Professor Iyoha - curriculum vitae
	Curriculum Vitae | Address | Main View my Curriculum Vitae below  Curriculum Vitae MILTON A. IYOHA  October 2005 PRESENT POSITION Professor of Economics Department of Economics and Statistics University of Benin, Nigeria OFFICIAL ADDRESS Department of Economics and Statistics University of Benin Benin City, Nigeria POSTAL ADDRESS P.O. Box 2439 Benin City, Nigeria TELEPHONE AND FAX 234-52-256322 (residence) 234-802-3374566 (GSM) 234-803-5733559 (GSM) EMAIL iyohama@yahoo.com or miyoha@iyoha.com WEBSITE http://www.iyoha.com DATE AND PLACE OF BIRTH December 18, 1943 Benin City, Nigeria NATIONALITY Nigerian DEGREES Ph.D. (Econ.), Yale University, USA, 1970 M.A. (Econ.), Yale University, USA, 1967 B.A. summa cum laude (Hons.) (Econ.), Oberlin, USA, 1966 AREAS OF SPECIALIZATION Development Economics International Economics Econometric and Quantitative Methods Macroeconomic Theory and Policy INTERNATIONAL CONSULTANCY AERC, 1997-2005 ILO, 1996, 1999-2000 IMF, 1999-2000, 2003 UNDP, 1994-1995, 2002 UNECA, 1991 West African Monetary Institute, 2001 West African Institute for Financial & Economic Management, 2001-2005 World Bank, 1993-94, 2001-2003 ACADEMIC POSITIONS Professor of Economics, 1980-present Associate Professor of Economics, 1977-1980 Senior Lecturer in Economics, 1975-1977     Department of Economics and Statistics University of Benin, Benin City, Nigeria Assistant Professor, 1970-1975     Department of Economics State University of New York at Buffalo Buffalo, NY, USA Research Fellow in Economics, 1969-1970     Brookings Institution Washington, DC, USA ADMINISTRATIVE POSITIONS University of Benin: Dean, Faculty of Social Sciences, 1982-1984 Head, Department of Economics and Statistics, 1975-1980, 1982-1983, 1987-1990, and 2002-05 University of Lagos Director, Human Resources Research Unit, 1981-1982 (Sabbatical leave from University of Benin) State University of New York at Buffalo: Director of Undergraduate Studies, Department of Economics, 1972-1973 & 1974-1975 HONOURS Summa cum Laude Phi Beta Kappa SCHOLARSHIPS AND FELLOWSHIPS Brookings Research Fellow in Economics, 1969-1970 Harold Stonier Fellow in International Economics at Yale University, 1967 & 1968 African Scholarship Program of American Universities (ASPAU) Scholar, 1963-1966 RESEARCH GRANTS African Economic Research Consortium (AERC) Research Grant, 1996 & 2001/2003 University of Benin Research Grant, 1976-1977, 1994-1995 State University of New York at Buffalo Faculty Research Fellowship, 1971 & 1972 PROFESSIONAL AFFILIATIONS Nigerian Economic Society (Life Member), Vice President, 1996-1997 American Economic Association West African Economic Association Nigerian Statistical Association TEACHING RECORD At the University of Benin, 1975-present  (a) Undergraduate Level (B.Sc.) Advanced Macroeconomic Theory Economic Development & Planning International Economics Advanced Econometrics Mathematics for Economists TEACHING RECORD (cont.) (b) Post-Graduate Level (M.Sc. & Ph.D.) Development Economics Quantitative Methods in Economics Macroeconomic Theory International Trade and Finance Econometrics Capital Theory At the State University of New York at Buffalo, USA, 1970-1975 (a) Undergraduate Level (B.Sc.) Principles of Macroeconomics Principles of Microeconomics Money and Banking International Finance Intermediate Macroeconomic Theory International Economics (b) Post-Graduate Level (M.Sc.) Macroeconomic Theory and Policy International Economics Development Economics (c) Post-Graduate Level (Ph.D.) Macroeconomic Theory Macroeconometrics Economic Development and Planning EXTERNALEXAMINER Have served as an External Examiner for the B.Sc. (Econ.), M.Sc. (Econ.), or Ph.D. (Econ.) exams for: University of Cape Coast, Cape Coast, Ghana University of Ibadan, Ibadan University