PROFESSOR SAMUEL OLADAPO OLOFIN

Professor Samuel Oladapo Olofin
Fields of Specialization

Macroeconomics; Development  Economics;  Econometrics; International Economics

Academic Qualification

B.Sc , M.Sc , PhD , Graduate Research Fellowship

Selected Publications

Olofin, S., (1976), Relative Factor Endowment Proxies as determinants of the volume of International Trade, The Nigerian Journal of Quantitative Economics, Vol. 2. No.2, 59-76.

– Olofin, S., (1977), ECOWAS and the Lome Convention: An Experiment in Complementary or conflicting customs Union, Journal of Common Market Studies, Vol. xvi, 53 -72.

– Olofin, S., (1977), Economic growth in the Customs Union, A Comment, The Nigerian Journal of Economics and Social Studies, Vol. 19 No. 2. 95 – 101.

– Olofin, S., (1978), AN Analytical Critique of the New International Monetary System, Pakistan Economic and Social Review, Vol. 16 (3 – 4), 127 – 145.

– Olofin, S., (1978), Ultra-import-biased taste in Nigeria’s External Trade relations, in A. B. Akinyemi, (ed.), Nigeria and the World, OxfordUniversity Press Ibadan,  Chapter 3. pp. 32 – 44.


– Olofin S., (1979), In search of a New World order, The Nigerian Journal of International Affairs, Vol. 6 No. 1 & 2, 16 – 26.

– Olofin, S., (1980), The Economic Theory of Subsistence Economies with zero Growth, The Journal of Development Studies, Vol. iv 1 -18.

– Olofin, S., (1980), Seeking Alternatives to National Import Substitution Strategy, The Quarterly Journal of Administration vol. xiv, No. 4, 407 – 420.

– Olayide, S., Olofin, S., Iyaniwura, J., & Adeniyi, J., (1981), UIFP Models of the Nigerian Economy: Some Initial Results., Ibadan, University Press, Ibadan.

– Olayide, S., Olofin, S., Iyaniwura, J., & Adeniyi, J.,(1981), An Input-Output Model of the Nigerian Economy, Ibadan, University Press, Ibadan.

– Olofin S., (1981), received theory Constraints on Macroeconomic Policy Research and Applications in Nigeria, in A. O. Sanda, (ed.), Social policy in Nigeria, NISER, Ibadan. pp. 269 – 283.

– Olayide, S., Olofin, S., Iyaniwura, J., (1982) An Appraisal of Large Scale Econometric Modelling of dual Economies: Nigeria as a case study. Submitted to  the Rockefeller Foundation. 8

– Olofin, S., (1982), External Preferential Trade Links and the Economic Community of West Africa, in E.C. Edozien & E. Osagie (eds.) Economic Integration of West Africa, Ibadan University Press, Ibadan. pp 119 – 133.

– Olofin, S., (1982), An Economic Theory of Modernised Subsistence Economies with zero growth, The Journal of Development Studies, vol. v. 1 – 15.

– Olofin S., & Ekeoku, N.I., (1982), An Econometric Simulation of Oil Policy in the Nigerian Economy, Ife Social Science Review, Vol. 5 Nos. 1 & 2, 1 – 23.

– Olofin, S., & Iyaniwura, J., (1983), From Oil Shortage to Oil Glut: Simulation of Growth Prospects in the Nigerian Economy, Journal of Policy Modelling, vol. 5, No. 3, 363 -378.

– Olofin, S., & Iyaniwura, J. (1983) Analysis of Inter-sectoral Linkages in the Nigerian Economy, The Nigerian Journal of Economics and Social Studies, Vol.25, No. 2, 233 – 250.

– Iyaniwura, J., Olofin, S., Adeniyi, J., (1983), Analysis of Import Factor shares in Nigeria’s Industrial Output, The Nigerian Journal of Economic and Social Studies, vol.25, No. 3, 361 – 377.

– Olofin, S., (1983), Input-Output Econometric Modelling in Developing Economies: Some Methodological Issues, in, Smyshlyaev, (ed.), Proceedings of the Fourth IISA Task Force Meeting on Input-Output Modelling, Laxenburg, Austria, pp. 31 – 41.

– Olofin, S., (1983), Depletable Resource-led Growth in Dual Economies, in I. Osayimwese, (ed.), Development Economics and Planning, Unibadan Publishing  Consultants, University of Ibadan, Ibadan., pp. 149 – 158.

