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Isiaka Akande Raifu

Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria

SCHOLARLY PAPERS

35

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Top 25,595

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4,931

TOTAL CITATIONS

11

Scholarly Papers (35)

1.

The Effect of Oil Revenue on Economic Growth in Nigeria: Evidence from Quantile Regression Method

DBN Journal of Economics and Sustainable Growth, Forthcoming
Number of pages: 33 Posted: 26 Jan 2023
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 667 (98,581)

Abstract:

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Oil Revenue, Oil Rents, Real GDP Per Capita, Industrial Production Index, Quantile Regression Method

2.

Financial Development and Manufacturing Output Growth Nexus in Nigeria: The Role of Institutional Quality

DBN Journal of Economics and Sustainable Growth, Vol. 1 Issue 2, pp. 1-43
Number of pages: 43 Posted: 27 Feb 2019
Alarudeen Aminu, Isiaka Akande Raifu and Bolanle Deborah Oloyede
University of Ibadan - Department of Economics, Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Dapartment of Economics, Faculty of Economics, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 639 (103,096)

Abstract:

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Financial Development, Manufacturing Output, Institutional Factors, ARDL

3.

The Effect of Financial Development on Unemployment in Nigeria: Do Measures of Financial Development Matter?

Raifu Isiaka Akande (2019), “The Effect of Financial Development on Unemployment in Nigeria: Do Measures of Financial Development Matter?” DBN Journal of Economics and Sustainable Growth Vol. 2, Issue 2, pp. 1-35
Number of pages: 35 Posted: 07 Nov 2019 Last Revised: 10 Nov 2019
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 463 (155,029)
Citation 1

Abstract:

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Financial Development Indicators, Unemployment Rate, ARDL

4.

Coal-Powered Energy, Energy Crisis and the South African Economy: Can Renewable Energy or Nuclear Energy Be Alternative Options?

Number of pages: 34 Posted: 28 Dec 2024
Isiaka Akande Raifu, Fidelis Ademola Obaniyi and Nantap Ditep
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, Centre for the Study of the Economies of Africa and Centre for the Study of the Economies of Africa
Downloads 257 (303,770)

Abstract:

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Renewable energy, nuclear energy, economic growth

5.

Simulating the Inflationary Effects of Fuel Subsidy Removal in Nigeria: Evidence from a Novel Approach

Number of pages: 13 Posted: 30 Nov 2023
Isiaka Akande Raifu and Joshua Afolabi
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Nigerian Institute of Social and Economic Research
Downloads 217 (362,957)

Abstract:

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Inflation, PMS price, Fuel subsidy removal

6.

Effect of Exchange Rate Volatility on Financial Sector Development: Evidence from Nigeria and South Africa

Number of pages: 25 Posted: 28 Sep 2022
Isiaka Akande Raifu and Adesoji O. Farayibi
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and University of Ibadan
Downloads 214 (357,858)

Abstract:

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Exchange Rate Volatility, Financial Development, GARCH, Stochastic Volatility Model

7.

The Effects of COVID-19 Pandemic on Stock Market Performance in Africa

Number of pages: 20 Posted: 18 Nov 2021
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 189 (403,391)
Citation 2

Abstract:

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COVID-19 pandemic, Cases, Deaths, Stock Market Returns

8.

Do Government Revenues Matter for Economic Growth?: Evidence From Nigeria

European Journal of Government and Economics 7(1), June 2018, 60-84
Number of pages: 25 Posted: 19 Jul 2018
Isiaka Akande Raifu and Abiodun najeem Raheem
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Abeokuta Federal University of Agriculture (UNAAB) - Department of Economics
Downloads 142 (518,102)

Abstract:

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Oil Revenue, Economic Growth, ARDL

9.

COVID-19 Pandemic, Government Policy Responses and Stock Market Performance in Some Selected African Countries

Number of pages: 37 Posted: 24 Feb 2022
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 132 (551,165)

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10.

Revisiting Causal Relationship between Renewable Energy and the Economy in OECD Countries: Evidence from a Novel Jks's Granger Non-Causality Test

Number of pages: 21 Posted: 18 Jul 2024
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, Centre for the Study of the Economies of Africa, Centre for the Study of the Economies of Africa (CSEA) and Centre for the Study of the Economies of Africa (CSEA)
Downloads 122 (588,531)

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Renewable Energy Consumption, Real GDP, Manufacturing Production Index, JKS Granger Non-Causality Test

11.

Impact of Oil Revenue on Unemployment in Nigeria: Evidence from ARDL and Quantile Regression Methods

The Journal of Energy and Development, Vol. 47, Nos. 1 and 2, 2022
Number of pages: 28 Posted: 05 Jan 2023
Isiaka Akande Raifu and Alarudeen Aminu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and University of Ibadan - Department of Economics
Downloads 118 (608,822)

Abstract:

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Unemployment, Oil Revenue, Oil Price, ARDL, Quantile Regression

12.

