scholarly journals Local Contributions of Forests to Economic Growth of Peru: A Case of Pinus radiata Plantations

ECONOMICS ◽  
2018 ◽  
Vol 6 (1) ◽  
pp. 17-31
Author(s):  
Nadia Nora Urriola Canchari ◽  
Pradeep Baral ◽  
Lanhui Wang
Keyword(s):  
Economic Growth ◽  
Pinus Radiata ◽  
National Economy ◽  
Time Series Data ◽  
Developing Economies ◽  
Value Added ◽  
Local Economy ◽  
Series Data ◽  
Forestry Sector ◽  
Cash Benefits

SUMMARY The economic contributions from forestry sector remain relatively important in all developing economies. Over the past few decades, value added in the forestry sector of these economies has gradually increased. Consequently, the need for a detailed and accurate assessment of the economic contribution of the sector has grown in order to gain the attention of the policy makers and to highlight its importance in poverty alleviation and sustainable development. Contrarily, In Peru, forestry sector continues to be left behind due to faster growth in other sectors of economy. Despite having considerable forest resources, the full extent of economic contributions of the forestry sector to local as well as the national economy is still poorly understood. Sparsity of up-to-date data on value added in the forestry sector and a general disregard to any forests other than Amazonian rainforests have compounded the already existing situation. In this context, this paper aimed at making an empirical analysis of the direct contributions of the forestry sector to the local economy of Peru in the short run using an annual time series data from 2007 to 2016. The Pinus radiata plantation forests of the Department of Ayacucho located in the Southern Peruvian Andes served as a case for this study. The results revealed nominal but significant contributions of the Pinus radiata forests to the economic growth of the Department of Ayacucho. As our study was limited only to direct cash benefits, future studies should also take into account informal and non-cash benefits in order to fully apprehend the economic contributions of the forestry sector to local and national economy.

scholarly journals Potential Tax Reforms and Kuwait Economic Growth

2019 ◽  
pp. 42-48
Author(s):  
K. Lawler ◽  
F. Ali Al-Sayegh
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Value Added ◽  
Least Square ◽  
Series Data ◽  
Tax Reforms ◽  
Tax Revenues ◽  
Oil Revenue ◽  
The Impact

The objective of this study is to identify whether tax reforms are viable in Kuwait in order to create more government income from sources other than oil. The study examines the relationship between the changes in tax revenues, changes in oil revenue and changes in GDP in Kuwait using time series data from 1998 to 2015. The Augmented Dickey-Fuller (ADF) is used to check for the existence of a unit root. The cointegration test is applied to test for long term relationships between variables using the General Least Square (GLS) method of estimation. The results of the tests find that the impact of changes in tax revenues on changes in the GDP of Kuwait is insignificant. Therefore, Kuwait’s government could rationally implement tax reforms to have incremental sources of income other than oil revenue. Moreover, it is argued that the government might consider implementing broad based consumption taxes and value added taxes into the tax structure Kuwait, and to invest the revenues from those taxes in productive policies, to induce long term economic growth.

Financial development and economic growth in Tanzania: an ARDL and bound testing approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Saganga Mussa Kapaya
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Developing Economies ◽  
Financial System ◽  
Principal Component ◽  
Series Data ◽  
Content Type ◽  
Testing Procedures ◽  
Positive Effects

Purpose The purpose of this study is to empirically weigh the evidence for financial depth, liquidity and efficiency role to economic growth, and test for the existence of cointegration between financial development variables and economic growth in Tanzania. Design/methodology/approach The study used the autoregressive distributed lag model with bound testing procedures. The sample covered yearly time-series data from 1980 to 2017, i.e. 38 years. Findings The results suggest that financial system depth is positively related to economic growth in the short run and that financial system liquidity and efficiency is strongly negatively associated with economic growth both in the short and long run. Further, it is found that financial development is cointegrated with economic growth. Thus, financial reforms and liberalisation have not fully brought the desired positive effects on economic growth yet. Originality/value The study uses principal component analysis to capture specific dimensions within the financial system as an intuitive way to aggregate financial development effects. Unlike studies that included several countries with heterogeneous characteristics, which are sometimes difficulty to homogenise, in recognition of countries’ unique experiences, this study uses data from Tanzania as a specific case. It documents pertinent pieces of evidence for a developing economy necessary for financial policy adjustments post the financial and economic liberalisation and reforms period. It nevertheless sheds light on financial policies for other comparable developing economies during and after both financial and economic liberalisation settings.

