scholarly journals A RELATIVE ASSESSMENT OF THE CONTRIBUTIONS OF AGRICULTURE, OIL AND NON-OIL TAX REVENUES TO NIGERIA’S ECONOMIC EXPANSION

10.26458/1927 ◽  
2019 ◽  
Vol 19 (2) ◽  
pp. 139-152
Author(s):  
Cordelia Onyinyechi OMODERO
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Positive Influence ◽  
Tax Revenue ◽  
Foreign Direct Investments ◽  
Economic Expansion ◽  
Oil Revenue ◽  
Significant Negative Impact ◽  
Using Data

The decline in oil prices globally has led to diversification of economy in most oil enriched countries.  In Nigeria, more attention is given to agriculture and non-tax revenue sources to ensure that the country overcomes a mono-economy syndrome which has affected the nation in the past.  This study assesses the contributions of agriculture, oil and non-oil tax revenue to economic expansion in Nigeria using data that cover a period from 1981 to 2017.  The regression results indicate that oil revenue has a significant negative impact on economic growth which is represented by gross domestic product.  On the contrary, the study finds evidence that agriculture and non-oil tax revenue have a robust significant and positive influence on economic growth.  Therefore, the study suggests that tax administration in Nigeria should be more business-growth conscious and that agriculture should be given a boost by creating an enabling environment that could attract foreign direct investments in the agricultural sector.  The study also recommends that oil revenues should be utilized for reinvestments into other sectors of the economy. Keywords:  Oil revenue, non-oil tax revenue, agriculture, economic growth, Nigeria.JEL Classifications: H27, H24, H25, N5, O4  

scholarly journals Effect of Money Supply on Economic Growth: A Comparative Study of Nigeria and Ghana

2019 ◽  
Vol 7 (3) ◽  
pp. 16
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Negative Impact ◽  
Ordinary Least Squares ◽  
Negative Influence ◽  
Positive Influence ◽  
Least Squares Regression ◽  
Monetary Authorities ◽  
Significant Negative Impact ◽  
The Impact

The effect of money supply in enhancing economic growth in Nigeria and Ghana is investigated in this study. The major objectives of the study are to establish the joint and individual influences of money supply mechanisms on economic growth in Nigeria and Ghana. The study employs data from 2009 to 2018 and uses Ordinary Least Squares regression technique for analysis of the data. The findings reveal that broad money supply (M2) has an insignificant negative influence on RGDP in Nigeria, but in Ghana the impact is significant and positive. Broad money supply (M3) exerts insignificant positive influence on RGDP in Nigeria, but significant negative impact on RGDP in Ghana while credit to private sectors (CPS) has insignificant positive influence on RGDP in both Nigeria and Ghana. The study among others suggests that the Monetary Authorities in the two countries should come up with monetary policy strategies that will help drive the economy better and such policies should consider M2 and CPS more as their contributions are necessary for economic expansion that lead to more output and employment.

scholarly journals Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

2021 ◽  
Vol 14 (2) ◽  
pp. 84
Author(s):  
Arshad Hayat ◽  
Muhammad Tahir
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Natural Resources ◽  
Negative Impact ◽  
Traditional Concept ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Significant Negative Impact ◽  
Using Data ◽  
The Impact

This research paper investigates the impact of natural resources volatility on economic growth. The paper focused on three resource-rich economies, namely, UAE, Saudi Arabia, and Oman. Using data from 1970 to 2016 and employing the autoregressive distributed lag (ARDL) cointegration approach, we found that both natural resources and their volatility matter from the perspective of growth. The study found strong evidence in favor of a positive and statistically significant relationship between natural resources and economic growth for the economies of UAE and Saudi Arabia. Similarly, for the economy of Oman, a positive but insignificant relationship is observed between natural resources and economic growth. However, we found that the volatility of natural resources has a statistically significant negative impact on the economic growth of all three economies. This study contradicts the traditional concept of the resources curse and provides evidence of the resources curse in the form of a negative impact of volatility on economic growth.

