Aggregate accounting research and development expenditures and the prediction of real gross domestic product

2021 ◽  
pp. 106901
Author(s):  
Daniel W. Collins ◽  
Nhat Q. Nguyen
Keyword(s):  
Gross Domestic Product ◽  
Research And Development ◽  
Domestic Product ◽  
Accounting Research ◽  
Real Gross Domestic Product

Financial Deepening, Financial Intermediation and Nigerian Economic Growth: Time Variant Analysis

2019 ◽  
pp. 60-73
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Private Sector ◽  
Money Supply ◽  
Domestic Product ◽  
Financial Deepening ◽  
Causality Test ◽  
Real Gross Domestic Product ◽  
Long Run

This study examines financial deepening, financial intermediation and Nigerian economic growth. The main purpose is to examine the relationship between financial deepening and Nigerian economic growth while the specific objectives are to examine the impact of interest rate, capital market development, rational savings, credit to private sector and broad money supply on the growth of Nigerian. Secondary data of the variables were sourced from the publications of Central Bank of Nigeria (CBN) from 1981-2017. Nigerian Real Gross Domestic Product (RGDP) was used as dependent variable while Broad money supply (M2), Credit to Private Sector (CPS), National Savings (NS), Capital Market Capitalization (CAMP) and Interest Rate (INTR) was used as independent variables. Multiple regressions with E-view statistical package were used as data analysis techniques. Cointegration test, Augmented Dickey Fuller Unit Root Test, Granger causality test was used to determine the relationship between the variable in the long-run and short-run. R2, F – statistics and β Coefficients were used to determine the extent to which the independent variable affects the dependent variable. It was found from the regression result that Broad Money Supply, credit to private sector have position effect on the growth of Nigerian Real Gross Domestic Product while National Savings, Capitalization and Interest Rate on Nigeria Real Gross Domestic Product. The co-integration test revealed presence of long-run relationship among the variables, the stationary test indicated stationarity of the variables at level. The Granger Causality Test found bi – variant relationship from the dependent to the independent and from the independent to the dependent variables. The regression summary found 99.0% explained variation, 560.5031, F – statistics and probability of 0.00000. From the above, the study concludes that financial deepening has significant relationships with Nigerian economic growth. We recommend that government and the financial sector operators should make policies that will further deepen the functions of the financial system to enhance Nigerian economic growth.

scholarly journals KAPSARC Oil Market Outlook

2021 ◽  
Author(s):  
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
International Monetary Fund ◽  
Domestic Product ◽  
Real Gross Domestic Product ◽  
The Third ◽  
Oil Market ◽  
Market Outlook ◽  
Oil Demand ◽  
The International Monetary Fund

Total global oil demand is expected to increase year-on-year (YoY) by 4.2 million barrels per day (MMb/d) in 2021 and further grow by 3.5 MMb/d in 2022, returning to 2019 levels by the third quarter (Q3) 2022. The International Monetary Fund (IMF) predicts economic growth of around 5.4% in 2021, compared with a decline in real gross domestic product (GDP) in 2020 of -4.4%. However, KOMO estimates a forecast more in line with the OECD’s outlook for growth (4.2%), which presumes that GDP levels will only reach 2019 levels by the end of 2021.

scholarly journals Impact of Domestic Industrial Output on Economic Growth in Nigeria

2021 ◽  
Vol 2 (1) ◽  
pp. 57-67
Author(s):  
Kazeem Fasoye ◽  
Abiodun Sunday Olayiwola ◽  
Kehinde Elizabeth Joseph
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Practical Implication ◽  
Industrial Sector ◽  
Domestic Product ◽  
Industrial Output ◽  
Domestic Production ◽  
Real Gross Domestic Product ◽  
Distributed Lag ◽  
Domestic Savings

