scholarly journals Under-Funding Tertiary Education in Nigeria: Implication for Sustainable National Development

Author(s):  
Nwite Onuma

<div><p>The purpose of this study is to investigate the effect of government underfunding of tertiary education for sustainable national development in Nigeria. Three research questions and two null hypotheses guided the study. The instrument for data collection was a secondary data from Central Bank of Nigeria (CBN) entitled “Value of Educational Growth, Gross Domestic Product, Capital Government Expenditure and Recurrent Government Expenditure in Nigeria, 1990-2013”. The period under-review was chosen for the purpose of comparing funding of education in selected World Bank sampled countries. The researcher adopted Ex-post Facto research design to evaluate government budgetary allocation to education and value of educational growth between 1990 to<strong> </strong>2013. Correlation Martric and Square Regression (r<sup>2</sup>) and t-ratio statistics were used to analyze data collected. The findings showed that the value of educational growth, Gross Domestic Product, Current Government Expenditure and Regression Government Expenditure maintained increased trend and there was a positive relationship with a low productive value on education budget. This showed that expenditure on tertiary education is still below other countries under-review and below UNESCO recommended of 26% of total annual budgetary allocation. This has affected education development and programs of tertiary education in Nigeria. There is need for improved budgetary allocation to education in Nigeria to match other developing countries of Africa for greater attention to tertiary institutions in Nigeria. The study recommends that educational administrators and management of tertiary institutions in Nigeria should mount pressure on the political class to address the state of under-funding of education by government and implement UNESCO recommended 26% of annual budgetary allocation for suitable educational development.    </p></div>

2018 ◽  
Vol 1 (1) ◽  
pp. 1-24
Author(s):  
Dedi Junaedi ◽  
Muhammad Rizal Arsyad

Since  independence,  Indonesia   has   experienced  seven   changes   of   national leadership. Starting from  Soekarno, Soeharto, BJ Habibie, Abdurahman Wahid, Megawati, Susilo Bambang Yudhoyono (SBY), to Joko Widodo. During that time, foreign debt is always present to patch the development budget deficit. Debt is expected to move the wheels of the economy, create growth, create jobs, and alleviate poverty. This study aims  to  analyze  the  effect  of  debt, inflation  and  government regime differences on economic growth and poverty levels in Indonesia, from the Old Order era, the New Order, to the Reform Order. The study used  secondary data obtained from Bank Indonesia,  the National  Development  Planning  Agency (Bappenas), the Central  Bureau of Statistics (BPS), the World Bank, and other reference sources such as books, journals and scientific  papers. The data used  are  the value of  foreign debt, national income (Gross Domestic Product / GDP), population,  number and ratio of  the poor, inflation  rate in the period 1949 - 2017. The results  of  multiple  regression analysis  with  dummy variable (using  Eviews 10 application  program) show the  following  results:  Foreign debt has  correlation with  the national economic condition, in particular the value of Indonesian Gross Domestic Product and the level  of poverty. Debt tends to increase the value of GDP and reduce poverty. In terms of debt governance as a driver of the economy and poverty, the Suharto and Habibie Era tend to be different and better than the Sukarno Era. While the debt management of Era Abdurrahman Wahid, Era Megawati, Era SBY and Era Jokowi no different or no better than Era Sukarno. Although  nationally  can increase GDP and reduce poverty, debt can not improve people's prosperity (read per capita income). Foreign debt even tends to reduce the level of welfare of the people. This applies to all government regimes.    


2016 ◽  
Vol 8 (4) ◽  
pp. 54
Author(s):  
Raed A. M. Iriqat ◽  
Ahmad N. H. Anabtawi

<p>The study aims to investigate the causality relationship between Gross Domestic Product and its components with Tax revenues in developing countries as a case study in Palestine. This study based on an empirical approach using secondary data from Palestine monetary Authority during (1999-2014). The findings exposed mainly that the tax revenues does not Granger Cause each of the Palestinian Gross Domestic Product, Government spending, Consumption, Investment and Balance of trade. In addition, researcher divided period of study into three stages according to changing in income tax act. Moreover, results shows that the impact of macro-economic variables on tax revenues and correlations between dependent and independent variables was changing from one stage to other.</p>This paper concludes that the Palestinian authority should motivate investment conditions and improve the tax collection instruments and decrease the tax invasion. In addition, Palestinian government should rationalize the government consumption spending and increase the government expenditure for the development.


