An Empirical Analysis of the Impact of Non-oil Exports on the Economic Development of Nigeria

2020 ◽  
Vol 16 (5) ◽  
pp. 39-60
Author(s):  
Stephen Ekeke ◽  
Utai Uprasen
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Oil Exports ◽  
The Impact

scholarly journals An Attempt to Assess the Quantitative Impact of Institutions on Economic Growth and Economic Development

2014 ◽  
Vol 38 (1) ◽  
pp. 7-30
Author(s):  
Mariusz Próchniak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Economic Freedom ◽  
Institutional Environment ◽  
Positive Impact ◽  
Policy Implications ◽  
Regression Equations ◽  
Solow Model ◽  
The Impact

Abstract This study aims at assessing to what extent institutional environment is responsible for worldwide differences in economic growth and economic development. To answer this question, we use an innovative approach based on a new concept of the institutions-augmented Solow model which is then estimated empirically using regression equations. The analysis covers 180 countries during the 1993-2012 period. The empirical analysis confirms a large positive impact of the quality of institutional environment on the level of economic development. The positive link has been evidenced for all five institutional indicators: two indices of economic freedom (Heritage Foundation and Fraser Institute), the governance indicator (World Bank), the democracy index (Freedom House), and the EBRD transition indicator for post-socialist countries. Differences in physical capital, human capital, and institutional environment explain about 70-75% of the worldwide differences in economic development. The institutions-augmented Solow model, however, performs slightly poorer in explaining differences in the rates of economic growth: only one institutional variable (index of economic freedom) has a statistically significant impact on economic growth. In terms of originality, this paper extends the theoretical analysis of the Solow model by including institutions, on the one hand, and shows a comprehensive empirical analysis of the impact of various institutional indicators on both the level of development and the pace of economic growth, on the other. The results bring important policy implications.

The Impact of Electrification on Economic Development: An Empirical Analysis of Bangladesh

2016 ◽  
Vol 7 (2) ◽  
pp. 15-31
Author(s):  
Sakib Amin ◽  
Quazi Annoor ◽  
Lamia Khandker ◽  
Hiroto Nakagawa
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
The Impact

The Influence of the New Relationship between Political and Business on the Hi-Q Development of the Electronic Cigarette Industry in the Eastern Coastal Areas

2021 ◽  
Vol 7 (5) ◽  
pp. 867-878
Author(s):  
Zhang Lingwei ◽  
Wang Yan
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Coastal Areas ◽  
Electronic Cigarette ◽  
Quality Development ◽  
Real Economy ◽  
Business Relationship ◽  
High Quality ◽  
Cigarette Industry ◽  
The Impact

The relation between political and business is a major social relationship nowadays, it is also an significant factor affecting the regional economic development. In 2016, the state leader has also proposed to build a new type of “close” and “cleaning” political and business relationship. Under the new normal, China’s economic development has changed from emphasis on increment to quality. In the Hi-Q development, real economy is the cornerstone of the overall economic. In recent years, as an emerging real economy, electronic cigarette industry has fast-paced in China. The upstream and downstream industrial chains are mainly concentrated in China’s eastern coastal areas, what follows is the rapid spreading of electronic cigarette stores. Thus, it is essential to probe the impact of the new political business relationship on the Hi-Q development of the electronic cigarette industry, exploring ways to improve the new political business relationship, to the extent that realize the Hi-Q development of it. This study uses the empirical analysis on the influence of the new political business relationship on the high-quality development of the electronic cigarette industry. In empirical analysis, the first process is to set up the index system of Hi-Q development level of the electronic cigarette industry combined with the new development concept, according to the data of the eastern coastal areas from 2011 to 2017, then use the entropy method to assess the Hi-Q development index of the electronic cigarette industry of eastern coastal provinces, and finally use the fixed effect panel model, select the government intervention as the core explanatory variable, select the corruption index and legal environment as the important explanatory variables and human capital as the controlled variables to implement empirical analysis on the influence of new political business relationship on the high-quality development of the electronic cigarette industry. The upshot demonstrate that new political business relationship can facilitate the Hi-Q development of the electronic cigarette industry effectively. As a result, the new political business relationship can effectively facilitate the high-quality development of the electronic cigarette industry.

scholarly journals The Impact of Export and Foreign Direct Investments on Macedonian GDP Growth - Empirical Analysis

2017 ◽  
Vol 13 (25) ◽  
pp. 276
Author(s):  
Jeton Shaqiri
Keyword(s):  
Economic Development ◽  
Empirical Analysis ◽  
Gdp Growth ◽  
Foreign Direct Investments ◽  
Trade Regime ◽  
Private Sector Development ◽  
Liberal Trade ◽  
The Impact ◽  
The Empirical Analysis