of Lagos, Lagos Ahmadu Bello University, Zaria University of Nigeria, Nsukka University of Calabar, Calabar University of Jos, Jos University of Abuja, Abuja Bayero University, Kano EDITORIAL POST Consulting Editor, West African Financial and Economic Review, 2002 - present Editor, Nigerian Economic and Financial Review, 2000 - present Associate Editor, Nigerian Journal of Economic and Social Studies, 1976-81. REFEREE FOR JOURNALS Have refereed articles for the following journals: Economic Development and Cultural Change Journal of Developing Areas Nigerian Journal of Economic and Social Studies Nigerian Geographical Journal Journal of Business and Social Studies Benin Journal of Social Sciences Journal of Policy and Strategy Nigerian Economic and Financial Review Nigerian Journal of Economic and Management Studies Journal of Economic Management NCEMA Policy Analysis Series West African Financial and Economic Review PUBLICATIONS (a) BOOKS 1. Applied Econometrics. Benin City: Mindex Publishing, 2004. 2. Introduction to Econometrics, co-authored with O.T. Ekanem. Benin City: Mareh Publishers, 2004. 3. Macroeconomics: Theory and Policy. Benin City: Mindex Publishing. 2004. 4. Theory of Economic Development and Planning, co-authored with D.E. Amadasu. Benin City: Socent Press, 2004. 5. An Introduction to Modern Microeconomics, co-authored with S.A. Oyefusi and D.E. Oriakhi. Benin City: Mindex Publishing, 2003. 6. Nigerian Economy: Structure, Growth and Development, co-edited with C.O. Itsede. Benin City: Mindex Publishing, 2003. 7. International Trade and Finance, co-authored with A.O. Unugbro. Benn City: Mindex Publishing, 2002. 8. An Introduction to Modern Macroeconomics, co-authored with S.A. Oyefusi and D.E. Oriakhi. Benin City: Mindex Publishing, 2002. 9. Managerial Economics, co-authored with O.T. Ekanem. Benin City: Mareh Publishers, 2002. 10. Mathematical Economics: An Introduction, co-authored with O.T. Ekanem. Benin City: Mareh Publishers, 2000. 11. Microeconomic Theory, co-authored with O.T. Ekanem. Benin City: Mareh Publishers, 1999. 12. An Introduction to Modern Economics, co-authored with S.A. Oyefusi and D.E. Oriakhi. Benin City: Mareh Publishers, 1998. 13. Macroeconomics for a Developing World. Benin City: Miyo Educational Publishers, 1998. 14. Macroeconomic Policy Analysis: Tools, Techniques and Applications to Nigeria, co-edited with M. I. Obadan. Ibadan: NCEMA, 1996. 15. Macroeconomics: An African Perspective. Benin City: Miyo Consult Ltd., 1996. 16. Industrialization in the Economic Community of West African States, co-edited with V. P. Diejomaoh. Ibadan: Heinemann Educational Publishers, 1980. 17. Industrialization and Its Effects in a Developing Economy. Benin City: Eddypack Publishers, Ltd., 1979. 18. Urbanization and Nigerian Economic Development, co-edited with M. O. Kayode. Ibadan: Nigerian Economic Society, 1979. (b) CHAPTERS IN BOOKS 19. “Macroeconomic and debt management policies”. In Democratic Governance and Development Management in Nigeria’s Fourth Republic, 1999-2003, I.B. Bello-Imam and M.I. Obadan (Eds.). Ibadan: Centre for Local Government and Rural Development Studies. 2004. 20. “An econometric model of the Nigerian economy”. In Nigerian Economy: Structure, Growth and Development, M.A. Iyoha and C.O. Itsede (Eds.). Benin City: Mindex Publishing. 2003. 21. “An overview of leading issues in the structure and development of the Nigerian economy since 1960”. In Nigerian Economy: Structure, Growth and Development, M.A. Iyoha and C.O. Itsede (Eds.). Benin City: Mindex Publishing. 2003. 22. “Assessment of Nigeria’s economic performance since 1960”. In Nigerian Economy: Structure, Growth and Development, M.A. Iyoha and C.O. Itsede (Eds.). Benin City: Mindex Publishers. 2003. 