Vol 11, No 2

Table of Contents

Articles

Elders’ Perception of Rental Housing Quality While Ageing-in-Place in Core Residential Areas of Abeokuta, Nigeria PDF
Olawumi Johnson DARAMOLA, Gbenga John OLADEHINDE, Adejompo FAGBOHUNKA
The study focused on elders’ perception of rental housing quality while ageing-in-place in core residential areas of Abeokuta, Nigeria. Multi-stage sampling procedure was adopted in selecting 92 elderly in the core residential areas of Abeokuta. Data collected were analyzed using descriptive and inferential statistics. The study showed that quality of housing elements, facilities and infrastructure that elders live in as they continue to age-in-place (floors, bathrooms, windows, ceilings, roof, power supply, sewage management, drainage condition and refuse management) as rated by the elders were not in good condition. The result from the study also established that elders were averagely satisfied with the available infrastructure. The study recommended that house owners should rehabilitate and renovate some housing elements in order to improve quality of life and well-being as elders continue to age-in-place in the environment. Government also should assist to improve the condition of the infrastructure identified in the study area that was not satisfied with by the elders.

Modeling the Dynamics of Sectoral TFP Growth in Ethiopia: Explaining Persistent Economic Debacles PDF
Zerayehu Sime Eshete, Peter Kiko Kimuyu
This paper provides a rigorous analysis for modeling the dynamics of sectoral total factor productivity growth in Ethiopia over the period 1970 - 2010. It also attempts to estimate total factor productivity growth rate for agriculture, industry and service sector using sectoral growth accounting approach, and then examines determinants that affect sectoral productivity by employing a vector autoregressive model that incorporates exogenous variables. The study then finds that sectoral economic growth largely depends on factor accumulation instead of factor productivity. As a result of this, labour becomes the dominant source of agricultural growth while capital deepening explains the immense source of growth in industry and services over the reference period, regardless of the various political economy regimes. Total factor productivity growth, however, is negative on average across economic sectors and heavily reflects the lack of efficiency and technological change that bottlenecked economic growth. The study also finds that economy openness, imported capital goods, and service liberalization are statistically significant variable and positively influence the sectoral total factor productivity growth in agriculture, industry and service sector respectively. The study therefore recommends that the government focuses on widening economy openness in order to driving up agricultural total factor productivity, and pays more attention to importation of strategic technologies and reduces trade and service barriers associated with in order to foster industrial and service total factor productivity respectively.

Impact of Defense Spending on Economic Growth: Evidence from Developing Nations of Asia PDF
Waqas Bin Khidmat, Man Wang, Farhan Iqbal
The purpose of this paper is to explore the relationship between economic growth, defense expenditure and other regionally essential variables of 12 emerging countries of South East Asia for the year 1990 to 2015. Random and Fixed effect models along with the unit root tests are used to analyze if the data is stationary or not. Variance decomposition and impulse response coefficient are estimated after the implication of the cointegration analysis. According to the result, defense expenditure has a positive and significant impact on the growth of the emerging economies. The defense spendings affect the infrastructure of the particular country that results in more efficiency in the labor market hence stimulating economic growth (Looney Fredrickson 1992). Also, the economic growth of the country is triggered by more and more external debt and total investment. Therefore, we have a positive and significant relationship.

Is Corporate Responsibility an Extension of Sustainability? An Empirical Investigation PDF
Alphonse Kumaza, Yuanqiong He, Isaac Tettey
More often, research loosely fuses corporate responsibility with sustainable agenda and the environment in their demands for equity for stakeholder communities. In earnest, blending social responsibility with sustainability issues, including the environment is good and commendable. However, little authorial work is advanced to appropriately synergise the parameters to engender appreciation and compliance by corporations, which would also encourage scholarship attention from the research community. The paper, therefore, seeks to lead evidence in support of corporate responsibility is sustainability extension. It does this through a combination of two objectives, namely, the justification that corporate responsibility has sustainability embedded in its application and proof that business responsibility and sustainability be promoted unified, since both aims at similar goals. The empirical and concrete unification of social responsibility with sustainability and/or environmental accountability is the gap to fill in this study’s field. To achieve this task, interviews and survey data are triangulated through an SPSS regression technique for findings. Importantly, the result validates evidence that corporate responsibility is sustainability extension since sustainable enterprises incorporate environmental objectives in their corporate operations and, therefore, a strong authentication for the proposition. Suffice to note that until sustainability objectives are fused with corporate citizenship endeavours, the global campaign for safe and cleaner production can be unsuccessful.



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