Resource Price, Macroeconomic Distortions, and Public Outlay: Evidence from Oil-Exporting Countries

Does External Debt Promote Human Longevity in Developing Countries?

“…The DCCE methodology was later developed by Chudik and Pesaran (2015) on the rationale of the mean group (MG) estimation earlier developed by Pesaran and Smith (1995), the PMG technique formulated by Pesaran et al (1996), and the common correlated effects (CCE) approach developed by Pesaran (2006). Although the PMG technique is known for averaging and pooling panel data and permitting the intercepts, slope coefficients, and error variances to vary across cross-sections (Aladejare, 2018), it is limited by ignoring CSD between the crosssectional units (Xue et al 2021).…”

Deficit Financing Components, Inflation and Capital Formation in Nigeria: Evidence from A Direct and Indirect Analysis

“…Otherwise, Nigeria today ought to have been more reckoned as a producing nation, against its current status of heavily import reliant. Apart from crude oil which constitutes about 90% of the country's export, the non-oil sector contributes less to the revenue source of the Federal Government (Aladejare, 2018). Much of what is consumed in the country is imported, due to low manufacturing capacity of the country.…”

Economic Prosperity, Asymmetric Natural Resource Income, and Ecological Demands in Resource-Reliant Economies

“…Although there are extant studies on the long-run impact of natural resources on economic growth, their empirical conclusion is still ambiguous. While there are studies that opine natural resources are growth-inducing (Alexeev and Conrad, 2009;Cavalcanti et al, 2011;Jalloh, 2013;Abusaaq et al, 2015;Kitous et al, 2016;Usman et al, 2022;Wen et al, 2022), and growth aversive (Sachs and Warner, 2001;Ahmed et al, 2016;Gerelmaa and Kotani, 2016;Aladejare, 2018;Aladejare, 2020a); some others submit that the result is a function of different elements (Mehlum et al, 2006;Collier and Goderis, 2012;Ghalayini, 2011;Badeeb et al, 2017;Chekouri et al, 2017). Several theoretical expositions have been proposed for this ambiguous outcome.…”