23. “The global patterns of development in the 20th century and their lessons.” In Development Thought, Policy Advice and Economic Development in Africa in the 20th Century: Lessons for the 21st Century, A.G. Garba (Ed.). Ibadan: Ibadan University Press, 2003. 24. "An econometric analysis of external debt and economic growth in sub-Saharan African countries". In External Debt and Capital Flight in sub-Saharan Africa, S. Ibi Ajayi and Mohsin S. Khan (Eds.). Washington, D.C.: International Monetary Fund, 2000. 25. "Debt, commodities and resource flows". In The Political Economy of Development: An African Perspective, S. Rasheed and S. Tomori (Eds.). Accra, Ghana: ICIPE Science Press, 1996. 26. "Introduction: An overview of leading issues in macroeconomic policy design and management". In Macroeconomic Policy Analysis: Tools, Techniques and Applications to Nigeria, M. I. Obadan and M.A. Iyoha (Eds.). Ibadan: NCEMA, 1996. 27. "Macroeconometric models". In Macroeconomic Policy Analysis: Tools, Techniques and Applications to Nigeria, M. I. Obadan and M.A. Iyoha (Eds.). Ibadan: NCEMA, 1996. 28. "Economic liberalization and the external sector". In Macroeconomic Policy Issues in an Open Economic: A Case Study of Nigeria, A. Iwayemi (Ed.). Ibadan: NCEMA, 1995. 29. "Impact of the structural adjustment programme on the structure of Nigeria's foreign trade". In Structural Adjustment Programme in the Nigerian Economy, E. Osagie (Ed.). Kuru: National Institute for Policy and Strategic Studies, 1992. 30. "Economic development and trade theories: Relevance and implications for ECOWAS". In Trade and Development in ECOWAS, A. Orimalade and R. E. Ubogu (Eds.). New Delhi, India: Vikas Publishing House, 1984. 31. "Economic development in Africa: Prospects and problems". In Africa as Seen by the Africans, R. Desai (Ed.). Franklin Watts Publishing Company, U.S.A., forthcoming. 32. “Introduction to Africa". In Africa as Seen by the Africans, ibid. 33. "The economic implications of apartheid". In Apartheid and Politics. S. Orobator (Ed.), forthcoming. (c) MAJOR JOURNAL ARTICLES 34. “African economic integration: Are there lessons for the West African Monetary Zone?” West African Financial and Economic Review, vol. 1, no. 2, December 2004. 35. “OECD farm subsidies, unfair trade practices and persistent poverty in Africa.” Nigerian Economic and Financial Review, vol. 8, no. 2, December 2003. 36. “Determination of exchange rates: Theoretical and policy perspectives.” Nigerian Economic and Financial Review, vol. 8, no. 1, June 2003. 37. “A common monetary policy for the West African Monetary Zone: Rationale and design.” West African Financial and Economic Review, vol. 1, no. 1, June 2003. 38. “The impact of globalization on agricultural exports and economic development in Africa.” African Notes, November/December. Cornell University, 2003. 39. “Globalization, trade and economic growth: The African experience.” Nigerian Economic and Financial Review, vol. 7, no. 2, December 2002. 40. “Ownership structure and size of dividends of quoted companies in Nigeria”, co-authored with P.O. Eriki. Nigerian Journal of Business Administration, vol. 4, no. 2, July 2002. 41. “A quantitative analysis of the impact of public investment on employment, poverty alleviation and economic growth in Nigeria.” Nigerian Economic and Financial Review, vol. 7, no. 1, June 2002. 42. “A theoretical analysis of the effect of environmental problems on economic development: The case of Nigeria”, co-authored with P. Adamu. Nigerian Economic and Financial Review, vol. 7, no. 1. June 2002. 43. “Review and appraisal of the 2002 Federal Government Budget performance.” Bullion, Publication of the Central Bank of Nigeria, vol. 26, no. 2, April/June 2002. 44. “Review of the 2001 Federal Budget Performance.” NCEMA Policy Analysis Series, vol. 8, no. 1, 2002. 