– Olofin, S., Iyaniwura, J., Poloamina, D., & Ekeoku, N. (1983), Specification and Estimation of the CEAR-NMP MAC III Model of the Nigerian Economy. Submitted to the Federal Ministry of National Planning. 

– Olofin S., Ekeoku N., (1984), The Revised CEAR – FMNP MAC III Model of the Nigerian Economy, Submitted to the Federal Ministry of National Planning.

– Olofin, S., (1984), Short Term Economic Outlook for the Nigerian Economy. Submitted to the Federal Ministry of National Planning.

– Olofin, S., (1984), A Preliminary Feasibility study of the Data Bank needs of an operational Macro Model of the Nigerian Economy. Submitted to the Federal Ministry of National Planning. 

– Olofin S., (1984), Should the Naira be devalued, A Macroeconometric Simulation 9 Study, Submitted to the Federal Ministry of National Planning.

– Olofin S., (1984), Analysis of the likely Impact of the Recent Increase in Nigeria’s Oil Quota Granted by OPEC. Submitted to the Federal Ministry of National Planning.

– Olofin, S., (1984), Nigeria’s Revised Budget for 1984, Bulletin of International Bureau of Fiscal Documentation, December 1984, 548 – 551.

– Olofin, S., (1985), short Term Economic Outlook and Forecasts of key Economic Indicators1985- 1987. Submitted to Federal Ministry of National Planning.

– Osagie, E., Olofin, S.,Phillips Dotun, (1985), Foreign Finance for Nigeria’s Economic Development: 1985 – 1995, Submitted to the National Institute for Policy and strategic studies Kuru.

– Olofin, S., (1985), Balance of Payments Adjustment Programme in a NonConventional Setting: A case Study of Nigeria. Submitted to the World Bank  WashingtonD.C.

– Olofin, S., (1985), Improving Public Sector Management in Developing African Economies. Submitted to the United Nations, DIESA/DRPA.

– Olofin, S., (1985), Economic Outlook for Africa. Submitted to the United Nations DISESA / DRPA.

– Olofin, S., Forecasting and Projection Models and Techniques, The 1985 Annual Conference of the Nigerian Economic Society, University of Lagos.

– Olofin, S., Iyaniwura, J., Adeniyi, J., & Olayide, S., (1985), An Operational Econometric Model of the Nigerian Economy, Empirical Economics, vol. 10 No.,4, 231 – 262.

– Olofin, S. (1985), Modelling Nigeria’s Economic Development, Ibadan University Press, Ibadan.

– Olofin, S., (1985), Ephemeral Growth and the Balance of Payments, The Nigerian Journal of Political Economy, vol. 3 No. 2.

– Olofin, S., Akinkugbe, O., & Ibi Ajayi, (1986) Some Theoretical and Empirical Issues in Connection with Devaluation of the Naira, The Nigerian Journal of Economic and Social Studies, vol. 28, No. 2.

– Olofin, S., (1986), Adapting Econometric Models to Policy Needs in Developing Economies, Paper presented at the World Conference of the Applied Econometric Association, Istanbul TechnicalUniversity, Istanbul Turkey, CRWPS.8601 CEAR.10

– Olofin S., (1987), Trade Concentration and Instability in Export Earnings, Research for Development Vol. 4, No. 1 & 2.

– Olofin s. & Ajayi G.K.,(1988), The Impacts of Infra-structural Deficiencies on Nigerian Industrial Sector, A supply side Analysis, CRWPS.8801, CEAR, University of Ibadan,Ibadan.

– Olofin, S., & Ajayi G. K., (1988), The Current State of Infra-structural Services Deficiencies in Nigerian Manufacturing; CRWPS.8802 CEAR, University of  Ibadan, Ibadan.

– Olofin, S., (1988), A Multi Sectoral Consistency Planning Model for Economic Policy Dialogue, CRWPS.8803, CEAR University of Ibadan, Ibadan.

– Olofin, S., An Introduction to Macroeconomic Theory, An Intermediate Undergraduate Text, Wiley publishers (in Press).

– Olofin, S., Macroeconomic Models of the Nigerian Economy and Projections of Macro-Aggregates, in Adeniyi E.(ed.) Strategies for the Fifth National Development Plan: 1986-1990 N.I.S.E.R., Ibadan.

– Olofin, S., Methods of Ensuring Internal Consistency of Plans in, Ohiorhenuan, J. ed.) Implementing the Nigerian Fourth Plan. Olofin, S., & Ekeoku, N., Model Revisions in Developing Economies, The case of the CEAR MAC III, Model of the Nigerian Economy, Journal of Issues in Development.