In this paper in chronological order is analyzed the Macedonia's economic development in general, considering that the country has a liberal trade regime which is characterized by simplicity and neutrality. R. of Macedonia should utilize this trade regime in direction of creating policies and conditions for promoting the private sector development and its possibilities for export that will contribute for greater macroeconomic development. The paper will have a detailed look to the overall economic development and the GDP growth, the components and the main factors influencing this growth, techniques and approaches of assessment of the economic system and its development. It will also analyze the role of exports and the foreign direct investments in Macedonian GDP growth. Numerous theoretical researches related to the role of exports and FDI in GDP growth, have shown a positive relationship between them. The data used in this paper were provided by the Statistical Office of Macedonia and the Macedonian Customs in different periods, while for the empirical analysis I have included the period from 2014-2015. Within the empirical analysis is applied a model of multiple linear regression, where is defined the dependent variable "GDP growth" as well as the independent variables: the growth of FDI and the growth of export.

scholarly journals An Empirical Analysis of the Contribution of Mining Sector to Economic Development in Nigeria

2016 ◽  
Vol 19 (1) ◽  
pp. 88-106
Author(s):  
David, Oladipo Olalekan ◽  
Noah, Oluwashina Afees ◽  
Agbalajobi, Sunday Ayodele
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Crude Oil ◽  
Empirical Analysis ◽  
Growth And Development ◽  
Well Being ◽  
Series Data ◽  
Mining Sector ◽  
Economic Growth And Development ◽  
The Impact

Nigeria is richly endowed with vast but largely untapped natural resources including solid minerals and arable land. Mining industries have been viewed as key drivers of economic growth and development process, as lead sectors that drive economic expansion which can lead to higher levels of social and economic well being. Contributions from mining as a percentage of GDP in rich countries are usually between 2-8 percent. In Nigeria, the contribution is still low at 0.15 percent, one of the major factors responsible for this is as a result of over dependence of the Nigerian economy on the proceeds from the sale of crude oil for over four decades which is at the expense of other sectors such as mining and agriculture that contributed significantly to the Nigerian economy before the emergence of crude oil. In the light of this, the study presents an empirical analysis of the contribution of mining sector to the economic development in Nigeria from 1960 to 2012. The study employed Error Correction Model (ECM) to examine the short run and long run effect of mining sector‟s contribution to Nigeria economic development. The study harnessed time series data to evaluate the impact of the specified key sectors; crude petroleum and gas, solid mineral, manufacturing and agriculture on the economic development proxied by per capita income. Equally highlighted are the problems militating against the mining sector in Nigeria and the strategies for its transformation of the economy. The finding revealed that the value of solid mineral have strong impact on economic development in Nigeria. Thus, Nigeria needs to urgently develop her monumental mining potentials in order to diversify her economy and to achieve rapid economic growth and development.

scholarly journals The Impact of Cultivation of Medicinal Plants on the Economic Income of Rural Settlements Case study of Kalat city villages

2021 ◽  
Vol 9 (SPE2) ◽  
Author(s):  
Mansoureh Alipour Khesht ◽  
Hamid Jafari ◽  
Katayoun Alizadeh
Keyword(s):  
Economic Development ◽  
Medicinal Plants ◽  
Rural Economy ◽  
Sample Population ◽  
Economic Policies ◽  
Rural Settlements ◽  
Medicinal Species ◽  
Oil Exports ◽  
The Impact

Medicinal plants, as part of natural resources, have been one of the most important sources of human food and medicine for generations. Diversification of the rural economy is considered as a tool to accelerate economic development at various levels¸ this approach is considered as one of the most important strategies for the development and economic sustainability of rural settlements in Iran¸ because it has a great effect on promoting the welfare and security of the region's economy. According to the economic policies of the country based on the development of non-oil exports, it is necessary to pay attention to the export of agricultural products¸ therefore, by planting valuable medicinal species, it is possible to plan the texts, while developing the economy and provision the needs of domestic industries, and it also earned significant foreign exchange earnings from the export of medicinal plant products. The aim of this study was to investigate the effect of cultivation of medicinal plants on the economic development of rural settlements (case study of villages in Kalat city). The present research is applied in terms of purpose and is descriptive-analytical in terms of method. The sample population includes 7 villages of Kalat city (Abgarm, Aghdash, Qara Tikan, Garou, Qoleh Zoo, Sini and Soroud) with 1589 families, which amount to 5283 people. According to the research results, planting medicinal plants, on average, generates 523.6 more in revenue generation than planting crops.

scholarly journals Concentration of Resources and Economic Growth

REGION ◽  
2015 ◽  
Vol 2 (1) ◽  
pp. 17
Author(s):  
David Castells-Quintana
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Empirical Analysis ◽  
Policy Debate ◽  
Long Run ◽  
Modern Economic ◽  
The Impact ◽  
The Empirical Analysis

In this letter I summarise the main results and contributions from my Ph.D. thesis on concentration of resources and economic development. The empirical analysis performed in the thesis, and summarised here, focuses on two mayor world trends in modern economic development, namely increasing agglomeration and rising inequalities within countries. In particular, the impact of both trends on long-run economic growth is studied, and results are discussed in light of relevant policy debate.

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