scholarly journals Capital Flight and Economic Development: Evidence from Nigeria

2020 ◽  
Vol 6 ◽  
pp. 1
Author(s):  
Samson O Akinwale ◽  
Keyword(s):  
Economic Development ◽  
Adult Literacy ◽  
Unit Root ◽  
Positive Impact ◽  
Capital Flight ◽  
Literacy Rate ◽  
Distributed Lag ◽  
Augmented Dickey Fuller ◽  
Auto Regressive ◽  
The Relationship

This study examined the nexus between capital flight and economic development in Nigeria. The null hypothesis was that capital flight has no significant relationship with economic development in Nigeria. The study used the auto regressive distributed lag (ARDL) method on data obtained from the Central Bank of Nigeria and the World Bank, for the period 1986–2018, to examine the relationship between capital flight and economic development in Nigeria. The study examined the unit root problem and cointegrating properties of the data. The unit root problem was tested for by using the augmented Dickey–Fuller (ADF) and Phillips–Perron (PP) tests. Findings from ARDL showed an inverse relationship exists between capital flight, real exchange rate, and economic development. This implies that the variables contributed significantly to reduce economic development within the study period. However, a positive relationship existed between economic development and adult literacy rate in Nigeria. By implication, improvements made in providing quality and affordable education tend to have a positive impact on economic development in Nigeria. The study concluded that economic development is strongly influenced by capital flight, real exchange, and adult literacy rates in Nigeria. The study, therefore, recommends that government policies to curb capital flight should be introduced and monitored so as to lead to economic development in Nigeria.

scholarly journals Economic and Social Poverty Determinants in Sudan – Standard Analytical Study for the period (1980- 2019) by using Auto Regressive Distributed Lag Model (ARDL): المحددات الاقتصادية والاجتماعية للفقر في السودان– دراسة تحليلية قياسية للمدة (1980- 2019) باستخدام نموذج الانحدار الذاتي للفجوات الزمنية الموزعة (ARDL)

2021 ◽  
Vol 5 (15) ◽  
pp. 83-65
Author(s):  
Hassan Ali Osman Fatur, Fadul Algheli Elsued Musa, Ibrahim Y Hassan Ali Osman Fatur, Fadul Algheli Elsued Musa, Ibrahim Y
Keyword(s):  
Analytical Study ◽  
Positive Impact ◽  
Negative Relationship ◽  
Poverty Rate ◽  
Main Question ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Lag Model ◽  
Auto Regressive ◽  
The Relationship

The study aimed to measuring economic and social poverty determinants in Sudan, to achieve this goal a standard model for the relationship between the variables of the study was formulated and constructed during the period 1980 – 2019. The study problem lies in the main question: why poverty is increasing in Sudan although, many programs and tools for reducing poverty have been made by the State? The study assumed some hypotheses, the most important one is existence of inverse relationship having a positive impact statistically between unemployment and poverty in Sudan. The study has concluded that a positive relationship exists between unemployment and poverty, and a negative relationship exists between economic growth and poverty in Sudan. The study concluded of that there is an impact of the independent variables on poverty by a rate of 91%. The Researchers has recommended the necessity of a deflationary monetary policy to control inflation in order to reduce poverty rate.

scholarly journals THE RELATIONSHIP BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH OF PAKISTAN

2019 ◽  
Vol 58 (1) ◽  
pp. 115-124
Author(s):  
Rummana Zaheer ◽  
Shahana Kiramat
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Secondary Data ◽  
Significant Relation ◽  
Explanatory Variables ◽  
Augmented Dickey Fuller ◽  
The Relationship

Although it is very common to argue that the foreign direct investment is beneficial for the economic development of a nation. This exploration investigates the connection amongst FDI and economic development in case of Pakistan. In this study secondary data from 1985 to 2016 is taken to examine the relationship. The investigation included GDP as explained and exports and FDI as explanatory variables. To check data either it is stationary or not the study used Augmented Dickey Fuller test in our study. After making data stationary we have used OLS method to investigate the nature of relationship between the variables. Our results show that there is direct link amongst explained and explanatory variable. The findings also show that there is significant relationship between FDI and economic growth. After analyzing the calculations we came to know that foreign direct investment is a significant element for the economic development because it has positive impact and have significant relation with growth of an economy. Since FDI is an impressive element in economic development so, government should take steps to attract the foreign investors and make policies to encourage the trade liberalization to gain more from the foreign investment.

scholarly journals An Assessment of Sustainable Economic Growth: The Role of Poverty and Education Revisited

