Studies on growth empirics with negative coefficient for education proxy have provided challenging puzzles. Since education is expected to promote economic growth. One of the best ways to explain this puzzle is to use an augmented growth model that incorporates country specific characteristics....

This study tests whether education-economic growth nexus is sensitive to proxy used for education. Three broad proxies were identified in the literature, expenditure on education which is an input, school enrolment, which is a flow and education attainment which is a stock. While attainment is...

This study investigated the impact of unstable exchange rate on bank performance in Nigeria using two proxies for bank performance, namely loan loss to total advances ratio and capital deposit ratio. Government expenditure, interest rate, real gross domestic product were added to exchange rate...

Their institutional weakness and obvious lack of formal organizational structures notwithstanding, rural informal savings and credit associations persist and remain extremely popular among the very poor in the society. This paper hypothesis that this is because they are able to resolve the...

Modern growth theory has shown not only the importance of knowledge to economic growth, but how improvement in the quality of life of the citizens could impact positively on economic growth. This study employs co-integration and error correction techniques to determine the relationship and...