scholarly journals Effect of Government Expenditures and Banking Loan Distribution on the Performance of Human Resource Development in Papua Province

2019 ◽  
Vol 3 (2) ◽  
pp. 86
Author(s):  
Hendricus Lembang
Keyword(s):  
Human Resource Development ◽  
Educational Level ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Private Investment ◽  
Bank Loan ◽  
Series Data ◽  
Section Data ◽  
Capital Spending

The research aims to analyze government expenditure on capital spending and bank loan as well as to determine whether it has positive and significant effects on the Human Development Index (HDI) in Papua Province. The method is a quantitative study using a quantitive approach (deductive) to test the hypothesis and explain the causal relationship among panel variables (explanatory research). Data analysis techniques in the form of pooled data. Time series data were taken from 2005 to 2012 and the cross  section data consisting of 19 regioncies and 1 city in Papua Province. The research results about the local government expenditure indicate that 10 the capital expenditure has positive and significant direct effect on an increase in private investment, educational level, employment recruitment and HDI, 2) the bank consumer loan distribution has positive and significant effect on the labor absorption,  3) the private investment has positive but not significant impact on educational level; it has positive and direct significant impact in the labor absorption, 4) the level of education has positive and direct significant impact on the employment recruitment and HDI, 5) labor absorption has positive and direct significant impact in the HDI.

scholarly journals Government Expenditure and Economic Discomfort in Nigeria

2020 ◽  
Vol 2 (2) ◽  
pp. 1-12
Author(s):  
JOSEPH BIDEMI OBAYORI
Keyword(s):  
Time Series Data ◽  
Capital Expenditure ◽  
Critical Role ◽  
Government Expenditure ◽  
Unit Root Test ◽  
Series Data ◽  
Unemployment Rates ◽  
Rate Of Increase ◽  
Capital Spending ◽  
Analytical Tools

Purpose: Government expenditure affects the behavior of both producers and consumers, and influence the distribution of income and wealth in the economy. But, a cursory look at government expenditure (recurrent and capital) in Nigeria over the year, showed that expenditure has been on the increase but the rate of increase has not translated into economic comfort (reduction in poverty and unemployment rates). Due to this assumption, this paper examined government expenditure and economic discomfort in Nigeria.  Methods: Annual time-series data from 1990-2018 were obtained from the CBN Statistical Bulletin (various issues) and the World Bank report. The descriptive statistics, ADF unit root test, and ARDL model serves as the analytical tools.  Results: Based on the empirical result, the paper concluded that government capital expenditure has a negative and significant relationship with economic discomfort. On the other hand, government recurrent expenditure is positively and insignificantly related to economic discomfort. Implications: This result implies that while the increase in capital expenditure will depress economic discomfort, an increase in the recurrent component of the expenditure will not help to reduce economic discomfort. Based on these conclusions, the paper recommended amongst others that more government capital spending should be encouraged as it plays a critical role in reducing both poverty and unemployment rates in Nigeria.

Impact of Health and Agriculture Financing on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 37-58
Author(s):  
Rasaki Olufemi KAREEM ◽  
◽  
Olawale LATEEF ◽  
Muideen Adejare ISIAKA ◽  
Kamilu RAHEEM ◽  
...  
Keyword(s):  
Economic Growth ◽  
Federal Government ◽  
Causal Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Health Sector ◽  
Series Data ◽  
The Impact

The study focused on the impact of health and agriculture financing on economic growth in Nigeria from 1981 to 2019. The study utilized the time series data which was extracted from Central Bank of Nigeria annual statistical bulletin. Unit Root test was performed with the use of Augmented Dickey-Fuller test in order to ascertain the stationarity of all the variables and they were all found to be stationary at order 1 in the two specified models (composite and disaggregated). Error Correction Model (ECM) was used to analyze the data in order to determine the speed of adjustment from the short run to the long run equilibrium state. Casualty test was used to confirm causal relationship among the variables of interests. The study revealed that Federal Government expenditure in Health sector has a significant effect on economic growth in Nigeria. Federal Government expenditure in Agricultural sector equally had a positive effect on economic growth but surprisingly not significant. Considering the disaggregated form, Federal Government capital expenditure in both Health and Agricultural sectors have positive and statistically significant effect on economic growth while Federal Government recurrent expenditure on health has a positive and statistically insignificant effect in economic. It was also revealed that there is causal relationship among the variables. Based on the findings, the study concluded that Federal Government Expenditure in Health Sectors and Agriculture Sectors have effect on economic growth in Nigeria.

