Mathematical Model for Determining the Effect of Government Policies on Nigerians’ Standard of Living and the Achievement of Economic Comfort in Nigeria
American Journal of Applied Mathematics
Volume 1, Issue 4, October 2013, Pages: 84-91
Received: Oct. 4, 2013; Published: Nov. 20, 2013
Views 3107      Downloads 136
Authors
Ogwumu, David. O, Department of Mathematics and Statistics, Federal University Wukari, P.M.B 1020, Wukari – Taraba State, Nigeria
James Friday. E, Department of Mathematics and Statistics, Federal University Wukari, P.M.B 1020, Wukari – Taraba State, Nigeria
Article Tools
PDF
Follow on us
Abstract
The research is concerned with the development of a mathematical model for determining the Effect of Government Policies on Nigerians’ Standard of Living which when not properly handled in turn could hamper the economic comfort of the country at large. The model was validated and observations about the model’s results and the questionnaire data (before and after the introduction of government financial policies, gp) were compared. Thereafter, the results of the comparison were analyzed using suitable statistical tools. The findings from the comparisons showed that government sudden financial policies take/reduce up to approximately 10% of the citizen’s standard of living and income. Likewise, the results from our model and the questionnaire data have a higher degree of correlation which thus recommending the model as a standard measure for estimating the effect of Government Financial Policies on Nigerians’ Standard of Living.
Keywords
Constraint, Duallizing, Government Parameter, Langrage’s Multiplier, Least Squares, Saddle-Point, Optimizing
To cite this article
Ogwumu, David. O, James Friday. E, Mathematical Model for Determining the Effect of Government Policies on Nigerians’ Standard of Living and the Achievement of Economic Comfort in Nigeria, American Journal of Applied Mathematics. Vol. 1, No. 4, 2013, pp. 84-91. doi: 10.11648/j.ajam.20130104.17
References
[1]
Adeboye, K. R., Lecture notes on Introduction to Mathematical Modelling, Mathematics and Computer Science Department, Federal University of Technology, Minna, Nigeria, pp1-end, (2006).
[2]
Aganbegian, A. & Rimashevskaia, N., Application of Mathematical Models and Electronic Computers in Economic Calculations of Workers’ Wage Scales, Income and Consumption, A SpringerLink – Journal Article, 4(5) (2006), 1-6.
[3]
Dogo, J. D., The Role of Mathematics in National Building Forum Academics, A multi-Disciplinary Journal of Education, 1(1) (1998), pp.18.
[4]
Javitz, H., Grimes T., Hill D., Rapoport A., Bell R., Fecso R., Lehming R.,US Academic Scientific Publishing Working papers SRS11 /201. Arlington, VA: National Science foundation, Division of Science Resources Statistics, (2010),www.cces.fudan.edu.cn-CH1.pdf
[5]
MAC Participant Manual; Debate to Action MDGs Awareness Campaign-National Youth Service Corps, British Council & World Bank Institute Collaboration on Development Issues Manual (Development Knowledge Facilitators Course Materials for Development in My Community), Community Development Service project, Nigeria,pp.7, (2006).
[6]
Negedu, D. Mathematical Model for Human Standard of living; B.Sc Research work, submitted to Mathematics and Computer Science Department, Federal University of Technology, Minna, Niger State, Nigeria, pp1-end.(2010).
[7]
NV 20-2020 Economic Transformation Blueprint; Nigeria Vision 20: 2020 Economic Transformation Blueprint; October, 2009 Edition, pp7, (2009).
[8]
Ogwumu O.D.,Adeboye K.R., Emesowum C.E., Adeyefa E.O., Mathematical Model for Estimating the Standard of Living of Nigerians and Achieving the First Agenda of the Vision 20; 2020, International Journal of Science Technology and Education (Mathematical theory and Modelling) ISSN2225-0522, 3(8)(2013) pp. 90-96.
[9]
Raymond, C. Standard of Living Publication, (2011). www.hubpages.com / UnitedStatesPoliticalandSocial Issues.
[10]
Yemi,F., The Nigerian Poverty Profile 2011 Report: Press briefing by the Nigerian Statistician General of the Federation. (2012), from www.nigeriadailynews.com/general/29
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186