ARTICLE | doi:10.20944/preprints201901.0289.v1
Subject: Mathematics & Computer Science, Probability And Statistics Keywords: Exchange rate, Inflation rate; Gross Domestic Product, Broad Money, Monetary Policy, ARDL Cointegration
Online: 29 January 2019 (09:28:19 CET)
The present reality of the Nigerian economy is the fact that inflation has remained unabated in spite of all exchange rate measures that have been adopted by the monetary authority. This calls for investigation into the extent to which exchange rate impact on inflation in Nigeria. The research paper examined the impact of exchange rate depreciation on inflation in Nigeria for the period 1981–2017, using Auto Regressive Distributed Lag (ARDL) Bounds Test Cointegration Procedure. The research shows that inflation rate in Nigeria is highly susceptible to lagged inflation rate, exchange rate, lagged exchange rate, lagged broad money, and lagged gross domestic product at 5% level of significance. A long run relationship was also found to exist between inflation rate, gross domestic product and general government expenditure, indicating that the model has a self-adjusting mechanism for correcting any deviation of the variables from equilibrium. Therefore, this study concludes that exchange rate is an important tool to manage inflation in the country; thus, this paper recommends that policies that have direct influence on inflation as well as exchange rate policies that would checkmate inflation movement in the country, should be used by the Central Bank of Nigeria. Also, monetary growth and import management policies should be put in place to encourage domestic production of export commodities, which are currently short-supplied. In addition, policy makers should not rely on this instrument totally to control inflation, but should use it as a complement to other macro-economic policies.
ARTICLE | doi:10.20944/preprints202107.0409.v1
Subject: Engineering, Automotive Engineering Keywords: Effective Construction; Waste Reduction; achieving Sustainable Development Goals; partial least square structural equation modeling (PLS-SEM)
Online: 19 July 2021 (12:11:42 CEST)
As a result of rapid population growth, an exponentially growing human population, and industrial expansion, it has become increasingly difficult to manage municipal solid wastes throughout the world. Decentralized waste management systems have created difficult situations in developing countries such as Malaysia. Wastes generated in the country, due to various cultural, social, and religious activities, organic and contributing to environmental pollution (air, water, and soil) and human health troubles. A questionnaire survey was participated by 220 construction professionals in Malaysia using structured and semi-structured methods. The framework was assessed using A partial least square structural equation modeling (PLS-SEM) to target sustainable development goals (SDG). Statistical analysis results indicate a significant effect between SCW management, since(r(270)=.687, P<0.001). Improving factors has strong relationship with SCW management, since(r(270)=.723, P<0.001). The mediation results also suggested a significant indirect positive effect of improving factors drivers on SCW management through policy-related factors sinceβ=0.688, t=8.254, P<0.001, 95% CI for β=0.536,0.866. Finally, policy-related factors construct has a strong relationship with SCWM) management, since(r(270)=.811, P<0.001) With the R Square of 0.787 and 0.785. The developed framework can improve construction waste management in the construction industry and enhance construction waste management to achieve global sustainable development goals. The findings show that one of the most critical issues of enhancing profitability is using preventive policies to reduce construction waste. This study could guide construction industry stakeholders in identifying the different waste management features during a building project's construction and design stage