The second issue of the 4th Volume of the DBN Journal of Economics and Sustainable Growth presents six papers with diverse themes around international trade, stock market performance, credit flows and climate finance.
The first article titled, Energy Consumption and International Trade, examines the connection between Nigeria’s energy consumption and International trade. The author shows that energy consumption significantly improves total trade and recommends that policymakers should consider the tradeoffs between overall energy consumption and international trade to avoid unwanted consequences on the environment.
In the second article, Cross-Border Trade and Economic Growth, the authors investigate the growth effects of cross-border trade in Nigeria and Cote D'Ivoire and conclude that international trade is significantly beneficial to both economies and West Africa at large.
The third article, Political Regime and Stock Market Performance compares the Nigerian stock market's performances in the military and civilian regimes. The author of this article advocates for regulators to implement policies that can reduce volatility in the stock market.
The authors of the fourth article, Exchange Rate and Stock Price Links in Nigeria, examine the relationship between the exchange rate and stock prices in Nigeria. The authors find a positive relationship between both variables using the Vector Error Correction Model.
Credit Flows in Business and Credit Ratios: Sectorial Distribution and Economic Growth in Nigeria, explores, through empirical analysis, the effect of commercial banks’ lending activities on the Nigerian economy. The authors recommend an overhaul in the banks' lending policies, in the Nigerian business environment, and in sectoral policies.
The final paper titled Climate Change and Finance contains a comprehensive summary of previous research on the interaction of climate change and finance with a focus on financing low-carbon urban infrastructure. The author hopes to engender further research on the financial implications of climate change risks.