scholarly journals Modelling Sustainability Agriculture and Economic Development in Indonesia

2021 ◽  
Vol 316 ◽  
pp. 02049
Author(s):  
Agung Suwandaru ◽  
Thamer Alghamdi
Keyword(s):  
Economic Development ◽  
Sustainable Agriculture ◽  
Technical Assistance ◽  
Agricultural Policies ◽  
Distributed Lag ◽  
Negative Results ◽  
Distributed Lag Model ◽  
Long Run ◽  
Short Run ◽  
The Government

Agriculture sustainability plays an essential role in country development. This paper aims to examine whether sustainable agriculture is beneficial to economic development in Indonesia. The empirical analysis employs the autoregressive distributed lag model over the data from 1961-2016. The results show that sustainable agriculture significantly contributes to economic development in the long run for both models. The gross fixed capital and rural population as endogenous variables show the positive relationship in the long run, but technical assistance shows negative results. In the short run, all variables show mixed results in different lags. These findings conclude that agricultural policies are broadly on the right track. However, the government needs to focus more on the agricultural bureaucracy and strengthen its infrastructure.

scholarly journals The Relationship between Economic Development and Fatal Occupational Accidents: Evidence from Turkey

2017 ◽  
Vol 64 (1) ◽  
pp. 19-31 ◽  
Author(s):  
Olcay Çolak ◽  
Serap Palaz
Keyword(s):  
Economic Development ◽  
Occupational Accidents ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Lag Model ◽  
The Relationship

Abstract Occupational accidents are among the most important issues of the agenda of working life in Turkey recently. Recently the causes and consequences of occupational accidents which are related to human, occupational and environmental factors have received great attention from the researchers but it has been paid little attention to focused on economic factors. The purpose of this paper is to make a contribution to redressing this gap by examining the relationship between fatal occupational accidents and economic development over the period of 1980 to 2012 for Turkey. In this context, bounds testing approach which is also known as autoregressive distributed lag model is performed. The results indicate the existence of positive relationship between gross domestic product per capita and fatal occupational accidents in the short-run while in the long run this turns out to be in a negative way via economic growth and changes in structure of the economy.

scholarly journals The Relationship between Economic Development and Fatal Occupational Accidents: Evidence from Turkey

2017 ◽  
Vol 64 (1) ◽  
pp. 19-31
Author(s):  
Olcay Çolak ◽  
Serap Palaz
Keyword(s):  
Economic Development ◽  
Occupational Accidents ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Lag Model ◽  
The Relationship

Abstract Occupational accidents are among the most important issues of the agenda of working life in Turkey recently. Recently the causes and consequences of occupational accidents which are related to human, occupational and environmental factors have received great attention from the researchers but it has been paid little attention to focused on economic factors. The purpose of this paper is to make a contribution to redressing this gap by examining the relationship between fatal occupational accidents and economic development over the period of 1980 to 2012 for Turkey. In this context, bounds testing approach which is also known as autoregressive distributed lag model is performed. The results indicate the existence of positive relationship between gross domestic product per capita and fatal occupational accidents in the short-run while in the long run this turns out to be in a negative way via economic growth and changes in structure of the economy.

scholarly journals The Dynamics between External Public Debt and Foreign Exchange Reserve of Ethiopia Economy: 1981 to 2019

2021 ◽  
Vol 23 (11) ◽  
pp. 791-824
Author(s):  
Solomon Kebede Menza ◽  
◽  
Zerihun Getachew ◽  
Berhanu Kuma ◽  
Tora Abebe ◽  
...  
Keyword(s):  
Foreign Exchange ◽  
Public Debt ◽  
Service Sector ◽  
Tariff Rate ◽  
Foreign Exchange Reserve ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Short Run ◽  
The Government