45. “An econometric study of the main determinants of foreign investment in Nigeria.” Nigerian Economic and Financial Review, vol. 6, no. 2, December 2001. 46. “Policy simulation with a macroeconometric model of the Nigerian economy.” Nigerian Economic and Financial Review, vol. 6, no. 1, June 2001. 47. “Fiscal federalism, decentralization and macroeconomic management in Nigeria.” NCEMA Policy Analysis Series, vol. 6, no. 2, 2000. 48. “The sources of economic growth in Nigeria, 1960-1997: A growth accounting exercise.” Nigerian Economic and Financial Review, vol. 5, no. 2, December 2000. 49. “The impact of external debt reduction on economic growth in Nigeria: Some simulation results.” Nigerian Journal of Economic and Social Studies, vol. 42, no. 2, July 2000. 50. “Optimal marital fertility in developing countries”, co-authored with S.J. Iyoha. Nigerian Journal of Economic and Social Studies, vol. 41, no. 3, November 1999, 51. “Debt overhang and debt forgiveness: The case of the severely-indebted low-income countries of sub-Saharan Africa”, co-authored with S. Ibi. Ajayi. Journal of Economic Management, vol. 5, no. 1, January 1998. 52. “Predicting bank failure with a multinomial logit model: An application to Nigeria”, co-authored with R.I. Udegbunam. Journal of Economic Management, vol. 5, no. 2, June 1998. 53. "Prediction of bank failure in Nigeria using financial ratios and a logit regression model", co-authored with R.I. Udegbunam. PRAJNAN: Journal of Social and Management Sciences, vol. XXVII, no. 3, Oct - Dec 1998. 54. "An econometric analysis of the impact of trade on economic growth in ECOWAS countries." Nigerian Economic and Financial Review, vol. 3, December 1998.  55. "External debt and economic growth in sub-Saharan African countries: Some simulation results." Nigerian Journal of Economic and Management Studies, vol. 2, no. 1, 1997. 56. "Policy Simulations with a model of External Debt and Economic Growth in sub-Saharan African Countries." Nigerian Economic and Financial Review, vol. 2, no. 2, 1997. 57. "Macroeconomic policy management of Nigeria's external sector in the post-SAP period." Nigerian Journal of Economic and Social Studies, vol. 38, no. 1, March 1996. 58. "Forecasting the pre-harvest output of selected food crops in Nigeria", co-authored with S.O. Iyare and C.C. Molokwu. Indian Journal of Economics, vol. LXXVI, no. 302, January 1996. 59. "Survival strategies for a business firm in a highly inflationary economy." Nigerian Economic and Financial Review, vol. 1, no. 1, 1995. 60. "Open market operations and the efficacy of monetary policy in Nigeria: A preliminary assessment." NCEMA Policy Analysis Series, vol. 1, no. 1, 1995. 61. "Public sector role in Nigerian development." Nigerian Journal of Administrative Science, vol. 3, no. 2, 1992. 62. "An econometric analysis of the traditional multi-crop farming system in Anambra State of Nigeria", co-authored with C.C. Molokwu and W.J. Oyaide. Benin Journal of Social Sciences, vol. 4, no. 1, 1989. 63. "The Nigerian economy in the 1990's." Management in Nigeria, vol. 25, no. 6, 1989. 64. "Nigeria's balance of payments: Strategies and policies for the short and medium term (1990's).” Benin Journal of Social Sciences, vol. 3, nos. 1 & 2, 1988. 65. "Optimal growth in the open less developed economy." JORSON: Journal of Operational Research Society of Nigeria, May, 1987. 66. "Capital intensive technology, employment and growth in less developed countries." Nigerian Journal of Economic and Social Studies, March, 1982. 67. "Rural-urban migration in less developed countries: Private versus social optimum." Ife Social Science Review, March, 1979. 68. "The relation between employment and growth in developing countries: An econometric analysis." Social and Economic Studies, March, 1978. 