scholarly journals Public spending mechanisms and gross domestic product (GDP) growth in the agricultural sector (1970–2016): Lessons for Nigeria from agricultural policy progressions in China

2019 ◽  
Vol 44 (44) ◽  
pp. 57-72
Author(s):  
Temidayo Gabriel Apata
Keyword(s):  
Gross Domestic Product ◽  
Rural Areas ◽  
Public Expenditure ◽  
Agricultural Sector ◽  
Public Spending ◽  
Economic Restructuring ◽  
Domestic Product ◽  
Gdp Growth ◽  
Economic Stability ◽  
Policy Mechanisms

AbstractChina has pursued a sustainable path of development in line with reality for four decades. Economic restructuring started in its vast rural areas, focusing on reforms targeting income increase for rural farmers. These radical sustainable policies that China’s political leaders imbibed were not embraced by Nigeria’s past leaders and these resulted in the bane of underdevelopment. The study examines the level and composition of the drivers of public-spending policy mechanisms that contribute to gross domestic product (GDP) growth in the agricultural sector in China and Nigeria and draws up a model of Chinese development for Nigeria. Secondary data was used and were sourced from FAOSTAT and International Monetary Fund’s Government-Finance Statistics (various issues) from 1970–2016. Random-effects model results revealed that the policy of public-expenditure (PUEXP) and intervention (INTEV) variables were significant but negative, while enterprise-development (ENTDEV), drivers of development (DRIVERS) and Dummy D1t (modest public-expenditure access) were significant and positive for Nigeria. Three variables were significant and positive. The dummies D1t and D2t (macro-economic stability) were positive and significant for China. Public-expenditure and GDP growth has an inverse relationship in Nigeria, but a direct relationship in China. In Nigeria, PUEXP coefficient is ˗0.6810 and 0.8902 for China. Hence, macro-economic stability, enhanced market mechanisms and economic progress resulted in China and hereby lessons are drawn for Nigeria. Public leaders are responsible for governing the market in a manner that induces businesses to produce public value. However, if public-policy mechanisms are not well-designed to fit the economy’s needs it could significantly influence the economy in a negative way, and the society bears the costs.

scholarly journals EFECTOS DEL GASTO PÚBLICO EN EL PIB EN LOS ESTADOS DE MÉXICO, 1999-2014

2018 ◽  
Vol 77 (305) ◽  
pp. 74
Author(s):  
Miguel Ángel Díaz Carreño ◽  
Pablo Mejía Reyes ◽  
Marlen R. Reyes Hernández ◽  
Ana Desiderio de la Cruz
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Quantile Regression ◽  
Public Expenditure ◽  
Public Spending ◽  
Domestic Product ◽  
The Public ◽  
Sobre Todo

<p align="center"><strong>RESUMEN</strong></p><div>El objetivo de esta investigación es analizar el efecto del gasto público en el producto interno bruto (PIB) a nivel estatal en México. El periodo de estudio abarca de 1999 a 2014 y empleamos un modelo  de regresión cuantílica para explicar dichos efectos. Encontramos que el gasto público total ha sido relevante en la explicación del crecimiento económico estatal, sobre todo en aquellos estados más grandes del país. En estos casos el coeficiente resultó positivo y significativo. Por otra parte, el gasto público realizado en infraestructura resultó no significativo en la explicación del pib tanto en el caso de los estados grandes como en los pequeños.</div><div> </div><div><p align="center">EFFECTS OF PUBLIC SPENDING ON THE GDP IN THE STATES OF MEXICO, 1999-2014</p><p align="center"> <strong> </strong><strong>ABSTRACT</strong></p></div><p>The objective of this paper is to analyze the effects of public expenditure on Gross Domestic Product (GDP) over the period 1999-2014 for the Mexican states. By using a quantile regression, it is found that total public expenditure has been relevant in the explanation of economic growth, mainly in the case of the largest states with positive and significant effects. On the contrary, the public expenditure associated to infrastructure seems to have not contributed to economic growth of the states of any size.</p><p> </p>

scholarly journals A STUDY ON DYNAMICS OF INDIA'S GROSS DOMESTIC PRODUCT FOR 2014-2019

2020 ◽  
Vol 4 (1) ◽  
pp. 36-49
Author(s):  
Mohammed Aslam Khan
Keyword(s):  
Gross Domestic Product ◽  
Agricultural Sector ◽  
Secondary Data ◽  
Sustainable Growth ◽  
Domestic Product ◽  
Gdp Growth ◽  
Agriculture Industry ◽  
Reserve Bank ◽  
The World ◽  
The Government