This paper empirically examined the short-run and long-run dynamics among external public debt and foreign exchange reserve of Ethiopia. The two variables are playing a pivotal role in the growth and development of nations economy. To achieve the objective the study took 39 years data from the year 1981 to 2019 from National bank of Ethiopia and World Bank data sets. The study used descriptive analysis and empirical methods of analysis. The Autoregressive Distributed Lag model with error correction models were employed after checking the possible assumptions of our economic series. The results of ADF test statistics confirms our economic series are stationary at level and first difference forms. Bounds co-integration test suggests one co-integrating relationship between the variables taking foreign exchange reserve as the outcome variable. According to the descriptive method of analysis, on average, in Ethiopia the trend for service sector indicated that an ever improvement of the sector throughout the periods and supplementing the notion of change from agriculture base to service sector. In addition, the trade tariff rate of Ethiopian economy is indicating a downward movement and this in turn justifies the relative openness of the economy to the globe. In the same manner the financial development indicator of the nation is rising, which assures relative improvement in the financial sector. On the other hand, according to the Autoregressive Distributed Lag model in the short -run average trade tariff rate, share of manufacturing sector from the GDP, and lagged value of EPD itself predicts the external public debt significant at least at less than 10 percent level of significance. Moreover, the error correction model revealed that in the long-run, financial development indicator, debt service payment, and average trade tariff rate were predicting the stock of foreign exchange reserve for Ethiopian economy. The result also indicates that in the short-run, only the share of agriculture and service sectors are significantly predicting the variations of the stock of foreign exchange reserve, ceteris paribus. Finally, the concerned body specially the government of Ethiopia should limit or reduce the amount of external debt inflows that has an adverse effect on debt service payment, and recheck the budget sources for financing different projects especially manufacturing industries rather than highly basing on external sources in the form of external public debt . More importantly, the government should enhance the value of export potential, among others.

scholarly journals Role of Economic Development and Governance in Mitigating Insurgency: A Case Study of Tripura, India

2019 ◽  
Vol 8 (1) ◽  
pp. 51
Author(s):  
Sanjib Banik ◽  
Gurudas Das
Keyword(s):  
Economic Development ◽  
The Other ◽  
Causality Test ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Short Run ◽  
Scale Down ◽  
Lag Model ◽  
The One

The purpose of this paper is two folds: firstly, to analyze the short run and long run relationship between insurgency on the one hand and economic development and governance on the other and secondly, to determine the direction of causality between these three variables in Tripura, one of the conflict-ridden states in India during 1980-2005. With the application of auto-regressive distributed lag model (ARDL), an inverse relationship has been established which formalises the descriptive notions about the cointegration between insurgency on the one hand and economic development and governance on the other in the long run. No short run relationship was established between them. Going one step ahead, an endeavour has been made to capture both the economic development and governance as diagnostics for peace in our model. The study suggests that economic development brings down insurgency faster than that of governance. However, improvement in governance is more certain to scale down insurgency. Furthermore, the application of Granger Causality test suggests that there exists bidirectional causality between insurgency, economic development and governance taking 6 lag and onwards.

scholarly journals Mobile Money Use: The Impact of Macroeconomic Policy and Regulation

Economies ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 51
Author(s):  
Lorna Katusiime
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Financial Innovation ◽  
Macroeconomic Policy ◽  
Mobile Money ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Short Run ◽  
The Impact

This paper examines the effects of macroeconomic policy and regulatory environment on mobile money usage. Specifically, we develop an autoregressive distributed lag model to investigate the effect of key macroeconomic variables and mobile money tax on mobile money usage in Uganda. Using monthly data spanning the period March 2009 to September 2020, we find that in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate, interest rates and mobile money tax negatively affect mobile money usage in Uganda. In the long run, mobile money usage is positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances, interest rate, exchange rate, financial innovation and mobile money tax negatively affect mobile money usage.

scholarly journals Determinants of Insurance Penetration in West African Countries: A Panel Auto Regressive Distributed Lag Approach

2021 ◽  
Vol 14 (8) ◽  
pp. 350
Author(s):  
Odunayo Olarewaju ◽  
Thabiso Msomi
Keyword(s):  
Banking Sector ◽  
West African ◽  
Education Sector ◽  
African Countries ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Auto Regressive ◽  
Insurance Penetration ◽  
The Government

This study analyses the long- and short-term dynamics of the determinants of insurance penetration for the period 1999Q1 to 2019Q4 in 15 West African countries. The panel auto regressive distributed lag model was used on the quarterly data gathered. A cointegrating and short-run momentous connection was discovered between insurance penetration along with the independent variables, which were education, productivity, dependency, inflation and income. The error correction term’s significance and negative sign demonstrate that all variables are heading towards long-run equilibrium at a moderate speed of 56.4%. This further affirms that education, productivity, dependency, inflation and income determine insurance penetration in West Africa in the long run. In addition, the short-run causality revealed that all the pairs of regressors could jointly cause insurance penetration. The findings of this study recommend that the economy-wide policies by the government and the regulators of insurance markets in these economies should be informed by these significant factors. The restructuring of the education sector to ensure finance-related modules cut across every faculty in the higher education sector is also recommended. Furthermore, Bancassurance is also recommended to boost the easy penetration of the insurance sector using the relationship with the banking sector as a pathway.