The Impact of the Business Environment on the Formalization of Informal Firms. The Case of Kosovo

Südosteuropa ◽  
2020 ◽  
Vol 68 (4) ◽  
pp. 505-529
Author(s):  
Kujtim Zylfijaj ◽  
Dimitar Nikoloski ◽  
Nadine Tournois
Keyword(s):  
Negative Impact ◽  
Positive Impact ◽  
Business Environment ◽  
Positive Influence ◽  
Policy Implications ◽  
Tax Reforms ◽  
Firm Level ◽  
Characteristics Analysis ◽  
Significant Negative Impact ◽  
The Impact

AbstractThe research presented here investigates the impact of the business environment on the formalization of informal firms, using firm-level data for 243 informal firms in Kosovo. The findings indicate that business-environment variables such as limited access to financing, the cost of financing, the unavailability of subsidies, tax rates, and corruption have a significant negative impact on the formalization of informal firms. In addition, firm-level characteristics analysis suggests that the age of the firm also exercises a significant negative impact, whereas sales volume exerts a significant positive impact on the formalization of informal firms. These findings have important policy implications and suggest that the abolition of barriers preventing access to financing, as well as tax reforms and a consistent struggle against corruption may have a positive influence on the formalization of informal firms. On the other hand, firm owners should consider formalization to be a means to help them have greater opportunities for survival and growth.

Is more always good? Over-education, job satisfaction and wages on the Czech labor market

2015 ◽  
Vol 37 (3) ◽  
pp. 403-414
Author(s):  
Raufhon Salahodjaev
Keyword(s):  
Job Satisfaction ◽  
Labor Market ◽  
Negative Impact ◽  
Labor Market Outcomes ◽  
Wage Penalty ◽  
Market Outcomes ◽  
Research Attention ◽  
Considerable Research ◽  
Significant Negative Impact ◽  
Using Data

The notion of over-education has drawn considerable research attention since the work of Freeman (1976). This study provides evidence that education match matters for labor market outcomes. Using data from the REFLEX survey, we find that over-education and over-skilling has a significant negative impact on wages and job satisfaction in the Czech labor market. Secondly, we find that the wage penalty is stronger for female respondents. In contrast, overskilled and overeducated men are more dissatisfied than women.

scholarly journals The Impact of Public Debt on the Economic Growth of Jordan: An Empirical Study (2000- 2015)

2017 ◽  
Vol 6 (2) ◽  
pp. 114 ◽  
Author(s):  
Tawfiq Ahmad Mousa ◽  
Abudallah. M. LShawareh
Keyword(s):  
Economic Growth ◽  
Empirical Study ◽  
Regression Model ◽  
Least Squares ◽  
Public Debt ◽  
Least Squares Method ◽  
Negative Impact ◽  
External Debt ◽  
Using Data ◽  
The Impact

In the last two decades, Jordan’s economy has been relied on public debt in order to enhance the economic growth. As such, an understanding  of the dynamics between public debt and economic growth is very important in addressing the obstacles to economic growth. The study investigates the impact of public debt on economic growth using data from 2000 to 2015. The study employs least squares method and regression model to capture the impact of public debt on economic growth. The results of the analysis indicate that there is a negative impact of total public debt, especially the external debt on economic growth. 

scholarly journals Pengeluaran Pemerintah dan Pertumbuhan Ekonomi di Indonesia : Analisis Panel Seemingly Unrelated Regression

2018 ◽  
pp. 1
Author(s):  
Bayu Kharisma ◽  
Adji Pratikto
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Industrial Sector ◽  
Positive Influence ◽  
Seemingly Unrelated Regression ◽  
The Other ◽  
Security Sector ◽  
The Government ◽  
Level Of Significance ◽  
Almost All

The paper aims to examine how the growth impact of government spending in Indonesia, with a focus on several expenditure sectors, namely defense, education, health, agriculture, transport and communications, and manufacturing sectors. Based on the 17 sectors studied, only 6 sectors significantly influence economic growth, namely industrial sector, agriculture and irrigation sector, transportation and transportation sector, environment and spatial sector, political sector and mass media lighting, and security of order. Meanwhile, of the six sectors, only the security sector of order has a positive effect on economic growth, while the other five sectors negatively affect economic growth. If not paid attention to the level of significance, almost all sectors of development expenditure have a negative impact on economic growth, only 5 sectors that have a positive influence that is the labor sector, education sector, national culture, trust in God YME, youth and sports, housing and residential sector , the science and technology sector, as well as the security and order sectors. However, only the security sector of order has a significant effect, while the other four sectors have no significant effect. This result differs from previously conclusions, where their overall conclusion of the government development spending sector has a significant effect, the effect being positive. However, the same conclusions are generated for the security and order sectors, where the results are positive and significant.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals THE CO - INTEGRATION ANALYSIS OF EFFECT OF VALUE ADDED TAX AND EXCISE DUTIES ON ECONOMIC GROWTH IN NIGERIA