Background: The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It reflects the total market value of all finished products and services produced over a specific period within a country. GDP is presented as a comparison to the previous quarter or year and is considered the benchmark for the economy's size. India is emerging as one of the fastest-growing economies in the world and is expected to rank among the top three economic powers of the world over the next 15-20 years, supported by its stable democracy, population growth, and partnerships.Purpose: The purpose of this paper was to study the dynamics of the Indian economy's GDP growth for the period of 2014 to 2019. The present study tried to understand the trend, contribution, and structure of the various sectors such as agriculture, industry, and services in India's GDP growth.Methodology: The research methodology used in this paper was quantitative since this method can be used to analyze nearly infinite numbers of phenomena. The study used secondary data for the period 2014 to 2019. Data was collected from the Economic Survey of India and Reserve bank of India bulletins. Descriptive and inferential data analysis techniques were employed.Findings: The study of GDP growth between 2014-2019 and sectoral level analysis shows interesting facts that India will reach a $5 Trillion GDP mark by 2024-25 at current prices.Unique contribution to theory, practice, and policy: This paper intended to make policy recommendations that can help India's long-term sustainable growth. The study recommended strategies such as increasing public finance in the agricultural sector and strengthening the integrated public transport projects to the government to maintain stable economic growth to achieve a $5 Trillion economy. This paper will increase the economic researcher's awareness and position it in the library of an institution of higher education

Analyzing and management of health care expenditure and gross domestic product (GDP) growth rate by adaptive neuro-fuzzy technique

2016 ◽  
Vol 64 ◽  
pp. 524-530 ◽  
Author(s):  
Igor Mladenović ◽  
Miloš Milovančević ◽  
Svetlana Sokolov Mladenović ◽  
Vladislav Marjanović ◽  
Biljana Petković
Keyword(s):  
Health Care ◽  
Growth Rate ◽  
Gross Domestic Product ◽  
Health Care Expenditure ◽  
Domestic Product ◽  
Gdp Growth ◽  
Gdp Growth Rate ◽  
Neuro Fuzzy

scholarly journals Geographical Indication and Regional Development: Cause or Consequence

2019 ◽  
Vol 11 (3) ◽  
pp. 535
Author(s):  
Alan Malacarne ◽  
Liaria Nunes da Silva ◽  
Camila Souza Vieira ◽  
Ricardo Fontes Macedo ◽  
Andreia Malacarne ◽  
...  
Keyword(s):  
Gross Domestic Product ◽  
Regional Development ◽  
Agricultural Sector ◽  
Intrinsic Value ◽  
Domestic Product ◽  
Geographical Indication ◽  
Starting Point ◽  
Per Capita

The Geographical Indication is an instrument of protection to products and services that have intrinsic value. The cities of Bento Gon&ccedil;alves, Flores da Cunha, Monte Belo do Sul, Farroupilha, Paraty, Urussanga, Salinas and Aba&iacute;ra are highlights in the Brazilian agricultural sector. These regions have territorial demarcations with a Geographical Indication certification, where the producers live in the same region and can sell their own products with this seal of quality. An analysis has as a starting point the following study problem: Is the success of the implementation of a Geographical Indication linked to the development of the region? The results showed that only the Gross Domestic Product per capita is not sufficient to prove a record of Geographic Indication was actually implemented successfully in a certain region or not, however it can be observed that in the developed regions the trend is much higher.

scholarly journals Tingkat Bagi Hasil, Pertumbuhan Likuiditas, dan Produk Domestik Bruto Terhadap Simpanan Mudharabah

2017 ◽  
Vol 1 (1) ◽  
pp. 15-25
Author(s):  
Ismayana Marhamah
Keyword(s):  
Gross Domestic Product ◽  
Hypothesis Testing ◽  
Hypothesis Test ◽  
Profit Sharing ◽  
T Test ◽  
Domestic Product ◽  
Gdp Growth ◽  
Islamic Banks ◽  
Independent Variable ◽  
Test Result

This study aims to determine the effect of profit sharing growth, liquidity growth, gross domestic product (GDP) growth, of mudharabah saving growth in general islamic banks. The variables studied are the influence of profit sharing rate, liquidity growth, gross domestic product (GDP) growth as independent variable and mudharabah saving growth as dependent variable. The population in this study are sharia islamic banks registered in Bank Indonesia (BI) and the amount of gross domestic productquarter-year period 2012-2016.The result of hypothesis testing (t test) shows that the profit sharing growth and gross domestic product partially has significant effect to mudharabah saving growth. Then the test result of liquidity growth partially has no effect and not significant to mudharabah saving growth. The results of simultaneous hypothesis test (test F), show that all independent variabels in this study has significant effect to mudharabah saving growth.