scholarly journals TREND ANALYSIS OF TECHNOLOGICAL AND AGRICULTURAL ECONOMIC GROWTH IN NEPAL

2020 ◽  
Vol 2 (1) ◽  
pp. 28-30
Author(s):  
Ritesh Kumar Jha ◽  
Shiva Chandra Dhakal
Keyword(s):  
Economic Growth ◽  
Large Scale ◽  
Time Series Data ◽  
Value Added ◽  
Series Data ◽  
Soil Conditions ◽  
Technological Innovations ◽  
Positive Trend ◽  
Agricultural Technologies ◽  
Potential Productivity

The trend of agricultural technologies and agricultural value-added growth based on time series data of Nepal over the period 2001–2018 has been examined in this paper. The technological progress plays a major role in enhancing the potential productivity of land and affecting the economic growth positively. The results indicated that there are some benefits from the utilization of a system of technological innovations including mechanization. It was found that technological innovations pertaining to soil conditions, irrigation systems and chemical fertilizers might be beneficial to agricultural production growth in the long-term when they are managed in accordance with soil characteristics and in a balanced way. Thus, it is recommended that Nepal makes a large scale investment in agriculture and carry on renewal at opportune moments so as to keep steady the positive trend of the agricultural growth over the years. The investment may be in terms of mechanized technologies, supporting infrastructure and appropriating the knowledge relating to their management; and adopting new farming technologies and practices involving crop rotation, multi-cropping and agro-forestry so as to sustain the growth of agricultural value added.

scholarly journals ANALYSIS OF SUPERIOR CROPS LOCATION IN EAST JAVA, INDONESIA

2021 ◽  
Vol 21 (1) ◽  
pp. 51-58
Author(s):  
Hanifatus Sahro ◽  
S Chen ◽  
S Sujarwo
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Growth Patterns ◽  
Regional Economic Growth ◽  
Series Data ◽  
Green Beans ◽  
Location Quotient ◽  
Regional Economic

Regional development is an important aspect in improving the regional economy, and its relationship with the national economy. East Java Province is one of the regions with the most potential agricultural sector and is the highest national granary area in Indonesia. Maximizing the potential of the resources owned by East Java will accelerate the development process and increase the regional and national economy. For the economic growth,this study aims to examine the crops performance to estimate the pattern of regional economic growth in East Java. The time series data of East Java Central Bureau of Statistics from2008 to 2017 are adopted. The location quotient analysis and shift-share analysis with three indicators, namely regional economic growth, proportional shift growth, and differential shift, are used.The results showed that crops such as corn, green beans, peanuts, soybeans, rice, sweet potatoes, and cassava in 29 districts and 9 cities of East Java have crucial performance and economic growth patterns. As the results, to consider and identify priority policy plans to accelerate regional economic development and growth are suggested.

scholarly journals Analisis Potensi Ekonomi Pada Sektor Dan Subsektor Pertanian, Kehutanan Dan Perikanan Di Kabupaten Tambrauw Tahun 2013 -2017

2019 ◽  
Vol 2 (2) ◽  
pp. 17-25
Author(s):  
Sisilia Maria Parinusa
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Competitive Advantage ◽  
Time Series Data ◽  
Research Result ◽  
Value Added ◽  
Series Data ◽  
Gdp Growth ◽  
Reference Area ◽  
Location Quotient

