scholarly journals Impact of Remittances Inflows and Macroeconomic Stability on Poverty in Nigeria (1977-2014)

2020 ◽  
Author(s):  
Anthony O. Onoja ◽  
Clarietta Chagwiza
Keyword(s):  
Poverty Reduction ◽  
Market Access ◽  
Secondary Data ◽  
Household Consumption ◽  
Cointegration Analysis ◽  
Export Market ◽  
Skills Acquisition ◽  
Macroeconomic Conditions ◽  
Long Run ◽  
Official Exchange Rate

Abstract The study explored the trend and effects of macroeconomic conditions on poverty (using household consumption as proxy for poverty) in Nigeria. It also analyzed how foreign migration remittances affect aggregate household poverty. It relied on secondary data analyzed using trend and cointegration analysis. It was found that on the long run, when gleaned from the perspective of aggregate household consumption, level of poverty in the country could be explained by economic growth (GDP per capita current USD, lngdp), volume of export trade as percentage of GDP (lnexptrgdp), official exchange rate of Nigerian Naira to USD (lnforex), inflation rate (lninf) and age dependency ratio of population (proxy for aggregate level of unemployment) (lnagedprat). Efforts must be put in place to promote youth employment opportunities, export market access to Small and medium scale enterprises, proper management of foreign exchange regimes. Since migration is not a sustainable source of income for the country, Nigerian authorities must provide education and skills acquisition opportunities too and enhanced working conditions to reduce dependency on immigration as a source of poverty reduction in households.

scholarly journals Banks Intermediation and Stock Prices of Deposit Money Banks in Nigeria: VECM and Variance Decomposition Approach

2020 ◽  
Vol 8 (1) ◽  
pp. 102-112
Author(s):  
Subair K ◽  
◽  
Soyebo Yusuf A ◽  
Keyword(s):  
Stock Prices ◽  
Secondary Data ◽  
Variance Decomposition ◽  
Cointegration Analysis ◽  
Decomposition Approach ◽  
Vector Error Correction ◽  
Speed Of Adjustment ◽  
Vector Error ◽  
Long Run ◽  
Delegated Monitoring

This study adopts the Vector Error Correction Model (VECM) and the variance decomposition techniques in testing the financial acceleration theory in banks intermediation. The bank intermediation variable is categorized into variable deposit mobilization, loan administration, delegated monitoring and risk diversification. Using cointegration analysis and quarterly secondary data between 2009 and 2016, this study assessed the short and long run influence of the categorized bank activities on their stock prices. The results indicate that banks intermediation exact influence on both the short and long run stock prices of DMBs in Nigeria as the ECM (-0.1420) result showed a significant speed of adjustment towards equilibrium while the overall model fitness showed that there is a long run causality running from banks intermediation measures and stock prices. Similarly, the result of the variance decomposition of stock prices shocks indicate that over time a significantly increasing proportion of stock prices is explained by loans and capital (delegated monitoring).

scholarly journals What Drives Inflation-Output Tradeoff Dynamics in Pakistan? An Assessment of International Linkages and Global Trends

2019 ◽  
Vol 24 (1) ◽  
pp. 55-81
Author(s):  
Muhammad Ayyoub ◽  
Julia Wörz
Keyword(s):  
Explanatory Power ◽  
Trade Openness ◽  
Cointegration Analysis ◽  
Vector Autoregressive ◽  
Global Trends ◽  
Macroeconomic Conditions ◽  
Long Run ◽  
Trading Partners ◽  
The Impact ◽  
Domestic Inflation

This article illustrates the dynamics of and tradeoff between inflation and output in Pakistan by utilizing data on 18 major trading partners in a cointegration analysis. In doing so, we use key features of the global vector autoregressive approach to construct a model that captures foreign-specific variables related to Pakistan; these are analyzed empirically along with domestic data for the period 1972–2014. Our findings show that, after accounting for the impact of increasing interdependencies, trade spillovers and changing global macroeconomic conditions, a long-run equilibrium relationship exists between domestic inflation and output. The foreign variables have a significant impact on the key domestic variables. In particular, domestic inflation and trade openness, foreign inflation and world oil prices have significant explanatory power for Pakistani output. Policymakers in Pakistan should therefore account for global developments, specifically in trading partner economies.

FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI IMPOR KEDELAI INDONESIA

2014 ◽  
Vol 8 (1) ◽  
pp. 117-138 ◽  
Author(s):  
Aziz Muslim
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Soybean Oil ◽  
Secondary Data ◽  
Cointegration Analysis ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Government Role ◽  
Short Run

Kajian ini bertujuan untuk menentukan faktor-faktor yang mempengaruhi impor kedelai Indonesia. Data yang digunakan adalah data sekunder berbentuk time series, diolah dan dianalisis dengan metode estimasi dan kointegrasi Autoregressive Distributed Lag (ARDL). Hasil penelitian menunjukkan bahwa faktor-faktor yang mempengaruhi impor kedelai Indonesia dalam jangka pendek adalah impor kedelai sebelumnya, harga kedelai USA, harga minyak kedelai Argentina, dan nilai tukar Rupiah. Dalam jangka panjang faktor yang berpengaruh adalah harga minyak kedelai Argentina, PDB Indonesia, dan nilai tukar Rupiah. Kajian ini merekomendasikan bahwa mekanisme pengamanan stok kedelai maupun minyak kedelai bermanfaat untuk menjaga ketersediaan pangan dalam negeri. Peran aktif pemerintah dalam mengamankan stok kedelai nasional serta pengumpulan data-data tentang impor kedelai merupakan tuntutan yang mendesak. Untuk menjaga kestabilan harga dan pasokan kedelai dalam negeri perlu ada upaya untuk mendiversifikasi negara asal impor. The aim of this study is to determine the factors that affect Indonesia’s imports of soybean. The study utilized time series secondary data and Autoregressive Distributed Lag (ARDL) cointegration analysis. The results reveal that in the short run Indonesia’s import of soybean are influenced by Indonesia's soybean imports in the previous year, price of USA’s soybean, Argentina’s soybean oil price, and the Rupiah exchange rate. In the long run Indonesia’s imports of soybean are influenced by Argentina’s soybean oil, Indonesia GDP, and the Rupiah exchange rate. This study recommends that mechanism to maintain soybean stocks demanded is useful for food security.Therefore Government role is important in providing the accurate data on soybean stock, and diversification of the country of origin is crucial to maintain price stability and supply continuity in the country

scholarly journals An Assessment of the Nexus Between Government Expenditure and Inflation in Nigeria

2019 ◽  
Vol 19 (2) ◽  
pp. 102-116
Author(s):  
Adewale Atanda Oyerinde
Keyword(s):  
Exchange Rate ◽  
Money Supply ◽  
Inflation Rate ◽  
Strong Association ◽  
Government Expenditure ◽  
Secondary Data ◽  
Strong Relationship ◽  
Cointegration Analysis ◽  
Long Run ◽  
Short Run

Abstract Research Background: The on-going debate concerning the exact relationship that exists between inflation and government expenditure especially in the long and short run prompted this research. Purpose: The study assesses the relationship between government expenditure and inflation in Nigeria. Apart from government expenditure and inflation rate, other variables such as exchange rate and money supply are included to ensure a robust model. Research Methodology: Secondary data from 1980 to 2017 were collected and analysed using the Johansen Cointegration analysis and vector error correction model. Results: The results showed that apart from the bi-directional relationship that exists between the variables, there exists a strong relationship between government expenditure and inflation rate and that a significant impact is sustained from the short run through the long run. The exchange rate and money supply also exhibit a strong association with government expenditure. Novelty: The study has underscored the importance of the inflation rate in Nigeria as it affects government spending by focusing more on inflation rather than the movement that was the focus of most of the previous studies. It has also shown the causality flow from both inflation and government expenditure, which hitherto remains contentious.

scholarly journals THE The Nexus Between Poverty, Education and Economic Growth in Indonesia

2020 ◽  
Vol 8 (4) ◽  
pp. 345-354
Author(s):  
Amaluddin Amaluddin
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Secondary Data ◽  
Vital Role ◽  
Point Of View ◽  
Long Run ◽  
Development Policies ◽  
Short Run ◽  
Causality Relationship ◽  
Education And Economic Growth

The causal relationship between poverty, education and economic growth has been widely studied in many countries, however, the results of a lot of studies demonstrate a controversial point of view and diverse conclusions which may be caused by differences in methodologies and development policies. The purpose of this study is firstly, to investigate the dynamic causality relationship between education, poverty, and economic growth both in the short and long-run, secondly, to analyze the dynamic response of poverty to shocks of education and economic growth. This study applied the quantitative method approach by using Panel Error Error Correction Model (PVECM). All secondary data was taken from BPS, in the form of panel data of 33 provinces in Indonesia during the period 2010-2018. This study found strong evidence that there was a long-run feedback causality linkage between poverty, education, and economic growth, while in the short-run, only found a bi-directional causality relationship between education and economic growth. The shocks of education and economic growth were responded negatively by the poverty variable, indicating that improving the quality of education and economic growth plays a vital role or has an impact on poverty reduction.

scholarly journals DOES CORRUPTION AFFECT POVERTY IN INDONESIA?

