Asian Development Policy Review

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Online ISSN: 2313-8343
Print ISSN: 2518-2544
Total Citation: 10

No. 1

The Impact of the Politics of Privatization and Commercialization of Public Enterprises in Nigeria on the Level of Productivity and Economic Viability: The Case of Alscon and Nitel

Pages: 43-55
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The Impact of the Politics of Privatization and Commercialization of Public Enterprises in Nigeria on the Level of Productivity and Economic Viability: The Case of Alscon and Nitel

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DOI: 10.18488/journal.107/2017.5.1/107.1.43.55

Basil Chijioke Onuoha , Enoobong David Umoh , Henry Ufomba

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(2017). The Impact of the Politics of Privatization and Commercialization of Public Enterprises in Nigeria on the Level of Productivity and Economic Viability: The Case of Alscon and Nitel. Asian Development Policy Review, 5(1): 43-55. DOI: 10.18488/journal.107/2017.5.1/107.1.43.55
One of the most debated economic policies in the developing world today is the privatization and commercialization of public enterprises in Sub-Saharan Africa, and its positive and negative implications both in the short and long run. Much attention has been drawn to the observation that although privatization and commercialization was a popular policy in the liberalization process in developing economies in post cold war era, it has in many instances failed to translate to improved productivity and simulate the domestic economy (Obadan and Ayodele, 1988; Okanachi and Obutte, 2015). Situated within this observation, this paper opined that the interplay of politics and public policy direction of government in Nigeria have a negative influence on the process of privatization and commercialization of the state owned enterprises (SoEs) in the country in terms of their productivity, economic viability and contribution in stimulating the economy. Data for this study was drawn from 200 respondent (both managerial and non-managerial staffs) of the privatized Aluminums Smelter Company (ALSCON) and 200 too from Nigeria Telecommunication Limited (NITEL). Evidence showed that the two SoEs although marked for privatization and commercialization witnessed a downturn in their level of productivity and economic viability because the process was marred as a result of its politicization.
Contribution/ Originality
This study contributes to the existing literature on the impact of privatization and commercialization on the general performance of SOEs paying critical attention on the role of the transparency of the process in determining such performance. Situated within this debate, this paper opined that the interplay of politics and public policy direction of government in Nigeria have a negative influence on the process of privatization and commercialization of the state owned enterprises (SoEs) in the country in terms of their productivity, economic viability and contribution in stimulating the economy.

Farming Risks and Security Challenges in Vegetable Production in Orlu, Imo State

Pages: 37-42
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Farming Risks and Security Challenges in Vegetable Production in Orlu, Imo State

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DOI: 10.18488/journal.107/2017.5.1/107.1.37.42

Osuji, E.E. , N.C. Ehirim , M.A.Y Rahji , T.T. Awoyemi , K.K. Salman , M.A.C.A Odii , S.C. Onyemuwa , Ibeagwa, O.B. , C. Chikezie , M.O. Okwara

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(2017). Farming Risks and Security Challenges in Vegetable Production in Orlu, Imo State. Asian Development Policy Review, 5(1): 37-42. DOI: 10.18488/journal.107/2017.5.1/107.1.37.42
Farming risk is a security challenge that reduces the actual outcome from farmers expected outcome. Predominant farming risk is the reason for deviations from planned production in Imo State. Food supply gap becomes reduced if the farming risk associated with vegetable production is reduced and the effect on output increased through this study. A total of 152 farmers from 10 communities across three (3) local government areas of Orlu agricultural zone were used for data analysis. Data were obtained using a well-structured questionnaire and analyzed using descriptive statistics and econometric tools. Majority (98.7%) and (94.7%) of farmers planted fluted pumpkin, bitter leave respectively in a mixed cropping pattern to withstand risk and security challenges with 96.7% and 95.4% of them adopting correct planting distances and soil fertility amendments as copping strategies. The perceived risk intensity equation showed the linear model as the best fit with F-statistics of 15.182, greater than its tabulated value of 4.689 at p ? 0.05 critical value, hence the lead equation. The model has only 5 significant explanatory variables at p ? 0.05 with a co-efficient of multiple determination of 0.697, implying that 69.7% of the total variations in perceived farming risk intensity in vegetable production in the area were due to the included explanatory variables. Farmers perceived risk intensity increased significantly by 0.212%, 3.60% and 0.735% with a unit increase in farmer?s age, access to credits and household size respectively but decrease significantly by 5.87% and 2.6X10-6% with a unit decrease in risk mitigation measures and income at p ? 0.05 critical levels. Intensifying risk mitigation measures and encouraging younger vegetable farmers in vegetable production in the area can reduce farming risk in the area.
Contribution/ Originality
This study documents that perceived risk intensity of farmers engaged in vegetable crop production can be reduced or eliminated through the adoption of adequate risk management strategies which enhances the profitability and output of the farmers thereby engendering food security among household farmers in the area.

