scholarly journals Export Concentration and Sectorial Performance: A Re-Examination of the Empirical Evidence

2018 ◽  
Vol 11 (1) ◽  
pp. 39-54
Author(s):  
Olatunji A. Shobande
Keyword(s):  
Economic Growth ◽  
Standard Deviation ◽  
Growth Performance ◽  
Empirical Evidence ◽  
Total Variation ◽  
Service Sector ◽  
Agricultural Sector ◽  
Var Model ◽  
Vector Autoregressive ◽  
Sectoral Analysis

Abstract This paper examines to what extent export concentration can be tailored towards promoting economic growth in Nigeria. A deeper understanding of the interrelationship among various sectorial units, as well as the investment channel that better stimulates the economy is the thrust of this paper. As a consequence, the study wants to answer to the question whether it “is there any linkage between export concentration, and various sectorial output share (agricultural, manufacturing, and service sector) on growth performance?”. The methodology we made use of is a Vector Autoregressive (VAR) model for the various sectoral analysis of export concentration in Nigeria. The estimated results show that export concentration has an important role to play in driving economic growth and that this role emanates from the Agricultural and manufacturing sectoral channels. These channels account for about 93 percent and over 3 percent respectively of the total variation of export concentration contribution to economic growth. The result also indicates that one standard deviation shock to export concentration results in a peak on agricultural sector quarterly after shock. As a result, the study recommends that government ought to make available incentive to the agricultural sector to further enhance the contribution of the sector to the economic growth in the Nigeria economy.

scholarly journals Openness and Economic Growth: Empirical Evidence On The Relationship Between Output, Inward FDI, and Trade

1970 ◽  
Vol 20 (1) ◽  
pp. 59-72
Author(s):  
E.M. Ekanayake ◽  
Richard Vogel ◽  
Bala Veeramacheneni
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Error Correction ◽  
Empirical Evidence ◽  
Economic Performance ◽  
Var Model ◽  
Output Level ◽  
Vector Autoregressive ◽  
Using Data ◽  
The Relationship

The relationship between openness and economic growth in developed anddeveloping countries has been of continuing interest in both the theoretical andempirical literature. In this paper. we employ a vector autoregressive (VAR)model and error correction techniques to test for the existence and nature of thecausal relationship between output level, inward FDI and exports across across-section of both developed and developing countries using data from 1960-2001.Our main objective is to analyze the extent and sources of internationallinkages between openness and economic performance. The evidence supportshi-directional causality between exports growth and economic growth; the economicgrowth and FDI relationship has mixed results.

scholarly journals Sectoral Analysis of Employment Intensity of Growth in Nigeria

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Rasaki Dauda ◽  
Omowumi Ajeigbe
Keyword(s):  
Service Sector ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Development Indicators ◽  
Sectoral Analysis ◽  
Industrial Sectors ◽  
Agriculture Industry ◽  
Service Sectors ◽  
Employment Generation ◽  
World Development

This study assessed employment intensity of growth (EIG) in the agriculture, industry and service sectors in Nigeria from 1991 to 2019 within the context of Okun’s theory/law. Data from the 2020 World Development Indicators were employed for analysis, using elasticity procedure after decomposing the scope into different periods and regimes. The findings showed negative EIG in the agriculture and industrial sectors while the service sector returned positive EIG. Therefore, government should invest significantly in the service sector while the agricultural sector should be mechanized to boost output and supply of raw materials to industries to enhance employment generation.

scholarly journals The Trivariate Causality among Education, Health, and Economic Growth in Zimbabwe

2020 ◽  
Vol 12 (4) ◽  
pp. 1357
Author(s):  
Michael Takudzwa Pasara ◽  
Tapiwa Kelvin Mutambirwa ◽  
Nolutho Diko
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Transmission Mechanism ◽  
Feedback Effect ◽  
Health Policies ◽  
Var Model ◽  
Vector Autoregressive ◽  
Education And Health ◽  
Causality Tests ◽  
Granger Causality Tests

This study investigated the causality among education, health, and economic growth in Zimbabwe. Causality effects are a thinly explored area in literature, with most studies focusing on bidirectional relationships. Granger causality tests were employed in a Vector autoregressive (VAR) model. Results showed that education Granger causes health improvements, with health improvements in turn fairly associating to Granger cause economic growth in Zimbabwe. Thus, the effect of education on economic growth is not direct, but works through improved health, pointing to the conclusion that health is a transmission mechanism through which education drives economic growth. No feedback effect was established from health to education and from economic growth to education and health. Thus, results suggest the need for a holistic policy approach which integrates education and health policies in a bid to drive economic growth, since education has no effect on economic growth in its own domain, but through health.

