scholarly journals Impacts of literacy rate and human development indices on agricultural production in South Africa

2013 ◽  
Vol 59 (No. 11) ◽  
pp. 531-536
Author(s):  
S. Leshoro ◽  
T.L.A. Leshoro
Keyword(s):  
South Africa ◽  
Human Development ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Labour Force ◽  
Small Scale ◽  
Literacy Rate ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

Agriculture is an important sector in South Africa, and the impact that education and human development would have made in this sector via non-white small scale farming was limited through biased policies of the apartheid era. Due to apartheid laws, South Africa found itself with high levels of unskilled labour force. This study seeks to find the impacts of literacy rate and human development indices on agricultural production using Auto Regressive Distributed Lag (ARDL) Bounds Test approach to co-integration. A long run relationship among the variables, agricultural production (agriculture GDP), literacy rate and human development indices were found. Literacy rate has a positively significant effect on agricultural production in the long run while Human Development Index has a positive and significant impact in the short run. This indicates that the apartheid regime fell short in recognizing the positive effect of education in the agricultural sector by denying a descent education to the majority of non-whites which were farm labourers or small scale farmers. This study provides some policy recommendations.  

scholarly journals Zakat and SDGs: Impact Zakat on Human Development in the Five States of Malaysia

2017 ◽  
Vol 2 (1) ◽  
pp. 61-69 ◽  
Author(s):  
Eko Suprayitno ◽  
Mohamed Aslam ◽  
Azhar Harun
Keyword(s):  
Economic Growth ◽  
Human Development ◽  
Development Program ◽  
Granger Causality Test ◽  
Development Education ◽  
Causality Test ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
The Impact

Zakat is intended to stimulate economic development, education, social, human resources empowerment, religion health, and insurance programs. The seven programs above are implemented by the Malaysian government to improve economic growth. The aim of the study is to examine the impact zakat on human development program in Malaysia using the Autoregressive Distributed Lag (ARDL) bound testing approach. The analysis was carried out for the period from 1980–2009. The finding of the research reveals that zakat has a positive and significant influence on human development in five state in the short and long run. Zakat in Malaysia can be used as tool of fiscal policy that is decided in the states of Malaysia to stimulate human development and economic growth in the long run. Keyword: Zakat, Human Development, Granger causality test

scholarly journals An empirical nexus between poverty and unemployment on economic growth

2021 ◽  
Vol 9 (1) ◽  
pp. 85-94
Author(s):  
KEJI Sunday Anderu
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Poverty Rate ◽  
Least Square ◽  
Small Scale ◽  
Distributed Lag ◽  
Long Run ◽  
Lm Test ◽  
Short Run ◽  
The Government

The study examines the empirical nexus between poverty and unemployment on economic growth in Nigeria between 1980 and 2016. Auto-Regressive Distributed Lag (ARDL), Bound cointegration testing, and Error Correction Methods (ECM) were used to investigate the link between unemployment, poverty rate, and economic growth in Nigeria. Post estimation tests such as the Jarque-Bera test, Breusch-Pagan, ARCH test, and Ramsey reset test were also adopted in order to validate the research finding. The diagnostic tests further disclosed that the estimated model follows the Ordinary Least Square technique assumptions to attain efficiency and consistency of the model employed. The Jarque-Bera test suggests that residuals for both models are normally distributed, and the Breusch-Godfrey Serial Correlation (LM) test indicates that the hypothesis of no autocorrelation cannot be rejected. Interestingly, the ARDL and ECM results show that unemployment and poverty significantly impact economic growth both in the short and long run. Hence, the study recommended that the Nigeria government should ensure that adequate measures are put in place: Such as investment in education, agricultural sector reform, expansionary fiscal policy, intervention in micro-lending for small scale businesses by the government should be implemented to reduce the level of unemployment and poverty rate both in the short run and long run.

scholarly journals Features of agricultural producers economic behavior in Ukraine

2020 ◽  
Vol 22 (95) ◽  
pp. 27-31
Author(s):  
T. T. Nebozhenko
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Economic Behavior ◽  
Scale Model ◽  
Small Scale ◽  
Agricultural Producers ◽  
Resource Potential ◽  
Antitrust Legislation ◽  
Legal Forms ◽  
The Impact

The economic behavior of business structures in agriculture directly depends on the organization of their cooperation in the economic activity process. The aim of the article is to study the features of modern economic behavior of agricultural producers in Ukraine. To do this, the author identified the distribution factors of organizational and legal forms of agricultural production by economic behavior type, as well as organizational and legal features of individual models of economic behavior of agricultural production in Ukraine. Materials of thematic scientific publications, as well as empirical methods (observation and comparison) and theoretical methods (analysis and synthesis, modeling) were used to highlight the features of the object of study. The influence of the oligarchic model of the national economy of Ukraine on the structural transformation of agricultural production entities in the form of subordination of the interests of the state to the interests of individual social groups and the low effectiveness of antitrust legislation is investigated. The author found that in Ukraine the dual structure of agricultural entities was formed, in which two models of their economic behavior were simultaneously developing. The corporate model is represented by large commodity production of agricultural products based on utilization of the resource potential of the reorganized collective agricultural enterprises. Individual small-scale model is presented in agricultural production using the resource potential of private households and farms. The author found out that the organizational and legal forms of agricultural business entities will be determined by their participation in the contract system, the feasibility of cooperation or their integration. Prospects for further research in this area are a comparative analysis of the role of behavioral economy in the economic growth of organizational forms of agricultural producers in Ukraine, as well as assessing the impact of innovative technologies on the evolution of management approaches in the agricultural sector.

