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Showing posts with the label Policy

Musings: Lockdown Costs

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Lockdown enterprise And release her crime Open the air And restore her dignity Lockdown creativity And release her craving Open her womb And restore her posterity Lockdown energy And release her corruption Open her doors And restore her market Lockdown culture And release her falsehood Open the truth And restore her sanity Lockdown price And release her debt Open her stream And restore her progress Lockdown time And release her slavery Open her space And restore her freedom Lockdown ladder And release her anxiety Open the skies And restore her flight Lockdown identity And release her insecurity Open her diversity And restore her unity Lockdown vision And release her chaos Open her eyes And restore her peace Lockdown talent And release her idleness Open the gates And restore her products  Lockdown palace And release her destruction Open her tent And restore her adventure Lockdown speech And release her noise Open her practice And restore her voice ... Photo credit:  BBC

School Choice: Between Prestige and Affordability

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I became interested in the intricacies of school choice a few years ago, when I began to closely observe household decision trends, with respect to school transitions in my local community. I started by interviewing parents who had children in the basic education age brackets. A considerable majority were concerned that the cognitive achievements of their young children were not at par with those of children from comparator schools. Many were willing to pay additional fees to get their wards enrolled in high-performing prestigious schools even though they were farther away from their homesteads. Low-income households tend to patronise and may prefer low-cost private schools to overcrowded and dilapidated public schools. Even though school ads and bill boards may attract some business, prospective clients utilise self-driven fact finding missions. Many engage members of their social and business networks to obtain firsthand school testimonials. For many parents of preschoolers, schools

Two Sides of a Coin: FDI and Nigeria’s Service-Led Structural Transformation

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By the 2014 rebasing of its GDP, Nigeria became Africa’s largest economy trumping its long time contender, South Africa. Amongst several things, the significant growth implies changes in the sectoral contribution of domestic output and employment. Conventionally, for a developing country context it is expected that international trade, foreign direct investment, industrial policy and global price fluctuations would have contributed to the shifts in the distribution of factors of production and final output. Given the uninclusive nature of the impressive surge in output, it is important to investigate what sectors accounted for the structural change. Using historical data on the Nigerian economy, Oyebanke and I examined (in a forthcoming paper) the contribution of foreign direct investment to structural transformation. Specifically, in the paper we provided answers to the following questions: What are the sources, nature and characteristics of the structural change