On November 24th Dr. Barkley’s Macroeconomics and Statistics students from the International College Beijing went on a 2 hour tour of the National Bureau of Statistics (NBS) in Beijing, China. The NBS collects data and publishes hundreds of statistics on China’s economy including inflation rate, GDP, wages, energy consumption and CPI. In addition to a museum collection documenting the use of statistics in China dating back several centuries, the NBS has English and Mandarin reading rooms.
NBS Beijing, China
Nurturing an industrial cluster in Nigeria
Daniel Barkley, EOTM Executive Director Nuruddeen Nyako, EOTM Research Fellow Abduhameed Mahmood, American University of Nigeria IT Student
Making It is a quarterly magazine to stimulate debate about global industrial development issues. Published by UNIDO, the specialized agency of the United Nations promoting inclusive and sustainable industrial development.
In the wake of the global financial crisis of September 2008, Islamic financial products were thrust into the spotlight as alternatives to the shaken conventional equity markets. To examine the resilience of Islamic equities indexes, we compare the performance of the Dow Jones Islamic Market Index (DJIMI) against the Wilshire 5000 (W5000), FTSE All Share Index (ASX), and Shanghi Stock Exchange Composite Index (SSECI) between 2008 and 2011. We found the DJIMI had lower levels of volatility relative to the W5000, ASX and the SSE. The DJIMI annual returns were less than the W5000 but comparable to those of the ASX and SSE. Although these equity indexes are highly correlated, our cointegration analysis revealded no the long-term relationships between the DJIMI and its international counterparts. Although the DJIMI is comprised of equity shares from over 50 countries, our Granger causality results suggest that the DJIMI is the least susceptible the global contagion effects.
Daniel Barkley, Ph.D. ,Executive Director Zubair Akbar, Research Fellow
Journal of Islamic Economics, Banking and Finance Vol. 11, No. 14, January – March 20, 2015
EOTM Executive Director, Dr. Daniel Barkley and EOTM Research Associate Nuruddeen Nyako deliver safety items
EOTM Research Associate Nuruddeen Nyako and EOTM Executive Director delivered safety items to the PantekaYola Industrial District last week. This included spirits (isopropyl alcohol), plasters (bandages), hydrogen peroxide, gauze, cotton balls, Repel anti-mosquito wipes, anti-diarrhea tablets, throat lozenges,100 pairs of rubber gloves and a 6000 kg fire extinguisher. The proceeds from the sale of safety goggles were use to purchase these safety items.
EOTM Research Associate, Nuruddeen Nyako interviewing Panteka workers on the benefits of wearing safety glasses.
Panteka workers say they prefer the EOTM safety glasses because they cost less and are more durable than the ones sold locally.
Some of the beneficiaries of EOTM safety glasses have been children.
Economics On The Move’s (EOTM) Research Associate Nuruddeen Nyako began interviews with PantekaYola workers on the use of safety glasses.
The PantekaYola Industrial District is where hundreds of blacksmiths, craftsmen, welders use Yola’s refuge to make everything from deep freezers to automobile spare parts. Many Panteka workers labor without the benefit of hard hats, face masks, protective shoes or gloves. Some of these workers are children.
EOTM purchased 35 safety glasses in the U.S. and paid to ship them to Yola where they were subject to: “Custom Duties,” “Recall Fees,” “Redirection Charges,” “Trade Charges,” “Retention Fees,” and “Parcel Handling Charges” totaling 4,957 naira. However, the glasses were sold to Panteka workers at cost, or N250 each. Proceeds from the sales are going toward the purchase of first-aid kits and a fire extinguisher for Panteka workers.
During the interviews, workers mentioned that the glasses help protect their eyes and they purchased the EOTM glasses instead of ones sold locally because of the cost and quality.
Nuruddeen believes that high prices for safety items discourages Panteka workers and Nigerians in general from developing a “work-safe” environment/ attitude. He plans to use examples from Panteka to advocate for policy reforms that promote worker safety.
The PantekaYola Industrial District in Yola, Nigeria is where hundreds of blacksmiths, craftsmen, welders use Yola’s refuge to make everything from deep freezers to automobile spare parts.
Many Panteka workers labor without the benefit of safety goggles, hard hats, face masks, protective shoes or gloves. Some of these workers are children. Help make sustainable development safe. Please contact me if you are able to donate any of the above items.