Stock Market Development and Economic Growth: Evidence from Africa

Euro-Asian Journal of Economics and Finance, Vol. 5, Issue 1, January 2017
Number of pages: 22 Posted: 03 Jan 2018
Obianuju Nnadozie and Isiaka Akande Raifu
University of Benin - Department of Economics & Statistics and Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 114 (626,371)
Citation 1

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Stock Market Development; Economic Growth in Africa; Panel Data Analysis; Cross Sectional Dependence Test

13.

Examining Structural Stability and Time-Varying Causality between Economic Policy Uncertainty and Asia-Pacific Islamic Stock Price

Number of pages: 12 Posted: 09 Jan 2023
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 112 (630,858)

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Economic Policy Uncertainty, Asia-Pacific Islamic Stock Price, Structural Breaks, Time-Varying Causality

14.

The Effect of Military Spending on Economic Growth in MENA: Evidence from Method of Moments Quantile Regression

Number of pages: 36 Posted: 10 Jan 2023
Isiaka Akande Raifu and Alarudeen Aminu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and University of Ibadan - Department of Economics
Downloads 105 (664,543)

Abstract:

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Military Spending, Economic growth, Quantile Regression via Moments

15.

On the Determinants of Unemployment in Nigeria: What are the Roles of Trade Openness and Current Account Balance?

Review of Innovation and Competitiveness: A Journal of Economic and Social Research, Volume 3, Issue 4, 2017
Number of pages: 26 Posted: 08 Jan 2018
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 105 (664,543)
Citation 1

Abstract:

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Trade openness, current account balance, unemployment rate, Autoregressive Distribution

16.

Impact of Financial Development on Merchandise Trade in Nigeria: A Disaggregate Analysis

DBN Journal of Economics and Sustainable Growth Vol 3 Issue 1, pp. 47-80
Number of pages: 35 Posted: 26 Mar 2021
Isiaka Akande Raifu and Oludele Folarin
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and University of Ibadan - Department of Economics
Downloads 101 (689,572)

Abstract:

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Financial Development, Liquidity Constraints, International Trade, Comparative Advantage, ARDL, Nigeria

17.

Testing Multiple Structural Breaks in the Oil price-Stock Price Nexus during the Russia-Ukraine War in Asian Oil-Importing Countries

Number of pages: 11 Posted: 18 Jan 2023
Isiaka Akande Raifu and Terver Theophilus Kumeka
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Dominican University
Downloads 98 (704,534)

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Oil Price, Stock Price. Structural Breaks, Russia-Ukraine War

18.

Dynamic Effects of Oil Price Shocks on Sectoral Outputs in Nigeria: Application of Linear and Nonlinear ARDL

Number of pages: 39 Posted: 12 Feb 2024
Isiaka Akande Raifu and Bolanle Deborah Oloyede
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Dapartment of Economics, Faculty of Economics, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 94 (725,554)

Abstract:

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Oil price shocks, agricultural output, industrial output, services output, ARDL, NARDL

19.

Does Unemployment Still Follow Hysteresis Hypothesis in Nigeria? Evidence from Linear and Nonlinear Unit Root Test Methods

Journal of International Cooperation and Development, Vol 3, No 1, May 2020
Number of pages: 16 Posted: 01 Aug 2020
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 91 (736,406)

Abstract:

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Unemployment, Unemployment Hysteresis Hypothesis, Unit Root Tests

20.

Examining the Response of Inflation to the Boom-Bust Cycle of Oil Price: Evidence from Nigeria

Number of pages: 30 Posted: 13 Jul 2022
Obianuju Nnadozie, Lotanna E. Emediegwu and Isiaka Akande Raifu
University of Benin - Department of Economics & Statistics, Manchester Metropolitan University and Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 86 (765,566)
Citation 1

Abstract:

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Crude Oil Prices, Inflation, Nonlinear Autoregressive Distributed Lag Method (NARDL)

21.

Effect of Military Spending on Private Investment in Nigeria: Does Crowding-Out Effect Exist?

Number of pages: 22 Posted: 22 Nov 2022
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 85 (771,553)

Abstract:

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military spending, private investment, crowd-out, ARDL and VAR

22.

The Effects of COVID-19 Pandemic and Government Policy Responses on Stock Market Returns: Evidence from Tourism and Travel Stock Returns

Number of pages: 27 Posted: 04 Oct 2022
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 80 (803,225)

Abstract:

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Tourism and Travel Stock Returns; COVID-19 Confirmed Cases and Deaths; Investor Sentiment,Lockdown Policy

23.

Are All Shocks Alike? Evidence from the Effects of Oil Shocks on Military Expenditure in Nigeria

Forthcoming: Energy Research Letters.
Number of pages: 10 Posted: 13 May 2023
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 74 (844,901)

Abstract:

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Oil Shocks, Military Expenditure

24.

Does Business Cycle Affect Health Expenditure? Evidence from Nigeria

Number of pages: 22 Posted: 07 Jun 2023
Isiaka Akande Raifu, Olaide Opeloyeru and Kehinde Agbatogun
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, Tai Solarin University of Education - Department of Economics and Tai Solarin University of Education - Department of Economics
Downloads 71 (867,774)
Citation 3

Abstract:

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Business Cycle, Health Expenditure, Gross Domestic Product, Procyclical, Countercyclical

25.