– Olofin, S., (1989), Economic Obstacles to African Development, in Salvatore, D. ed.), African Development Prospects, A Policy Modelling Approach; Taylor & Francis, New York.

– Olofin, S., (1989), The Nigerian Economy in Perspective; in F. Desmond McCarthy (ed.), Developing Economies in Transition, World Bank Washington D.C.

– Olofin S., (1989), The Asian NICs Growth Model As an Alternative Development Strategy in Africa: .hat Prospects; Paper presented at Project LINK Conference, INSEE Paris, September. CRWPS.8901, CEAR, University of Ibadan, Ibadan. 

– Olofin, S.,(1990), Policy Modelling in Developing Countries; in O Adeyemo & E.C. Ndekwu (eds.), Readings in Public Expenditure Programming in Nigeria, NCEMA, Ibadan.11

– Olofin, S.,(1990) Prospects for an Outward looking Industrialization Strategy under Adjustment in Sub-Sahara Africa, Paper presented at the World Bank African Economic Issues Conference, Nairobi Kenya, CRWPS.9004, CEAR, University of Ibadan.  

– Olofin, S. et. al. (1991) Analysis of Key Public Sector Utilities in Nigeria, as sources of Infra-structural Services in the Manufacturing Sector, CRWPS.9101, CEAR, University of Ibadan, Ibadan. 

– Olofin, S; Raheem M; Ogunkola O.; (1992), An Econometric Forecasting Model of the Nigerian Economy Technical Report PP92-005, CEAR, University of Ibadan, Ibadan.

– Olofin, S.; Ogunkola, O; (1993), Macroeconometric Model for Nigeria’s Perspective Planning, Estimation and Solution, Technical Report PP93-06, CEAR, University of Ibadan. 

– Olofin, S. et. al (1993), A Multi-sectoral Consistency Planning Model, Technical Report PP93-08, CEAR, University of Ibadan, Ibadan.

– Olofin S.; Garba, A., (1993), Macroeconometric Models as a framework for Planning, an Evaluation. Technical Paper 93-07, CEAR, University of Ibadan, Ibadan.

– Olofin S.; Adenikinju, A., (1993), Linking Macro Planning Models, Technical Report PP93-10, CEAR, University of Ibadan, Ibadan.

– Olofin, S., Iwayemi, A., (1993), Laying a Solid Foundation Toward Self Reliant Development, Technical Report PP93-02, CEAR, University of Ibadan, Ibadan.

– Olofin, S., Iyaniwura, J., (1994), Social Accounting Matrix as a Planning Tool, Technical Report PP94-01, CEAR, University of Ibadan, Ibadan.

– Olofin, S., (1995), Economic Development in Sub-Saharan Africa, Paper presented at Project LINK Conference, University of Pretoria, South Africa, Sept. 25-29, 1995.

– Olofin, S., (1996), Are We Destined for Economic Backwardness in Perpetuity, A Neo-Malthusian Theory of Underdevelopment, Ibadan University Press, Ibadan.

– Olofin, S., (1998), Preliminary thoughts on:Trade and competitiveness of African Economies in the 21st Century”, Paper presented at the Fall Meeting of World  Project LINK, Intituto de Pesquisa Economia Applicado (IPEA) Rio de Janeiro, Brazil, August 14-18. Olofin, S. (1999), “Macroeconomic Framework for Growth and Equity in Africa”, 12 Paper presented at the Global Forum on the Future Competitiveness of African Economies, Dakar, Senegal, March 3-5.

– Olofin, S.,(1999), Regional Economic Integration Effort in West Africa ECOWAS, Paper Presentes at the Regional Economic Integration Round Table, Organised by USAID Ghana and USAID Regional Strategy Team, April 15-16, 1999, Accra, Ghana. 

– Adenikinju A, S. O. Olofin, (2000) Economic Policy and Manufacturing Sector Growth Performance in Africa, Nigerian Journal of Economics and Social Studies, vol42, No1. 

– Olofin, S., (2002), An Introduction to Macroeconomics, Malthhouse Press Ltd. Lagos, Oxford. 

– Olofin, S., (2002), Some Recent Developments in Econometrics, Conference Proceedings, Nigerian Economic Society Annual Conference, Lagos, August. 

– Olofin, S., (2002), Trade and Competitiveness of African Economies in the 21st. Century, African Development Review (forthcoming).

