July 7, 2017

Consequences Of School Resources For Educational Achievement

This paper examines the
determinants of educational achievement in a developing country context,
Burkina Faso. We deviate from the extant literature by constructing an
aggregate index of school quality from the observable school resources. Also, we
account for school choice constraints, faced by children especially in rural
areas, as it relates to the geographical inequalities in the distribution of
quality schools. These treatments provide an unbiased estimates of the
relevance of school resources for academic performance. The empirical approach
is based on a two-stage procedure that accounts for supply constraints in
school choice.

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March 13, 2018 - 4:00 am
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Nigeria Economic Update (Issue 39)

The monthly monetary survey by the CBN shows a decline in money supply for the month of August 2017, relative to July 2017. Narrow and broad money supply dropped by 4.2% and 1.5% to N9,891 billion and N21,851 billion respectively. The continuous monetary contraction witnessed over the past months may be associated with aggressive sale of treasury bills by the CBN through open market operations. This act is capable of mopping up liquidity in the economy, reduce loanable funds in the banking system, and constrain the easing of lending rates in the near term.