Currency Devaluation and Fuel Subsidy Removal for Nigeria’s Economic Development
نویسندگان
چکیده
منابع مشابه
Global Production and Currency Devaluation
This simple paper models the production allocation choices of a multinational enterprise (MNE) in a three-country framework -a northern country and two southern countries. The products made in the southern countries are of lower quality, and have higher substitutability than those between the south and the north. We investigate how exchange rates affect production, employment, profits and welfa...
متن کاملDevelopment incentives for fossil fuel subsidy reform
to be collected (such as deaths, injuries, economic loss, people affected). Protocols (or ontologies) for hazard and impact definitions also are needed to ensure compatible loss attribution, particularly for complex events consisting of multiple hazard types. Furthermore, to foster trust, transparency and accountability, the information must be publicly available and curated by accepted bodies,...
متن کاملTransaction Costs, Multiple Equilibria, and Currency Devaluation
This paper attempts to examine the effect of a currency devaluation on domestic output by incorporating the Coase (1937) assertion into a standard open economy model. Our results show that there will be multiple equilibria in the labor market, i.e. low or high employment equilibrium, because of transaction cost externalities. If the labor market is in the high-employment equilibrium, a currency...
متن کاملInvestment, Devaluation, and Foreign Currency Exposure: The Case of Mexico
This paper studies ̄rm-level investment in the wake of the Mexican peso crisis of 1994. While exporters outperform nonexporters in terms of pro ̄ts and sales after the devaluation, their investment is constrained by weak balance sheets. Speci ̄cally, we ̄nd that ̄rms with heavy exposure to short-term foreign currency debt before the devaluation experienced relatively low levels of post-devaluation...
متن کاملToward an optimal U.S. ethanol fuel subsidy
Enhanced environmental quality, fuel security, and economic development along with reduced prices of ethanol–gasoline blends are often used as justifications for the U.S. federal excise tax exemption on ethanol fuels. However, the possible effect of increased overall consumption of fuel in response to lower total price, mitigating the environmental and fuel security benefits, are generally not ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Social Science Research
سال: 2017
ISSN: 2327-5510
DOI: 10.5296/ijssr.v5i2.11919