– Olofin, S., A. Adenikinju, A, Iwayemi, (2002), A computable general equilibrium Analysis of Nigeria’s Trade Competitiveness. (Monograph) African Futures  AbidjanCote D’ Ivoire.

– Olofin, S., (2002), Quantitative Analysis and Models in the Operationalisation of AFNLTPS Programme in Sub-Saharan African Countries, Paper presented at the
UNDP/AFRICAN FUTURES Workshop on Quantitative Techniques and Models for Long Term Perspective Studies, held in Abidjan, Cote D’Ivoire, July 15 –16 2002. 

– Olofin, S., R. Oyaromade, A. Adenikinju, (2002), Re-Tooling the CEAR Econometric Model of the Nigerian Economy, Paper presented at the 4th. Workshop of the UN/African Modeling Network for Policy Analysis Project, held at the University of Pretoria, June 24-July 2.

– Adenikinju F. O. & S. O. Olofin, (2003), A general equilibrium analysis of investment impact in the Nigerian LNG industry, Paper presented at the Annual Conference of the African Econometrics Society, University of Stallenbosch University, Stallenbosch, South Africa, 1-4 July.

– Nwokoma N. I & S. O. Olofin, (2003), “An empirical evaluation of globalisation and the Nigerian Stock Market”, Paper presented at the Annual Conference of the
African Econometrics Society, University of Stallenbosch University, Stallenbosch, South Africa, 1-4 July. 13

– Olubosoye, S., S. O.Olofin & Dipo Busari, (2003,) “On the Robustness of Some Specification Error Tests”, Paper presented at the Annual Conference of the African Econometrics Society, University of Stallenbosch University, Stallenbosch, South Africa, 1-4 July.

– Olofin S.O., & Dipo Busari, (2004), “On the stability of the Money Demand Function in Nigeria”, Paper presented at the Annual Conference of the African Econometric Society, University of Cape Town, South Africa, June 30 – July 02.

– Olofin S. O. & A. Folawewo, (2004), “The Determinants of labour demand in Nigeria’s urban informal sector”, Paper to be presented at the EGDI-WIDER conference, Helsinki, Finland, 17-18 Sept.

– Olofin S. O., (2004), “ Re-Orienting Nigeria’s Industrialization Strategy”, Presidential Address, Nigerian Economic Society Annual Conference held at the Nicon Hilton, Abuja, August 26-28. 

– Olofin S. O., (2004), “Macroeconomic Fundamentals and Needs Implementation”, Paper presented at the National Conference on NEEDS, held at the University of Lagos, 23-24 September.

– Olofin S. O. & Saka J. O., (2004) “Economic Forecast and outlook for Nigeria” Paper presented at the Project LINK meeting, held at the United Nations, New York, Nov. 22-24.

– Olofin S. O. (2005), Need for Reforms in the Management of Economic Reforms, Presidential Address Delivered at the Annual Conference of the Nigerian Economic Society, held at the Lagos Airport Hotel, Ikeja, August 23-25.

– Olofin S. O. & Saka J.O, (2005), Determinants of African Trade, Nigerian Journal of Economic and Social Studies, (forthcoming).

– Olofin S. O. & A. O. Folawewo (2005), Modeling the informal Sector in African Economies, Paper presented at the Annual Conference of the African Econometric Society [AES], held in Nairobi, Kenya, July 6-8.

– Olofin S. O. , M.G. Plummer, &A. Sanogo, (2005),Trade Policy Development and Negotiations in the Doha Round: Documentation of Major Issues and Proposals on Africa’s Position, paper was presented at the Second Annual meeting of the ACBF-TAPNETS, held in Harare April14-15. 

– Bennett Obi and Sam Olofin(2005), An Economic Analysis of the Impact of the Petroleum Industry in the Niger Delta: A Regional Input-Output Framework. African Journal of Economic Policy, vol. 12 No.2.14

– Olofin S. O., (2006) The Hong Kong Ministerial and the Developing Countries, Paper Presented at the ACBF-TAPNETS meeting held In Dar es Salam, Tanzania, 6-7 April.

– Olofin S. O. I. K. Obiora and U.J. Afangideh, (2006), Exploring the Inflation Uncertainty Nexus in the West African Monetary Zone: A GARCH Modelling Approach. Journal of Economic and Monetary Integration vol. 6. No. 1

– Olofin S. O. (2006) CapacityBuilding for Regional Economic Communities: Emerging Experiences. Paper presented at the NEPAD Workshop on Developing a Capacity Building Strategy for Africa, held at Indaba Hotel Fourways, S. Africa, Nov 21-23.

