scholarly journals Oil revenues, External debt, and Growth in Nigeria

2017 ◽  
Author(s):  
Ibrahim Mohammed Adamu
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Public Investment ◽  
External Debt ◽  
Fiscal Deficits ◽  
Capital Projects ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Foreign Loans ◽  
Oil Revenues

Oil revenues and external debt might have stimulated economic growth in the oil exporting countries via investment in capital projects. The paper estimated economic growth on oil revenues and external debt after controlling public investment and population growth over the period 1970-2015. Following the confirmation of the order of integration, our analysis is based on autoregressive distributed lag bound testing to cointegration approach. The key findings are that oil revenues and public investment contributes to Nigeria’s economic growth. However, our findings also indicate that external debt and population growth retards growth. The study suggests that minimizing fiscal deficits and unnecessarily foreign loans by creating tax avenues through the development of the non-oil sectors would reduce the dependency syndrome on a single commodity (oil) in Nigeria.  

scholarly journals External debt and economic growth in Tunisia

2014 ◽  
Vol 61 (6) ◽  
pp. 669-689 ◽  
Author(s):  
Samir Abdelhafidh
Keyword(s):  
Economic Growth ◽  
External Debt ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Negative Effect ◽  
Short Run ◽  
Empirical Methodology ◽  
Effect On Growth

This paper investigates the external debt effect on economic growth in Tunisia. Our empirical methodology is based on the autoregressive distributed lag approach. We find that in the long- as well as in the short-run, external debt had a negative effect on growth over the 1970-2010 period. The longrun effect was slightly higher in the period before the Ben Ali?s presidency than in the period after. However, during his period, the external debt short-run effect was the double of that observed during the period before. These results suggest that an external debt reduction should favor economic growth in Tunisia.

scholarly journals Health Expenditure and Economic growth: An ARDL Approach for the Case of Iran

2011 ◽  
Vol 3 (4) ◽  
pp. 249-256 ◽  
Author(s):  
Mohsen Mehrara
Keyword(s):  
Economic Growth ◽  
Health Expenditure ◽  
Health Sector ◽  
Health Spending ◽  
Health Care Expenditures ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Real Gdp ◽  
Ardl Approach ◽  
Oil Revenues

This paper examines the relationship between health expenditure and economic growth in Iran for the period 1970-2007, based on the autoregressive distributed lag (ARDL) approach. The study finds a cointegrating relationship among real GDP, health expenditure, capital stock, oil revenues and education, although among them, health spending explains just a small part of the economic growth. The results indicate that while health care expenditures are among the most important factors in the lowering of infant mortality, they do not make a significant marginal contribution to the economic growth in Iran. This findings call for pressing reforms and improved allocation of resources in health sector.

scholarly journals Population growth, income growth and savings in Ghana

2020 ◽  
Vol 22 (2) ◽  
pp. 281-296
Author(s):  
John Gartchie Gatsi ◽  
Michael Owusu Appiah
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Population Growth ◽  
Positive Impact ◽  
Policy Formulation ◽  
Content Type ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Efficient Access ◽  
The Relationship

PurposeThe study explores the relationship among economic growth, population growth, gross savings and energy consumption over the period 1987– 2017.Design/methodology/approachThe autoregressive distributed lag (ARDL) bounds test approach by Pesaran et al. (2001) was employed to investigate variables for the study.FindingsIn the key findings, both gross savings and population growth negatively affect economic growth. However, energy consumption has positive impact on economic growth.Practical implicationsThese findings call for policy portfolios to address the impacts of gross savings and population growth on economic development. In particular, the financial sector needs to be revamped to be more efficient in channeling funds from the surplus units to the deficit units. It is recommended that investment be made in financial and technological innovation to provide efficient access to credits and other financial products even though individual savings may not move with economic growth.Originality/valueMany studies have explored the nexus between savings and economic growth without considering population growth and energy consumption. In this study, the relationship among savings, economic growth, population growth and energy consumption provide additional knowledge in policy formulation.

scholarly journals Does the Export-Led Growth Hypothesis Hold for Services Exports in Emerging Economies?