2021 ◽  
Vol 1 (1) ◽  
pp. 44-53
Author(s):  
ADEGBITE, TAJUDEEN ADEJARE
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Value Added ◽  
Value Added Tax ◽  
Excise Duty ◽  
Long Run ◽  
Short Run ◽  
Using Data ◽  
Excise Duties ◽  
Integration Analysis

This study examined the co-integration analysis of effect of value added tax and excise duties on economic growth in Nigeria. It also looked at the direction of causality among value added tax excise duty, interest rate, exchange rate and economic growth employing the method of Johansen co-integration and the Granger causality tests using data spanning the period 1994- 2014. Results showed that VAT has positive significant impact on GDP in the short run but has negative impact on GDP in the long run with (  = 1.296417; t=7.41; P>|t|= 0.000) and ( =- 13.38159; z=-3.60 , P>|z|= 0.000) respectively. Also, VAT does not granger cause GDP. Excise duty impacted GDP negatively in the short run but positively in the long run with (=-1.111069; t=-5.16, , P>|t|= 0.000) and ( =37.54469; z = 4.07; P>|z|= 0.000) respectively. It is recommended that, once the value added tax impacted economic growth positively in the shortrun but negative in the long run, government should increase the rate of value added tax in Nigeria, this will in turn boosting the revenue generation in Nigeria. Also, government should increase excise duty on tobacco and alcoholic so as to have positive significant impact on economic growth in the short run.

scholarly journals The Impact of Population Density and Economic Growth on Environmental Quality: Study in Indonesia

2021 ◽  
Vol 22 (2) ◽  
pp. 301-312
Author(s):  
Abdulloh Nashiruddin Wafiq ◽  
Suryanto Suryanto
Keyword(s):  
Economic Growth ◽  
Population Density ◽  
Environmental Quality ◽  
Quality Index ◽  
Negative Impact ◽  
Pearson Correlation ◽  
Secondary Data ◽  
Significant Negative Impact ◽  
Sustainable Economic Growth ◽  
The Impact

Sustainable economic growth is followed by an improvement in environmental quality. The purpose of this study is to identify the correlation between economic growth and population density on the environmental quality index (EQI) in Indonesia. In addition, it also aims to determine the impact of economic growth and population density on the environmental quality Index. This study uses a quantitative method with secondary data from 33 provinces in Indonesia from 2010 to 2016. Data were analyzed using Pearson correlation and panel data regression. The result showed that the correlation between economic growth and population density on the quality of the environment was moderate. It has a significant negative impact on environmental quality.

scholarly journals Reviewing Local Revenue Capacity in Indonesia

2021 ◽  
Vol 8 (1) ◽  
pp. 1
Author(s):  
Metasari Kartika
Keyword(s):  
Agricultural Sector ◽  
Negative Impact ◽  
Fixed Effect Model ◽  
Provincial Government ◽  
Per Capita Gdp ◽  
Study Results ◽  
Significant Negative Impact ◽  
Per Capita ◽  
Trade Sector ◽  
Tax Capacity

Fiscal capacity through Local Own-Source Revenuedescribes the region's ability to explore existing sources of income in the region. Data from BPS (2019) on the level of regional independence shows 11 provinces in the low category, 15 provinces in the low category, and eight provinces in the moderate category. Until now, no province in Indonesia has been included in the high category of regional independence. The novelty of this study, trying to revisit the issue of Local Own-Source Revenue in Indonesia. The purpose of the study was to analyze the influence of per capita GDP variables, the value of the trade sector, and the value of the agricultural sector on Local Own-Source Revenuecapacity. Local Own-Source Revenue capacity is measured using the concept of tax capacity, namely Local Own-Source Revenuedivided by PDRB. The object of the study was 34 provinces in Indonesia during the period 2010-2019 (10 years). The research method uses an unbalanced regression panel with a fixed-effect model approach. The study results were that the per capita GDP had a positive and significant effect on Local Own-Source Revenue capacity. The trade sector had a positive and insignificant effect, and the agricultural sector had a significant negative impact on Local Own-Source Revenuecapacity. Therefore, the Provincial Government needs to continue to increase GDP per capita, issue regulations, and maintain regional conditions to support trade activities and approach the public to pay taxes, especially provincial taxes. The provincial government also needs to increase the downstream and industrialization of agricultural products to increase the capacity of Local Own-Source Revenue. Keywords: Local Own-Source Revenue; Tax Capacity  

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