2018 ◽  
Vol 11 (1) ◽  
pp. 1-14
Author(s):  
Azwar Azwar Azwar ◽  
Rahmaluddin Saragih
Keyword(s):  
Poverty Reduction ◽  
Dynamic Error ◽  
Pearson Correlation ◽  
Reduction Process ◽  
Secondary Data ◽  
Good Health ◽  
Social Spending ◽  
Significance Level ◽  
Long Run ◽  
Major Disaster

Corruption is likely to increase poverty because it reduces the potential income earning of the poor. Therefore, eradicating corruption is a crucial issue in the poverty reduction process. This study is set out to investigate and analyze the short and long-run relationship between corruption and poverty. It uses secondary data from World Bank and Transparency International then  Autoregressive Distributed Lag (ARDL) and dynamic Error Correction Model (ECM), focuses on capability poverty using headcount poverty index during year 1995-2017. The results of study indicated that corruption have positive significant effect on the level of poverty ratio in 1% significance level In the long run. This implies that in the long run, there is relationship between corruption and poverty. In the long run, the coefficient of corruption effect implies that 1% increase in corruption would increase the poverty ratio by 1.36%. The negative implication of corruption on the life of the citizens is a major disaster in the economy and harmful to the growth and development of the citizens in particular and the economy in general. The simple pearson correlation findings also show that corruption has significant distributional consequences by affecting growth and government expenditures. High and rising corruption increases poverty by reducing the level and effectiveness of groth and social spending (education and health).  For effective sustainable and management of this disaster, government should embark on policies that will reduce the level of corruption significantly so as to have positive influence on the standard of living of the citizens in terms of quality and efficient education, sound management of our natural resources, provision of good health facilities and other infrastructures that will transcend to the growth of the economy.

scholarly journals Poverty and Economic Growth in Mexico

2018 ◽  
Vol 7 (10) ◽  
pp. 183 ◽  
Author(s):  
Jorge Garza-Rodriguez
Keyword(s):  
Economic Growth ◽  
Poverty Reduction ◽  
Cointegration Analysis ◽  
Causality Test ◽  
Cross Sectional ◽  
Vector Error Correction ◽  
Long Run ◽  
Short Run ◽  
Development Literature ◽  
The Relationship

The relationship between poverty and economic growth has been widely discussed in the economic development literature during the past few decades. However, most of this research has been based on cross-sectional studies and very few studies have used time-series techniques to analyze this important issue. At the same time, there are also only a few studies analyzing this issue for the case of Mexico. Therefore, the objective of this paper was to analyze the relationship between poverty and economic growth in Mexico, using a cointegration analysis with structural change for the period 1960–2016. The Gregory-Hansen cointegration test confirmed the existence of a long-term equilibrium relationship between poverty reduction and economic growth, both in the short run and in the long run. Using a Vector Error Correction Model (VECM), we find that, in the long run, a 1% increase in economic growth leads to a 2.4% increase in per capita consumption (and therefore poverty reduction). This estimate is similar to those obtained in other studies for the case of Mexico and for other developing countries. Also, using the Granger causality test, it was found that there is a bidirectional causality relationship between poverty reduction and economic growth in Mexico.

scholarly journals Foreign Direct Investment and the Poverty Reduction Nexus in Tanzania

2020 ◽  
Vol 14 (2) ◽  
pp. 223-236
Author(s):  
Mercy T. Musakwa ◽  
Nicholas M. Odhiambo
Keyword(s):  
Foreign Direct Investment ◽  
Mortality Rate ◽  
Life Expectancy ◽  
Direct Investment ◽  
Poverty Reduction ◽  
Household Consumption ◽  
Infant Mortality Rate ◽  
Consumption Expenditure ◽  
Long Run ◽  
Short Run

In this study, the causality between poverty reduction and foreign direct investment (FDI) inflows in Tanzania using time-series data from 1980 to 2014 is investigated. The study attempts to answer one question. Does FDI drive poverty reduction in Tanzania? To answer this question, autoregressive distributed lag (ARDL)-bounds testing approach to cointegration and error correction model (ECM)-based causality model within a trivariate setting was used. The study employs three poverty reduction measures to ensure robustness, namely, household consumption expenditure (pov1), infant mortality rate (pov2), and life expectancy (pov3). The results show that there is a distinct unidirectional causality from poverty reduction to FDI in the short run and in the long run when poverty reduction is measured by household consumption expenditure and life expectancy. A unidirectional causality is confirmed from FDI to poverty reduction in the short run, and no causality is recorded in the long run when infant mortality rate is used as a poverty reduction proxy. Based on these findings, it can be concluded that the causal relationship between FDI and poverty reduction in Tanzania is sensitive to the proxy used to measure the level of poverty and to the time span considered.

