scholarly journals Does Climate Change Have Real Negative Impact on Economic Growth in Poor Countries? Evidence from Cote d’Ivoire (Ivory Coast)

2018 ◽  
Vol 4 (2) ◽  
pp. 204
Author(s):  
Felix Fofana N’Zué ◽  
Keyword(s):  
Climate Change ◽  
Economic Performance ◽  
Negative Impact ◽  
Value Added ◽  
Poor Countries ◽  
Distributed Lag ◽  
Long Run ◽  
Per Capita ◽  
Growth Change ◽  
The Impact

The objective of this paper is to determine the impact of climate change on Cote d’Ivoire’s economic performance via per capita gross domestic product (GDP) growth, change in agricultural value added, and change in the country’s cereal yield. The data ranged from 1960 to 2016. An autoregressive distributed lag (ARDL) model is used to investigate the long run dynamics between climate variables (precipitation and temperature) and the country’s per capita GDP, agricultural value added as % of GDP, and cereal yield. We found that climate change has not significantly impacted the economic performance of the country. However, precipitation has been found to have positively and significantly influenced the country’s cereal yield and agricultural value added contribution to GDP at large, and thus there is no need to worry more than it is necessary.

scholarly journals A Long Run ARDL Investigation of Manufacturing Adjustment to the Services Economy in Nigeria

2021 ◽  
Vol 9 (3) ◽  
pp. 95-107
Author(s):  
Olumuyiwa Olamade
Keyword(s):  
Capital Accumulation ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
Business Services ◽  
Development Indicators ◽  
Services Sector ◽  
Positive Effects ◽  
Distributed Lag ◽  
Long Run

The long-run equilibrating relationship between the value-added growth of services and manufacturing is investigated in this research. The study is based on the well-established empirical link between manufacturing and service activities, and in particular, manufacturing's servicification. The selected variables' annualized time series were obtained from the World Development Indicators. The paper used the autoregressive distributed lag framework to regress manufacturing value-added growth against service value-added growth while accounting for economic growth, factor input growth, and trade effects. The findings revealed that in Nigeria, a strong performing services sector has a large negative impact on manufacturing performance, whereas capital accumulation and income growth have positive effects. The supply constraint of business services that the manufacturing sector requires is at the root of this finding. The paper advocates for policy frameworks that support the efficient supply of business services as both a manufacturing input and a productivity enhancer for the entire economy.

The distributional impact of climate change on rich and poor countries

2006 ◽  
Vol 11 (2) ◽  
pp. 159-178 ◽  
Author(s):  
ROBERT MENDELSOHN ◽  
ARIEL DINAR ◽  
LARRY WILLIAMS
Keyword(s):  
Climate Change ◽  
Economic Sectors ◽  
Poor Countries ◽  
Impact Of Climate Change ◽  
Market Impacts ◽  
Low Latitudes ◽  
Per Capita ◽  
Distributional Impact ◽  
The Impact ◽  
Very High

This paper examines the impact of climate change on rich and poor countries across the world. We measure two indices of the relative impact of climate across countries, impact per capita, and impact per GDP. These measures sum market impacts across the climate-sensitive economic sectors of each country. Both indices reveal that climate change will have serious distributional impact across countries, grouped by income per capita. We predict that poor countries will suffer the bulk of the damages from climate change. Although adaptation, wealth, and technology may influence distributional consequences across countries, we argue that the primary reason that poor countries are so vulnerable is their location. Countries in the low latitudes start with very high temperatures. Further warming pushes these countries ever further away from optimal temperatures for climate-sensitive economic sectors.

The impact of Iran Central Bank’s sanction on Tehran Stock Exchange

2017 ◽  
Vol 59 (3) ◽  
pp. 365-375 ◽  
Author(s):  
Mahdi Salehi ◽  
Mostafa Karimzadeh ◽  
Navid Paydarmanesh
Keyword(s):  
Central Bank ◽  
Stock Price ◽  
Negative Impact ◽  
Stock Exchange ◽  
Oil Prices ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact ◽  
Positive Effect