69. "Inflation and 'openness' in less developed economies: A cross-country analysis – reply." Economic Development and Cultural Change, October, 1977. 70. "Economic growth in the customs union: A theoretical analysis." Nigerian Journal of Economic and Social Studies, July, 1977. 71. "Economic growth in the customs union: A theoretical analysis – reply." Nigerian Journal of Economic and Social Studies, July, 1977. 72. "The demand for money in Nigeria." Social and Economic Studies, December, 1976. 73. "Demand for international reserves in less developed countries: A distributed lag specification." Review of Economics and Statistics, August, 1976. 74. "Optimal sharing of adjustment responsibility by trading countries." Nigerian Journal of Quantitative Economics, September, 1975. 75. "A theory of rural-urban migration in developing countries." Nigerian Journal of Economic and Social Studies, July, 1975. 76. "The inflationary effect of a government deficit in a developing economy." Social and Economic Studies, March, 1975. 77. "The optimum rate of development in the dual economy." Nigerian Journal of Quantitative Economics, March, 1975. 78. "Inflation and ‘openness’ in less developed economies: A cross-country analysis." Economic Development and Cultural Change, October, 1973. 79. "The optimal balance-of-payments strategy of a less developed country." Economic Record, June, 1973. 80. "Optimal saving in a labour-surplus economy." Southern Economic Journal, July, 1972. 81. "Optimal balance-of-payments strategy by stochastic dynamic programming." Western Economic Journal, December 1971. 82. "Capital durability and the golden rule of capital accumulation." Southern Economic Journal, July, 1971. 83. "An econometric analysis of the main determinants of Nigeria money supply, 1950-1965." Nigerian Journal of Economic and Social Studies, November, 1969. 84. “The optimal balance-of-payments strategy for a growing less developed country." Nigerian Journal of Quantitative Economics, forthcoming. (d) OTHER JOURNAL ARTICLES 85. “Nigeria’s trade policy regimes.” The Contemporary Economist, vol. 1, no. 2, May 2005. 86. “Globalization and Trade Policy in Nigeria: Challenges and Opportunities.” Business and Career, vol.1, no. 8, 2001. 87. “Institutional framework for aid programming and management.” Business and Career, vol. 1, no. 6, 2000. 88. "Principles, process and techniques of aid management." The Ecodigest, vol. 9, no. 1, September, 1999. 89. "Foreign exchange management and external debt problem." The Ecodigest, vol. 8, no. 1, 1998. 90. "System and process of effective resource control and effective utilization." The New Accountant, vol. 11, no. 1, 1998. 91. "Reform of public enterprises under Nigeria's Structural Adjustment Programme." The Ecodigest, vol. 7, no. 1, 1997. 92. "Entrepreneurial development strategies productivity and corporate survival in Nigeria." The Ecodigest, vol. 6, no. 1, 1996. 93. "The prospects for growth in the Economic Community of West African States (ECOWAS)." The Manager, 1978. 94. "The collapse of the Bretton Woods System." Ulecons, 1976. 95. "Agricultural productivity and economic growth in Nigeria, 1950-1964." World Agricultural Economics and Rural Sociology Abstract, October, 1973. 96. “The optimum rate of rural-urban migration in a developing country." World Agricultural Economics and Rural Sociology Abstract, April, 1973. 97. "The current Nigerian inflation: Causes and cure." Nigerian X-Ray, January, 1972. (e) PROCEEDINGS ARTICLES 98. “The environmental effects of oil industry activities on the Nigerian economy: A theoretical analysis”. In The Petroleum Industry, the Economy and the Niger Delta Environment, edited by C.O. Orubu, D.O. Ogisi and R.N. Okoh. Proceedings of a National Conference on the Nigerian Petroleum Industry and the Niger Delta Environment. 2002. 