scholarly journals The Causal Link Between Savings and Economic Growth in Bosnia and Herzegovina

2021 ◽  
Vol 16 (2) ◽  
pp. 114-131
Author(s):  
Irma Đidelija
Keyword(s):  
Economic Growth ◽  
Bosnia And Herzegovina ◽  
Growth And Development ◽  
Causal Link ◽  
Causality Test ◽  
Economic Growth And Development ◽  
Stochastic Trend ◽  
Private Savings ◽  
Development Literature

Abstract The causal link between savings and economic growth has been extensively discussed in the economic growth and development literature, but the question of the direction of this link has not yet been clearly defined. The aim of this paper is to determine the direction and intensity of savings causality (components of private savings) and economic growth in Bosnia and Herzegovina. Granger’s causality test, the Toda-Yamamoto procedure, was applied to test for causality between savings and economic growth. The results of Granger’s causality test indicated that there is no causal link between components of private savings with economic growth in Bosnia and Herzegovina. It was found that among the variables there is cointegration, but not causality, which means that the variables have a common stochastic trend. This fully corresponds to the characteristics of the Bosnia and Herzegovina’s economy.

scholarly journals Government Expenditure and Economic Growth: Evidence from the Nigeria Economy (1981 – 2016)

2019 ◽  
pp. 1-14
Author(s):  
Sarah Elechi Jeff-Anyeneh ◽  
Steve Nkem Ibenta
Keyword(s):  
Economic Growth ◽  
Federal Government ◽  
Growth And Development ◽  
Capital Expenditure ◽  
Empirical Studies ◽  
Government Expenditure ◽  
Secondary Data ◽  
Total Expenditure ◽  
Causality Test ◽  
Economic Growth And Development

The effect of government expenditure on economic growth in Nigeria for a period of thirty-six (36) years that is, from 1981 to 2016 was the focus of this study. This study was inspired by two leading controversial issues in theoretical literature and empirical studies regarding the effect of government expenditure on economic growth for emerging economies. First, within the theoretical claim, Keynesian school of thoughts assert the presence of positive linkage between government expenditure and economic growth and development, while neoclassical economists refute this assertion and posited a negative association between government expenditure and economic growth and development. Identifying the side of these two arguments that is akin to all economies remains a puzzle among scholars as validation of either theory across the globe is still in vain. Secondly, the direction of relationship/causality between government expenditure and economic growth and development over the years is still not clear, especially for developing countries. Specifically, this study ascertained the effect of government recurrent and capital expenditure on the growth rate of real gross domestic product. We applied the Autoregressive Distributive Lag (ARDL) Co-integration and Granger causality test using secondary data from the Central Bank of Nigeria. We found that Nigeria’s economic growth is independent/not affected by government recurrent and capital expenditure. We are of the opinion that the Federal Government through its appointed ministers in collaboration with the legislature review the composition of Federal Government of Nigeria total expenditure by ensuring that capital expenditure takes at least 50% of annual total expenditure. Measures such as reducing foreign training and bogus allowances for political office holders should be tailored towards reducing government consumption expenditures.

scholarly journals Community Development and Local Social Capital

2010 ◽  
Vol 42 (1) ◽  
pp. 143-159 ◽  
Author(s):  
Jeffrey L. Jordan ◽  
Bulent Anil ◽  
Abdul Munasib
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Community Development ◽  
Human Development Index ◽  
Growth And Development ◽  
Local Economic Development ◽  
The State ◽  
Measurement Tool ◽  
Economic Growth And Development ◽  
Geographical Clusters

While a substantial amount of research has been devoted to showing what social capital does, research explaining social capital itself lags behind. The literature has a long tradition of examining the effect of social capital on local economic growth and development. In this paper we examine whether local economic development can explain the variation in social capital across various geographical clusters in the state of Georgia. We begin by devising a measurement tool, a Human Development Index (HDI), to measure community development. Our social capital measure includes associational memberships, voluntary activities, and philanthropy obtained from the Georgia Social Capital Survey. The findings show that even after accounting for various demographic and economic characteristics, the HDI explains the variation in a number of social capital levels (especially those measured by associational involvement) across various geographical clusters in the state of Georgia.

Inducing Technological Change for Economic Growth and Development.

Economica ◽  
1974 ◽  
Vol 41 (162) ◽  
pp. 232
Author(s):  
V. N. Balasubramanyam ◽  
Robert A. Solo ◽  
Everett M. Rogers
Keyword(s):  
Economic Growth ◽  
Technological Change ◽  
Growth And Development ◽  
Economic Growth And Development
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