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.

scholarly journals Revisiting the Relationship between Economic Growth and Government Size

2012 ◽  
Vol 2012 ◽  
pp. 1-8 ◽  
Author(s):  
Atrayee Ghosh Roy
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Government Expenditure ◽  
Private Investment ◽  
The United States ◽  
Simultaneous Equation ◽  
Series Data ◽  
Government Size ◽  
Government Investment ◽  
Government Consumption

The purpose of this paper is to explore the association between government size and economic growth in the United States using time-series data over the period 1950–2007. In particular, this paper examines the effects of two key components of government expenditure, namely, government consumption and government investment, on US economic growth. A simultaneous-equation model is used to deal with the problem of bi-directional relationship between government size and economic growth. The results suggest that an increase in government consumption slows economic growth, while a rise in government investment enhances economic growth. Furthermore, the results also show that government investment crowds out private investment. Therefore, the overall effect of total government expenditure on economic growth is ambiguous.

scholarly journals ANALISIS PERAN BELANJA MODAL DAN INVESTASI SWASTA TERHADAP PERTUMBUHAN EKONOMI SERTA DAMPAKNYA PADA KESEJAHTERAAN MASYARAKAT

2019 ◽  
Vol 20 (1) ◽  
pp. 26
Author(s):  
Akhlis Priya Pambudy ◽  
Muhamad Imam Syairozi
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Sustainable Development ◽  
Human Development Index ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Public Welfare ◽  
Series Data ◽  
The Impact

The purpose of economic development is to improve public welfare. Many factors influenceeconomic growth, including sustainable development. This study is aimed to analyze the impactof capital expenditure and private investment on economic growth of the regency/municipalduring the period of 2010-2015 as well as the impact of economic growth on public welfareproxied by the human development index figures. Using WarpPLS, used purposive samplingmethode, testing is done for the 415 autonomous regional and 93 autonomous municipalsin Indonesia using time series data 2010-015. The results of this study shows that capitalexpenditure positively effect economic growth as well as private investment has positive effecton economic growth. Furthermore, the economic growth has been proven to improve publicwalfare.Keywords: capital expenditure, private investment, economic growth, public welfare

Analisis Desentralisasi Fiskal terhadap Belanja Modal Pemerintah Daerah di Indonesia

2019 ◽  
Vol 3 (2) ◽  
pp. 104
Author(s):  
Hady Sutjipto ◽  
Stania Cahaya Suci ◽  
Yogi Sabarudin Umbara
Keyword(s):  
Panel Data ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Panel Data Analysis ◽  
Fixed Effect Model ◽  
Series Data ◽  
Estimation Model ◽  
Section Data ◽  
Fiscal Autonomy ◽  
Directorate General

The aims of this study to determine the effect of the degree of fiscal autonomy, regional financial dependence, and population on capital expenditure of 34 provinces in Indonesia.  The Methodolody in this study employs panel data analysis method with fixed effect model (FEM) estimation model. Determination of samples based on panel data consisting of time series data for period 2014-2017 and cross section data of 34 Provinces in Indonesia. The data was obtained from the Central Statistics Agency and the Directorate General of Financial Balance.The results shows that (1) the degree of fiscal autonomy, regional financial dependence, and the population have a positive and significant effect on capital expenditure (2) the degree of fiscal autonomy, regional financial dependence, and the total population have simultaneous effect on capital expenditures. 

scholarly journals Effect of Government Capital Expenditure on Manufacturing Sector Output in Nigeria

2015 ◽  
Vol 5 (2) ◽  
pp. 136 ◽  
Author(s):  
Falade Olanipekun Emmanuel ◽  
Olagbaju Ifeolu Oladiran
Keyword(s):  
Time Series Data ◽  
Positive Impact ◽  
Capital Expenditure ◽  
Manufacturing Sector ◽  
Government Expenditure ◽  
Percent Level ◽  
Relative Effect ◽  
Series Data ◽  
Econometric Evidence ◽  
Negative Effect

<p class="ber"><span lang="EN-GB">The study investigates the relationship between government expenditure and manufacturing sector output in Nigeria. Government expenditure is disaggregated into capital and recurrent with a view to analyse the relative effect of these categories of government expenditure with emphasis on the capital component. The study employed time series data from 1970 to 2013.  Data on manufacturing sector output, capital and recurrent expenditure, nominal and real Gross Domestic Product (GDP), exchange rate and interest rate were collected from Statistical Bulletin and Annual Report and Statement of Accounts published by the Central Bank of Nigeria (CBN). Econometric evidence revealed stationarity of the variables of interest at their first difference while the Johansen cointegration approach also confirms the existence of one cointegrating relationship at 5 percent level of significance. In addition, error correction estimates revealed that while government capital expenditure has positive relationship with manufacturing sector output in Nigeria, recurrent expenditure exerts negative effect on manufacturing sector output. The results showed that one per cent increase in government capital expenditure resulted in an increase of 11.2 per cent in manufacturing sector output while recurrent expenditure decreases it by 26.9 per cent. This reveals that government capital expenditure has positive impact on manufacturing sector output. The study therefore suggests that larger percentage of government expenditure in the annual budget should be on capital component coupled with improved implementation of expenditure policies rather than recurrent expenditure which does not really have a significant impact on the manufacturing sector.</span></p>

scholarly journals Government Capital Expenditure and Private Sector Investment in Nigeria