– Olofin S. O., (2007) Southern Perspectives on Reform of the International Development Architecture: Case Study of Nigeria. Paper presented at the Wilton Park Conference on Perspectives of Reform of the International Development Architecture held at Wilton ParkEngland, May 19-22.

– Olofin S.O. and Salisu A.A., (2007) Aid Policy and Growth: Evidence From SubSaharan Africa. Paper presented at the Fourth African Finance Journal Conference, held at the University of Botswana, 11- 12 July.

– Olofin S. O., (2007), Data Requirements and Availability for MDGs and Consistent Macro Framework for NEEDS-2. Paper presented at the Policy Dialogue on MDGs-Based Planning Framework and National Development Goals, held in Abuja, Sep. 20-21. 

– Olofin S. O., (2007), Conditionality and its effects on Development Finance Ownership: The case of Nigeria. Paper presented at the OECD Global Forum on  Development – Informal Experts Workshop, held in Paris France, Sep. 27-28. 

– Olofin S. O., (2007), Recent Reforms and Growth Performance of African Economies – A Ranking of strong and weak Performers. Paper presented at the Annual Meeting of the ACBF- African Policy Institute Forum, held in Abuja, Nov 8-9. 

– Olofin S. O. and A.A. Aminu, (2007), A Computable General Equilibrium Analysis of Value Added Tax Policy in Nigeria. Paper presented at the Technical Workshop on Generic Macroeconomic Framework for Nigeria, held in Abuja, Nov. 12 – 16. 

– Olofin S. O. and A. A. Aminu (2007), Institutionalizing Policy Coordination Framework for Medium Term Planning. Paper presented at the Technical Workshop on Generic Macroeconomic Framework for Nigeria, held in Abuja, Nov 12-16.15

– Olofin S. O. and A. A Aminu (2007),Econometric Model for Policy Analysis. Paper presented at the Technical Workshop on Generic Macroeconomic Framework for Nigeria, held in Abuja, Nov. 12 – 16.

– Olofin S.O. (2008) Modeling Requirements of proposed Inflation Targeting in Nigeria; CEAR WP. 2008-1, CEAR, University of Ibadan, Ibadan, Nigeria.

– Olofin S. O. and Udoma J. Afangideh, (2008) Financial Structure and Economic Growth in Nigeria: A Maroeconometric Approach. Paper presented at the 2008
Annual Conference of The African Econometric Society, 9-11 July, University of Pretoria, Pretoria South Africa.

– Salisu, A.A., Sam O. Olofin and Eugene Kouassi (2009). Testing For Heteroscedasticity and Serial Correlation in a Two-Way Error Component Model. Being a paper presented at the 14th annual conference of the African Econometric Society (AES), Abuja, Nigeria, June 8 – 11, 2009. 

– Olofin, S.O., Kouassi, E. and Salisu, A.A. (2010). Testing For Heteroscedasticity and Spatial Correlation in a Two-Way Error Component Model. Being a paper  presented at the 15th annual conference of the African Econometric Society AES), Cairo, Egypt, July 6 – 11, 2010. 

– Olofin, S.O. and Salisu, A.A. (2011). Testing For Spatial Correlation in a TwoWay Error Component Model. Being a paper presented at the 52nd annual conference of the Nigerian Economic Society, Nigeria, September 13 – 15, 2011. Olofin, S.O., Salisu, A.A. and Ademuyiwa, I. and Owuru, J. (2012). The Trade in the WAEMU in a Spatial Framework. Being a paper presented at the 17th Annual Conference of the African Econometric Society, July 25 – 28, 2012, Kampala, Uganda.

– Olofin, S.O., Salisu, A.A. and Ademuyiwa, I. and Owuru, J. (2012). Determinants of a successful regional trade agreement in West Africa. Being a paper presented
at the Third Annual Conference for Regional Integration in Africa (ACRIA 3), July 4-6, 2012, Ouagadougou, Burkina Faso. 

– Olofin, S.O., Olubusoye, E.O., and Salisu, A.A. (2012). The Place of Data and Models in the Transformation of the Nigerian Economy. The Nigerian Journal of  Economic and Social Studies, 53(3).

– Olofin, S.O. and Salisu, A.A (2012). Testing For Spatial Correlation in a TwoWay Error Component Model. The Nigerian Journal of Economic and Social Studies, 54(1)