Agriculture, forestry and fishery sector has an important role in generating the economic growth in Tambrauw Regency. It can be seen from the amount of its contribution to the gross value added which is more that 33 percent. The aim of this study is to identify and analyse the potential subsector of agriculture, forestry and fisheries sector in Tambrauw Regency. By using Location Quotient (LQ) Method and Shift Share analysis and supported by a time series data of GDP growth between the study area and reference area in the recent five years the potential subsectors can be determined. The research result reveals that food plant, horticulture group and forestry and logging subsector are the potential subsectors to promote the regional income due to their location quotient greater than 1 and have positive competitive advantage values.

scholarly journals An Evaluation of the Determinants of Remittances: Evidence from Nigeria

2015 ◽  
Vol 1 (2) ◽  
Author(s):  
Temitope Laniran ◽  
◽  
Daniel Adeniyi
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Capital Accumulation ◽  
Time Series Data ◽  
Developing Economies ◽  
Growth Models ◽  
Series Data ◽  
Macroeconomic Factors ◽  
Financial Flows ◽  
High Level

International remittances have grown to become an integral source of finance for development. Existing literature posits that there is an association between remittances and growth in developing countries. Economic growth models highlight the importance of capital accumulation and high level financial flows, the inadequacy of which characterizes developing countries and often explains their fate. It is argued that remittances will provide a panacea to the serious poverty experienced in such developing economies by increasing financial flows and household income, which in turn stimulates consumption, savings, economic growth and ultimately development. The robustness of this relationship is, however, often questioned. Indeed, the propensity of remittances to achieve these aspirations very much hinges on the determining factors motivating the remitters and the magnitude of the remittances. Hence, given the significant flows of remittances to the developing countries, this study attempts an analysis of the determinants of remittances to Nigeria. Key macroeconomic variables with theoretical potentials of influencing the level of remittances received were subjected to econometric model testing using time series data from 1980 to 2013. The results indicate that the level of remittances received is more a function of portfolio motives than other macroeconomic factors.

scholarly journals Infrastructures Development, Environmental Quality and Economic Growth in Nigeria

2021 ◽  
pp. 097493062110584
Author(s):  
Ademola E. Ojo ◽  
Ditimi Amassoma
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Environmental Quality ◽  
Time Series Data ◽  
Human Life ◽  
Value Added ◽  
Green Economy ◽  
Series Data ◽  
Long Run ◽  
Bound Test

The Earth as a planet supports human life, living and activities, attracting extensive and intensive socioeconomic influences on the economy. Such activities like infrastructures development exerts increasing and divers environmental quality concerns and hence the economic growth. While these variables appear interrelated due to many factors including population growth, urbanisation, etc. However, the relationship between infrastructures, environment and economic growth is not largely known especially in Nigeria. This study therefore investigated their relationship using time series data between 1990 and 2019 by adopting Co-integration estimation technique through the Bound test approach of auto regressive distributive lag method using percentage share of building and construction sector of gross domestic product (GDP), carbon dioxide, population growth GDP growth rate, etc. as variables. The study revealed that the infrastructures development and environmental quality explain economic growth and have both short and long run relationships while specifically population growth and agriculture, forestry, fishing, value added variables are positively significant to economic growth. The findings evidences of both short and long run relationships among the variables are significant and it is consequently recommended that new roles for infrastructure sets and production processes should consider environmental quality mindsets to achieve positive green economy outcomes in Nigeria. JEL Classification: O18, O44, Q5

scholarly journals ECONOMIC GROWTH AND EMPLOYMENT IN AGRICULTURAL SECTOR ON POVERTY IN ACEH PROVINCE

TRIKONOMIKA ◽  
2019 ◽  
Vol 18 (1) ◽  
pp. 1
Author(s):  
Reovasimulo Anakusara ◽  
Abd Jamal ◽  
Chenny Seftarita ◽  
Indra Maipita
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Negative Impact ◽  
Value Added ◽  
Poverty Rate ◽  
Series Data ◽  
Aceh Province ◽  
The Government ◽  
The Impact