Economic Growth and Structural Change ? A Synthesis of the Walrasian General Equilibrium, Ricardian Distribution and Neoclassical Growth Theories

Pages: 17-36
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Economic Growth and Structural Change ? A Synthesis of the Walrasian General Equilibrium, Ricardian Distribution and Neoclassical Growth Theories

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DOI: 10.18488/journal.107/2017.5.1/107.1.17.36

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(2017). Economic Growth and Structural Change ? A Synthesis of the Walrasian General Equilibrium, Ricardian Distribution and Neoclassical Growth Theories. Asian Development Policy Review, 5(1): 17-36. DOI: 10.18488/journal.107/2017.5.1/107.1.17.36
This study proposes an economic growth model of structural change with heterogeneous households. It endogenously determine wealth accumulation and land value. Our model is based on three core theories in economics - Walrasian general equilibrium theory, Ricardian theory of distribution, and neoclassical growth theory. The paper is focused on effects of changes in determinants of the economic dynamics on income and wealth distribution and economic growth. We build an analytical framework for a disaggregate and microfounded general economic growth theory with endogenous wealth accumulation. We simulate the model. We find a unique equilibrium point and confirm stability. We plot the motion of the economy with three groups of households. We also conduct comparative dynamic analyses to get some insights into the complexity of economic growth and wealth and income distribution. For instance, we show that as the group with highest human capital increases its propensity to save, in transitory process the group?s and the other two groups? wealth levels are enlarged, the national output experiences negative growth; while in the long term the group?s and the other two groups? wealth levels continue to be enlarged, the national output experiences positive growth. We also demonstrate that if the population of the group whose human capital is lowest (highest) is increased, the wage rates and the wealth levels and consumption levels of consumer good of all the groups are reduced (enhanced).
Contribution/ Originality
The paper makes an original contribution to economic growth by integrating Walrasian general equilibrium theory, Ricardian theory of distribution, and neoclassical growth theory. The paper develops a model of dynamic interactions between economic structural changes, economic growth, wealth accumulation, and income and wealth distribution between heterogeneous households.

Public Sector Reforms and New Public Management: Exploratory Evidence from Australian Public Sector

Pages: 1-16
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Public Sector Reforms and New Public Management: Exploratory Evidence from Australian Public Sector

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DOI: 10.18488/journal.107/2017.5.1/107.1.1.16

Anup Chowdhury , Nikhil Chandra Shil

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(2017). Public Sector Reforms and New Public Management: Exploratory Evidence from Australian Public Sector. Asian Development Policy Review, 5(1): 1-16. DOI: 10.18488/journal.107/2017.5.1/107.1.1.16
This study is about the exploration of public sector reform agendas in the context of New Public Management initiatives in Australia. Australian public sector has been adopted as the field for investigation. The purpose of this study is to understand how new public management ideals become embedded in the new financially and managerially oriented Australian public sector which may be a learning for public sector in Southeast Asia. Evidence supported that the Australian Public Sector has operated within the context of a range of reformed government policies, strategies and laws. The primary catalyst of reforms in Australia was generated by government regulatory policies. It is also evident that the Australian Public Sector had made changes in their structure and operation to achieve cost-efficiency, budget accountability and an improved customer focus in service delivery. The research also demonstrates that implementation of reforms initiatives are the functions of New Public Management in the key areas of financial management. These findings are consistent with the view that changes to the Australian public sector promoted managerial accountability and a culture of performance.
Contribution/ Originality
The study contributes in the existing literature of Public Sector Reforms and New Public Management initiatives learnt from Australian Public Sector which may also be applicable to Asian Public Sector.