2020 ◽  
Vol 1 (1) ◽  
pp. 1-24
Author(s):  
Dedi Junaedi

Since independence, Indonesia has experienced seven changes of national leadership. Starting from Soekarno, Soeharto, BJ Habibie, Abdurahman Wahid, Megawati, Susilo Bambang Yudhoyono (SBY), to Joko Widodo. During that time, foreign debt is always present to patch the development budget deficit. Debt is expected to move the wheels of the economy, create growth, create jobs, and alleviate poverty. This study aims to analyze the effect of debt, inflation and government regime differences on economic growth and poverty levels in Indonesia, from the Old Order era, the New Order, to the Reform Order. The study used secondary data obtained from Bank Indonesia, the National Development Planning Agency (Bappenas), the Central Bureau of Statistics (BPS), the World Bank, and other reference sources such as books, journals and scientific papers. The data used are the value of foreign debt, national income (Gross Domestic Product / GDP), population, number and ratio of the poor, inflation rate in the period 1949 - 2017. The results of multiple regression analysis with dummy variable (using Eviews 10 application program) show the following results: Foreign debt has correlation with the national economic condition, in particular the value of Indonesian Gross Domestic Product and the level of poverty. Debt tends to increase the value of GDP and reduce poverty. In terms of debt governance as a driver of the economy and poverty, the Suharto and Habibie Era tend to be different and better than the Sukarno Era. While the debt management of Era Abdurrahman Wahid, Era Megawati, Era SBY and Era Jokowi no different or no better than Era Sukarno. Although nationally can increase GDP and reduce poverty, debt can not improve people's prosperity (read per capita income). Foreign debt even tends to reduce the level of welfare of the people. This applies to all government regimes.


Author(s):  
Dr. Rajinder Godara ◽  
Bal krishan

The Agriculture sector is the mainstay role of Indian’s Economy & livelihood through the generate of employment in the agriculture sector. With the passage of time the Agriculture & Allied Sector is continuously declining because of a cause of land fragmented day by day. Due to the land fragmented but ours’ dependency on the industrial sector as well as the services sector. In the agriculture sector in 2017-18 of the workforce, 50 percent of people engagement depends on the agriculture sector. Further agriculture sector contribution 17-18 percent of the total GDP (Gross domestic product) of national income. In Haryana state agriculture contribution is about 14.5 percent to its gross domestic product (GDP) while providing employment 51 percent of the workforce engaged in agriculture. Further, about 75% of the area is irrigated, through tube Wells and an extensive system of canals. About 2/3rd of the State has assured irrigation, most suited for a rice-wheat production system, whereas rain-fed lands around 1/5th are most suited for rapeseed & mustard, pearl millet, cluster bean cultivation, agro-forestry, and arid-horticulture. Methodology Statistical Techniques and Tools: The secondary data published from Haryana statistical Abstract, Economic The survey, Ministry of Agriculture and Farmers’ Welfare, published Research papers in the journal, and agriculture reports and so on. To compute the growth behavior of trends and performance of agriculture production in Haryana farm area, yield, production and income, the exponential function will be fitted. Review of Literature, Problem increasing the productivity in Haryana. Improved agriculture Productivity


2019 ◽  
Vol 21 (1) ◽  
pp. 56
Author(s):  
Dedy Mainata ◽  
Angrum Pratiwi

<p><em>This study aims to determine the effect of growth in Islamic insurance on economic growth. By using secondary data sources, secondary data in the form of total Islamic insurance assets during 2015-2017 originated from the report of the Non Islamic Bank Financial Industry in the official website. This study analyzes the influence of the growth variables of Islamic insurance on economic growth. With the Independent variable in this study is the growth of Islamic insurance with total assets as an indicator (X). And the dependent variable in this study is Indonesia's economic growth using the indicator Gross Domestic Product (GDP) or Gross Domestic Product (GDP) (Y). The results of the study show that the growth variables of Islamic insurance have an effect on Indonesia's economic growth.</em><em></em></p>


2018 ◽  
pp. 1369
Author(s):  
Rio Surya Wijaya ◽  
I Made Sukartha

National development of a nation includes economic development and Micro, Small and Medium Enterprises (MSMEs). MSME performance needs to be examined because the contribution of the MSME sector to the Gross Domestic Product (GDP) has increased from 57.84% to 60.34% in the last 5 years. This study aims to determine the effect of intellectual intelligence, emotional intelligence, and spiritual intelligence of the owner on the performance of Micro, Small and Medium Enterprises. Research subjects are the performance of UMKM in Denpasar City. The sample determination technique used in this study is Probably sampling used using a simple random technique. There are 100 MSMEs as samples with a questionnaire statement totaling 71 statements. Based on the results of the analysis of research obtained intellectual intelligence has a positive influence on the performance of MSMEs, Emotional Intelligence has a positive influence on the performance of SMEs, and Spiritual Intelligence has a positive influence on the performance of SMEs. Keywords: Intellectual Intelligence, Emotional Intelligence, and Spiritual Intelligence.