This empirical study aims to analyze the impact of economic growth and employment in the agricultural sector on poverty in Aceh Province. The study is conducted on annual time series data for the period of 1995-2017 while to explain the research objectives used Autoregressive Distributed Lag (ARDL) model and Granger Causality. The results found, in the short term, only employment in the agricultural sector has a significant effect on poverty. Meanwhile, in the long term, economic growth has a profound and negative impact on poverty. On the contrary, the absorption of labor in the agricultural sector tends to increase poverty. In addition, the results obtained that economic growth has a unidirectional relationship with employment in the agricultural sector. It was, therefore, suggested that the government should prioritize economic development in regions that have relatively high poverty rate and build an agro-industry in Aceh to increase agricultural value added and also absorb more labor so it can enable to reduce the poverty rate.

Relating energy consumption to real sector value added and growth in a developing economy

2019 ◽  
Vol 13 (1) ◽  
pp. 166-182 ◽  
Author(s):  
Ebere Ume Kalu ◽  
Pius Bala Daniel ◽  
Uchenna Florence Nwafor ◽  
Chinwe R. Okoyeuzu ◽  
Okoro E.U. Okoro ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Time Series Data ◽  
Value Added ◽  
Industrial Sector ◽  
Series Data ◽  
Content Type ◽  
Development Indicators ◽  
Distributed Lag ◽  
Bound Test

Purpose The main aim of this study was to examine whether any relationship exists between energy consumption and value added of the agricultural and industrial sector as well as the overall growth rate of the Nigerian economy. Design/methodology/approach The study used annualized time series data from 1971 to 2014 drawn from the World Bank Development Indicators, adopting an autoregressive distributed lag technique in the data analyses as well as the bound test and error correction representation. Findings There is a very strong evidence of the existence of a long-run relationship between energy consumption and indicators of economic growth. There are very strong proofs that economic growth and agricultural value added adjust to the shocks and dynamics of the studied energy-consumption-related variables while manufacturing value added proved otherwise. Originality value No study to the best of our knowledge has brought together aggregate growth, agricultural value added and manufacturing value added in the investigation of the energy consumption and economic growth nexus in one study using the Nigerian stylized economic environment. This represents the value added of this study and shows its originality.

scholarly journals A Test of the McKinnon’s Complementarity Hypothesis between Money and Physical Capital in the Case of Kyrgyzstan

2011 ◽  
Author(s):  
Harun Doğan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Soviet Union ◽  
Financial Liberalization ◽  
Time Series Data ◽  
Developing Economies ◽  
Physical Capital ◽  
Series Data ◽  
Real Rate ◽  
Complementarity Hypothesis

The main purpose of this study is to empirically investigate the validity of McKinnon’s complementarity hypothesis on economic growth of Kyrgyzstan for the period of 1996–2009. McKinnon’s (1973) central thesis argues poorly functioning financial systems in developing countries may effect investment quality and growth rate of the economy in negative direction. McKinnon’s (1973) complementary hypothesis predicts that money and investment are complementary, to the contrast neoclassical and Keynesian theory, due to a self-financed investment in developing economies. In other words, according to McKinnon, financial liberalization should generate positive impacts on growth as consequence of positive relation between money and physical capital in developing countries after financial liberalization. The empirical researches conducted on complementarity hypothesis have found mixed results on the link between money and physical capital. However, empirical analysis of Kyrgyzstan’s economy is very important because of its peculiarities, it has both a trancition and developing economy, which in case of the McKinnon’s complementarity hypothesis is very essential. Thus, Kyrgyzstan, as many developing countries, have undertaken financial liberalization programs during the past twenty years after collapse of Soviet Union. Therefore, the study analyzes long run and short run association among the real rate of interest on deposits, private investments, economic growth, and domestic savings behavior in Kyrgyzstan, using annual time series data for 1996-2009 with techniques of ARDL Cointegration Error Correction Model. The results does not support the McKinnon’s complementarity hypothesis between money and physical capital on the period for 1996-2009 in the Kyrgyzstan’s Economy.

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