Structuralist Reorientation of the Adjustment Programme 1988—92

2018 ◽  
pp. 247-288
Author(s):  
Jane Harrigan
Keyword(s):  
2005 ◽  
Vol 22 (2) ◽  
pp. 357-368
Author(s):  
Emeka Nwokedi

Nigeria's leadership role in inter-African relations remains a myth despite the country's assertiveness in the areas of liberation, conflict mediation and regional economic integration. Rhetoric and posturing in inter-African diplomacy have become a substitute for reality. Furthermore, the weakness of the Nigerian domestic structure and the effects of the structural adjustment programme negate Nigerians capabilities to exert a leadership in inter-African diplomacy.


2019 ◽  
Vol 222 ◽  
pp. 274-284 ◽  
Author(s):  
Ilias Kyriopoulos ◽  
Zlatko Nikoloski ◽  
Elias Mossialos

1998 ◽  
Vol 23 (1) ◽  
pp. 75-82
Author(s):  
Ela R Bhatt

In recent years⁄ there has been considerable discussion in India on Structural Adjustment Programme and its impact on the economy. However⁄ the moot question is whether restructuring efforts have benefited the ‘people sector’ that includes the workers who are informal⁄ unorganized, and selfemployed. Based on years of experience with SEWA, Ela Bhatt argues that most economic policies including the recent economic reforms have largely benefited the large corporate bodies and have completely ignored the poor and the women. According to her⁄ it is possible to benefit from the reforms if the focus of economic reforms is shifted to the micro level.


2020 ◽  
Vol 28 (3) ◽  
pp. 465-495 ◽  
Author(s):  
Maria Elisabete Neves ◽  
Zélia Serrasqueiro ◽  
António Dias ◽  
Cristina Hermano

Purpose This paper aims to analyse the Portuguese companies’ determinants of capital structure. To reach this objective, the authors used data from 37 non-financial Portuguese large enterprises and from 4,233 non-financial small and medium enterprises for the period 2010-2016. Additionally, the authors selected a sub-period from 2010 to 2014 for a deeper understanding of the impact of the sovereign debt crisis and the Economic Adjustment Programme of Troika on the capital structure of those companies. Design/methodology/approach Three dependent variables were tested according to debt maturity, and a dynamic panel data model, namely, the generalised method of moments system estimator, was used to test the formulated research hypotheses following Arellano and Bover (1995) and Blundell and Bond (1998) to capture the dynamic nature of the firm’s capital structure decisions. Findings In general, the results point out that the capital structure decisions depend on a set of firm-specific factors, and that the effects of the determinants of the debt maturity ratios differ according to the type of firm, i.e. large/small firms, and the economic cycle. Originality/value To the best of the authors’ knowledge, this is the first study that has been carried out in Portugal by using two samples of large and small companies for analysing the effects of the Economic Adjustment Programme of Troika on the capital structure of companies. The authors seek to understand which type of companies suffered more because of the effects of the Economic Adjustment Programme of Troika during this period, and which are the capital structure determinants that present greater change. Contrary to what might be expected, large companies are the firms that suffer most from the Economic Adjustment Programme. Probably, because these companies are the most immediate, most scrutinised and those that must show abroad that the bank did not fund them in the long term, because of the imposition and limits to grant credit faced by the banks themselves.


1996 ◽  
Vol 34 (1) ◽  
pp. 79-103 ◽  
Author(s):  
Peter Lewis

Upon taking power in August 1985, General Ibrahim Babangida promised a decisive course of economic and political change for Nigeria. Alongside a phased transition to democratic rule, the new President outlined far-reaching reforms intended to alleviate major distortions in the economy, to resolve a lingering impasse with external creditors, and to reduce a mounting burden of debt. Within a year, a comprehensive structural adjustment programme (SAP) was launched, incorporating key policies advocated by the World Bank and the International Monetary Fund (IMF), and yielding significant early results in stabilising the economy and arresting decline.


1995 ◽  
Vol 41 (4) ◽  
pp. 267-280 ◽  
Author(s):  
Stephen Ekpenyong

The article analyzes the impact of recent economic changes accompanying the introduction of the Structural Adjustment Programme (SAP) and ongoing cultural styles on the aged in Nigeria. It argues that during the one decade preceding the introduction of SAP in 1986, Nigeria experienced significant social and economic transformations made possible by the rise in oil prices in the 1970s. The introduction of SAP has also been accompanied by significant social, cultural, and economic changes. Here the effects of these changes on the situation of the elderly in Nigeria are examined using data pooled from observations and surveys in both the pre- and post-SAP years. Findings reveal that compared to the younger generations, the relative position of the elderly has not changed significantly, although the latter's position has deteriorated on dimensions such as access to economic and health resources. Regional and individual differentials in the situation of old people are significant during both the pre- and post-SAP era.


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