99. “Re-invigorating investment for sustainable growth and development.” In Evaluating Investment Performance for Re-invigorating Growth and Development in Nigeria. Proceedings of the Eighth Annual Conference of the Zonal Research Units of the Central Bank of Nigeria. Abuja. 1999. 100. "Rekindling investment for economic development in Nigeria: The macroeconomic issues." In Rekindling Investment for Economic Development in Nigeria, edited by B.E. Aigbokhan. Selected papers for the 1998 Annual Conference of the Nigerian Economic Society. Ibadan: University of Ibadan Press. 1998. 101. "Traditional and contemporary theories of external trade." In External Trade and Economic Development in Nigeria, edited by A.H. Ekpo. Selected Papers for the 1995 Annual Conference of the Nigerian Economic Society. Ibadan: NES, 1995. 102. "Africa's debt problems", co-authored with S.I. Iyare. In African Debt Burden and Economic Development, edited by F.E. Onah. Selected Papers for the 1994 Annual Conference of the Nigerian Economic Society. Ibadan: NES, 1994. 103. “International inflation, the oil crisis and the new international economic order: Notes and comments", edited by S.I. Ajayi and M.O. Kayode. In Oil and the New International Economic Order. Proceedings of the 1976 Annual Conference of the Nigerian Economic Society. Ibadan: NES, 1980. 104. "Comments on Professor Hunponu-Wusu's paper: Environmental health issues in Nigeria." In Urbanization and Nigerian Economic Development, edited by M.A. Iyoha and M.O. Kayode. Proceedings of the 1977 Annual Conference of the Nigerian Economic Society. Ibadan: NES, 1979. (f) MONOGRAPHS 105. “Enhancing Africa’s trade: From marginalization to an export-led approach to development.” African Development Bank Economic Research Working Paper Series No. 77, August 2005 106. “When will Africa’s sleeping giant awake?” Inaugural Lecture, University of Benin, May 19, 2005. 107. “Farm subsidies, unfair trade practices and the prospects of poverty reduction in Africa: Options for the continent.” African Capacity Building Foundation Working Paper No. 4, March 2005 108. "External debt and economic growth in sub-Saharan African countries: An econometric study." Research Paper 90, AERC Research Paper Series. Nairobi, Kenya: African Economic Research Consortium, March 1999. 109. "An econometric study of debt overhang, debt reduction, investment and economic growth in Nigeria." NCEMA Monograph No. 8. Ibadan: NCEMA, 1997. 110. "The determinants of fertility in less developed countries: A simultaneous equation model." HRRU Research Bulletin No. 82/02. University of Lagos, March 1982. 111. “Human fertility, population change, and economic development." HRRU Research Bulletin, No.82/01. University of Lagos, January 1982. (g) TECHNICAL REPORTS 112. “The design of a common monetary policy for the West African Monetary Zone.” Background paper for the West African Monetary Institute. Accra Ghana, 2001. 113. “Consequences of globalization on Africa’s agricultural production.” Processed.2001. 114. “Review of EU aid and strategies for Africa’s development”. Processed. 2001. 115. “The impact of public sector investment on growth, employment and poverty reduction in Nigeria.” Processed. 2001. 116. "Macroeconomic policies for full employment in Nigeria." Background Report for ILO. 1996. 117. "Macroeconomic policies and employment prospects in Africa." Background Report for ILO. 1996. 118. "Deregulation policy in Nigeria: Theoretical and empirical issues." Processed. 1996. 119. “Potential for additional revenue and taxable capacity at the federal government level”, co-authored with D.E Oriakhi. Background Report for NCEMA. 1995. 120. “The impact of the Structural Adjustment Programme (SAP) on agriculture in Nigeria.” Final Report. University of Benin Research Grant, 1994.