2021 ◽  
Vol 4 (1) ◽  
pp. 215-222
Author(s):  
Hina Ali ◽  
Muhammad Zeeshan Ali ◽  
Nazia Nasir ◽  
Hira Ali
Keyword(s):  
Economic Growth ◽  
Stationary Process ◽  
Positive Impact ◽  
Empirical Relationships ◽  
Independent Variables ◽  
Distributed Lag ◽  
Augmented Dickey Fuller ◽  
Auto Regressive ◽  
Sustainable Economic Growth

This study intended to explore the linkage between education, poverty rates, and economic growth in Pakistan. Data for various variables have been collected from 1973 to 2017.  After establishing the stationary process by utilizing the Augmented Dickey-Fuller Test the research used the (ARDL) Auto-Regressive Distributed Lag methodology to estimate the empirical relationships. This study took GDP as a dependent variable whereas independent variables are literacy, health, inflation, headcount ratio, export. The result concluded that Inflation and poverty are the determinants to hinder economic growth while Health, Exports, and literacy are statically significant and have a positive impact on economic growth. It is suggested that a keen focus should put to enhance the educational and health facilities so that higher growth can be achieved. Anti-poverty policies must be made that make them more productive so this will lead to the growth process.

Railroad Integration and Uneven Development on the European Periphery, 1870–1910

2021 ◽  
Vol 45 (2) ◽  
pp. 261-289
Author(s):  
Eduard J. Alvarez-Palau ◽  
Alfonso Díez-Minguela ◽  
Jordi Martí-Henneberg
Keyword(s):  
Economic Development ◽  
Positive Impact ◽  
Data Set ◽  
Per Capita Gdp ◽  
Catching Up ◽  
Nation States ◽  
Railroad Network ◽  
Per Capita ◽  
European Periphery ◽  
The Relationship

AbstractThis study explores the relationship between railroad integration and regional development on the European periphery between 1870 and 1910, based on a regional data set including 291 spatial units. Railroad integration is proxied by railroad density, while per capita GDP is used as an indicator of economic development. The period under study is of particular relevance as it has been associated with the second wave of railroad construction in Europe and also coincides with the industrialization of most of the continent. Overall, we found that railroads had a significant and positive impact on the growth of per capita GDP across Europe. The magnitude of this relationship appears to be relatively modest, but the results obtained are robust with respect to a number of different specifications. From a geographical perspective, we found that railroads had a significantly greater influence on regions located in countries on the northern periphery of Europe than in other outlying areas. They also helped the economies of these areas to begin the process of catching up with the continent’s industrialized core. In contrast, the regions on the southern periphery showed lower levels of economic growth, with this exacerbating the preexisting divergence in economic development. The expansion of the railroad network in them was unable to homogenize the diffusion of economic development and tended to further benefit the regions that were already industrialized. In most of the cases, the capital effect was magnified, and this contributed to the consolidation of newly created nation-states.

scholarly journals Cultural and Social Diversity as an Economic Resource

2021 ◽  
Vol 65 (2) ◽  
pp. 141-155
Author(s):  
Damian S. Pyrkosz
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Positive Impact ◽  
Economic Systems ◽  
Main Body ◽  
Social Diversity ◽  
Economic Resource ◽  
Numerous Data ◽  
The Relationship

The paper seeks to identify the role of cultural and social diversity in economic development. It starts by defining the terms that are critical to the analysis, including diversity, fractionalization, polarization, social diversity, cultural diversity and economic resources, as well as providing the most significant indexes thereof. The main body of the paper interprets the notions of cultural and social diversity in terms of being a valuable economic resource. Furthermore, it collects a vast body of literature to demonstrate the relationship between the cultural/social diversity and economic development with regard to adverse or positive impact on the latter. In regard to the negative impact of diversity, the paper identifies it in the area of social communication, social capital and networks, as it effectively causes a decrease in productivity and increase in social conflict and isolation. The positive link is demonstrated with examples in the areas of innovation, creativity, usage of complementary abilities and experiences, and their role in increasing productivity. The paper refers to numerous data sources, studies and indexes illustrating how the economic systems of various countries perform in the context of the paper’s subject-matter.

scholarly journals TRADE OPENNESS AND UNEMPLOYMENT RATE IN NIGERIA

2020 ◽  
Vol 5 (2) ◽  
pp. 52-62
Author(s):  
Philip Nwosa ◽  
Sunday Keji ◽  
Samuel Adegboyo ◽  
Oluwadamilola Fasina
Keyword(s):  
Unemployment Rate ◽  
Trade Openness ◽  
Private Investment ◽  
Economic Policies ◽  
Significant Determinant ◽  
Distributed Lag ◽  
Foreign Private Investment ◽  
Auto Regressive ◽  
Employment Generation ◽  
The Relationship