2019 ◽  
Vol 6 (1) ◽  
pp. 71-82
Author(s):  
Felix Gbenga Olaifa ◽  
Oluwasegun Olawale Benjamin
Keyword(s):  
Human Capital ◽  
Private Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Unit Root Test ◽  
Private Investment ◽  
Series Data ◽  
Private Sector Investment ◽  
Integration Test ◽  
Physical Assets

This paper analyses the relationship between government capital expenditure and private investment in Nigeria using time series data spanning from 1981 to 2016. Government capital expenditure was disaggregated into different components and ADF unit root test was employed to establish the stationarity properties of the variables in the model. The result of Johanson co-integration test revealed that the variables have long run relationship. Co-integration regression results suggested that capital expenditure on physical assets and defense displaced private sector investment while government capital expenditure on human capital and public debt servicing promote private sector investment in Nigeria. Furthermore, the results of T-Y causality revealed the bidirectional causality private sector investment and government capital expenditure in Nigeria. Based on these findings, the paper recommends that government capital expenditure should be channel to human capital in order to promote private sector investment in Nigeria. In addition, the Nigerian government should pay more attention to capital expenditure on physical assets since it has a significant impact on private sector investment. Lastly, Nigeria government should address the issue of budget delay, corruption, and mismanagement in Nigerian institutions.

scholarly journals Impact of Government Expenditure on Economic Growth in Nigeria, 1970-2019

2021 ◽  
Vol 12 (No. 1) ◽  
pp. 139-174
Author(s):  
Chandana Aluthge ◽  
Adamu Jibir ◽  
Musa Abdu
Keyword(s):  
Economic Growth ◽  
Structural Breaks ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Unit Root Test ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study investigates the impact of Nigerian government expenditure (disaggregated into capital and recurrent) on economic growth using time series data for the period 1970-2019. The paper employs Autoregressive Distributed Lag (ARDL) model. To ensure robustness of results, the study accounts for structural breaks in the unit root test and the co-integration analysis. The key findings of the study are that capital expenditure has positive and significant impact on economic growth both in the short run and long run while recurrent expenditure does not have significant impact on economic growth both in the short run and long run. The study recommends that government should increase the share of the capital expenditure especially on meaningful projects that have direct bearing on the citizen’s welfare. Government should also improve the spending patterns of recurrent expenditure through careful reallocation of resources toward productive activities that would enhance human development in the country.

scholarly journals Government Expenditure and Sustainable Industrial Development in Nigeria

2021 ◽  
Vol 18 ◽  
pp. 31-41
Author(s):  
Alexander Ehimare Omankhanlen ◽  
Peace Onyedikachi Chimezie ◽  
Lawrence Uchenna Okoye
Keyword(s):  
Industrial Development ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
Value Added ◽  
Industrial Sector ◽  
Series Data ◽  
Government Revenue ◽  
Proportional Change ◽  
The Impact

The development of the industrial sector remains a contentious issue in Nigeria’s economy.This research examines the impact of Government expenditure on sustainable industrial developmentin Nigeria. The research adopted Johansen co-integration and vector error correction analysis via EViews statistical software (version 10.0) for period between 1981 and 2018, to determine long-runimpact of public finance on industrial growth in Nigeria. It used time series data extracted from CBNstatistical bulletin (2018) and WDI (2018). This research adopts Wagner’s Law named after the Germanpolitical economist Adolph Wagner (1835-1917), which best explains government expenditure andindustrialization. This research study found out that government revenue is statistically insignificantbut has a positive effect on industrial development; Manufacturing Value added as a proxy (MVA), a100% change in GREV will bring about 28% changes in manufacturing output, capital expenditure ishowever statistically significant and negatively impacts industrial output, a change in CEXP will yieldless than a proportional change in MVA by about 52%, recurrent expenditure positively affectsindustrial growth, although its influence is statistically insignificant, a 100% rise in REXP will causeabout 41% increase in manufacturing sector’s growth. Also, a change in capital stock i.e. Gross FixedCapital Formation (GFCF) will lead to a significant but inelastic and less than proportional change inMVA, thereby depicting inverse relationship. Based on the findings the following conclusions weremade: Effective allocations of government revenue as well as the early release and approval of budgetproposals will have a meaningful effect on the economy, increase in sustainable investment levelalongside required equipment coupled with qualified personnel to properly manage these amenities willensure improvement of the industrial sector and finally, working incentives in form of tax incentives,promotion and salary increment should be regularly encouraged in the industrial sector in Nigeria

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