scholarly journals DO MACROECONOMIC CONDITIONS MATTER FOR AGRICULTURE? THE INDIAN EXPERIENCE

2010 ◽  
Vol 55 (04) ◽  
pp. 647-670
Author(s):  
SHASHANKA BHIDE ◽  
B. P. VANI ◽  
MEENAKSHI RAJEEV
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Autoregressive Model ◽  
Agricultural Sector ◽  
Vector Autoregressive Model ◽  
Macroeconomic Shocks ◽  
Vector Autoregressive ◽  
Macroeconomic Conditions ◽  
Indian Experience ◽  
High Inflation

Macroeconomic instability, characterised by high inflation, fragile foreign exchange positions and high rates of interest, increases uncertainty and hence slows down economic growth. While this is generally accepted, the usual perception about the agricultural sector, particularly in India, is that it is immune to general macroeconomic shocks. In this paper, we examine this perception using a vector autoregressive model. The findings show that the agricultural sector is not insulated from macroeconomic shocks.

scholarly journals PENGARUH HARGA MINYAK DUNIA TERHADAP PERTUMBUHAN EKONOMI, INFLASI, DAN PENGANGGURAN DI INDONESIA

2020 ◽  
Vol 7 (1) ◽  
pp. 13-24
Author(s):  
Sodik Dwi Purnomo ◽  
Istiqomah Istiqomah ◽  
Lilis Siti Badriah
Keyword(s):  
Economic Growth ◽  
Data Analysis ◽  
Standard Deviation ◽  
Inflation Rate ◽  
Vector Autoregression ◽  
Oil Prices ◽  
Positive Influence ◽  
Oil Price ◽  
Vector Autoregressive ◽  
Analysis Technique

The purpose of this research is to analyze the influence of oil prices fluctuations to Indonesia macroeconomics that is economic growth, inflation, and unemployment from 1988 to 2018. The data analysis technique uses Vector Autoregressive (VAR). The result showed that oil price fluctuations in the amount of one standard deviation will gives a positive influence to economic growth, inflation rate, and unemployment which each has 0,001 percent, 0,001 percent, and 0,002 percent.Keyword : World Oil Prices, Economic Growth, Inflation, and Unemployment Abstrak Tujuan dari penelitian ini adalah untuk mengetahui bagaimana pengaruh fluktuasi harga minyak dunia terhadap variabel makroekonomi Indonesia yaitu pertumbuhan ekonomi, inflasi, dan angka pengangguran dari tahun 1988 sampai dengan 2018. Teknik analisis data menggunaan Vector Autoregression (VAR). Hasil analisis menunjukkan bahwa guncangan yang terjadi pada fluktuasi harga minyak dunia sebesar satu standar deviasi akan memberikan pengaruh positif terhadap pertumbuhan ekonomi, inflasi serta pengangguran yaitu masing-masing sebesar 0,001 persen, 0,001 persen, dan 0,002 persen.Kata Kunci : Harga Minyak Dunia, Pertumbuhan Ekonomi, Inflasi, dan Pengangguran

scholarly journals The nexus between consumption of biofuels and economic growth: An empirical evidence from Brazil

2018 ◽  
Vol 12 (35) ◽  
pp. 87-98
Author(s):  
Matheus Koengkan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Environmental Degradation ◽  
Unit Root ◽  
Renewable Energy Sources ◽  
Var Model ◽  
Energy Sources ◽  
Energy Matrix ◽  
Vector Autoregressive ◽  
Bidirectional Relationship

This study investigates the nexus between consumption of biofuels and economic growth in Brazil during the period of 1990 to 2015. The vector autoregressive (VAR) was applied. The preliminary tests proved the presence of multicollinearity and the existence of unit root in the variables. The results of VAR model indicated the existence of a bidirectional relationship between consumption of biofuels and economic growth, consumption of oil and economic growth, and consumption of biofuels and oil. These results are an opportunity to the policies makers change the energy matrix with the introduction of more renewable energy sources in order to reduce the environmental degradation. 

scholarly journals ANALISIS SOSIAL EKONOMI TERHADAP PENGANGGURAN MUDA DI SUMATERA BARAT

2018 ◽  
Vol 7 (2) ◽  
pp. 89
Author(s):  
Suci Mutiadanu ◽  
Melti Roza Adry ◽  
Dewi Zaini Putri
Keyword(s):  
Economic Growth ◽  
Marital Status ◽  
Service Sector ◽  
Agricultural Sector ◽  
Secondary Data ◽  
Youth Unemployment ◽  
Level Of Education ◽  
Section Data ◽  
Descriptive Research ◽  
West Sumatra