This study examines the relationship between trade openness and unemployment rate in Nigeria from 1980 to 2018. The study utilized the auto-regressive distributed lag (ARDL) technique and the result of the study shows that trade openness had negative and significant impact on unemployment rate in Nigeria. The implication of this result is that trade openness provides employment opportunities, which reduces the unemployment rate in Nigeria. Thus, the study concludes that trade openness is a significant determinant of unemployment in Nigeria. The study recommends the need for conscious economic policies that would promote foreign private investment, capable of enhancing aggregate volume of investment in the country and contribute to employment generation in the Nigeria. Finally, government needs to explore new marketing areas for foreign investors which would also contribute to employment generation.

scholarly journals Does Financial Sector Development Hinders or Promotes Human Development in Nigeria? Asymmetric and Causality Analysis

2021 ◽  
Vol 07 (08) ◽  
Author(s):  
Olusola Olakunle OGUNJINMI ◽  
Keyword(s):  
Human Development ◽  
Financial Sector ◽  
Causality Analysis ◽  
Causality Test ◽  
Financial Sector Development ◽  
Distributed Lag ◽  
Domestic Credit ◽  
Auto Regressive ◽  
The Relationship ◽  
Reserve Ratio

This study examines the relationship between financial sector development and human development in Nigeria for the period of 1986 to 2018 using Non-linear Auto Regressive Distributed Lag (NARDL) and Toda Yamamoto Granger non-causality approaches. Empirical findings that emanated from the study reveal the existence of nonlinear relationship between financial sector development indices and human development in Nigeria. Further, feedback from the Toda Yamamoto Granger non-causality test shows that money supply constitutes the only variable exerting bidirectional nexus with human development. Conversely, bank deposit appeared to have a unidirectional relationship with human development whereas other indicators like domestic credit to GDP and bank penetration have no causal relationship with human development within the period of study. Prominent policy implication derivable from the empirical analyses suggests the need for the monetary policy authority to place more emphasis on quantity-based monetary tools such as liquidity ratio and reserve ratio for managing the economy.

scholarly journals Price Levels and Poverty Nexus: A Case Study of Pakistan

2020 ◽  
Vol 5 (4) ◽  
Author(s):  
Muhammad Aleem Arshad ◽  
Muhammad Ramzan Sheikh ◽  
Muhammad Hanif Akhtar ◽  
Muhammad Imran Mushtaq
Keyword(s):  
Empirical Study ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Price Levels ◽  
Lag Model ◽  
Auto Regressive ◽  
The Relationship

The study has examined the relationship between price levels and poverty over the period of 1982-2015 in Pakistan by employing Auto Regressive Distributed Lag Model (ARDL). It is the pioneer empirical study on the topic in Pakistan. The study has revealed mixed findings between the price levels and poverty both at aggregated and disaggregated levels. The study has also suggested policies to reduce poverty according to the various price levels investigated in the assorted models.

scholarly journals An Empirical Evaluation of Budget Implementation on Economic Development in Nigeria

2021 ◽  
Vol 2 (3) ◽  
pp. 102-116
Author(s):  
Okafor M. C ◽  
Raphael S Etim ◽  
Udeme Okon Efanga
Keyword(s):  
Economic Development ◽  
Empirical Evaluation ◽  
Validity And Reliability ◽  
Capital Budget ◽  
Distributed Lag ◽  
Annual Budget ◽  
Theoretical Investigations ◽  
Auto Regressive ◽  
The Government ◽  
Budget Evaluation

One of the primary goals of this study was to explore how a budget review approach may affect Nigeria's economic development. The reasoning was that the Nigerian economy was being challenged by a variety of imbalances in budget creation and implementation. The study strategy was based on events that occurred after the study was completed, and the data used in the study came from the Central Bank Statistical Bulletin and the Federal Ministry of Finance. A model was constructed based on both empirical and theoretical investigations in order to achieve this broad goal. The HDI, which was utilized as a measure of development, was the dependent variable in the model. The government's capital budget, recurrent budget, and the speed of annual budget implementation were the other independent variables in the model. They examined data using the Auto Regressive Distributed Lag (ARDL) Model, diagnostic tests such as the test of normality, auto correlation test, and heteroskedasticity test, which proved the validity and reliability of the model they chose; inferential results reveal that the use of budget evaluation had a positive and significant impact on the Nigerian economy. According to the study's suggestions, Nigeria's government should try to increase capital and recurrent expenditures in its annual budget, both of which have a significant impact on economic development. Finally, the government should work to build budget monitoring and review infrastructure that will aid in the effective implementation of large budget expenditures while also ensuring compliance with legal procedures.

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.

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