scholarly journals The impact of education tax and investment in human capital on economic growth in Nigeria

2020 ◽  
Vol 3 (2) ◽  
pp. 77-86
Author(s):  
Abubakar Aminu ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Tertiary Education ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Lag Model ◽  
The Government ◽  
Capital Development ◽  
The Impact

This paper investigated the impact of education tax and investment in human capital on economic growth in Nigeria utilizing the Non-Linear Autoregressive Distributed Lag Model of cointegration covering the period of 25 years from 1995 to 2019. The findings reveal that education tax and investment in human capital have positive and significant effect on the growth of the Nigerian economy over the sampled period. The paper recommends that in order to boost the economy, Nigeria would need to, among other policy frameworks, provide a suitable environment for ensuring macro-economic stability through effective utilization of income from education tax that will encourage increased investment in human capital in the public sector. In addition to income from education tax, for effective and speedy economic growth and development in Nigeria, the government, beneficiaries (students/parents), employers of labor and other stakeholders in the society should share the responsibility for financing primary, secondary and tertiary education, so as to provide a solid foundation for human capital development. However, as revealed in this paper, the contribution of education tax and investment in human capital is most likely to be realized over a long-run period than in the short term. Keywords: Education Tax; Investment; Human capital; Economic growth

scholarly journals The Determinants of Food Prices in Pakistan

2012 ◽  
Vol 17 (1) ◽  
pp. 101-128 ◽  
Author(s):  
Henna Ahsan ◽  
Zainab Iftikhar ◽  
M. Ali Kemal
Keyword(s):  
Active Role ◽  
Food Prices ◽  
Significant Variable ◽  
Demand And Supply ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Lag Model

Controlling prices is one of the biggest tasks that macroeconomic policymakers face. The objective of this study is to analyze the demand- and supply-side factors that affect food prices in Pakistan. We analyze their long-run relationship using an autoregressive distributed lag model for the period 1970–2010. Our results indicate that that the most significant variable affecting food prices in both the long and short run is money supply. We also find that subsidies can help reduce food prices in the long run but that their impact is very small. Increases in world food prices pressurize the domestic market in the absence of imports, which cause domestic food prices to rise. If, however, we import food crops at higher international prices, this can generate imported inflation. The error correction is statistically significant and shows that market forces play an active role in restoring the long-run equilibrium.

scholarly journals Bounds Testing Approach to Cointegration: A Re-examination of FDI and Growth in Vietnam

2013 ◽  
Vol 218 ◽  
pp. 94-113
Author(s):  
ANH PHẠM THẾ ◽  
ĐÀO NGUYỄN THỊ HỒNG
Keyword(s):  
Economic Growth ◽  
Small Sample Size ◽  
Small Sample ◽  
Adjustment Process ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Short Run ◽  
Lag Model

This study examines the econometric and empirical evidence of both causal and long-run relationship between foreign direct investment (FDI) and economic growth in Vietnam, covering a time span of 21 years from 1991 to 2012. The recent and robust methodology of bounds testing or autoregressive distributed lag model (ARDL) approach to Cointegration is employed for the empirical analysis. This technique can capture both short-run and long-run dynamics of variables, particularly in small sample size cases. The findings indicate the existence of a Cointegration relationship between the two time series and a modest adjustment process from short-run to long-run equilibrium. Further results from Granger causality tests conducted within the error correction model confirm a bi-directional causality between economic growth and FDI over the study period.

Does transportation infrastructure impact economic growth in India?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sreenu Nenavath
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Positive Impact ◽  
Transport Infrastructure ◽  
Causality Test ◽  
Content Type ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Determinants Of Economic Growth

Purpose This paper aims to show a long run and causal association between economic growth and transport infrastructure. Design/methodology/approach In this study, the authors use ARDL models through the period 1990 – 2020 to investigate the relationship between transport infrastructure and economic growth in India. Findings The infrastructure has a positive impact on economic growth in India for the long run. Moreover, Granger causality test demonstrates a unidirectional relationship between transport infrastructure to economic development. Stimulatingly, the paper highlights the effect of air infrastructure statistically insignificant on economic growth in the long and short-run period. Originality/value The original outcome from the study delivers an inclusive depiction of determinants of economic growth from transport infrastructure in India, and these findings will help the policymakers to frame policies to improve the transport infrastructure. Hence, it is proposed that the government of Indian should focus more to upsurge the transport infrastructure for higher economic development.

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