by 10% of the initial level corresponds to an increase in the output of protected sectors by 3.8% and decrease in output of all other sectors of the economy by 2.3%. At the same time GDP decreased by 0.05%, while the consumer price index rises by 1%. The paper also discusses the role of Imports in enhancing the competitiveness of the Russian economy and alternative trade policy measures. Economic research clearly indicates that firms Importing intermediate goods are more productive than those, which do not Import. Over 60% of Russian Imports account for intermediate goods, and it must be borne in mind that the decline in Imports will turn into decline in productivity of Russian companies, which are Importing components and equipment, and will adversely impact their competitiveness in the global market.
Philip Watson - One of the best experts on this subject based on the ideXlab platform.
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a comparison of regional export enhancement and Import Substitution economic development strategies
The Journal of Regional Analysis and Policy, 2011Co-Authors: Stephen Cooke, Philip WatsonAbstract:Absent from the economic development literature is a manageable and quantitative analysis that compares regional export enhancement and Import Substitution strategies. Single sector Leontief and Keynesian models are developed to show how these development strate-gies relate to one another. Both strategies have identical direct effects on an economy, but Import Substitution increases the indirect effects through additional endogenous purchases, which then increase the output and income multipliers. Assuming identical comparative advantage of both strategies, regional Import Substitution is found to be at least as good an economic development strategy as regional export enhancement.
V. V. Moiseev - One of the best experts on this subject based on the ideXlab platform.
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Government of Import Substitution as a Factor of Russian Economy Development
Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production, 2020Co-Authors: V. V. Moiseev, O. A. Sudorgin, V. F. Nitsevich, V. B. SlatinovAbstract:The article concluded that economically literate policy of Import Substitution can be a catalyst for growth of the Russian economy, development of science, to overcome the technical gap, the revival of the investment climate. To reduce Russia’s dependence on Imports in the country, the political leadership adopted a program of Import Substitution. The problems of Import Substitution become even more urgent in connection with the Western sanctions imposed against Russia in connection with the events in Ukraine. A number of Western countries announced the possibility of imposing harsh sanctions on the Russian economy. This stepped up the process of Import Substitution in Russia, including at the level of state policy. This was manifested in a decrease in Imports and high growth rates in a number of industries oriented to the domestic market, including in manufacturing, construction, and agriculture. Concludes that despite numerous difficulties, the policy of Import Substitution in modern Russia has the real potential. In this article, the authors not only analyze problems of Import Substitution, but also identify the main ways to accelerate these processes in Russia.
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government policy of Import Substitution as a factor of russian economy development
Russian Journal of Agricultural and Socio-Economic Sciences, 2016Co-Authors: V. V. Moiseev, V V Ogneva, A V PolyaninAbstract:The article explains that in the difficult economic situation, the output of which is to diversify the Russian economy, the transition from raw to innovative development, including the processes of Substitution of technologies and products Imported from abroad, an Important role belongs to the state policy of Import Substitution. Attention is drawn to the need to develop theoretical and methodological aspects of the problem of Import Substitution, such as state regulation of this sphere of economic activity, development of effective criteria for targeted support of Import Substitution industries, the possibility of adaptation of foreign practices Import Substitution, etc. It is concluded that economically literate policy of Import Substitution can be a catalyst for growth of the Russian economy, development of science, to overcome the technical gap, the revival of the investment climate. Concludes that despite numerous difficulties, the policy of Import Substitution in modern Russia has the real potential associated with the development and implementation of a calibrated strategy of Import Substitution.
Chigbu E. Ezeji - One of the best experts on this subject based on the ideXlab platform.
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Monetary Policy and Nigeria’S Quest for Import-Substitution Industrialization
Journal of economics and sustainable development, 2020Co-Authors: Chigbu E. Ezeji, Osmond N. OkonkwoAbstract:This study examines the impact of monetary policy variables on industrialization via Import Substitution strategy in Nigeria from 1981 – 2012. The deregulation of the foreign exchange market in Nigeria was with the aim of stimulating export and industrialization through Import Substitution. However, it turned out that Nigeria had become more Import dependent than ever. We specified four explanatory variables for this study based on theoretical underpinnings. We sought to establish a relationship between the explanatory variables and industrial output. The Johansen trace test revealed that there was one cointegrating equation. The estimated error correction mechanism (ECM) revealed that 53 per cent of disequilibrium in industrial-GDP is corrected for in the long run. Keywords: Monetary policy, exchange rate, industrialization, Imports Substitution industrialization.
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monetary policy and nigeria s quest for Import Substitution industrialization
Journal of economics and sustainable development, 2014Co-Authors: Chigbu E. Ezeji, Osmond N. OkonkwoAbstract:This study examines the impact of monetary policy variables on industrialization via Import Substitution strategy in Nigeria from 1981 – 2012. The deregulation of the foreign exchange market in Nigeria was with the aim of stimulating export and industrialization through Import Substitution. However, it turned out that Nigeria had become more Import dependent than ever. We specified four explanatory variables for this study based on theoretical underpinnings. We sought to establish a relationship between the explanatory variables and industrial output. The Johansen trace test revealed that there was one cointegrating equation. The estimated error correction mechanism (ECM) revealed that 53 per cent of disequilibrium in industrial-GDP is corrected for in the long run. Keywords: Monetary policy, exchange rate, industrialization, Imports Substitution industrialization.
