scholarly journals Influence De La Bancarisation Et Du Credit Bancaire Sur La Croissance Economique Dans La Zone Cemac

2016 ◽  
Vol 12 (31) ◽  
pp. 373
Author(s):  
Noula Armand Gilbert ◽  
Bkwayep Nguemnang Y. Rodrigue ◽  
Mba Fokwa Arsène
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Time Series Data ◽  
Least Squares Method ◽  
Banking System ◽  
Generalized Least Squares ◽  
Bank Credit ◽  
Series Data ◽  
Cd Rom ◽  
Explanatory Variables

The CEMAC countries have decided to develop the banking sector to ensure economic growth48 for a sustainable development, given that the banking system leads to investments. Our study aims at analyzing the influence of bank credit and banking rate on economic growth in the CEMAC zone from time series data during 1980-2014 (CD -ROM, WBI- 2014). The econometric analysis that we have chosen was inspired by the generalized least squares method. The model we preferred was that of Hague (2000) where the Gross Domestic Product is the dependent variable for assessing the level of economic growth while the bank credit and the banking rate are the main explanatory variables. The results indicate that the variables are significant thus, the banking rate affects economic growth positively. Following these results one could think about new strategies that will help increase the banking rate which is still very low in the Sub-region.

scholarly journals Political Stability and its Impact on Economic Growth of Pakistan (1988-2018): A Time Series Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. 273-282
Author(s):  
Majid Hussain Phul ◽  
Muhammad Saleem Rahpoto ◽  
Ghulam Muhammad Mangnejo
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Data ◽  
Political Stability ◽  
Series Data ◽  
Explanatory Variables ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Positive Effect

This research paper empirically investigates the outcome of Political stability on economic growth (EG) of Pakistan for the period of 1988 to 2018. Political stability (PS), gross fixed capital formation (GFCF), total labor force (TLF) and Inflation (INF) are important explanatory variables. Whereas for model selection GDPr is used as the dependent variable. To check the stationary of time series data Augmented Dickey Fuller (ADF) unit root (UR) test has been used,  and whereas to find out the long run relationship among variables, OLS method has been used. The analysis the impact of PS on EG (EG) in the short run, VAR model has been used. The outcomes show that all the variables (PS, GFCF, TLF and INF) have a significantly positive effect on the EG of Pakistan in the long run period. But the effect of PS on GDP is smaller. Further, in this research we are trying to see the short run relationship between GDP and other explanatory variables. The outcomes show that PS does not have such effect on GDP in the short run analysis. While GFCF, TLF and INF have significantly positive effect on GDP of Pakistan in the short run period.

Human Capital Impact on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 15-22
Author(s):  
Chuwuemeka Ogugua AGBO ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Series Data ◽  
Tertiary Institutions ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact

This study aims to examine the impact of human capital on economic growth in Nigeria. Despite all effort to improve education condition in Nigeria, there hasn’t been much encouraging improvement. This has caused a large number of the population to move abroad for studies. Most conducive tertiary institutions are owned by private individuals, the government owned universities have been overlooked and recklessly abandoned. In this study OLS multiple regression was adopted to analyze the time series data for the period of 1985-2018 to test if Average Year of Schooling (AVYS), Private Investment in Telecommunication (PIT), Capital Expenditure on Education (CEE), and Recurrent Expenditure on Education (REE) have an impact on growth in Nigeria or not. The data was derived from CBN statistical Bulletin (2018). Result showed that all the four explanatory variables have significant impact on Economic growth. However, it is therefore important for government to increase education budget annually.

Economic growth, Industrialization, Trade, Electricity production and Carbon dioxide emissions: Evidence from Ghana

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Kingsley Appiah ◽  
Rhoda Appah ◽  
Oware Kofi Mintah ◽  
Benjamin Yeboah
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Electricity Production ◽  
Series Data ◽  
Data Set ◽  
Development Indicators ◽  
Explanatory Variables ◽  
Distributed Lag

Abstract: The study scrutinized correlation between electricity production, trade, economic growth, industrialization and carbon dioxide emissions in Ghana. Our study disaggregated trade into export and import to spell out distinctive and individual variable contribution to emissions in Ghana. In an attempt to investigate, the study used time-series data set of World Development Indicators from 1971 to 2014. By means of Autoregressive Distributed Lag (ARDL) cointegrating technique, study established that variables are co-integrated and have long-run equilibrium relationship. Results of long-term effect of explanatory variables on carbon dioxide emissions indicated that 1% each increase of economic growth and industrialization, will cause an increase of emissions by 16.9% and 79% individually whiles each increase of 1% of electricity production, trade exports, trade imports, will cause a decrease in carbon dioxide emissions by 80.3%, 27.7% and 4.1% correspondingly. In the pursuit of carbon emissions' mitigation and achievement of Sustainable Development Goal (SDG) 13, Ghana need to increase electricity production and trade exports.   