STRATEGI PRODUK BORDIR DI KAPALO KOTO, KOTO TANGAH SIMALANGGANG, KOTA PAYAKUMBUH (Studi Kasus di Usaha Bordir Limpapeh”s Kebaya)

2019 ◽  
Vol 8 (1) ◽  
pp. 111
Author(s):  
Riris Susiani ◽  
Ernawati Ernawati
Keyword(s):  
Rapid Development ◽  
Secondary Data ◽  
Export Market ◽  
Product Strategy ◽  
Analysis Techniques ◽  
Product Service ◽  
Qualitative Descriptive ◽  
The Subject ◽  
The Times ◽  
Descriptive Method

AbstrakMasalah dalam penelitian ini yaitu pentingnya strategi produk dalam menjalankan sebuah usaha agar mampu bertahan dan bersaing  dengan perusahaan lain yang sejenis dalam kondisi persaingan yang ketat dan perkembangan zaman yang sangat cepat. Strategi produk sangat diperlukan dalam mememenuhi tuntutan konsumen seperti meningkatkan kualitas, menciptakan merek, pelayanan serta jaminan terhadap produk yang ditawarkan agar usaha mampu berkembang. Limpapeh”s Kebaya adalah usaha yang sedang berkembang dan telah mampu memasarkan produk bordirnya hingga menembus pasar ekspor. Penelitian ini bertujuan untuk mendeskripsikan strategi produk bordir di Limpapeh”s Kebaya, Kapalo Koto, Koto Tangah Simalanggang, Kota Payakumbuh. Metode penelitian menggunakan metode deskriftif kualitatif, jenis data berupa data primer dan  sekunder. Teknik pengumpulan data melalui observasi, wawancara dan dokumentasi. Teknik analisis data dilakukan dengan teknik analisa model interaktif yang berkaitan dengan pokok permasalahan yaitu dengan model reduksi data, penyajian data dan pengambilan kesimpulan. Hasil penelitian yaitu strategi produk yang dilakukan di Limpapeh”s Kebaya adalah dimulai dari menciptakan produk bordir yang berkualitas, desain motif bordir yang up to date dan kreatif, menyediakan ukuran yang special, memberi merek pada produk bordir, memberi kemasan yang menarik (paperbag) dan serbaguna, pelayanan yang cepat, tepat dan ramah serta pemberian jaminan terhadap produk border.Kata Kunci: strategi produk, pelayanan, bordir. AbstractThe problem in this study is the importance of product strategy in running a business in order to be able to survive and compete with other similar companies in conditions of intense competition and very rapid development of the times. Product strategy is very necessary in fulfilling consumer demands such as improving quality, creating brands, services and guarantees for products offered so that businesses are able to grow. Limpapeh's Kebaya is a growing business and has been able to market its embroidery products to penetrate the export market. This study aims to describe the strategy of embroidery products in Limpapeh's Kebaya, Kapalo Koto, Koto Tangah Simalanggang, Payakumbuh City. The research method uses qualitative descriptive method, the type of data in the form of primary and secondary data. The technique of collecting data through observation, interviews and documentation. Data analysis techniques are carried out with interactive model analysis techniques that are related to the subject matter, namely with a model of data reduction, data presentation and conclusion. The results of the research, namely the product strategy carried out at Limpapeh's Kebaya, are started from creating quality embroidery products, up-to-date and creative embroidery motifs, providing special sizes, giving brands to embroidery products, giving attractive packaging (paperbag) and versatile, fast, precise and friendly service and guarantee of embroidery products. Keywords: product, service, embroidery strategy.

THE POVERTY REDUCTION SOLUTIONS FOR ETHNIC MINORITIES IN THE NORTH EASTERN BORDER AREA USING THE MARKET ACCESS

2018 ◽  
Author(s):  
Phi Hung Cuong ◽  
Vu Van Anh
Keyword(s):  
Ethnic Minorities ◽  
Poverty Reduction ◽  
Market Access ◽  
Poverty Rate ◽  
Living Standards ◽  
Mountainous Areas ◽  
Important Indicator ◽  
The North ◽  
North Eastern ◽  
Eastern Border

Income is an important indicator for assessing the level of economy development as well as identifying and assessing living standards. The population in Northeast border is poor, facilities are outdated, people’s life is difficult, but it hold great potentials for economic development. However, the region’s biggest challenge today is low living standards and high poverty rate. Differences in income and living standards across regions and strata tend to increase the gap. The sustainability of the trend of income increase and improvement of living standards of the population is not stable. As a result, the development of mountainous areas is dependent on poverty reduction solutions for ethnic minorities through the increase of incomes and improvement of market connectivity for ethnic minorities in mountainous areas.

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