Is the Russia-Ukraine War Responsible for Global Inflation? An Empirical Note 

Number of pages: 8 Posted: 21 Oct 2024
Isiaka Akande Raifu and Temitope Abodunde
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Nigerian Institute of Social and Economic Research
Downloads 70 (891,180)
Citation 1

Abstract:

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Russia-Ukraine war, Inflation

26.

Infrastructure and Manufacturing Sector Performance in Sub-Sahara African Countries

Number of pages: 34 Posted: 21 Feb 2025
Obianuju Nnadozie, Isiaka Akande Raifu and Joshua Afolabi
University of Benin - Department of Economics & Statistics, Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Nigerian Institute of Social and Economic Research
Downloads 69 (891,180)

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Infrastructure, Manufacturing Value-Added, Sub-Saharan Africa, Panel Data Analysis

27.

Political Regime and Stock Market Performance: Evidence from Nigeria (1985-2018)

Raifu I A. (2021). Political Regime and Stock Market Performance: Evidence from Nigeria (1985-2018). DBN Journal of Economics and Sustainable Growth, Volume 4, Issue 2, pp. 47-83
Number of pages: 37 Posted: 24 Jun 2021
Isiaka Akande Raifu
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria
Downloads 65 (916,100)

Abstract:

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28.

Does Access to Clean Fuel and Technology Improve Health Outcomes? A Comparative Analysis of Africa and Asia

Number of pages: 10 Posted: 22 Jul 2024
Isiaka Akande Raifu and Nantap Ditep
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Centre for the Study of the Economies of Africa
Downloads 61 (951,658)
Citation 1

Abstract:

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Clean Fuel and Technology, Health Outcomes

29.

Revisiting Tourism-Led-Growth Hypothesis in the Presence of Structural Break: The Case of Spiritual Tourism and Economic Growth in Saudi Arabia

Number of pages: 17 Posted: 15 Jul 2025
Isiaka Akande Raifu and Lukman Lasisi
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Lagos Business School, Lekki
Downloads 58 (989,921)

Abstract:

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Spiritual Tourism, Economic Growth, Structural Breaks, GMM

30.

Testing Asymmetric Unemployment Invariance Hypothesis in Africa: Evidence from Non-Dynamic and Dynamic Panel Threshold Methods

Number of pages: 36 Posted: 06 Jan 2026
Isiaka Akande Raifu, Oluwafemi M. Adeboje and Emmanuel Obijole
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, Nigerian Deposit Insurance Corporation (NDIC) - Research, Policy & Int’l Relations Department and University of Ibadan
Downloads 52 (1,063,489)

Abstract:

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Unemployment, Labour Force Participation, Youth, Working-Age Group, Threshold Analysis

31.

The Role of Domestic Economic Competitiveness in Trade-Employment Nexus in Nigeria

Number of pages: 41 Posted: 13 Feb 2023
Isiaka Akande Raifu and Sebil Oshota
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Independent
Downloads 51 (1,063,489)

Abstract:

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Trade intensity, export share, domestic economic competitiveness

32.

On the Nexus Between Terrorism and Tourism in Nigeria: What Role Does Institutional Quality Play?

Number of pages: 26 Posted: 25 Jun 2025
Isiaka Akande Raifu, Sebil OSHOTA and Olusegun Ojo
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, affiliation not provided to SSRN and University of Ibadan - Department of Economics
Downloads 42 (1,157,785)

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Terrorism, Tourism, Institutional Quality JEL Classifications: F51, L83, O43

33.

Modelling Tourism-Environmental Pollution-Health Outcomes Nexus in Africa

Number of pages: 11 Posted: 03 Dec 2025 Last Revised: 07 Dec 2025
Isiaka Akande Raifu and Priscilla Alikor
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Centre for the Study of the Economies of Africa
Downloads 38 (1,209,354)

Abstract:

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Tourism Arrivals, Environmental Pollution, Health Outcomes

34.

Testing Causal Relationship between Institutional Quality and Inclusive Growth: Evidence from Panel Causality Tests

Number of pages: 29 Posted: 17 Mar 2026
Isiaka Akande Raifu, Joshua Afolabi and Terver Kumeka
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria, Nigerian Institute of Social and Economic Research and Dominican University, Ibadan
Downloads 34 (1,332,057)

Abstract:

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Institutional Quality, Inclusive Growth, Causality Tests

35.

Does Causality Between Tourism and Environmental Pollution Depend on Economic Development Level? A Novel Evidence from JKS’s Panel Granger Non-Causality Method

Number of pages: 7 Posted: 30 Jul 2025
Isiaka Akande Raifu and Fidelis Ademola Obaniyi
Department of Economics, Faculty of Economics and Management Sciences, University of Ibadan, Ibadan, Oyo State, Nigeria and Centre for the Study of the Economies of Africa
Downloads 15 (1,500,778)

Abstract:

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Tourism, Co2 Emission, Causality