Purpose US sanctions have been a major feature of US Iran policy since Iran’s 1979 Islamic revolution, but the imposition of UN and worldwide bilateral sanctions on Iran that began in 2006 and increased dramatically as of 2010 is recent by comparison. The objectives of US sanctions have evolved over time. Broad international sanctions imposed on Iran harmed Iran’s economy and contributed to Iran’s acceptance of agreements that exchange constraints on its nuclear program for sanctions relief. The subject of this study is important because both Iran and the international communities are demanding for information about the effect of sanctions on Iran. In an international and regional perspective, it seems that sanctions have a negative impact on economic, social and even political status of Iran. Therefore, this paper aims to examine the impact of Iran Central Bank sanction on Tehran Stock Exchange as on December 31, 2011. Design/methodology/approach Variables of model are consisted by exchange rate, oil prices and Tehran Stock Exchange Price Index (TEPIX) from October 2, 2011 to March 29, 2012, which is offered daily. To analyze the model, the authors used Johansen–Juselius and Autoregressive Distributed Lag (ARDL) methods. Findings The results indicate that there is a long-run equilibrium relationship between selected variables as oil prices, and exchange rates have a positive effect on the TEPIX. In other words, the results of the econometric estimation show the positive effect of the Iran Central Bank sanction on the TEPIX. Thus, because of economic sanctions imposed by the Western countries, Tehran Stock Exchange has been growing. Originality/value No empirical research exists that examines the impact of sanctions on stock price in developing countries. This study fills this gap by examining the links between sanctions and stock price in Iran.

scholarly journals Diversification or specialisation? Farmers' cropping strategy and economic performance under climate change in China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mingze Wu ◽  
Yueji Zhu ◽  
Qi Yang
Keyword(s):  
Climate Change ◽  
Technical Efficiency ◽  
Economic Performance ◽  
Agricultural Production ◽  
Negative Impact ◽  
Adaptation Strategies ◽  
Content Type ◽  
Impact Of Climate Change ◽  
Changing Climate ◽  
The Impact

Purpose Farmers' adaptation strategies in agricultural production are required to minimise the negative impact of climate change on a nation's food production in developing countries. Based on the panel data of the provincial level in China from 2000 to 2017, this study aims to analyse the changing climate over recent years and farmers' adaptation strategy in terms of cropping in agricultural production. Design/methodology/approach This study uses Simpson's diversity index (SDI) to measure the degree of crop diversity planted by farmers and evaluate the influence of climate change on farmers' cropping strategy using the fixed-effect model. Further, the authors estimate the impact of farmers' cropping strategy on their economic performances in two aspects including yields and technical efficiency of crops. Findings The empirical results show that the overall climate appears a warming trend. Different from farmers in some other countries, Chinese farmers tend to adopt a more specialised cropping strategy which can significantly improve the technical efficiency and yields of crops in agriculture. In addition, as a moderating role, the specialised cropping can help farmers to alleviate the negative impact of climate change on technical efficiency of their crops. Originality/value First, previous studies showed that the changing climate influenced farmers' adaptation strategies, while most studies focussed on multiple adaptation strategies from the farm-level perspective rather than cropping strategy from the nation-level perspective. Second, the present study investigates how the cropping strategy affects the economic performance (in terms of the technical efficiency and crop yields) of agricultural production. Third, the stochastic frontier analysis method is used to estimate the technical efficiency. Fourth, this study explores the moderating effect between farmers' cropping strategy and technical efficiency by introducing an interaction item of SDI and accumulated temperature.

scholarly journals THE CO-INTEGRATING RELATIONSHIP BETWEEN FINANCIAL INCLUSION AND ECONOMIC GROWTH IN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

2021 ◽  
Vol 9 (3) ◽  
pp. 170-188
Author(s):  
Oscar Chiwira ◽  
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Negative Relationship ◽  
Financial Inclusion ◽  
Information And Communications Technology ◽  
Broadband Internet ◽  
Distributed Lag ◽  
Long Run ◽  
Financial Monitoring ◽  
The Impact

This study examines the relationship between financial inclusion and economic growth in SADC. It uses panel data covering the period between 1995 to 2015 and employs the Autoregressive Distributed Lag (ARDL) Bounds and the Toda and Yamamoto and Dolado and Lutkepohl (TYDL) models to examine the co-integrating relationship and the direction of causality respectively. The impact of financial inclusion on economic growth, when measured by the mobile penetration rate and the number of bank branches, diminishes in the long run to an extent of having a negative relationship with economic growth. This implies possible thresholds beyond which a negative impact on economic growth is realized. The long-run influence of financial inclusion on economic growth is hinged on financial technologies, measured by fixed broadband internet services, which have great potential to foster unique financial inclusion and shift the economic paradigm, leading to a digitalized economy. Only financial inclusion initiatives that result in increased bank deposit accounts promote economic growth. SADC is encouraged to liberalize its information and communications technology sector in order to fully benefit from financial inclusion initiatives. In addition, SADC should consider embracing international financial monitoring standards so that it does not fall behind the inevitable integration of the financial sectors.

scholarly journals The nexus between tourism demand and output per capita with the relative importance of trade openness and financial development