Purpose: This paper examined the potential of domestic industrial output on economic growth in Nigeria. Approach/ Methodology/ Design: An Autoregressive Distributed Lag (ARDL) model procedure was employed for data analysis. Findings: The results revealed that the contribution of the domestic industrial output to economic growth was appalling which was necessitated by the worrisome image of “Made-in-Nigeria” goods. It was also showed that the results that domestic industrial output and domestic savings have positive relationships with real gross domestic product (RGDP) in the long run. This implies that a rise in the level of each of domestic output and domestic savings necessitated an increase in real gross domestic product (RGDP). Practical Implication: The implication presented in this study is related to the concerned authorities. The results indicate the need for diverse domestic production in order to achieve a healthy competition in the industrial sector in the country. Originality/Value: The study innovates by employing various statistical tools for exploring the effect of domestic industrial output on economic growth. The significant contribution of this study is in identifying that domestic production in Nigeria has been lagged behind in terms of output performance in the economy.

scholarly journals Relationship between Air Passenger Transport, Tourism and Real Gross Domestic Product in Africa: A Longitudinal mediation analysis

2021 ◽  
Vol 10(4) (10(4)) ◽  
pp. 1200-1214
Author(s):  
Chengete Chakamera ◽  
Noleen M Pisa
Keyword(s):  
Gross Domestic Product ◽  
Mediation Analysis ◽  
Structural Equation ◽  
Total Effect ◽  
Domestic Product ◽  
Passenger Transport ◽  
Real Gross Domestic Product ◽  
Longitudinal Mediation ◽  
The Relationship

This paper analysed the relationships between air passenger transport, tourism and real gross domestic product per capita (rGDPpc) in Africa. Mediation models were analysed using the structural equation modelling approach. This analysis determined the role of a mediator variable in the relationship between dependent and independent variables. Bi-directional positive relationships were found between air passenger transport and rGDPpc, tourism and rGDPpc, followed by air passenger transport and tourism. A certain proportion of air passenger transport’s total effect on rGDPpc was from increased tourism, and some of the rGDPpc’s total effect on air passenger transport were from increased tourism. A sizable effect of tourism on rGDPpc was derived from increased air passenger transport, and a larger portion of rGDPpc’s total effect on tourism was from increased air passenger transport. These percentages show the strength of the mediation (or indirect) paths. The findings imply that it is vital to consider harmonised or integrated policies that facilitate the linkages between air passenger transport, tourism and rGDPpc. Novel in this study, is the scrutiny of the interrelationships between air passenger transport, tourism and rGDPpc in Africa, using longitudinal mediation analysis.

scholarly journals Determinant of Sesame Export Performance in Ethiopia: A Panel Gravity Model Application

2020 ◽  
Vol 8 (3) ◽  
pp. 714
Author(s):  
Murad Mohammed Baker ◽  
Beyan Ahmed Yuya
Keyword(s):  
Gross Domestic Product ◽  
Gravity Model ◽  
Unit Root ◽  
Export Performance ◽  
Random Effect ◽  
Random Effect Model ◽  
Domestic Product ◽  
Real Gross Domestic Product ◽  
Determinant Factors ◽  
The Government

Ethiopia’s sesame export earn percentage share in the total export had been rapid declining over the last decades while it was the second commodity in currency grossing of the country. The objective of this study was to examine the determinant factors of Ethiopia’s sesame exports performance, in the aspect of export trade, by the use of a more realistic model approach, a panel gravity model. It used short panel data that cover 11 countries of consistent Ethiopia’s sesame importers for the period of 13 years from 2002 to 2014. The panel unit root test of Levin-Lin-Chu was used for each variable and applied the first difference transformation for the variables that had a unit root. The random effect model results suggested that real gross domestic product of importing countries; Ethiopian real gross domestic product, real exchange rate and weighted distance were found to be the determinant factors of Ethiopia’s sesame exports performance. The estimated results revealed that as real gross domestic product of importing countries increase by 1%, the flows of Ethiopia’s sesame exports performance increase by 1.63%. Based on the finding results, the researcher recommends that the policy maker must adopt the policies that reduce the cost of shipping through improving the infrastructure for shipments sector and contract a free trade agreement with distant countries. The government should encourage the private sector to diversify their products and improving the quality of its products to increase the competitiveness the Ethiopian products in foreign markets.

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