Author(s):  
Olubiyi A.O ◽  
Babalola B.T ◽  
Ayemidotun Damola

This study examines the effect of Gross Domestic Product on Stock Exchange in Nigeria from 1996 to 2015. Secondary data were obtained from Annual stock market report of the Nigerian Stock Exchange, 2015 (55th Annual General Meeting) and Annual Statistical Bulletin of the Central Bank of Nigeria were used for the study. The variables considered include; Gross Domestic Product (GDP), Federal Government/State Bonds (FGS), Corporate Bonds (CB), Alternative Securities Market (ASeM), Exchange Traded Fund (ETFs), Main Board (MB) and Premium Board (PB). The result shows that ETFs and MB has a positive impact on the GDP.


2018 ◽  
Vol 5 (2) ◽  
pp. 78
Author(s):  
Anas Iswanto Anwar ◽  
Ali Akbar

Credit markets are not always balanced because of unbalanced information and other causes. There are two credit channels that influence the transmission of monetary policy from finance to the real sector, namely bank credit channels that are more concerned with the behavior of banks that are more selective in credit selection because of asymmetric information.This study aims to determine the effect of credit that consists of investment credit, working capital credit and consumption credit to the inflation rate through Gross Domestic Product (GDP) in Indonesia. The overall data used in this study is secondary data from the result of systematic recording in the form of time series from 2007 to 2016 obtained from the Central Bureau of Statistics, Bank Indonesia Report and Indonesian Banking Statistics. Data were analyzed by using multiple regression with Ordinary Least Square (OLS) approach. Based on the results of the research, simultaneous credit has a positive and significant effect on inflation through GDP and partially found that investment credit and working capital credit have positive and significant effect to inflation through GDP, while consumption credit has positive and insignificant effect.


Author(s):  
Kenneth Apeh ◽  
Abubakar Muhammad Auwal ◽  
Nweze Nwaze Obinna

The present reality of the Nigerian economy is the fact that inflation has remained unabated in spite of all exchange rate measures that have been adopted by the monetary authority. This calls for investigation into the extent to which exchange rate impact on inflation in Nigeria. The research paper examined the impact of exchange rate depreciation on inflation in Nigeria for the period 1981&ndash;2017, using Auto Regressive Distributed Lag (ARDL) Bounds Test Cointegration Procedure. The research shows that inflation rate in Nigeria is highly susceptible to lagged inflation rate, exchange rate, lagged exchange rate, lagged broad money, and lagged gross domestic product at 5% level of significance. A long run relationship was also found to exist between inflation rate, gross domestic product and general government expenditure, indicating that the model has a self-adjusting mechanism for correcting any deviation of the variables from equilibrium. Therefore, this study concludes that exchange rate is an important tool to manage inflation in the country; thus, this paper recommends that policies that have direct influence on inflation as well as exchange rate policies that would checkmate inflation movement in the country, should be used by the Central Bank of Nigeria. Also, monetary growth and import management policies should be put in place to encourage domestic production of export commodities, which are currently short-supplied. In addition, policy makers should not rely on this instrument totally to control inflation, but should use it as a complement to other macro-economic policies.


2017 ◽  
Vol 4 (2) ◽  
pp. 164
Author(s):  
Mohammad Saleh ◽  
Mochammad Dwi Ainoer Rizzal ◽  
Aisah Jumiati

Poverty is one of the problems that impede economic growth and national and regional development. It is therefore necessary to find solutions to reduce poverty and solve the problems that are being experienced. The purpose of this study to determine the influence of unemployment, wages and Gross Domestic Product (GDP) on poverty in Java. This research method is explanatory research method. The unit of analysis used in this study is the number of poor people in Java, factors affecting poverty include unemployment, wages and Gross Domestic Product (GDP). Data used in this research is secondary data. The results showed that the positive effect of unemployment and wages and GRDP a significant negative effect on poverty. From the results of this study are expected later able to provide references improvements creation of the welfare of society equally. Keywords: People poverty, unemployment, wage, Gross Regional Domestic Produc


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