scholarly journals BANKING SECTOR LIBERALIZATION AND ECONOMIC GROWTH: CASE STUDY OF PAKISTAN

2016 ◽  
Vol 17 (1) ◽  
pp. 125-139 ◽  
Author(s):  
Najia SAQIB
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Time Series Data ◽  
Series Data ◽  
Omitted Variables ◽  
Financial Systems ◽  
Long Run ◽  
Banking Sector Development ◽  
The Impact

Economic theory suggests that sound and efficient financial systems channel capitals to its most productive uses are beneficial for economic growth. Sound and efficient financial systems are especially important for sustaining growth in developing countries. This paper examines the impact of banking sector liberalization on long-term economic growth in Pakistan by using a time series data for the period 1971–2011. The results show that there exist a significant positive long run relationship between banking sector development and economic growth in the country. The sensitivity analysis also shows that the relationship remain positive and significant no matter what combination of the omitted variables are used in the basic model. Thus, our findings support the core idea that banking sector development stimulates long term economic growth in a country.

scholarly journals Deposit Money Banks and Economic Growth in Nigeria

2014 ◽  
Vol 5 (1) ◽  
pp. 41-50 ◽  
Author(s):  
Samson Ogege ◽  
Tarila Boloupremo
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Banking System ◽  
Least Square ◽  
Series Data ◽  
Credit Allocation ◽  
Least Square Estimator ◽  
Ordinary Least Square ◽  
Residual Series

This paper examines the effect of deposit money banks intermediation role on economic growth and development in Nigeria. The main objective of the research was to ascertain the extent to which sectorial credit allocation by deposit money banks have influenced growth in the economy. Time series data covering the period 1973-2011 for deposits money banks credits in Nigeria and per capita gross domestic product were analyzed within the framework of Engle-Granger Representation Theorem; the approach estimated a co-integrating regression using the ordinary least square estimator, and then investigated the presence of a co-integration relation by examining the stationarity of the estimated residual series. The findings indicate that credit allocation to the production sector is significantly promoting economic activity. The implication that can be drawn from this study is that to ensure that the banking system performs its role of credit allocation effectively it must channel funds into productive investment and more productive uses; deposit money banks should act as efficient financial intermediaries devoted to allocating resources to the most productive uses.

scholarly journals Banking Sector Consolidation: Possible Effects for Sectoral Credit Allocation and Economic Growth in Nigeria

2017 ◽  
Vol 3 (01) ◽  
Author(s):  
Alwell Nteegah
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Oil And Gas ◽  
Time Series Data ◽  
Manufacturing Sector ◽  
Percent Level ◽  
Job Creation ◽  
Series Data ◽  
Credit Allocation ◽  
Banking Credit

This study investigated possible effects of banking sector consolidation- credit allocation to selected sectors on the growth of Nigerian economy. utilizing time series data on growth rate of GDP, banking sector credit distribution to the agriculture, manufacturing, oil and gas/mining, commercial (export financing) sectors and bank size (number of Deposit money bank branches) for the period 1981 - 2015 and employing Vector Error Correction Model (VECM), the results indicate that only banking sector credit allocation to the manufacturing sector is positive and significant at 5 percent level. Banking credit to agriculture, oil & gas/mining, commercial and bank size were all insignificant at 5 percent level. This result revealed that funds allocated to the manufacturing sector spurred economic growth in Nigeria during the duration of this investigation. Other finding of study shows that the manufacturing sector has higher propensity for increasing investment, job creation and value addition hence attracts funds from the banks than other sectors. Based on these findings, the paper suggested creation of enabling environment and enactments of policies that will enhance higher credit allocation to manufacturing sector in particular and the real sector in general in order to spur investment, job creation and stimulate economic growth in Nigeria.

scholarly journals Financial Development and Economic Growth: Evidence from Nepal

2020 ◽  
Vol 32 (1) ◽  
pp. 15-36
Author(s):  
Ramesh C. Paudel ◽  
Chakra Pani Acharya
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Financial Development ◽  
Direct Investment ◽  
Banking Sector ◽  
Time Series Data ◽  
Series Data ◽  
Distributed Lag ◽  
Domestic Credit ◽  
Good Policy