scholarly journals Toolkit for Strategic Analysis of the Agricultural Sector Development in a Market Environment

2020 ◽  
pp. 107-113
Author(s):  
Nataliia Sirenko ◽  
◽  
Kateryna Mikulyak ◽  
Keyword(s):  
Gross Domestic Product ◽  
Balanced Scorecard ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Innovation Policy ◽  
Fund Raising ◽  
Domestic Product ◽  
Strategic Analysis ◽  
Market Environment ◽  
State Support

The rapid deployment of global globalization processes, the intensification of competition, the active advancement of Ukraine on the path of European integration have a decisive influence on the economic and social development of the agricultural sector. The purpose of the article is to substantiate the toolkit for strategic analysis of the of Ukraine's agricultural sector development in a market environment. Strategic analysis tools with the use of balanced scorecard, PEST analysis and economic and mathematical modeling have been defined. The tools included in the system of balanced indices (investment return, fund return, fund-raising and productivity in agriculture) were analyzed and the state of development of the agricultural sector was assessed. Opportunities and threats to the development of the agrarian sector are identified by means of PEST analysis (political, economic, social and technological factors) with the use of expert assessments and the model of influence of factors (volume of capital investments, amount of expenditures of general and special fund and indirect state support) on the key indicator of development is the volume of agrarian gross domestic product. It was established that the volume of agrarian gross domestic product is most influenced by the amount of indirect state support (due to the special VAT regime of activity in the field of agriculture, forestry and fisheries, as well as fisheries and at the expense of a fixed agricultural tax (of the fourth group single tax)). The strategic guidelines for the development of the agricultural sector in the market environment are regulations that successfully combine the key principles of financial and innovation policy for material support and modernization of agricultural production. Adoption of such documents will have a positive impact on agricultural GDP growth as a strategic development goal of agricultural sector.

scholarly journals Dampak output GDP sektor pertanian terhadap masalah pembangunan ekonomi di Indonesia (kemiskinan dan pengangguran)

2018 ◽  
Vol 13 (1) ◽  
pp. 22-28
Author(s):  
Candra Mustika ◽  
Emilia Emilia
Keyword(s):  
Gross Domestic Product ◽  
Agricultural Sector ◽  
Domestic Product ◽  
Unemployed People ◽  
Average Value

This study aims to analyze the development of agricultural GDP output and poverty and unemployment during the period 1993 – 2014 and analyze the effect of the GDP Output of the agricultural sector on the level of poverty and unemployment in Indonesia in that period. The results showed that during the period of 1993-2014 the data on gross domestic product (GDP) originating from the agricultural sector continued to fluctuate in the increase and decrease, the average GDP value of the agricultural sector is 496.9 trillion with an average value of 17%. The regression results in the first model show that agricultural sector GDP does not have a significant effect on poverty and the regression results in the second model show that agricultural GDP does not have a significant effect on the number of unemployed people in Indonesia  

scholarly journals Selected Macroeconomic Variables and Agricultural Sector in Nigeria

2021 ◽  
Vol 7 (06) ◽  
Author(s):  
James Ese Ighoroje ◽  
Catherine, Ogheneovo Orife
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Money Supply ◽  
Agricultural Sector ◽  
Least Square ◽  
Domestic Product ◽  
Agricultural Output ◽  
Macroeconomic Variables ◽  
Ex Post

The study investigated effect of selected macroeconomic variables on agricultural sector output in Nigeria from 1987 - 2019. Annual Agricultural Output (AAO) represented the dependent variable for the study while gross domestic product, interest rate, money supply, and exchange rate represented the explanatory variables. Ex-post factor research design was employed for the study. Augmented Dickey Fuller Unit Roots test and Ordinary Least Square (OLS) Regression techniques were used to analyze data collected. The empirical investigation showed that gross domestic product as well as money supply has a positive and significant effect on agricultural output, while interest rate and exchange rate exerted a negative and insignificant effect on agricultural output. From the study, selected macroeconomic variables have positive effect on agricultural output in Nigeria and this has tremendously contributed to the country's growth and development. The study recommends amongst other; that government should accelerate the rate of economic growth by investing heavily on the agricultural sector so as to boost domestic production and enhance exportation in order to stabilize exchange rate while curbing inflation; give incentives to banks extending agricultural loans by lowering the lending rate on agricultural loans to ease access to funds for agricultural investment.

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