Journal of International Economic Relations and Development Economics 2023-12-05T12:27:16+01:00 Journal Admin Open Journal Systems <p><strong><em>Journal of International Economic Relations and Development Economics</em></strong> (JIERADE) is an international journal which provides valuable insight from researchers, policy makers and practitioners into global policy debates and understanding of the international market, political, bilateral and multilateral economic relations and how it affects global alliances, globalization and the economic health of nations. Articles should cover global policy issues; issues in international financial markets, global economic governance, economic models and key indicators from which development policies are derived and those relevant to transformation of developing countries into more prosperous nations.</p> Diaspora Remittance, Overseas Development Assistance and Economic Growth in Nigeria 2023-08-02T04:05:34+01:00 Belema Fiberesima <p>The study set out to examine the diaspora remittance, overseas development assistance and economic growth in Nigeria, covering the period of 38 years (1981-2019). Secondary data sourced from national bureau of statistics, CBN statistical bulletin, World Bank data bases are adopted in the analysis. The work used Ordinary Least Squares model to estimate the variables used in the analysis. The result suggests that diaspora remittances reduce moderate poverty in Nigeria, also evidence from the study suggest that overseas development assistance inflows were positively statistically significant in the short run in the economy. Also, the study reveals that improvements in gross capital formation cause more overseas development assistance into the Nigeria economy. The work recommends that government should put appropriate policies that will improve the economy and make her youths to be more productive locally rather than pushing them out abroad and hoping to get enough remittance from them in a short while with the aim of improving diaspora remittance inflow which is not sustainable in the long run.</p> 2023-09-23T00:00:00+01:00 Copyright (c) 2023 Belema Fiberesima The Impact of Health Expenditure on Life Expectancy in Nigeria 2023-10-18T12:58:50+01:00 Edwin Udochukwu Nwachukwu Chukwuma G. Ogbonna Joyce Chukwuma-Ogbonna <p><em>The quality of health services in a given country greatly influences the quality of life of its citizens. This study examined the impact of health expenditure on life expectancy in Nigeria from 1990 to 2022 using the fully modified ordinary least squares (FMOLS) technique and was anchored on the theoretical framework of the Grossman health production function. The variables of the model were: life expectancy as the dependent variable; out-of-pocket health expenditure; external health expenditure; government capital health expenditure; government recurrent health expenditure; carbon emissions; and education as independent variables. The findings revealed that out-of-pocket health expenditure, government recurrent health expenditure, and education had a positive and significant impact on life expectancy; external health expenditure had a positive but insignificant impact on life expectancy; and government capital health expenditure and carbon emissions had a negative and insignificant impact on life expectancy. This study therefore recommended the need for the federal government of Nigeria to focus on increasing the budgetary allocation to the health sector as well as increasing the minimum wage of the citizens, which should encourage increased household health expenditure, which invariably increases life expectancy in Nigeria. More so, the federal government of Nigeria should ensure consistency in the implementation and follow-up of these policies to bring about significant improvements in life expectancy in the long run in Nigeria.</em></p> 2023-12-05T00:00:00+01:00 Copyright (c) 2023 Edwin Udochukwu Nwachukwu; Ogbonna C. G., Chukwuma-Ogbonna J.A International oil price volatility and Nigeria's balance of payments 2023-09-20T10:18:36+01:00 Ebele Nwokoye Chikamaku Maduka Chikamaku Maduka <p>Despite various government efforts, unfavorable balance of payments positions has remained substantial in Nigeria creating the risks of financial vulnerabilities and substantial internal imbalances. Since oil is Nigeria’s major revenue source, it was expedient to examine whether international oil price volatility was a major source of balance of payments (BoP) crisis in Nigeria from 1981 to 2020. The monetary theory of balance of payments formed the theoretical framework for this study and the generalized autoregressive conditional heteroscedasticity (GARCH) was used to derive values for international oil price volatility. Our result show persistent volatility clustering in oil prices. In addition to estimating the effects of international oil price volatility on Nigeria’s BoP, we disaggregated the BoP into its current and capital accounts in order to ascertain whether oil price volatility affected the two components differently. Vector autoregressive (VAR) technique was used to estimate the balance of payment equation model. Our results indicate that increasing volatility of oil price negatively and significantly impacted on balance of payment and its current account while it positively and significantly impacted on the capital account&nbsp;balance thus driving Nigeria’s balance of payments disequilibrium. Hence, the study recommends economic diversification as well as encouragement of alternative sources of energy to reduce domestic dependence on oil.</p> <p>&nbsp;</p> 2023-09-23T00:00:00+01:00 Copyright (c) 2023 Ebele Nwokoye, Chikamalu Ukanne Maduka , Chikamalu Ukanne Maduka Effect of corporate attributes on value of Quoted Consumer Service firms in Nigeria 2023-10-01T09:38:24+01:00 Ekene Gloria Nweke-Nwosu Chimere Akam Vincent <p><em>The information from a firm can influence the choice of investors and other stakeholders which in turn determines the value of the firm from time to time. However, the extent that internal factor impact on the value of firms has been questioned in recent times, yet not exhaustively answered by researchers in developing countries. </em><em>This study therefore </em><em>evaluates the effect of corporate attributes on value of quoted consumer service firms in Nigeria.</em><em> In carrying out this study, panel data were collected and </em><em>analysed </em><em>using </em><em>ordinary least square regression. The study finds that firm performance, assets tangibility, firms size, and firm growth have significant positive effect on firm value of consumer service firms’ goods. Capital structure has positive insignificant effect on firm value while firm age has negative insignificant effect on firm value of consumer service firms’ goods quoted in Nigeria.</em></p> 2023-10-01T00:00:00+01:00 Copyright (c) 2023 Nigerian Brewery Company's Financial Performance and Budgetary Control System 2023-12-05T12:27:16+01:00 Ochuko Joy Edheku Yetunde Abie Adegbite <p><em>This study looks at how the beer industry's financial performance is affected by its budgetary control system. The study considers the budgetary control that can be used to check the financial performance aspect of the industry. Since budget is a financial statement that spills out the financial activities of a company from January to December and the expenditure, it is important therefore that some control mechanism be put in place to have a balance in the in-flow and out-flow of income in the company.</em></p> 2023-12-04T00:00:00+01:00 Copyright (c) 2023