2016 ◽  
Vol 23 (1) ◽  
pp. 168-186 ◽  
Author(s):  
Muhammad Shahbaz ◽  
Ronald Ravinesh Kumar ◽  
Stanislav Ivanov ◽  
Nanthakumar Loganathan
Keyword(s):  
Financial Development ◽  
Structural Breaks ◽  
Trade Openness ◽  
Tourism Demand ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
In Series ◽  
Per Capita ◽  
The Impact

This article revisits the tourism-growth nexus in Malaysia using time series quarterly data over the period 1975–2013. The authors examine the impact of tourism using two separate indicators – tourism receipts per capita and visitor arrivals per capita. Using the augmented Solow production function and the autoregressive distributed lag bounds procedure, they also incorporate trade openness and financial development and account for structural breaks in series. The results show the evidence of cointegration between the variables. Assessing the long-run results using both indicators of tourism demand, it is noted that the elasticity coefficient of tourism is 0.13 and 0.10 when considering visitor arrivals and tourism receipts (in per capita terms), respectively. Notably, the impact of tourism demand is marginally higher with visitor arrivals. The elasticity of trade openness is 0.19, that of financial development is 0.09 and that of capital share is 0.15. In the short run, the coefficient of tourism is marginally negative, and for financial development and trade openness, it is 0.01 and 0.18, respectively. The Granger causality tests show bidirectional causation between tourism and output per capita, financial development and tourism and trade openness and tourism demand, duly indicating the feedback or mutually reinforcing impact between the variables and providing evidence that tourism is central to enhancing the key sectors and the overall income level.

scholarly journals Capital Flight and the Economic Growth: Evidence from Nigeria

2017 ◽  
Vol 8 (2) ◽  
pp. 125 ◽  
Author(s):  
Adedoyin I. Lawal ◽  
Kelechi Promise Kazi ◽  
Johnson Olabode Adeoti ◽  
Osagie Godswill Osuma ◽  
Sunday O. Akinmulegun ◽  
...  
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Capital Flight ◽  
Current Account Balance ◽  
Foreign Direct Investments ◽  
Domestic Investment ◽  
Foreign Reserve ◽  
Distributed Lag ◽  
Long Run ◽  
The Impact

This research examined the impact of capital flight and its determinants on the Nigerian economy using the Autoregressive Distributed Lag (ARDL) model to analyze data source from the period of 1981 to 2015. The variables included current account balance, capital flight, foreign direct investments, foreign reserve, inflation rate, external debt, and the real gross domestic product. It was to examine the existence of a long run relationship among the variables studied. The result indicates that capital flight has a negative impact on the economic growth of Nigeria. Therefore, there is a need for government to implement policies that will promote domestic investment and discourage capital flight from Nigeria.

scholarly journals DAMPAK BELANJA NEGARA TERHADAP TINGKAT KEGIATAN EKONOMI DI INDONESIA

Media Ekonomi ◽  
2019 ◽  
Vol 27 (1) ◽  
pp. 53
Author(s):  
Christine Tambunan ◽  
Jakaria Amin
Keyword(s):  
Economic Activity ◽  
Negative Impact ◽  
Capital Expenditure ◽  
State Budget ◽  
Distributed Lag ◽  
Long Run ◽  
Negative Effect ◽  
Using Data ◽  
The Impact ◽  
Budget Expenditure

<em>This study is to examine and to analyze the impact of State Budget Expenditure on the Level of Economic Activity in Indonesia. <em>Using the Autoregressive-Distributed Lag (ARDL) method. And using data from 2008-2017. <em>The result of this empirical study is that in the long run, state budget expenditure, consisting of Employee Expenditure, Special Allocation Fund (DAK) and General Allocation Fund (DAU,) has a significant positive effect on Level of Economic Activity. On the contrary, Capital Expenditure has a significant negative impact on growth. While Goods Expenditure shows a negative effect, though it was not statistically significant.</em></em></em>

scholarly journals The Impact of Remittances on Economic Growth of Kyrgyzstan

2017 ◽  
Author(s):  
Burulcha Sulaimanova ◽  
Daniyar Jasoolov
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Estimation Methods ◽  
Kyrgyz Republic ◽  
Empirical Estimation ◽  
Vector Autoregressive ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
The Impact

The aim of this paper is to study the impact of remittances on the gross domestic product of Kyrgyz Republic, by using several empirical estimation methods, these are: the method of simultaneous equations, the Autoregressive Distributed Lag and Vector Autoregressive models. While there is a long run relationship between remittances and economic growth of Kyrgyzstan, according to the estimation results of the simultaneous models, there is statistically significant positive correlation of households’ final consumption and imports with remittances, and simultaneously significant positive effect of consumption on GDP, and significant, but negative impact of imports to GDP. Moreover, the small but significant impact of remittances on demand for domestic products were found.

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.

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