Exploring the long-run relationship between financial inclusion and agricultural growth: evidence from Pakistan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Usman Farooq ◽  
Fu Gang ◽  
Zhenzhong Guan ◽  
Abdul Rauf ◽  
Abbas Ali Chandio ◽  
...  
Keyword(s):  
Negative Impact ◽  
Financial Inclusion ◽  
Small Scale ◽  
Content Type ◽  
Agricultural Growth ◽  
Distributed Lag ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
The Impact

PurposeThis study aims to investigate the long-run relationship between financial inclusion and agricultural growth in Pakistan for the period of 1960–2018.Design/methodology/approachThe autoregressive distributed lag (ARDL) approach, the Johansen co-integration test and the dynamic ordinary least squared (DOLS) method are used for the evaluation.FindingsThe results show that in both short- and long run, domestic credit has a significantly negative impact on the agricultural growth, while broad money and cropped area positively affected the agricultural growth in Pakistan in both cases.Practical implicationsThe government and policymakers need to develop strategies that bring together agriculturalists on a single platform so that the government can clearly distinguish the interests of these farmers and can obtain precise information for allocating agricultural expenditure and easing access to credit for small-scale agriculturalists.Originality/valueThis is the first study to evaluate the impact of financial inclusion on the agricultural growth in Pakistan by using different econometric techniques, including the ARDL-bound approach, Johansen co-integration test and DOLS method.

scholarly journals Foreign aid and economic growth in South Africa: An empirical analysis using bounds testing

2013 ◽  
Vol 6 (1) ◽  
pp. 55-66
Author(s):  
Temitope Leshoro
Keyword(s):  
South Africa ◽  
Foreign Aid ◽  
Labour Force ◽  
Poverty Line ◽  
Developed Countries ◽  
Small Samples ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Long Run ◽  
The Relationship

South Africa is classified as one of the wealthiest countries in Africa, yet half of its population lives below the poverty line and over a quarter of its labour force is unemployed. Foreign aid was one of the major sources of capital for the country. It poured in from many developed countries and it was very successful in promoting a stable society, especially during the first few years after apartheid ended in 1994. Thus, South Africa is a good case study for determining the relationship between and the effect of foreign aid on growth. The data on aid flow as a percentage of gross domestic product (GDP) in South Africa was only available from 1980, thus limiting the data from 1980 to 2009. Given the limitations in the data, a co-integration analysis of the autoregressive distributed lag (ARDL) was adopted, using the method of the conditional unrestricted error correction model (UECM), which accommodates small samples. The result shows that the relationship between aid and growth is negative both in the short and the long run.

Finance-institution-growth trilogy: time-series insights from South Africa

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Clement Olalekan Olaniyi ◽  
Adebayo Adedokun
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Positive Impact ◽  
Institutional Quality ◽  
Empirical Examination ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
The Impact

PurposeThis study examines the moderating effect of institutional quality on the finance-growth nexus in South Africa from 1986 to 2015.Design/methodology/approachThis study adopts unit root tests, cointegration test and autoregressive distributed lag (ARDL) model.FindingsThe findings reveal that institutional quality constitutes a drain to the growth benefits of financial development (FD) in South Africa in the short-run while FD and institutional quality converge to enhance growth process of the country in the long-run. Also, the threshold of institutional quality beyond which institution stimulates strong positive impact of finance on growth is estimated to be 6.42 on a 10-point scale.Practical implicationsThis study, therefore, suggests that institutional quality matters in the way FD influences economic growth in South Africa. Hence, stakeholders are encouraged to trace and block lapses and loopholes in the institutional framework guiding financial system in South Africa so as to maximize growth benefits of FD.Originality/valueThis study contributes to the extant studies by introducing a country-specific analysis into the empirical examination of how institutional quality influences the impact of FD on economic growth. Also, this study deviates from other studies by determining the threshold of institutional quality beyond which FD stimulates strong positive effect on economic growth in South Africa

The Productivity of Agricultural Research and Extension Expenditures in the Southeast

1975 ◽  
Vol 7 (2) ◽  
pp. 117-122 ◽  
Author(s):  
Larry L. Bauer ◽  
Curtis R. Hancock
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Agricultural Research ◽  
New Technology ◽  
Food Prices ◽  
Production Functions ◽  
Allocation Of Resources ◽  
Distributed Lag ◽  
Proxy Measure ◽  
The Impact

With current high food prices and increasing talk about a world food crisis, there is renewed interest in production agriculture and in the allocation of resources to agriculture. It would seem, therefore, that estimates of agricultural production functions and their associated marginal products would be useful to those responsible for resource allocation to the agricultural sector. This paper intended to give policymakers information on which to base decisions relative to the impact of investments in agricultural research and extension activities. The level of appropriations to such activities can be considered a proxy measure of technology. Most researchers familiar with this area feel that the total effect of new technology on production does not occur at one momemt in time, but may be spread over a number or years. Considering this, a distributed lag on research and extension expenditures was incorporated into the production function estimated in this paper.

