Macroeconomics of Minimum Wage Draft: Do not quote MACROECONOMIC EFFECTS OF MINIMUM WAGE IN NIGERIA: A GENERAL EQUILIBRIUM ANALYSIS Abiodun O. Folawewo* Abstract This paper examines the macroeconomic effects of minimum wage (MW) policy in Nigeria using a static computable general equilibrium. Data for the study is drawn from year 2005 National Account of the country. The data is used to construct a 22 x 22 social accounting matrix (SAM) for the economy. The calibration exercise shows that the
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20-2020‚ indicates a breakdown of statutory allocation of N196.4 billion‚ Debt Servicing of N532 billion‚ N2.4 trillion recurrent expenditure‚ N1.5 trillion capital budget‚ exchange rate of N150/$; joint venture cash calls of $5.4 billion and N2.53 trillion for total revenue. He promised that with the oil benchmark projected to be $65 per barrel at production rate of 2.3 million barrel per day‚ GDP among Nigerians would increase to 7.85 per cent in 2011. Jonathan‚ who promised that the proposed
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MID – TERM ASSIGNMENT S S 2 MATHEMATICS 1. Calculate the lengths marked x and y in the figures below. Give your answers in surd form. (a) (b) 2. The top of a building 24m high is observed from the top and from the bottom of a vertical tree. The angles of elevation are found to be 45o and 60o respectively‚ find the height of the tree. 3. A box contain ten marbles‚ seven of which are black and three are red. Three marbles are drawn one after the other without replacement. Find
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Introduction The following is a review of a scenario to determine and evaluate the effectiveness of a training technique used by a trainer. This report will examine elements that contributed to the effectiveness of the training‚ the ineffectiveness of the training and make recommendations for improvement in future trainings. Scenario An “expert” (definition: came from out of town with a briefcase) was hired to teach the health effects part of a Hazmat course for truck drivers. He arrived just in
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work‚ is considered plagiarism. This will result in an unsatisfactory grade for the work submitted or for the entire course. It may also result in academic dismissal from the University. | | PSY3004 | Mark Wessinger | | | Evaluate Testing Effectiveness | 7 | | | <Add student comments here> ------------------------------------------------- ------------------------------------------------- Faculty Use Only ------------------------------------------------- <Faculty
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REVENUE GENERATION IN LOCAL GOVERNMENT COUNCILS IN NIGERIA. A CASE STUDY OF OBAFEMI/OWODE LOCAL GOVERNMENT Submitted by DAIRO ISAAC KUNLE Dept. Of Economics‚ University of Ibadan RESEARCH PROPOSAL INTRODUCTION Local governments are potentially very important for Nigeria as they play a significant role in generating revenue and encouraging civil involvement‚ as well as creating a visible link between taxes and service delivery. The increasing cost of running government coupled with dwindling revenue
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The Europeans started gradually settling into the North America since the 17th century. Then the states became to an uprising continent with opportunities that people are desired of. More and more low class Europeans then decided to immigrant to America for better opportunities‚ and so that they can be a part of the upper social class‚ which they have no chance to be in Europe at all. With the development of America‚ its owner the Great Britain started asking heavier taxation‚ and that resulted the
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New York‚ United States‚ with interests in the manufacturing‚ marketing and distribution of grain-based snack foods‚ beverages‚ and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay‚ Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands‚ the largest of which include an acquisition of Tropicana in 1998 and a merger with Quaker Oats in 2001—which added the Gatorade brand to its portfolio. P5 DESCRIBE
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Evaluate the effectiveness of the legal system in responding to changing community values in terms of achieving justice for family members. Although family law focuses on individual relationships and the achievement of just outcomes for the individual‚ the legal system also operates to provide a just outcome for society as a whole. In order to secure a just outcome for society‚ the legal system needs to operate as efficiently as possible; the law needs to remain contemporary‚ the law must be enforceable
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Effectiveness of Articles of Confederation What is the articles of confederation? Before the constitution‚ the United States had the articles of confederation. In the time of urgency‚ the United States needed authority and a more powerful government. Therefore‚ the articles of confederation was adopted by the Continental Congress in 1777 (ratified in 1781) and served as the first written constitution of the United States. With high hopes for the articles‚ there was great disappointment due
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