The research aims to determine the effect of  gender, marital status, level of education, economic growth, agricultural sector, trade sector, and services to the dependent variable of youth unemployment in West Sumatra. The type of this research is descriptive research, where the data used is secondary data in the form of cross-section data with national workforce survey data 2015. By using logistic regression analysis method, the results of this study indicate that Gender has positive and significant effect on youth unemployment in West Sumatra, Marital status has a negative and significant effect on youth unemployment in West Sumatra, Level of education has positive and significant effect on youth unemployment in West Sumatra, Economic growth hasnegative and significant effect on youth unemployment in West Sumatra, Agricultural sector has a negative and significant effect on youth unemployment in West Sumatra, Trading sector has a negative and significant effect on youth unemployment in West Sumatra, and Service sector has a negative and significant effect on youth unemployment in West Sumatera.

scholarly journals THE ANALYSIS OF ECONOMIC POTENTIAL IN NORTH SUMATERA PROVINCE

2019 ◽  
Vol 8 (2) ◽  
pp. 1
Author(s):  
Ahmad Habibi Harahap ◽  
Eko Wahyu Nugrahadi
Keyword(s):  
Economic Growth ◽  
Structural Transformation ◽  
Service Sector ◽  
Agricultural Sector ◽  
Economic Sectors ◽  
Growth Ratio ◽  
Services Sector ◽  
Agriculture Sector ◽  
The North

Economic growth of North Sumatera Province is not quite on the top of optimum. If the compared by some of others province in Indonesia and by  all of his potention, the North Sumatera Province only on the 10th rank of economic growth in Indonesia in 2009-2013 period. The purpose of this study is toanalyze the economic sectors which are the basis in each district/city in North Sumatera province and to determine the structure of economic growth in the district /city both sectoral and aggregate the province of North Sumatera. Structural transformation to some extent will have an impact on overall economic growth. Analysis tools used in this study is Location Quetiont (LQ), Growth Ratio Model (MRP), overlay analysis, and shift share analysis. Results of this study showed that the agriculture sector is a sector which is the basis in nearly 13 districts/cities in North Sumatera Province. But the growth in agriculture, processing industries, mining and quarrying, and the electricity, gas & water supply sector likely slowed, otherwise all tertiary sectors which include: trade, hotels, and restaurants; transportation and communication, finance, leasing, and services company, and the services sector is likely to experience growth positive. Transportation and communication is a sector with the highest growth occurring in North Sumatera Province. Shift Share Analysis results showed that in the Province of North Sumatera is going structural transformation characterized by decreasing the role of the agricultural sector, and the increasing role of the service sector. This condition as well as contrary to the Kuznets theory which states that the process of structural transformation contribution marked by shifting agriculture to manufacturing and then to services sector.

scholarly journals Transformasi Struktural di Jawa Timur : Pengaruh Pertumbuhan Ekonomi Sektoral terhadap Kemiskinan

Media Trend ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 275-282
Author(s):  
Abdul Khafidzin ◽  
Nurul Istifadah
Keyword(s):  
Economic Growth ◽  
Service Sector ◽  
Agricultural Sector ◽  
Industrial Sector ◽  
Economic Sectors ◽  
Equitable Distribution ◽  
Agriculture Sector ◽  
Agriculture Industry ◽  
Selection Of Variables ◽  
Distribution Of Income

Sectoral economic growth affects the level of poverty in the area. High economic growth does not merely reduce poverty. Equitable distribution of income is also a matter that needs to be considered in line with increased economic growth. High economic growth is the process of accumulation of sectoral economic growth that has undergone a structural shift in its journey. Changes in economic structure are marked by a decrease in the contribution of the agricultural sector and an increase in the contribution of the industrial sector, both in gross domestic product (GDP) and in employment. Economic growth needs to be directed towards economic sectors that are effective in reducing poverty and creating equitable distribution of income. The purpose of this study is to answer the question of how the influence of sectoral economic growth on poverty in East Java. For this purpose the panel data regression model is used. The selection of variables is based on research objectives. Agriculture sector GRDP (VP), industrial sector GRDP (VI) and service sector GRDP (VJ) represent sectoral economic growth. The results of the test show an increase in the contribution of the industrial sector effectively reduces poverty. In other words, between the agriculture, industry and services sectors, only the industrial sector has positive and significant parameters for poverty in East Java.

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