This paper aims to examine the role of financial development and economic growth in Nepal employing Autoregressive distributed lag (ARDL) approach of cointegration using time series data for the period from 1965 to 2018. Nepal is a unique country with big markets in the neighbors-India and China but remains as one of the poor landlocked developing countries, even being the earlier entrant in liberalization and reform. Nepal recently went through a substantial political transition and now the stable government is seeking substantial amount of foreign direct investment. In this background, it will be better, for a good policy analysis, to know how the financial activities have played the role in highly intended economic growth. We develop a model with five proxies of financial development (broad money, domestic credit to private sector, total credit from banking sector, capital formation, and foreign direct investment); and econometrically test their contribution in economic growth. Overall, the results suggest that financial development causes to economic growth substantially, except in the case of foreign direct investment. This result warns the policy makers to be more serious making investment friendly economy to attract the expected foreign direct investment.

scholarly journals Macro-Economic Determinants of Life Insurance Business – Empirical Evidence during 2000-01 to 2015-16

2019 ◽  
Vol 9 (2) ◽  
pp. 4599-4606
Keyword(s):  
Economic Growth ◽  
Life Insurance ◽  
Banking Sector ◽  
Time Series Data ◽  
Positive Impact ◽  
Insurance Industry ◽  
Series Data ◽  
Insurance Sector ◽  
Insurance Business ◽  
Enrolment Ratio

There is a strong link between an institutional framework of insurance sector and sustainable economic growth. Insurance business has a positive impact on economic development and vice versa. As a developed insurance market stimulates economic growth of a country, the level of its economic growth affects insurance business development in return. In India, regulatory changes commenced since midnineties for opening up of insurance markets to private and foreign insurers. After more than one and half decade execution of insurance sector reforms, Indian life insurance business have been witnessed the better growth. In this juncture, the present study focuses on an examination of the role of a macroeconomic environment in the development of life insurance industry in India by using time series data with regression analysis. The study finds that the savings to GDP ratio, banking sector development, expenditure on social security to GDP, gross enrolment ratio and life expectancy are most significant and positive factors in driving the life insurance business during the study period..

scholarly journals Do banking sector reforms cause economic growth?: Empirical evidence from Africa’s largest economy

2015 ◽  
Vol 13 (1) ◽  
pp. 553-564
Author(s):  
Andy Titus Okwu ◽  
Olusola Babatunde Falaiye ◽  
Rowland Tochukwu Obiakor ◽  
Ajibola Joseph Olusegun
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Banking Sector ◽  
Time Series Data ◽  
Series Data ◽  
Real Sector ◽  
Reform Strategies ◽  
Long Run ◽  
Short Run ◽  
And Control

This paper employed time series data on relevant empirical diagnostics to examine banking sector growth-led nexus within the context of Africa’s largest economy, Nigeria. Diagnostics established stationarity of banking sector indicators and control variables at first difference. Findings showed no causal relationships between banking sector reforms and economic growth in the short-run and that, though liberalisation in particular did not Granger-cause growth of the economy during the study period, banking sector reforms caused growth of the real sector of the Nigerian economy. Hence, the caveat was that long-run growth effects of banking sector reforms on real sectors of economies are functions of policy targets of such banking or financial sectors reform strategies. Consequently, articulation of banking and financial sectors reforms within long-run rather than short-run perspectives and complementarity of liberalisation were recommended.

scholarly journals Insurance Development and Economic Growth: An Examination of the Non-Bank Financial Institutions in Nigeria

2019 ◽  
Vol 10 (2) ◽  
pp. 16
Author(s):  
David Okelue Ugwunta ◽  
Uche Boniface Ugwuanyi
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Time Series Data ◽  
Series Data ◽  
Growth Time ◽  
Financial Assets ◽  
Total Trade ◽  
Explanatory Variables ◽  
Insurance Sector ◽  
The Impact

This paper determined the effect of the development of non-bank financial institutions on Nigeria’s economic growth. Time series data, spanning a period of forty-one years, from 1970-2010 obtained from the Central Bank of Nigeria statistical bulletin were tested for stationarity. To measure the relationship and the impact of the explanatory variables on economic growth, the paper adopted a generic regression equation. Results suggest that total trade; investments of the insurance sector in financial asset; and insurance premiums have a high, positive and direct relationship with economic growth. Overall, our findings revealed that the focal variables insurance sector investment in financial assets; and insurance sector premiums significantly contribute to the economic growth of Nigeria.

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