Over time most developing countries have identified that a major constraint to their developmental efforts is the lack of synchronization between the construction sector, infrastructure and other areas of the economy. This study examines the long-run and short-run relationship between the construction industry and the growth of the Nigerian economy using the autoregressive distributed lag (ARDL) model. The uniqueness of this estimation procedure is such that it produces a robust result of the long-run and short-run relationship even in situations where the time series data are integrated in the order of I(0) and I(1). The study uses the annual time-series data sourced directly from the Central Bank of Nigerian (CBN) Statistical Bulletin and World Bank Development Indicators (WDI) between the periods 1981-2014. The outcome of the study shows that the construction sector plays a significant role in the Nigerian economic growth in the short-run. However, the result revealed the absence of a long-run relationship between the construction industry and economic growth in Nigeria.
Aims: This study investigated the influence of Perceive Usefulness and Perceive Ease of Use of the internet to shop online (hereafter it will be referred to as Technological Factors), Facilitating Conditions, Attitude, and Trust on consumers’ intention to shop online in Ogun state Nigeria.
Study Design: A descriptive survey design was used for this study to examine and explain important factors that are associated with intention to engage in online shopping activities. The reliability test with Cronbach’s Alpha of 0.889 was obtained. The hypotheses formulated was tested using multiple regression analysis.
Sample: A survey questionnaire with 25 question items was used to gather data. A total of three hundred and fifty (350) questionnaires were administered using a purposive sampling method, and two hundred and twenty-seven (227) were collected and subsequently analyzed.
Results: From the 227 respondents, the study found that there is a significant relationship between behavioural intention to shop online and Technological Factors (p = 0.001), Trust (P = 0.000), Attitude (P = 0.000), except Facilitating Conditions (P = 0.286) with no significant relationship with consumers’ intention to shop online in Nigeria.
Conclusion: It concluded that Attitude towards internet usage, Trust and consumers perception towards the usefulness and ease of use of online shopping could play a key role in enhancing the acceptability of online shopping in Nigeria.
This study investigates econometrically the existence of long-run causal relationship between public expenditure, inflation and national income over the period 1981-2013 using annual data for Nigeria obtained from 2015 statistical bulletin published by Central Bank of Nigeria. The econometric methodology employed was the Cointegration and Granger Causality tests. The stationary properties of the series were examined using Augmented Dickey-Fuller (ADF). The results revealed that none of the series was stationary at levels, but stationarity were attained at first and second difference at 5% significant level. The results show that long run equilibrium relationships exist among the variables. Granger Causality test reveals that there was a bi-directional causality running between government capital expenditure (CAPX) and national income. It also shows that there is a feedback between government recurrent consumption expenditure and national income. Therefore, it is suggested that the proportion of capital expenditure to the construction sub-sector be increased so as to take advantage of the sub-sector’s capacity to generate short-run multiplier effect.
This research studies the determinants affecting repurchasing behaviors of early adulthood in Hong Kong towards online shopping. The research model is based on the previous literatures. There are five variables proposed. The independent variables include trust, satisfaction, and perceived ease of use whilst the dependent variable is repurchase intention. Then finally, there is a moderating variable, habit between satisfaction and repurchase intention. Questionnaire is adopted to be the research method. Questionnaires were distributed at the common shopping areas. As the result, this research assessed the repurchase intention of early adulthood in Hong Kong towards online shopping are related to trust, satisfaction and perceived ease of use. However, it is interested that relationship between trust and repurchase intention is resulting in negative effect.
The foundation upon which this study is built is to examine the necessity to establish a derivative market in Nigeria as a means for capital market development in an emerging economy. Hence, the paper took a snapshot at the various types of derivatives namely; options, futures. Forward and swaps. It also examines the need to establish derivative market in Nigeria. Some of the problems that are likely to impede a smooth operation of a derivative market in Nigeria were identified such as: absence of an organized derivative exchange, inadequate manpower, the underdeveloped nature of our money and capital market, absence of robust regulating framework and a weak legal system. It is suggested therefore that Government should collaborate with organized private sector to ensure the establishment of the derivatives exchange in Nigeria. Also, manpower should be trained, while the existing regulating framework should be strengthened to expand its coverage. This we believe will help in enhancing a smooth takeoff of a derivative market in Nigeria.