2021 ◽  
Vol 14 (27) ◽  
pp. 63-75
Author(s):  
Okpeku Lilian ONOSE ◽  
◽  
Osman Nuri ARAS ◽  
Keyword(s):  
Economic Growth ◽  
Emerging Economies ◽  
Emerging Countries ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
Per Capita ◽  
Positive Effect ◽  
Growth Hypothesis

The export-led growth hypothesis states a positive relationship between the growth of exports and long-run economic growth. This study examines the validity of the export-led growth hypothesis of services exports in 5 emerging economies, including Brazil, India, Nigeria, China, and South Africa (BINCS), for the period of 1980-2019. The study employs the panel mean group autoregressive distributed lag (ARDL) procedure to identify a causal relationship between services exports and gross domestic product (GDP) per capita. The findings show that the export-led growth hypothesis in services only has a positive effect on economic growth in the short run while other variables, including foreign direct investment (FDI), gross capital formation, and labour, increase economic growth in the long run. Hence, the emerging countries should focus more on internal investment to boost growth in the long and short run.

scholarly journals INSTITUTIONAL QUALITY AND ECONOMIC GROWTH IN JORDAN: NEW EVIDENCE USING AN AUTOREGRESSIVE DISTRIBUTED LAG (ARDL) MODEL

2021 ◽  
Vol 16 (3) ◽  
pp. 204-219
Author(s):  
ZULKEFLY ABDUL KARIM ◽  
◽  
MOHAMMAD QASIM ALABED QUSAI ◽  
FATHIN FAIZAH SAID ◽  
MOHD AZLAN SHAH ZAIDI
Keyword(s):  
Economic Growth ◽  
Institutional Quality ◽  
Ardl Model ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
New Evidence

Investigating the Roles of Physical Infrastructure, Financial Development and Human Capital on Economic Growth in Bangladesh

2020 ◽  
Vol 12 (2) ◽  
pp. 154-175
Author(s):  
Faroque Ahmed ◽  
Md. Jamal Hossain ◽  
Mohammad Tareque
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Financial Development ◽  
Causality Test ◽  
Distributed Lag ◽  
Dynamic Relationship ◽  
Autoregressive Distributed Lag ◽  
Physical Infrastructure ◽  
Long Term Impact

This article investigates the dynamic relationship among physical infrastructure, financial development, human capital and economic growth in Bangladesh, employing Autoregressive Distributed Lag (ARDL) bound co-integration and Granger causality test for the period 1985–2019. The study finds a significantly positive long-term impact of physical infrastructure and human capital on economic growth. However, the effect of financial development on growth is found to be negative, and the result suggests that financial development will take place with economic growth. From the policy perspective, this study emphasises increasing investment in physical infrastructure and human capital for Bangladesh to foster long-term economic growth.

SHORT-RUN AND LONG-RUN IMPACT OF INFLATION, UNEMPLOYMENT, AND ECONOMIC GROWTH TOWARDS POVERTY IN INDONESIA: ARDL APPROACH

2019 ◽  
Vol 2 (1) ◽  
pp. 15
Author(s):  
Ahmadi Murjani
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Macroeconomic Variables ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The Government ◽  
The Impact

 Poverty alleviation has become a vigorous program in the world in recent decades. In line with the efforts applied by the government in various countries to reduce poverty, some evaluations have been practised. The impacts of macroeconomic variables such as inflation, unemployment, and economic growth have been commonly employed to be assessed for their impact on the poverty. Previous studies in Indonesia yielded mix results regarding the impact of such macroeconomic variables on the poverty. Different methods and time reference issue were the suspected causes. This paper aims to overcome such problem by utilising the Autoregressive Distributed Lag (ARDL) equipped with the latest time of observations. This paper finds in the long-run, inflation, unemployment, and economic growth significantly influence the poverty. In the short-run, only inflation and economic growth are noted affecting poverty significantly. 

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