Particular Forms of Management of Agro – Industrial Complex in the Sustainable Development of Agriculture

2018 ◽  
Vol 9 (3) ◽  
pp. 639
Author(s):  
Baglan AIMURZINA ◽  
Mazken KAMENOVA ◽  
Ainura OMAROVA ◽  
Galina PESTUNOVA ◽  
Ainur KARIPOVA ◽  
...  
Keyword(s):  
Agricultural Production ◽  
Crop Production ◽  
Agricultural Sector ◽  
Agricultural Products ◽  
Farm Income ◽  
Small Scale ◽  
Industrial Complex ◽  
Scale Production ◽  
Investment Activity ◽  
The Impact

In this paper it is noted that the important problem of the existing economic relations in the agrarian sphere is the choice of forms of management. The practice of reforms in agriculture has shown that more than 80% of gross output in Kazakhstan is currently produced by "households" and peasant (farmer) farms which provides further increase in the production of agricultural products namely crop production and increase its economic efficiency. Currently the agricultural sector has a tendency to small-scale production. As the situation has shown one of the main factors negatively influencing investment activity is financial instability of the majority of agricultural producers, low level of its profitability and significant risks.  Factors of low profit growth of the agricultural sector are related to the peculiarities of demand for agricultural products and seasonality of production in this industry. The analysis of the structure of gross agricultural production of the Republic of Kazakhstan by categories of farms, the returnability of agricultural production for 2012-2016 shows the impact of the price and yield of grain on the level of farm income. Proposals for further improvement of grain pricing are given.

scholarly journals Assessing the effect of climate change and financial development on agricultural production in ASEAN-4: The role of renewable energy, institutional quality and human capital as moderators

2021 ◽  
Author(s):  
Abbas Ali Chandio ◽  
Muhammad Ibrahim Shah ◽  
Narayan Sethi ◽  
Zulqarnain Mushtaq
Keyword(s):  
Climate Change ◽  
Human Capital ◽  
Renewable Energy ◽  
Financial Development ◽  
Agricultural Production ◽  
Energy Use ◽  
Agricultural Sector ◽  
Institutional Quality ◽  
Distributed Lag ◽  
Long Run

Abstract This study utilizes the data of ASEAN-4 nations, namely Indonesia, Malaysia, Philippines, and Thailand, to examine how climate change, renewable energy, human capital, institutional quality as well as financial development affect the agricultural production. Since shocks in one country can easily affect another country of this region, the second generation modelling techniques are utilized to prove the relationship among the variables of interest. Findings from the Westerlund (2007) cointegration test confirms long run relationship among the variables. The result from Cross-sectionally augmented autoregressive distributed lag (CS-ARDL) model reveals that climate change negatively affects the agricultural production, renewable energy, human capital, institutional quality positively affects the agricultural production. Moreover, renewable energy use, human capital and intuitional quality moderates the effect of carbon emission on agricultural production. In addition, a U shaped relationship between financial development and agricultural production is discovered, suggesting that financial development can promote production in the agricultural sector only after reaching a certain threshold. Finally, some policy recommendations are provided for the ASEAN-4 countries.

scholarly journals Economic Uncertainty and the Demand for Broad Money in South Africa

2020 ◽  
Vol 10 (2) ◽  
pp. 123
Author(s):  
Wen-Hsien Tan ◽  
Chin-Hong Puah ◽  
Shirly Siew-Ling Wong ◽  
Mei-Teing Chong
Keyword(s):  
South Africa ◽  
Money Demand ◽  
Empirical Finding ◽  
Real Income ◽  
Policy Framework ◽  
Economic Uncertainty ◽  
Economic Agents ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

This paper scrutinised the impact of economic uncertainty on the broad money demand in South Africa using quarterly data from 2001 to 2018. Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model is employed to capture the volatilities of selected components in order to construct an economic uncertainty index (EUI) for South Africa. The constructed index is then used as a regressor along with real income, interest rate and exchange rate in determining South African demand for broad money. The empirical finding using the Autoregressive Distributed Lag approach notably shows that the EUI is negatively affecting South Africa’s demand for broad money in the long term. This reveals that economic agents tend to hold real or safer assets than riskier assets, thus reduce broad money demand during times of heightened economy in South Africa. The model is cointegrated in the long-run and stable with the inclusion of EUI in the broad money demand function for South Africa. The findings are able to assist policy makers in using suitable determinants as stabilisation tools and targeting a more effective monetary policy framework refined by appropriate monetary aggregates in South Africa.

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